- 21 minutes ago
In this edition of the Business Today Show, anchor Sakshi Batra details major corporate, financial, and regulatory developments. Union Finance Minister Nirmala Sitharaman emphasised the importance of corporate governance and separating ownership from management in family-run businesses, urging companies to engage constructively with regulators rather than resorting immediately to litigation. In the aviation sector, Civil Aviation Minister Ram Mohan Naidu highlighted how rising Aviation Turbine Fuel costs amid the West Asia conflict are pushing up festive season airfares, reiterating the government's push for greater airline competition. Telecom regulator TRAI introduced new rules mandating separate voice and SMS-only packages to benefit over 20 crore non-data users across India. Market expert Avinash Gurakshakar shared insights on equity market volatility, mid-cap strategies, IT stocks, and aviation market dynamics. Additionally, Uttar Pradesh Principal Secretary Alok Kumar outlined progress on the 3,700 crore rupees India Chip semiconductor OSAT manufacturing facility.
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NewsTranscript
00:10good afternoon dear viewers you're watching the business today's show with me sakshi batra this
00:14is where i get you all the stock market closing action on the lal street but first up let's take
00:18a look at what's hot in the corporate and the financial world after a volatile session the
00:25markets are recovering sharply as Brent Group prices have slipped below the hundred dollars a
00:29barrel mark u.s futures have also turned positive nifty is now down 50 odd points to trade near 23
00:34350 the cent six is still down about 200 points at 74 700 id stocks extend the losses for the
00:41third
00:42straight session anoop bakji the icici group veteran and current md and ceo of icici prudential life has
00:52emerged as a key contender for htfc bank's top job reports are indicating that the rbi has also
00:58reportedly sought feedback on his candidature as the ceo succession process gathers space
01:07finance minister nirmala sitarawan makes general remarks on family businesses emphasizing on
01:13professionalism separation of ownership from management and also says disagreements need
01:18not turn into litigation aviation minister ram mohan naidu has said higher atf prices amid the west
01:29asia crisis are pushing up festive season airfares ministry is consulting the airlines and monitoring
01:35the fares on airline concentration he says india needs more competition with at least five airlines
01:41operating 100 aircraft each vp morgan ceo jamie diamond says inconsistent taxation and unevenly enforces
01:53the rules could deter investment in india diamond also says india must ensure fair treatment strengthen
02:00the governance and promote competition to attract global capital
02:11we'll straight away look at the big breaking news viewers this is with regard to the finance minister
02:15nirmala sitaraman making remarks on family business and management without naming the tata group she's
02:22stressed on professionalization and also on disagreements need not immediately turning into litigation let's listen in to what she had
02:31to say
02:34to start with the conduct and above all with trust trust between businesses cannot be demanded
02:42it has to be built through conduct on both sides businesses must engage constructively
02:49with government and regulators legal recourse will always remain available but every disagreement need not begin as a litigation
03:00there is considerable value in engaging early placing evidence on the table participating seriously in consultations
03:10and working towards solutions before differences become disputes equally businesses must provide predictability
03:19transparency transparency and a willingness to listen a mature economy should be capable of disagreement without immediately becoming
03:31adversarial the other thread is the standard we hold ourselves to
03:36quality which must become india's next national movement
03:43karish ma sudhani my colleague is now joining in with more details on the same karish ma
03:47clearly the finance minister is talking about how family businesses should definitely be looking at professional conduct
03:55look at governance and of course not every disagreement should turn into litigation
04:01in what context and what indications are do you think this statement of finance minister gives us
04:09um evidently finance minister is talking about the institutionalization challenge that exists and this is also because of how
04:17majority of indian businesses are family-owned large msmes that you look at or bigger than that
04:25she's not mentioned of tatas but as as as it is in the backdrop of what is happening it is
04:35and what i have been picking up from my
04:37sources in the government that uh government that uh government is uh watchful of the situation and like uh uh
04:45any other government they'd want that uh it's uh the conglomerate one of the biggest conglomerates in the country is
04:52having uh uh its peaceful exchange internally or even externally and uh uh sources have told us that uh the
05:01top uh uh officials in the government are known about what is happening and the way out only
05:07is that uh is that uh some kind of peace
05:12is in the working of how things are right karishma thanks a lot for getting us those details let me
05:19quickly go across to our guests now we have avinash kurakshakar the founder of avinash mentor research now joining in
05:25on the program as well um you know avinash we're talking about how the finance minister is really talking about
05:31family businesses in india
05:32we have seen many instances in the past when uh you know family run businesses any kind of disputes or
05:39disagreements uh entering into long litigation periods have not only impacted the business at large but a lot of shareholders
05:46investor sentiment and the markets at large as well how are you looking at these fresh statements at least coming
05:52at a time when there is a fresh uh you know update about uh you know what's happening at the
05:58tatar group of course there is no uh way that finance minister has indicated or talked about it
06:02about the tata group here but she's talked about how to strengthen the economy it is important that india inc
06:09running family businesses should be more vigilant about how professionally they are run
06:15yeah i think uh yeah i think uh yeah i think this is just a you know comment from the
06:19finance minister on family businesses but i think clearly you know i think uh the indication was clearly at the
06:25recent tata group uh kind of uh development i think clearly uh you know i think uh the markets would
06:32like to wait as to when the tata sons entity uh goes public but i think there has been some
06:37sort of tussle you know from the existing tata group uh tata trustee you know kind of people
06:42so i think we'll have to wait and watch but yes one thing is very clear that uh you know
06:46these kind of disputes are now becoming the normal you know kind of order of the day because clearly there
06:52have been some disagreements between some uh you know kind of you know promoter kind of groups and that i
06:58think is essentially the reason uh you know the matter is likely to go into litigation so i think whenever
07:04this happens it obviously has an impact on the group or maybe on the you know on the market sentiment
07:09as a whole uh for the time being you know i would not like to comment
07:12but i think if it goes into litigation definitely it's going to be a dampener for this group in the
07:17very near term right let's talk about the markets per se 23 355 we are on the expiry day about
07:2460 odd points lower in trade it's been of course a volatile uh run up uh you know but uh
07:30looking at what's happening uh as far as the global impact is concerned crude oil prices now ebbing slightly lower
07:37and now uh probably below that hundred dollars a barrel mark will that provide some
07:42some kind of uh balm or calm to the markets we've been looking at five to six straight weeks of
07:48losses on the street one of the key reasons has also been the external environment that continues to be topsy
07:54-turvy your suggestion on how would you look at the markets now
07:58no i think sakshi markets are going to remain in a very small range i think at least for the
08:04very near term 23 200 uh you know for the nifty is a very strong support
08:08and i don't think you're going to see any major panic sell-off because one good part is crude has
08:13corrected i think saudi arabia has already made it very clear
08:16that a lot of supply side issues could be resolved uh i think what is very important to note is
08:22that uh you
08:23know the geopolitical situation continues to remain very fluid there have been some reports that iran has
08:28suggested to u.s indirectly that they could open the hormones provided all their conditions are met but i think
08:34you know whether donald trump agrees to this whether any solution comes to this or not in the very near
08:40term is something which is a big question mark so we'll have to wait and watch but i think one
08:45factor
08:45which is you know obviously also putting pressure on the market is the primary market you know supply of
08:50fresh paper i think a lot of ipos have been lined up september is going to be a very heavy
08:55month almost 35
08:5638 000 crores is going to be raised so i think the broader market is going to remain in a
09:00very close range
09:01the upside seems to be you know capped and i think it's only going to be a stock picker's market
09:06so wherever there is a good growth story at the right valuation i think investors should take their
09:11call because i believe q2 is also going to be reasonably good and is unlikely to be so bad as
09:16what you know most market people are expecting okay yes you're right in this week alone we are going
09:23to be looking at 11 ipos that are opening up and altogether september has been you know filled with
09:29an ipo rush and seems to be that this is going to be the case for the rest of fy
09:3527 as well but
09:37let's quickly look at the aviation space at large airfares have actually seen a sharp uptick with the
09:43government now pointing to rising atf prices amid the ongoing west asia crisis aviation minister
09:48ramohan naidu has said atf accounts for about 40 percent of the airline operating costs meaning that
09:55even a small surge in fuel prices can impact the ticket fares meanwhile on the airline duopoly the
10:01government says it wants more players in the sector but no decision has been taken yet let's listen into
10:06what the aviation minister had to say i would also like to mention that because of the west asia
10:13crisis the atfs have taken a hit because of which the air prices have taken it this is not necessarily
10:19because of the festive season or anything but there is an ongoing crisis situation which has driven the
10:24atf prices forward even if you took a take the air fries pairs affairs the if you break it up
10:3140 to 43
10:33percent of this comes from atf only so you can see that how much a small increase in atf would
10:38impact
10:38the airfare prices one thing from the government is clear is that we need more airlines to come into
10:42the picture now airports and airlines together operating need some deliberation on that we are
10:48going to see the pros and the cons of it we need to give a balancing a sector see the
10:54first idea is to
10:55provide the passenger with more airlines as an option and if there is someone who is interested to do it
11:01then the government supports the idea but when the airline operator only has to do it then what are
11:07the cons also that might come up we need to create a system where the cons are also taken care
11:14of and
11:14the pros we very openly know that there are a lot of pros regarding this so we are under the
11:19deliberation
11:21all right avinashi you heard the minister talk about one of course the airfares and the surging
11:27fares right ahead of the festive season uh have a lot to do with what's happening in west asia and
11:33the surge in atf prices but aviation space as a whole does that attract your attention right ahead of
11:39the big festive demand that we are looking at um is this a space that investors should also look at
11:46yeah definitely sakshi i think you know within the aviation space i think you know players like indigo
11:51will continue to capitalize because uh clearly you know in terms of market share uh they are market
11:57leaders they control almost 50 percent uh you know market uh you know chair in the indian aviation market
12:03and i think you know despite the fact that uh you know many companies have shown interest of entering
12:09this segment it's not a very easy market a lot of investment a lot of pain has to be experienced
12:14by new
12:14players and i think new players like akasa or the other new players are yet to you know get the
12:19kind of
12:20scale which indigo enjoys so i think investors should definitely understand that this is going
12:24to be a supply driven market for at least the next couple of years before some meaningful competition
12:29comes in and i think uh rising av uh you know oil prices is going to obviously make fuel prices
12:35go up
12:35and that definitely will be passed on to customers typically i think you know these companies uh will
12:40definitely enjoy the benefits of this kind of policy monopoly and i think investors should realize that
12:45at least for the next couple of years there is going to be no meaningful competition
12:49for large players like indigo okay that's the aviation space for you viewers but shifting focus
12:55to the telecom space now there's another breaking news coming in for you uh the trai the telecom
13:01regulator has mandated separate voice and sms only vouchers separate vouchers from internet plans and
13:08mandatory plans uh for 30-day validity or less there are also monthly renewal options that will be
13:14provided now to the users which who can now renew the plans on the same date there is a benefit
13:21for
13:21customers that who don't use data that could actually be deciphered from this new mandate that the trai is
13:28talking about let me actually go across to uh my colleague ashwarya who's joining in with more details on the
13:34same ashwarya first up help our viewers understand what exactly is the trai talking about here apart from the data
13:42packages that we are used to of recharging your our phones with both prepaid and postpaid
13:48are they going to be separate voice only packages that will have to be mandatorily given by
13:55the air uh the telecom operators now
14:02could you unmute yourself i couldn't hear you yeah yeah go ahead
14:11still it is unmute i think ashwarya we couldn't hear you
14:16all right so uh we will try to get that line sorted i think with ashwarya right there but uh
14:22viewers as
14:22we are telling you uh this is uh the trai the telecom regulator's new mandate for both separate
14:29and sms only vouchers and separate vouchers from internet plans that should be made available
14:36is what the trai has said mandatory plans uh that will be made available for in our consumers also for
14:4430-day validity or less these plans will be made available on a monthly renewable option basis that
14:51will be provided to the users users can renew these plans on the same date every month and this will
14:57definitely benefit for all the customers who do not use data as well so that's something that we are
15:04hearing from the telecom regulator as well remember on every monthly basis um in fact we have we'll
15:11quickly take a view from avinash right here avinash uh a big change coming in uh you know it was
15:17only data plans that were going big as far as uh the telecom companies are concerned for airtel
15:23geo vodafone idea as well but now a mandate coming in that these companies have to mandatorly provide
15:31just sms only and voice packages also for those customers who really don't need to use data
15:40so i think it's a good move uh sakshi i think it gives a you know user flexibility to choose
15:45what
15:45exactly he wants and i think in the earlier package it was bundled into the the same package so i
15:51think
15:52somebody who wants voice but doesn't want data or somebody who wants only sms can opt for these uh
15:57you know packages i think uh at least for the next one or two quarters we like to see what
16:01is the kind
16:02of response you know from the customers because largely the demand comes from data i think data is one of
16:07the
16:07large demand uh segments for telecom users so whether you know only voice is going to be used
16:14independently is something which we'll have to wait and watch but yes it's a good move i think
16:18the invest the customers would benefit but for meaningful kind of you know revenue numbers or
16:24maybe you know kind of contributions for these companies probably one or two quarters we like to see
16:28how this product launch actually materializes into kind of revenue and business for these companies
16:34okay ashwarya is back with us ashwarya if you can hear us give us a sense of what has prompted
16:39the
16:40trai to give that mandate to the telecom companies and once these mandatory packages are rolled out what
16:47sort of a demand do you really see out there only for voice and sms packages because as india has
16:53gone
16:53on to digitalization is there enough and more demand even now only for voice and sms
16:59yes sir definitely this is a planned move because this is not the first time this has been introduced
17:06back in 2024 to there was an amendment to this telecom consumer protection regulations and now it
17:15is being made stringent for a simple reason because although we see those numbers of smartphone users in
17:22india have you ever heard that there are only there are about 20 crore users who only use feature
17:28phones they do not use data at all so that big figure is the reason why these voice and sms
17:35packs
17:35have been introduced is uh is what some of the officials have uh confirmed to us there is a reason
17:41why
17:41this move has been made and uh these voice and sms packs are not very prominent if you see on
17:48uh some of
17:48their platforms like airtel geo etc if you go these are sort of hidden uh somewhere in in the lot
17:55of
17:55data packs that are provided but this is a very crucial move for people who do not want data or
18:01do
18:01not have the availability or are operating homebound uh are operating through wi-fi so an important move
18:09to make it more uh you know economical for consumers those 20 crore consumers that's really crucial
18:15from trai side and this should be implemented by telecom operators is what they have said some of
18:21the officials have also said that if is this isn't complied to by october end uh telecom operators will
18:28also be penalized uh stringent action regulatory action will be taken if that is not complied to so
18:35that's the story behind this move as well thanks ashwarya for getting us those details and it's now time
18:41viewers to take some of your queries with our guest avanash uh we have the first query coming in for
18:46you avanash from ashish jain from jaipur who wants your expert view on the tech stocks for the long term
18:52now we have seen the it stocks really um you know underperformed for a long time now this is of
18:59course
18:59due to uh the ai led disruptions the the kind of um you know policy changes that happened in some
19:06of
19:07their biggest markets like us that led to a lot of tightening of purse strings from clients and of
19:13course changing businesses and uh you know reimagining the way businesses are shaping up in
19:19the world of ai how are you looking at the it stocks for or tech stocks for the long term
19:23even
19:23at this stage after they've fallen quite a bit no i think uh see it will consider to be a
19:29good long
19:29term kind of basket uh if the investor can wait for the next say 12 to 18 months because i
19:34think
19:35most september markets are expecting that hopefully the geopolitical situation you know comes to a
19:40kind of a proper halt then the u.s order pipeline is very large and i think companies like tcs
19:46infosys
19:47excel technologies smaller companies like copwatch could definitely be looked upon from a medium to
19:52long term kind of time frame because you know most of these companies are cash rich they are well
19:56managed they give very good dividends some of these companies are given buybacks so if the investor
20:01can want to you know wait for the next 12 to 18 months and do a small sip then i
20:05think the risk
20:05reward could be definitely be good but i think one needs to understand that uh one should not take
20:10a very short term view take a slightly medium to long term view and stay invested because eventually
20:15i think you will get a good rating here what about another query that's coming in on the tourism space
20:21this is priya from luck now she wants to know is it worth investing in tourism related stocks for the
20:26long
20:27term yeah i think uh tourism is a very sweet spot i think we've seen seeing that you know tourism
20:32is
20:33growing rapidly despite geopolitical kind of issues so i think you know companies like indian hotels
20:37typically you know even travel agent companies could be definitely be looked upon but from a slightly
20:43longer term perspective these are companies which are slightly you know insulated uh from domestic
20:48markets from geopolitical issues but yes longer term one can equivalent these stocks okay himanshu
20:54pathak from dairadun asks you uh that i'm unsure about oil related stocks should i really consider
20:59them for my portfolio for three to six months no i think clearly you know with oil boiling hot
21:05i think it's very difficult to give a call but i think you know if the investor has a slight
21:09high risk
21:09appetite then i think oil marketing companies are one which should one should look at you know once the
21:14chips are down that's the time one should accumulate omcs because crude prices are likely to come up
21:19and my sense is ioc bpcl hpcl if the investor can wait for the next say six to eight months
21:25uh once oil comes down these could definitely give a good re-rating kind of you know bouts okay
21:31uh now viewers uh questions are only so many but i have to ask you on the mid and the
21:35small caps also
21:36uh what is your fresh approach there avanaj for a lot of our viewers who have been tracking the mutual
21:42fund
21:42flows last couple of months have shown us so much more uh flows have come through as far as the
21:48mid and the
21:48small caps are concerned about two years back there was so much of you wrote about the froth in the
21:54emittance small cap space uh these spaces underperformed for a long basket but in 2026 again
22:00small and mid caps have outperformed the large caps do they still have a lot of value yeah i think
22:06sakshi you must understand in the small and the mid cap category i think you need to be very very
22:11selective now i think there's a lot of fresh paper also which has come in plus there are many existing
22:15listed companies so my suggestion to investors is that please don't buy every single small cap or
22:21mid cap stock or maybe a small cap or mid cap fund it's better to be very selective and i
22:26think always
22:27stay invested for the medium to long term i think without putting some time of let's say 12 to 15
22:32odd months the risk reward is not going to be good even at current level so i think it's like
22:37you know
22:37you need to put in some time and effort and stay invested here and be very selective that's the only
22:41mantra which i could suggest all right abhinash will thank you then now for being with us on the
22:46program and for guiding all our viewers on their questions and of course giving us an insight into
22:51the markets and helping us identify the pockets where opportunities still remain uh viewers on the
22:57last uh you know levels as far as the nifty is concerned 23 000 329 three tenths percent of a
23:03cut
23:03you've seen slight choppiness and some range pound trade throughout the course of the session
23:07but we've ended lower about 80 85 points or trade um let's talk about the nifty bank that's where
23:13about half odd percent of a decline has come in and the pockets that have contributed the most to the
23:18decline today of course it pack remains weak uh we've seen the it index down by 0.8 percent fmcg
23:25psu banks banks as a whole oil and gas these are the pockets that have dropped anywhere between 0.4
23:30percent to one percent odd only real estate sector the metals and the media pocket these are the three
23:36pockets that have managed to pull up in an otherwise very volatile weak sentiment kind of uh trade that
23:42has panned out in the second half of trading action especially on the nifty you have seen the top
23:47movers as coal india three percent higher indigo 1.8 percent up eternal you're also looking at a 1.7
23:55uptick here titan tata steel are among the other movers from the tata group today and adani enterprises
24:01has also pulled up within the top movers on the lagging front you have trend that's down 1.7
24:06percent lower nestle tata consumer products from fmcg basket and you've seen some it related stocks
24:12like infosys tcs that have also declined along with nbfc giants like bajaj twins bajaj pinserv and finance
24:18also down by over one percent each as well but let's shift focus uh to finding out what's happening
24:25in the semiconductor space uttar pradesh's semiconductor push is now moving from mous to ground execution
24:30with a 3700 crores india chip facility already under construction the project earlier known as hcl fox
24:38corn has now completed its groundbreaking move with the first products expected to roll out within one
24:44to one and a half years in fact business today television spoke with the alok kumar the principal
24:49secretary for it and electronics uttar pradesh government on the state's semiconductor plans let's
24:56listen in to what he had to say so there were just two mous which we had signed with two
25:02partners
25:03and one of them hcl fox on like that is now called india chip private limited so like there where
25:10we the
25:11facility has already like the groundbreaking has been done the facility is under construction and this is
25:17about 3700 crore rupees plant they would be manufacturing that's an osat facility and we
25:24hope that within a time frame of one to one and a half year the first the product should start
25:31rolling out
25:32from this factory all right viewers it's time to uh wrap up the business today show right
25:38here but in case you too have any questions about your investments in stock markets in mutual funds
25:43sips or gold related questions then send your queries up to us as far as the number that's flashing
25:49on your screens you can send us your queries here we'll be happy to get top market experts to guide
25:53you
25:53on your questions with that is a wrap on the business today show right here stay tuned on to
25:57india today we'll be back to track the stock markets for you tomorrow morning at 9 05 a.m
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