Thursday, September 10
Mumbai: The Securities and Exchange Board of India (Sebi) is looking to regulate the grey or parallel market, where shares of unlisted companies such as NSE, Chennai Super Kings, Cochin International Airport and Mohan Meakins are traded unofficially. The proposed move will facilitate price discovery for unlisted companies before their shares are officially launched for trading on the bourses and will also boost tax income for the government. This comes at a time when India has emerged as one of the top IPO markets globally, with $2.8 billion raised in Q1 of this year despite global economic uncertainties.Speaking at an industry body event on Thursday, Sebi chairman Tuhin Kanta Pandey said: "Pre-listing information is often insufficient for investors to make an investment decision. Can we c
Mumbai: Sebi is planning to increase the tenure and maturity of equity derivatives contracts, its chairman Tuhin Kanta Pandey said on Thursday."We have often stated that equity derivatives play a crucial role in capital formation, but we must ensure quality and balance. We will consult with stakeholders on ways to improve, in a calibrated manner, the tenor and maturity profile of derivative products, so that they better serve hedging and long-term investing," Pandey said at the FICCI event here. "We are looking to deepen the cash equities market, which is the true foundation of capital formation. Volumes in cash market have grown rapidly doubling in terms of daily traded volumes over a period of just three years. However, much more needs to be done." This had triggered a sharp fall in capi
In a move that could reshape how Indians engage with AI, OpenAI has announced the launch of ChatGPT Go. With a monthly price of just Rs 399, the service promises greater accessibility to cutting-edge AI features than previously possible. This announcement will undoubtedly mark a significant shift in the way AI is used in India, not only because it makes advanced features affordable for users, but also because it makes OpenAI a more formidable rival that could jeopardize the growth of domestic LLMs.The oligopoly like structure of the LLM market not only makes it difficult for India to make its mark, but the accompanying environmental and supply side constraints will make it even tougher for domestic market to prosper and enter into the global market. Difficult entry barriers, lack of qualif
