BENGALURU -- A jumbo interest rate cut by India's central bank is revving up the nation's stock market and raising hopes of a revival in initial public offerings (IPOs), which have dried up in 2025 after a record run last year.
As many as 74 IPOs totaling nearly $17 billion have been cleared by India's stock market regulator, though are yet to launch. (Nikkei montage/Source photos by Ken Kobayashi and Akira Kodaka)
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