The Securities and Exchange Board of India (SEBI) has proposed changes to Employee Stock Ownership Plan (ESOP) norms aimed at assisting founders of companies preparing for initial public offerings (IPOs) in exercising their options. This development is part of a broader trend within the Indian startup ecosystem, which has seen increased activity and investment, including a reported Rs 3,600 crore investment by L&T to establish three new data centers in India. Additionally, the startup scene is abuzz with news of Zomato receiving approval for a name change to Eternal and a significant increase in Made-in-India smartphone shipments, which rose by 6% in 2024. Other notable updates include Accenture's AI-driven revenue growth and ongoing discussions surrounding the gig economy. The market also experienced a rally, with the Sensex and Nifty posting their best week in four years, reflecting a positive sentiment among investors.