Sitharaman Confirms Bank Consolidation | Delhi ATC Glitch Halts Flights | Markets Defensive

This special report focuses on Finance Minister Nirmala Sitharaman's confirmation of a new phase of public sector bank consolidation, the major flight disruptions at Delhi's airport due to a critical Air Traffic Control (ATC) software glitch, and the weak sentiment in the Indian stock markets. The Finance Minister stated, 'India needs a lot of big banks, world class banks'. The bulletin also covers the ongoing flight delays of over 50 minutes at the Delhi airport, with the ATC now operating manually. Further analysis delves into the Indian market turning defensive amidst weak global cues and the impact of the ongoing Bihar assembly elections. Additionally, the programme highlights Tesla shareholders approving a historic pay package for Elon Musk, which could make him the world's first trillionaire if the company's market value hits $8.5 trillion.