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04.06.26 - 17:42
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India IPO gold rush becomes foreign firms′ cash-out machine (Times of India)
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Foreign firms are increasingly cashing out of India's booming IPO market, pocketing billions instead of raising capital for expansion. Recent listings, including major players like Hyundai and LG, saw over $5 billion flow overseas. This trend, driven by high valuations, raises concerns about capital outflows and the rupee's stability, with policymakers questioning IPOs as exit routes....
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01.06.26 - 22:00
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Sensex down 2.2k pts in four sessions as Gulf stays on boil (Times of India)
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Dalal Street witnessed a significant downturn as crude oil prices surged due to West Asia tensions, leading to a 508-point drop in the Sensex. Foreign funds continued their selling spree, with outflows exceeding Rs 2.5 lakh crore this year. Investors are now awaiting the RBI's policy meeting and focusing on stock-specific opportunities amid a range-bound market....
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