In today's episode of The Daily Brief, we cover 3 major stories shaping the Indian economy and global markets:

1. SEBI’s Big Move in SME IPOs

SEBI tightens SME IPO rules to curb misuse, ensure funds boost growth, and protect investors. Key steps include stricter OFS rules, longer lock-ins, and better monitoring.

2. Royalty Payments Under SEBI's Lens

SEBI flags ₹10,779 crore in FY23 royalties, often exceeding profits. It proposes linking royalties to earnings, better disclosures, and expiry dates for agreements.

3. India’s Economic Crossroads

India’s economy is uneven: services exports boom, but middle-class consumption struggles, and rural recovery remains weak. Inflation and jobs need focus.

You can also watch this episode here: https://youtu.be/aCXfyy4Eql8

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