Funds play a significant role in supporting the startups. It allows individuals with innovative and business-oriented mindsets to take risks and invest their time and efforts in startups. Considering this, on 7th March 2024, the Union Cabinet approved over Rs 10,000 crore fund for promoting AI-centred industries. Out of which, close to Rs 2000 crore fund will exclusively be allocated to the AI startups.
The number of recognized startups in India grew from just 471 in 2016 to over 127,000 by April 2024
-DPIIT (Statista)
The startup ecosystem in India has witnessed remarkable growth in recent years, with innovative ideas and ambitious founders reshaping industries. However, Ms Vaneesa Agrawal, founder of Thinking Legal, highlights that navigating the legal landscape can be a daunting challenge, especially for early-stage startups.
In the digital age, data governance has emerged as a critical issue for nations worldwide. India, with its burgeoning startup ecosystem and rapid technological advancements, is no exception. The government’s focus on national security and development has led to the formulation of a draft framework for governing non-personal data. Their recent efforts are crucial for safeguarding national interests and fostering trust in the digital landscape, a task that often requires the expertise of a business lawyer to navigate the complex legalities involved.
In a significant stride towards strengthening the legal framework against insider trading, the Securities and Exchange Board of India (SEBI) has intensified its regulatory efforts, as noted by top firms like Thinking Legal across the nation.
These measures aimed at modernising the insider trading regime, hold immense promise for enhancing market transparency and upholding investor confidence.
Imagine a country where aspiring entrepreneurs in even the remotest corners can nurture their ideas into thriving businesses. This is the vision driving India’s booming tech startup ecosystem, with over …………….startups flourishing across 763 districts as of March 2024 (DPIIT).
In a startling revelation that has sent shockwaves through the financial industry, the Securities and Exchange Board of India (SEBI) and the Reserve Bank of India (RBI) have initiated investigations into a dozen cases involving Alternate Investment Funds (AIFs) allegedly being used to circumvent regulations. This development has raised serious concerns about the integrity of the AIF industry and its role in the broader financial landscape of India.
In a significant move to curb insider trading, the Securities and Exchange Board of India (SEBI) has extended the facility to freeze permanent account number (PAN) of designated persons during trading window closure for financial results to all listed companies.
