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Summary

India Business covers a range of topics including Finance Minister Nirmala Sitharaman's response to allegations against SE Chief Madhabi Puri, SEBI's withdrawal of its statement on employee protests, and RBI Governor Shaktikanta Das's comments on future interest rate decisions. The show also discusses Bajaj Housing Finance's successful IPO, a family feud over the inheritance of hotelier PRS Oberoi, and the challenges women face in the workforce. Additionally, it touches on global news such as an assassination attempt on former US President Donald Trump and the ongoing conflict in Ukraine.

Takeaways

• 📢 Finance Minister Nirmala Sitharaman addresses allegations against SE Chief Madhabi Puri, stating that both she and her husband have responded to the questions raised by the Congress party.
• 💼 SEBI withdraws its earlier statement blaming external elements for employee protests and promises to address employee concerns internally.
• 📈 Finance Minister expresses no concern over slower GDP growth in Q1, anticipating acceleration in the coming quarters.
• 🏦 RBI Governor Shaktikanta Das emphasizes the importance of monitoring the future trajectory of inflation and growth for interest rate decisions.
• 🏢 Bajaj Housing Finance experiences a successful market debut with shares listing at a 115% premium over the issue price.
• 🏭 Over 100 Samsung India workers, including union leaders, are detained by Chennai police ahead of a planned protest march regarding wage demands.
• 🏛️ The government is reviewing the strategy for capital expenditure, aiming for dividend consistency and value creation, having received nearly 64,000 CR rupees in dividends last year.
• 🏡 Despite women entering the workforce, India has not yet achieved pre-independence hopes for women's economic participation, according to Chief Justice Chandru.
• 🏛️ Delhi Chief Minister Arvind Kejriwal announces his resignation, seeking a 'certificate of honesty' from the people before returning to office.
• 🏆 At the 76th Emmy Awards, 'Hack' wins Best Comedy Series and 'Shogun' wins Best Drama Series, with 'Baby Reindeer and the Bear' also taking home four awards.

Q & A

What is the controversy surrounding SE Chief Madavi Puri Bhattacharya?

The controversy involves allegations of conflict of interest against SE Chief Madavi Puri Bhattacharya by the Congress party, which she has denied. Finance Minister Nirmala Sitharaman has responded to this, stating that both Madavi Puri Bhattacharya and her husband have been answering these allegations with facts.

What did Finance Minister Nirmala Sitharaman say about FNO investments?

Finance Minister Nirmala Sitharaman stated that there is nothing wrong with investing in FNO (Futures and Options) but advised investors to be cautious and trust only authentic information.

How did SEBI address the concerns of its employees regarding the alleged toxic work culture?

SEBI withdrew its earlier statement blaming external elements for the protests and promised to address the concerns of its employees amicably through internal channels, ensuring high governance standards and a time-bound framework.

What was RBI Governor Shaktikanta Das's stance on future interest rate decisions?

RBI Governor Shaktikanta Das indicated that future interest rate decisions will be based on the future trajectory of inflation and growth, emphasizing the need for a forward-looking approach.

How did Bajaj Housing Finance's shares perform on their stock market debut?

Bajaj Housing Finance's shares made a strong debut, listing at a premium of 115% over its offer price, and ended the day over 130% in the green.

What is the dispute within the Oberoi family following the death of PRS Oberoi?

The dispute involves a family feud over inheritance, with claims of a conspiracy by step-siblings and cousins to corner the assets. Anastasia Oberoi has cited the will to state and has made claims against her step-siblings and cousin before the Delhi High Court.

What is the government's strategy for state-run companies' capital expenditure?

The government is reviewing the CAPEX strategy for state-run companies, aiming for dividend consistency along with value creation. Revised norms will be released soon, and the government received nearly 64,000 crore rupees as dividends last year.

What is the current situation regarding women's participation in the Indian economy?

Chief Justice of India Chandrachud highlighted that India has not met the pre-independence hopes for women's participation in the economy, with women still juggling domestic and caregiving chores and facing protective laws that infringe on their choices and freedom.

What was the outcome of the protest by Samsung India workers?

Over 100 Samsung India workers, including union leaders, were detained by the police ahead of a planned protest march. The workers have been boycotting work for higher wages and better working conditions.

What are the recent developments in the wedding market in India?

The wedding market in India is scaling new heights, with global luxury brands like Bulgari entering the market. The Indian wedding industry was estimated at 10 lakh crore rupees in 2023, with families spending over 12 lakh rupees per wedding.