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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Founders of multiple tech companies avoid being classified as promoters when they list but continue to call the shots. The regulator aims to fix that.
The Securities and Exchange Board of India wants founders with a 10% stake in their companies at the time of an IPO to classify themselves as promoters, according to a report in The Financial Express.
The regulator’s move, if it takes effect, could have a bearing on a bunch of startups planning public issues of shares. With private equity investors holding the bulk of shares in many of them, founder stakes have come down to single digits. This will make it difficult to identify a promoter, and possibly delay the process. Also, there is no clarity on whether the new …
India’s grocery and food delivery platforms are increasingly displaying misleading images of food using artificial intelligence, defeating the very purpose of buying online.
The kingdom is moving to tighten the rules around public listings, algorithmic trading, trading in foreign securities and company disclosures—all in an effort to chase transparency.
Thinly traded listed entities have long served as breeding grounds for stock manipulation, hurting investors. The regulator, the NSE and BSE now want to fix things by focusing on efficient delisting.
