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In the current financial year also, 159 SMEs have gone public so far, raising more than Rs 5,700 crore.

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Regulations must ensure that unscrupulous elements don’t take advantage of the platform and that investor interests are adequately protected.

In short, there can’t be any alternative to setting a higher governance bar.Micromax and Phison have formed a joint venture, MiPhi, to produce storage chips in India.

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