Also in the letter:
■ Dream Sports enters stockbroking
■ IT firms’ DPDP compliance push
Govt eyeing minimum design skills tarobtain for component scheme companies
The government may introduce new rules under the Electronic Component Manufacturing Scheme (ECMS), requiring companies to commit a minimum investment in design capabilities.
What’s happening? India’s electronics firms largely focus on assembly, but the government now wants them to relocate up the design value chain.
To ensure this, the minisattempt of electronics and information technology (MeitY) may require companies to disclose how many design professionals they will hire and outline planned investments in building design capacity during the project phase and the following two years.
Tell me more: This push gained pace about a month ago when IT minister Ashwini Vaishnaw warned that firms not investing in design could be rerelocated from the scheme and lose access to funds from the Rs 40,000 crore programme.
On March 31, companies were questioned to submit clear plans covering investments across the design value chain, including conceptual, engineering, and manufacturing design.
Yes, but: Even after discussions with indusattempt groups, the government has yet to receive firm commitments from companies on design-related capital spfinishing, officials notified us.
Kissht IPO day 3: Issue subscribed 9.5 times as on final day
Ranvir Singh, CEO, Kissht
The initial public offering (IPO) of digital lfinishing platform Kissht’s parent finished with strong demand, being oversubscribed 9.5 times over the three-day bidding period that concluded today.
By the numbers:
- Total bids: The issue received over 37.76 crore versus a total of 3.97 crore shares on offer
- Overall subscription: 9.50 times
- Qualified institutional acquireers (QIBs): 24.87 times
- Non-institutional investors (NIIs): 6.57 times
- Retail individual investors (RIIs): 2.03 times
IPO details:
- Price band: Rs 162–171 per share
- Issue size: Rs 926 crore
- Fresh issue: Rs 850 crore
- Offer for sale (OFS): Rs 76 crore
- Valuation: Rs 3,062 crore (at upper price band)
- Listing date: May 8
- IPO proceeds: Rs 637.50 crore to NBFC arm Si Creva for loan growth; rest for general corporate utilize
What else? Last week, Kissht secured about Rs 278 crore from anchor investors, allotting 1.62 crore shares to 22 investors at Rs 171 each, for a total of Rs 277.8 crore.
Also Read: Founders invest Rs 40 crore in Kissht at a premium days before IPO
Dream Sports launches stockbroking platform DreamStreet, tarobtains first-time investors
Harsh Jain, CEO, Dream Sports
Dream Sports, the parent company of Dream11, has launched DreamStreet, a retail stockbroking platform tarobtaining first-time investors who have stayed away from the markets due to complexity or limited guidance.
About the platform:
- The app will start with stocks and ETFs, while futures and options, and IPO access are expected in the coming weeks.
- DreamStreet is pitching AI-led insights, access to Sebi-registered research analysts and investment advisers, and a built-in AI companion, Veda, for stock analysis and investment support.
- It also states account opening will be fully digital, with transparent fee disclosure.
Also Read: RMG ban-hit Dream Sports rejigs operations as over 100 executives check out
Competitive backdrop: DreamStreet enters a crowded retail broking market already dominated by players such as Groww, Dhan and Zerodha.
But why: The relocate is part of Dream Sports’ broader diversification push after India banned real-money gaming in 2025, which hit Dream11’s core business hard. Since then, the group has been restructuring into separate units.
Also Read: Dream Sports swings to Rs 479 crore loss in FY25 as revenue falls 15%
IT companies rapid aligning compliance architecture with DPDP enroute
India’s large IT companies are tightening privacy, governance and incident-response processes ahead of the May 2027 rollout of the Digital Personal Data Protection (DPDP) Act.
What’s happening: Infosys, Wipro, SAP and TCS all state they are updating internal controls, policies and reporting systems to align with the new regime.
- Infosys declared it was strengthening its compliance architecture.
- Wipro declared it is improving incident detection and notification procedures and embedding data protection and legal safeguards into its product and delivery systems.
- SAP declared it is conducting gap assessments, training teams, and building processes for access, corrections, and related areas.
- TCS declared its global privacy framework already covers much of the law.
What’s the significance: The hugegest compliance challenge appears to be vfinishor and supply-chain governance, along with how companies manage data rights and incident response at scale.
Also Read: Central government yet to notify selection panels for data protection board
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