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Startup Policy Forum launches CNPC to support IPO-bound startups in India

EntrackrEntrackr · 9h ago
Startup Policy Forum launches CNPC to support IPO-bound startups in India
Medial

Startup Policy Forum launches CNPC to support IPO-bound startups in India CNPC will facilitate regulatory dialogue, conduct training on compliance and governance, and enable peer learning and policy guidance for founders and CXOs. The Startup Policy Forum (SPF), an alliance of over 50 Indian new-age companies, has launched the Centre for New-Age Public Companies (CNPC) to support startups transitioning from private to public markets. The platform aims to address regulatory, governance, and market-readiness challenges as India sees a growing pipeline of IPO-ready startups. The CNPC was formally launched in the presence of SEBI Chairman Tuhin Kanta Pandey during a high-level meeting with 20 startup founders and leaders in Mumbai. The initiative comes at a time when nearly 40 startups, with a combined valuation exceeding $90 billion, are expected to go public in the coming years. “India’s capital markets are witnessing a structural shift, with new-age and tech-driven companies increasingly dominating IPO pipelines and investor interest. The Centre will enhance readiness and resilience of new-age companies as they enter and thrive in public markets,” said Shweta Rajpal Kohli, President and CEO, Startup Policy Forum. SPF’s membership includes listed startups like Swiggy, ixigo, Ather Energy, and MobiKwik, with others such as Meesho, Groww, Curefoods, Bluestone, and PhysicsWallah also preparing to list. The CNPC aims to build market confidence, improve capital market preparedness, and enable India’s next generation of public tech companies.

Zomato joins Nifty 50 in index reshuffle

EntrackrEntrackr · 4m ago
Zomato joins Nifty 50 in index reshuffle
Medial

Zomato joins Nifty 50 in index reshuffle In December 2024, the Deepinder Goyal-led company made history as the first new-age tech company to join the Bombay Stock Exchange (BSE) Sensex 30. In a major reshuffle of the Nifty 50 index, Zomato and Jio Financial Services will replace Britannia Industries and Bharat Petroleum Corporation Limited (BPCL). This adjustment is set to take effect on March 31, 2025. The National Stock Exchange (NSE) determines such periodic rebalancing based on the average free-float market capitalization of companies over a six-month period, spanning from August 1 to January 31. This is a major milestone for new-age tech companies in India. As per a report by JM Financial, Zomato’s addition could bring in inflows of around $620 million, impacting nearly 226.6 million shares and influencing trading volumes for approximately 3.8 days. In December 2024, the Deepinder Goyal-led company made history as the first new-age tech company to join the Bombay Stock Exchange (BSE) Sensex 30, replacing JSW Steel Limited in the benchmark index of India’s top 30 companies. The Nifty Next 50 index is also set for a major reshuffle, with the inclusion of seven new stocks: Bajaj Housing, BPCL, Britannia, CG Power, Hyundai Motor India, Indian Hotels, and Zomato’s rival Swiggy. These companies will replace Adani Total Gas, BHEL, IRCTC, Jio Financial, NHPC, Union Bank, and Zomato. The Nifty Next 50 Index serves as a benchmark, representing the top 50 companies ranked between 51 and 100 based on market capitalization on the National Stock Exchange (NSE).

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