SEBI has asked mutual funds to protect investors as small and midcap funds see their valuations shoot up; Reliance Industries and Disney's India unit have agreed to merge their media businesses which will result in a Rs 70,000 crore business but could also draw the attention of the Competition Commission of India; The National Stocks Exchange has revised their methodology for the inclusion of stocks in its indices, the exchange has also added Shriram Finance while removing UPL from the Nifty50 index; Global markets have fallen ahead of U.S. inflation data due later today...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.