Market veteran Raamdeo Agrawal has called Zepto’s IPO plans premature after the quick-commerce firm deferred its proposed listing amid valuation concerns. Zepto is reportedly discussing a valuation of $2.5-3 billion, sharply below its $7 billion private valuation. Agrawal said companies…
Read More
Lalithaa Jewellery Mart’s Draft Red Herring Prospectus (DRHP) showed that the company, its subsidiaries, promoters, directors and key managerial personnel are involved in certain legal and regulatory proceedings pending before various tribunals, quasi-judicial authorities and appellate forums.
Read More
The Closing Auction Session (CAS) is “here to stay” as a core market reform, SEBI Chairman Tuhin Kanta Pandey stated on Monday, while confirming the regulator is open to making operational tweaks to refine the mechanism, if needed.
Read More
The Reserve Bank of India (RBI) has sought feedback from non-banking finance companies (NBFCs) on draft guidelines proposed for regulating revolving credit facilities, while emphasising the need for stronger compliance, internal audit and risk management frameworks, a report has said.
Read More
India’s financial sector needs to shift from periodic cybersecurity compliance to continuous, risk-driven cyber resilience as threats become increasingly interconnected and sophisticated, SEBI Chairman Tuhin Kanta Pandey said on Monday.
Read More
In his new role, Wadekar will oversee the company’s financial strategy and operations, working closely with the leadership team to strengthen financial performance, enhance operational efficiencies, manage risks and align financial priorities with KHIL’s broader business objectives, said a release.
Read More