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There are concerns that the proposal, once approved, could mean a greater tax burden for startup employees.

A little over a decade after it was founded, the company that introduced India to Greek yogurt has pulled off a turnaround. But competition is rising fast and Epigamia can’t afford to simply rest on its laurels.
The consumer electronics startup jumped through the ranks to become India’s top audio and smartwatch brand. Just as quickly, the IPO-bound company appears to be losing steam and its comeback looks uncertain.
Dubai and Abu Dhabi markets bounce back on real estate strength and central bank support, but sentiment remains fragile amid ongoing conflict.