Foreign investors have divested $53 billion from Indian equities since late 2024, leading to underperformance against emerging markets. Domestic institutions have stepped in, becoming the dominant force and increasing their shareholding to a record 18.6%, effectively ‘domesticating’ the market and cushioning FII selling pressure on select stocks.
Rentomojo gets Sebi’s approval to float IPO
Rentomojo, an innovative online rental platform specializing in furniture and appliances, has received approval from Sebi for its Initial Public Offering (IPO). Aiming to raise