Shoppers Stop Q3 Results: India’s Shoppers Stop Ltd reported a significant rise in quarterly profit after two straight quarters of loss. This growth was driven by strong demand for premium products such as watches and perfumes during the festive season. The department store chain saw an 11% rise in revenue from operations. Premium product categories contributed to 64% of overall revenue.
$20 billion of IPOs per year a new normal for India: JP Morgan
Initial public offerings worth USD 20 billion per annum are the “new normal” for India and will become an annualised run rate over the next