This week has been eventful with significant developments in domestic politics, the financial market, consumer technology and on the policy front. Here are the major events that shaped the week.RBI MPC MinutesReserve Bank of India Governor Sanjay Malhotra is of the view that macroeconomic stability will continue to be the prime concern amid the central bank's attempt to balance growth support with inflation control, according to the minutes of the last Monetary Policy Committee meeting released on Friday.Malhotra chaired his first policy review meeting as the RBI governor earlier this month. At the end of the MPC meeting on Feb. 7, the central bank announced a 25-basis-point rate cut.At the meeting, Malhotra said that while inflation is moderating, the external environment remains uncertain, requiring policy flexibility. He stated that stronger macroeconomic fundamentals and a resilient policy framework would help India navigate global risks while maintaining domestic economic stability.RBI MPC Minutes: Governor Malhotra Says Macroeconomic Stability Key At Current JunctureDelhi Gets New CMRekha Gupta, a 50-year-old first-time MLA from the Bharatiya Janata Party, took oath as Delhi's chief minister on Thursday. The ceremony, held at Ramlila Maidan, was attended by Prime Minister Narendra Modi and top National Democratic Alliance leaders.Gupta began her career in student politics in the mid-1990s. Her transition to mainstream politics came in 2007 when she won the MCD Councillor elections from Uttari Pitampura (Ward 54). She retained her seat in 2012 and later served as the Mayor of the South Delhi Municipal Corporation, gaining administrative experience. In the recently concluded assembly polls, she defeated the Aam Aadmi party's Bandana Kumai from the Shalimar Bagh constituency by 29,595 votes.Alongside Gupta, six other BJP MLAs including Parvesh Verma, Ashish Sood, Manjinder Singh Sirsa, Kapil Mishra, Ravinder Indraj Singh and Pankaj Singh were sworn-in as cabinet ministers.Rekha Gupta Takes Oath As Delhi CM With PM Modi, NDA Leaders In AttendanceWeekly Market PerformanceIndia's benchmark stock indices, NSE Nifty 50 and BSE Sensex, declined for the fourth consecutive session on Friday, thereby marking their second weekly loss in a row. The downturn was fueled by persistent foreign capital outflows, global trade tensions, and a lack of positive domestic catalysts. The 50-share Nifty lost 0.64% this week, whereas the 30-share Sensex slipped 0.92%.Stock Market Highlights: Nifty, Sensex Extend Losses To Second Week; M&M, ICICI Bank Top DraggersNew EV Policy On Cards?The government may soon modify the terms of a policy that promotes manufacturing of electric cars in India, in a bid to attract the likes of Tesla Inc., to make and sell in the world’s third largest automotive market. The tweaked EV policy may mandate carmakers to show a turnover of Rs 2,500 crore in the second year itself, people aware of the matter told NDTV Profit on Friday. The draft policy, released last year, suggested a revenue target of Rs 5,000 crore by the fourth year and Rs 7,500 crore in the fifth year. The draft policy also mandated a concessional import duty of 15% on electric cars for five years, against an initial investment of at least $500 million (Rs 4,150 crore).India May Modify New EV Policy Before Elon Musk Drives In TeslaBurmans Take Religare's ControlThe Burman Group took control of Religare Enterprises Ltd., after a long-drawn-out dispute involving the financial services company's ousted chairperson Rashmi Saluja and the US-based investor Danny Gaekwad. The Burman family, which controls FMCG major Dabur India Ltd., has been designated as promoters of Religare, a spokesperson of the group confirmed on Thursday.The control was acquired over a week after Saluja was ousted from her role at Religare as shareholders rejected a proposal to re-appoint her as the executive chairperson.Burman Family Acquires Control Of Religare EnterprisesiPhone 16e LaunchApple unveiled its latest model in the iPhone 16 series of smartphones on Wednesday. The new device has been priced from Rs 59,900 to Rs 89,900 depending on the storage preference from consumers. It became available for pre-order from Friday onwards and will go on sale on Feb. 28. Apple also discontinued the iPhone SE series and the iPhone 14 and iPhone 14 Plus after the launch. The consumer technology firm's latest offering runs on an A18 chipset with lower graphics processing capabilities due to it having fewer cores in graphic processing unit in comparison to the standard A18 chip.Apple iPhone 16e Is The Best Budget iPhone Ever @$599?IPOs This WeekThree public issues opened for subscription in the SME segment, whereas Quality Power Electrical Equipment, Hexaware Technologies and Ajaz Engineering closed their IPOs in the mainboard space.The SME firms that launched their IPOs cumulatively aim to raise over Rs 100 crore. This includes the Rs 59.9-crore IPO of Beezaasan Explotech, Rs 34.2-crore issue of HP Telecom India, and Rs 14.9-crore issue of Swasth Foodtech India.Beezaasan Explotech IPO: Check GMP, Subscription Status, Price Band, Offer Size And More. Read more on Markets by NDTV Profit.