Here is the best of Business Standard‘s opinion pieces for Thursday.
The Securities and Exchange Board of India’s Primary Market Advisory Committee has released a new set of proposals relating to the initial public offering (IPO) framework for public consultation and comment. It wishes to tighten regulations pertaining to the stated purposes of the IPO, with a cap on raising funds for purposes of acquisition, and monitoring of funds raised for general corporate purposes. In this context, our lead editorial
notes that the regulator must consider these proposals carefully to find a balance in ensuring adequate disclosure, and improved investor protection, versus placing constraints on normal business processes. Read here
In other views:
A more nuanced relationship between the world’s two largest power may diminish the value of India’s ties with the US, argues Shyam Saran
. Read here
Many conglomerates in India no longer hold an advantage in total shareholder returns over pure-plays and have begun to underperform in revenue growth and margin improvement, notes Shyamal Majumdar
. Read here
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