SEBI chairman Ajay Tyagi says that while current concept of holding founders accountable is unique to India, a controlling shareholder regime for representing an entity is more logical.
Compared with the IPO price of Rs 76, Zomato surges in its trading debut Friday. This is a boon for China's Ant Group, which is benefiting from its early investments in Indian companies, including Zomato and Paytm.
Zomato has generated a seldom-seen frenzy among the investment community. Investors will now get a taste of the food delivery giant when it debuts today after a $1.3 billion IPO.
With China's crackdown on internet companies and India’s 625 million internet users just dipping their toes into the world of social networking & ecommerce, investors are turning their attention to India.
Paytm was last valued at $16 billion. If it hits its target, the IPO would be India's largest stock market debut ever, surpassing the debut of state-owned Coal India Ltd.
The broader buzz around Zomato, which has a $1.3 billion initial public offering, spilled out from financial circles into the social media space & could push other startups to list.
Shareholders would like to see Zomato pull off smart acquisitions that bring in both scale and cash flows. Dominance of consumer data alone won’t build a sustainable moat.
The proposed amendment to the Insolvency and Bankruptcy Code aims to reduce timelines and provide for a mechanism that involves minimal interaction with the court. It fails on both counts.
Open to public feedback until 26 November, the revised guidelines, among other changes, give CA firms more flexibility to advertise & promote their services.
Bihar is blessed with a land more fertile for revolutions than any in India. Why has it fallen so far behind then? Constant obsession with politics is at the root of its destruction.
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