The Indian primary market has seen a surge in interest for SME IPOs, with massive oversubscriptions. Data from Prime Database reveals that 152 SME IPOs this year averaged 200 times oversubscribed. While SEBI urges caution, the lure of robust listing gains and stock performance continues to draw investors.
Mark Mobius, pioneer of emerging markets investing, dies at 89
Mark Mobius, a pioneer of emerging markets investing, has died at 89. Known for decades at Franklin Templeton Investments, he championed opportunities across developing economies,