Letters to Editor - The HinduBusinessLineSENSEX 83,535.35+ 319.07NIFTY 25,574.35+ 82.05CRUDEOIL 5,308.00+ 13.00GOLD 123,250.00+ 2,183.00SILVER 152,134.00+ 4,406.00SENSEX 83,535.35+ 319.07NIFTY 25,574.35+ 82.05NIFTY 25,574.35+ 82.05CRUDEOIL 5,308.00+ 13.00CRUDEOIL 5,308.00+ 13.00GOLD 123,250.00+ 2,183.00'; } document.getElementById("lgdv").innerHTML = htmlElements; } function numberformat(i) { return Number(parseFloat(i).toFixed(2)).toLocaleString('en', { minimumFractionDigits: 2 }) } async function gatherResponse(response) { const { headers } = response; const contentType = headers.get('content-type') || ''; if (contentType.includes('application/json')) { return await response.json() } return response.text(); } function getWidth() { if (Math.max(document.body.scrollWidth,document.documentElement.scrollWidth,document.body.offsetWidth,document.documentElement.offsetWidth,document.documentElement.clientWidth) > 991) { document.getElementById("mob").style.display = "none"; document.getElementById("lgdv").style.display = "block"; } else { document.getElementById("mob").style.display = "block"; document.getElementById("lgdv").style.display = "none"; } } getWidth();]]>Updated - November 10, 2025 at 09:53 PM.Diversion of IPO fundsThis refers to ‘SEBI detects ₹100 crore diversion of funds in FOCL-linked SME IPOs’ (November 10). This raises important concerns about investor protection. In contrast to debt financing where lenders have security interests over company assets to safeguard their claims IPO funds do not have any such collateral backing. Responsibility for the proper use of IPO proceeds rests primarily with the issuing company. Key intermediaries like merchant bankers, underwriters, bankers to the issue, and registrars are paid fees and commissions by the issuer, but sadly their duty to ensure the end use of the funds is limited.The current system of issuing company self-regulating fund utilisation, with merchant bankers and SEBI focused mainly on compliance and ensuring accurate disclosures, is fraught with risks. There is a strong need for SEBI to strengthen its regulations and require merchant bankers to play a more active post-issue monitoring role.Srinivasan VelamurChennaiPolitical donationsThis refers to ‘CBDT uncovers ₹9,169 crore bogus political donation racket’ (November 10). It appears that Registered Unrecognised Political Parties (RUPPs) are a serious threat to the nation’s economic system, which strives to reduce inequalities of income and wealth and achieve economic growth with justice. It is imperative that the Election Commission of India delists all RUPPs across the country because the latter use elections as a tool for piling up unaccounted money.S RamakrishnasayeeChennaiAir ticket refundApropos ‘Breath of fresh air’ (November 10), the Directorate General of Civil Aviation’s proposed refund guidelines promise major relief to air travellers long burdened by unclear refund rules, high cancellation charges, and delayed reimbursements. The centrepiece of the reform is a 48-hour “look-in” window, enabling passengers to cancel or modify bookings without penalty — a recognition that plans can change.N Sadhasiva ReddyBengaluruBe proactiveThe article, ‘The talk of the town’ (November 10), ís a timely reminder to the ruling dispensation of its responsibilities. The basic issue ís the government wakes up only when there ís a crisis and the rest of the time it is in ‘relax’ mode. This is because the pro-rich policies of the political class do not require caring too much about the many issues the unprivileged sections face on a day-to-day basis.This in fact shrinks the market further, with potential to lead to major economic and social crises. Empowering the poor to buy more than the essentials will give a boost to output, jobs and savings.AG RajmohanAnantapur, APPublished on November 10, 2025Sign into Unlock benefits!Access 10 free stories per monthAccess to comment on every storySign up/Manage to our newslettersGet notified by email for early preview to new features, discounts & offers${ ind + 1 } ${ device }Last active - ${ la }