Businesses concentrated in few hands, says Uday Kotak; Markets fall for second straight day

Billionaire banker Uday Kotak said that business power is concentrated in just a few hands in India. He further added that government policy should allow many flowers to bloom and ensure fair play in the market. He said this during a session during the India Today Conclave Mumbai 2023.

And markets fell for the second straight day as investors remain cautious ahead of RBI's interest rate decision. The 30-share BSE Sensex went lower by 286.06 points to settle at 65,226.04. The Nifty declined 92.65 points to end at 19,436.10.