Business News in Hindi Live: Mixed start of Indian market, TCS, Marico, SBI Cards, Maruti will be on watch

Mixed start of Indian market, TCS, Marico, SBI Cards, Maruti will be on watch

On the first trading day of the week, a mixed start was seen in the Indian market pre-opening. The Sensex was trading at 66,296.44 with a gain of 136.24 points, or 0.21 percent, while the Nifty was trading at 19,641.30, down 4.70 points, or 0.02 percent. However, good signals are coming from the global market. Strength is being seen in the Asian market. GIFTY NIFTY is trading up quarter percent.

Committee may consider aspects of regulatory regime for startups

A government-appointed committee is likely to consider whether there is a need for a tighter regulatory regime for startups in view of concerns related to corporate governance in certain entities. An officer gave this information. The official said startups are generally small and require a balance in terms of regulation. Ease of doing business and compliance based regulatory regime should be ensured. The official said that the Company Law Committee (CLC), constituted by the Ministry of Corporate Affairs in September 2019, may consider various aspects of the regulatory regime for startups. The Standing Committee, headed by the Corporate Affairs Secretary, comprises government officials, industry representatives and experts. It broadly focuses on ease of doing business along with effective implementation of the Companies Act, 2013 and Limited Liability Partnership (LLP) Act, 2008. The official said that the ministry has not formed its opinion on whether startups need a more stringent regulatory framework or not. He said that there should not be too much regulatory compliance burden on such entities.

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