IPO the Zing Thing Coming to Markets
On cards: tax breaks, bigger retail quota in IPOs & share sale of PSUs Firing up the Bulls on D-Street Sebi Cracks the Whip on Errant MFs
government’s policies will be good for business and growth. The primary market plan is part of the comprehensive agenda drawn up the ministry to revive the economy that includes major financial sector reforms and a targeted approach to tackle non-performing assets of banks to get them to start lending to companies again. “We feel a revival of the primary market is necessary for companies to raise capital to expand and deleverage and start investing,” a senior ministry official told ET. Sebi has stopped clearing applications for new fund offers (NFOs) — both equity & debt schemes — from mutual funds whose net worth is below required levels.