The question on the panelists’ minds this week on CNBC-TV18’s The Firm: will the Securities and Exchange Board of India (SEBI) signal their approval of budding stock exchange MCX-SX’s capital reduction scheme by approving the company’s application to run as a full-fledged stock exchange. Menaka Doshi sat down with Vivek Gupta, Partner at BMR Advisors and Kartik Ganapathy, partner at Indus Law for some answers.

Induslaw has hired Nishith Desai Associates (NDA) partner, Bangalore head and fund investment co-head Kartik Ganapathy as an equity partner, while NDA partner Vaibhav Parikh returned from the firm’s Silicon Valley office.