Context: According to data from the Centre for Monitoring Indian Economy (CMIE), unlisted firms recorded sales growth of 8.34 per cent in the financial year 202324, compared to just 1.69 per cent for listed companies. An Unlisted Public Company An unlisted public company, also known as an unquoted public company, it is a public company that is not listed on any stock exchange. This enables it to raise finance by the issuing and sale of shares to the public, such as through advertising, but without listing on an exchange. The Centre for Monitoring Indian Economy The Centre for Monitoring Indian Economy is an independent private limited company, which is at the same time an economic think-tank and a business information company. CMIE research group has developed databases on the Indian economy and private companies. CMIE offers this information in the form of databases and research reports through a subscription-based business model.
SEBI’s Amended Rules for Independent Advisers and Research Analysts
Context: SEBI has made rules for independent advisers and research analysts more transparent and investor-friendly. Independent advisers Independent advisers are professionals who provide financial guidance and services without being affiliated with a large financial institution. They are also known as independent financial advisers (IFAs). A research analyst A research analyst is a professional who collects, analyzes, and interprets data to help businesses make informed decisions. They are often quantitative, analytical, and logical, and are good at managing numbers and data. Key Features:
SEBI Warns Ola!
SEBI, the markets regulator in India has warned Ola Electric for announcing information about its firm on social media before making a disclosure to investors. What are SEBI norms on Social Media Content? SEBI Introduces Fixed Price Process for Delisting Shares Understanding Financial Influencers Rise of Finfluencers Problems from Rise of Finfluencers Regulatory Action Previously Taken for Finfluencers:
Supervisory Restrictions of RBI
Context: The Reserve Bank of India (RBI) lifted the supervisory restrictions imposed on Chennai-based Asirvad Micro Finance Ltd., and Delhi-based DMI Finance Private Ltd. with immediate effect. The Reserve Bank of India has the following supervisory restrictions imposed on banks:
Laxmi Dental sets IPO price band
Laxmi Dental Ltd. will tap the capital market with an initial public offering (IPO) in the price band of ₹407 to ₹428 per equity share of face value of ₹2 each. How a Company Decides its IPO Price? Initial Public Offering (IPO)
ITC’s Medicinal and Aromatic Plants Initiative
The Aroma Mission is a CSIR initiative that aims to increase the cultivation of aromatic crops and improve farmers’ income. Context: ITC Limited is focusing on medicinal and aromatic plants, diversifying beyond traditional crops like wheat and rice. Schemes for Welfare of Farmers
ITC’s Medicinal and Aromatic Plants Initiative
Context: ITC Limited is focusing on medicinal and aromatic plants, diversifying beyond traditional crops like wheat and rice.
Reforms in ICAR
Context: P K Mishra, Principal Secretary in the Prime Minister’s Office said that there was a need for reforms in ICAR to have better outcomes and optimum resource use. Key Suggestion: Genetically Modified (GM) Crops The Indian Council of Agricultural Research (ICAR)
Gold Googly Bamboozles Import Data
Context: India’s overall import bill for the first eight months of 2024-25, reckoned to have grown 8.35% at $486.73 bn, has been pared by almost 3% to $472.5 bn, as per DGCIS data; the dramatic revisions alarm economists and one calls it ‘statistical harakiri’ Gold Reserve in Central Bank The World Gold Council
The Venus Orbiter Mission
Context: ISRO’s to-do list includes the Chandrayaan-4 moon mission, the development of the space station, Bharatiya Antariksha Station, a second mission to Mars, and the maiden Venus Orbiter Mission. The Venus Orbiter Mission The Venus Orbiter Mission, also known as Shukrayaan, is a mission by the Indian Space Research Organisation (ISRO) to study the planet Venus:
