May 28, 2026

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IPO windfall: IFC set to reap 13x gains in Tata Capital listing; World Bank arm trims stake

contact@dailyupdatesindia.com03 mins

The International Finance Corporation (IFC) is poised to book hefty returns from Tata Capital’s upcoming $2 billion (Rs 17,000 crore) initial public offering, as the World Bank Group arm looks to partially exit its investment in the non-banking finance company.According to the updated draft red herring prospectus (DRHP), IFC will offload 3.58 crore shares in…

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Self-reliance gains: Vocal for local push trims import bills for top firms; PLI schemes, duty hikes drive shift

contact@dailyupdatesindia.com03 mins

India’s push for self-reliance in manufacturing is beginning to show results, with several consumer-facing companies cutting back sharply on their dependence on imports. As per ET, a study of 20 listed firms in automobiles, electronics and FMCG found that foreign exchange outflows as a share of sales have dropped significantly between FY20 and FY25, mainly…

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