Finance Ministry amends rules on minimum public shareholding for IPOs — Here’s a look at the changes, benefits

The Finance Ministry’s Department of Economic Affairs (DEA) on Friday notified changes to India’s IPO rules with regards to the minimum offer and allotment to the public in an offer document. The notification dated 13 March, provides a tiered structure for companies and corporations planning to list on the stock exchanges. It amends the Securities…

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Qualcomm chief pledges $150mn fund for AI startups in India visit

New Delhi: US chipmaker Qualcomm Inc has set aside $150 million for a dedicated venture capital fund targeting artificial intelligence startups in India, chief executive Cristiano Amon said on Wednesday. The announcement, made during Amon’s visit to India, comes after a spate of investment announcements on Tuesday, including the expansion of India Deep-Tech Alliance (IDTA)’s…

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