The new rule divides the category of non-institutional investors (NIIs) into two sub-categories, but stock exchanges are not providing the application amount under these two categories separately.
Investment vehicles operated by billionaires and ultra HNIs are expected to contribute around 30% of the estimated $100 billion to be raised by startups in India by 2025.
The leading Swiss wealth management group expects that just like it did after the global financial crisis, discretionary spending will recover after Covid-19 abates.
But a decline in revenue and profitability will impact Indian corporations’ ability to contribute to the social sector through CSR activities.
