Page 13 - Banking Finance July 2022

ROUNDUP

a decline in its inflows. However, out- rations, the intellectual property rights Sebi's current chairperson Madhabi
ward FDI from India rose 43 per cent (IPR) for innovations will remain with Puri Buch's tenure as WTM ended on
to $15.5 billion in 2021. the innovator. October 4, 2021 and G. Mahalingam
demitted office on November 8, 2021.
Under the Indian Railway Innovation
Nepal starts exporting sur- Policy, the railways will invest in Legal experts had said keeping key
plus energy to India startups to get a headstart in procur- posts vacant at Sebi had strained the
ing innovations directly from them market development and made it chal-
In what would boost cross-border en-
with a promise of up to Rs 1.5 crore of lenging for the regulator to carry out
ergy partnership, Nepal has started
seed money for innovative technologi- key functions such as enforcement.
selling electricity to India through its
cal solutions for the national trans-
power exchange market.
porter.
Tata Group most valuable
Following the rainy season, Nepal's
"The policy is not just limited to the
hydel power projects produced excess Indian brand: Top UK firm
idea. Indian Railways will follow it
power which prompted the Nepal Elec- The Tata Group remains the most valu-
through to the product after proof of
tricity Authority to sell surplus energy able Indian brand and its oldest com-
concept and scaling it up, doubling the
to the Indian market."We started sell- pany - Taj Hotels - has emerged as the
grant support and finally adoption of
ing 37.7MW of electricity to Indian strongest brand in India, according to
successfully developed product/tech-
buyers starting from 12.15 am," Suresh UK-based Brand Finance (BF), which is
nology for regular use and even sup-
Bhattarai, spokesperson at the Nepal the world's leading sectoral valuation
port for two to three years.
Electricity Authority (NEA) told. consultancy.
According to him, electricity produced
Ashwani Bhatia takes Infosys is now the second most valuable
from the 24MW Trishuli and 15MW Indian brand, overtaking LIC and SBI is
charge as Sebi whole-time
Devighat power plants was sold. The most valuable bank brand in South Asia.
average price of electricity has been member BF list of top 10 most valuable Indian
maintained at Rs 6 per unit, brands in 2022 is - Tata ($24 billion),
Ashwani Bhatia took charge as a whole
Kathmandu Post reported quoting
time member (WTM) at market regu- Infosys ($13 billion), LIC ($11 billion),
Lokendra Shahi, another NEA official. Reliance Industries Ltd ($8.6 billion),
lator Securities and Exchange Board of
The NEA earned around Rs 10 million
India (SEBI). Bhatia was previously the Airtel ($7.7 billion), SBI ($7.5 billion),
by selling electricity.
Managing Director of State Bank of HDFC Bank ($6.9 billion), Wipro ($6.4
Nepal is selling electricity to India India (SBI). billion) and Mahindra and HCL ($6.1
through its exchange market for the "Bhatia will handle the department of billion each).
second year in a row. NEA sold electric- debt and hybrid securities (DDHS), al- "Tata Group (brand value up 12% to
ity from the same two projects for ternative investment fund and foreign $24 billion) continues to be the most
nearly one and a half months starting portfolio investors department (AFD), valuable brand in
early November last year. market intermediaries regulation and
India… retains top position as it led by
supervision department (MIRSD), cor-
example through the Covid-19 crisis,"
Railways to invest Rs. 50 cr poration finance investigation depart-
BF said. BF list of top 10 strongest In-
ment (CFID) and office of investor as-
in start-ups each year, in- dian brands is: Taj, HDFC Bank, Jio,
sistance & education (OIAE)," Sebi said
Amul, LIC, MRF, Britannia, Tanishq,
novators to retain their in a release.
Airtel and Maruti Suzuki.
IPR After Bhatia's joining, Sebi now has
Indian Railways will invest more than three WTMs. The government is yet to
Agri-tech startup bags $5
Rs 50 crore annually to fund startups, appoint the fourth member. The mar-
mn funding
Union Minister Ashwini Vaishnav said, ket regulator functioned with just two
adding that unlike other such collabo- WTMs for the past seven months after Nutrifresh, an agri-tech startup focus-

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