Sebi’s New Rules for Finfluencers: What You Need to Know
Are you interested in the latest developments in the world of financial influencers? Well, the Securities and Exchange Board of India (Sebi) has just approved a new regulatory framework specifically for finfluencers. Here’s what you need to know:
Sebi’s Finfluencer Regulations
- Sebi-approved norms to regulate financial influencers
- Prohibiting regulated entities like brokers from dealing with finfluencers
- Under the new regulations:
- Regulated entities and agents barred from associating with individuals providing advice on securities
- Cannot engage in monetary transactions or provide referrals to clients
- Aim to address potential risks associated with unregulated finfluencers
Nazara’s Esports Arm Acquisition
- Nodwin Gaming, the esports arm of Nazara Technologies, acquires Freaks 4U Gaming
- Agreed to a share swap deal worth Rs 271 crore
- Freaks 4U Gaming:
- Offers marketing services to gaming firms
- Generated 26.9 million euros in revenue in 2023
Startup Funding Skyrockets in June
- Startups raised around $1.71 billion in June 2024
- Representing a 148% increase from the previous year
- Noteworthy funding deals:
- Zepto raised $665 million, Creatio and Lenskart raised $200 million each
Apple’s Growing Presence in India
- Apple set to lease an entire office tower in Bengaluru
- Paying over Rs 220 per sq ft for office space
- Marks the tech giant’s latest expansion in India
- Strategic push to expand manufacturing operations in India
- Targeting 25% of iPhone production within the country
- Building a local supplier network to reduce dependence on Chinese vendors
Hot Take: Stay Informed, Stay Ahead
Keep yourself updated on the latest regulatory changes, acquisitions, funding trends, and expansions in the world of finance, startups, and technology. Stay informed, stay ahead!
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