A staggering 42 lakh new accounts were opened in December alone—50% higher than the previous month—taking the total number of demat accounts to 13.93 crore. The trading volume on stock exchanges has increased over tenfold since 2019-20. However, brokers are finding it tough to handle this frenetic activity. In recent months, users of several broking platforms have been crying foul after facing recurring outages and disruption in services.
On 1 February, top investors holding a combined 30% stake in Byju’s parent Think & Learn Pvt. Ltd called for an EGM to change the leadership, reconstitute the board, and address financial management and governance issues.
Ride hailing giant Ola’s announcement that it is acquiring neo-banking start-up Avail Finance may necessitate an independent audit and a subsequent board approval, under the corporate governance regulations, experts say
The COVID-19 pandemic might have posed challenges for the legal industry, but across the Asian region there are firms that have successfully overcome these challenges and continued to grow, either through headcount, or through revenue, or by continuing to add clients. The inaugural ALB Fast 30 list celebrates the tenacity and ambition of these firms. The list is in alphabetical order, and a few firms have been profiled.