IGI, a leading gemstone and diamond certification body, is pursuing an IPO in India to consolidate its global operations and capitalize on the growing lab-grown diamond market. The move aims to integrate IGI's strong Indian manufacturing base with its retail presence in Western markets, particularly the US. Blackstone, the current majority owner, will retain a significant stake after the IPO.
Syria's central bank flew cash to Moscow during the Syrian Civil War. The Assad regime deposited nearly $250 million in Russian banks. This move helped them avoid Western sanctions. Russia became Syria's financial lifeline. The cash paid for essentials and military expenses. This revealed the deep financial ties between Syria and Russia.
Data from StockEdge reveals that several large-cap stocks within the Nifty200 index outperformed the benchmark Nifty50 over 1-week and 3-month periods as of December 13.
