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16.06.26 - 02:42
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West Asia peace deal lifts sensex, Rupee gains 40p/$ (Times of India)
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After the deal was announced early on Monday, markets were in an upbeat mood with sensex opening almost 1,200 points higher. It gained some more points in early trades and then as profit taking set in, it closed slightly off the intra-day high, but was still up 1%. The day's gains made investors richer by almost 8.5 lakh crore with BSE's market capitalisation now at Rs 470.5 lakh crore....
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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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