How India Became the World's Most Prolific IPO Market
India dominated the global IPO scene in 2025, delivering 367 new listings that represented 28.4% of worldwide deal count, outpacing the US, China and Hong Kong. Decades of reforms beginning in 1991 transformed the market, first by attracting foreign institutional capital and later by fostering a robust domestic investor base that now provides roughly 75% of IPO funding. Small‑and‑medium enterprises accounted for 270 of the listings, making India’s public‑market exit route far more prominent than in the US or Europe. A pending Reliance Jio offering, valued at $130‑$170 billion, could become the nation’s largest IPO ever.
Book 35: Godaan by Premchand (100 Great Books)
Premchand, originally writing in Urdu, turned to Hindi after the British banned his 1909 collection, producing a dozen novels and nearly three hundred short stories over a thirty‑year career. His most celebrated work, *Godaan*, follows tenant farmer Hori Mahato whose...
Book 34: Common Sense by Thomas Paine (100 Great Books)
Thomas Paine, a former corset maker, sailor, teacher and tax collector, arrived in Philadelphia in November 1774 with virtually no resources. Benjamin Franklin’s introduction secured him a role editing the Pennsylvania Magazine, giving him a platform to influence colonial opinion....
Book 33: Reading the Dardanelles Disaster in the Age of Hormuz (100 Great Books)
Dan van der Vat’s *The Dardanelles Disaster* revisits the World War I attempt to force the Turkish strait open, illustrating how geography can outwit even the most powerful militaries. The book, written by a veteran journalist‑historian, shows the catastrophic gap...
Book 32: A Tale of Two Cities by Charles Dickens (100 Great Books)
Charles Dickens released *A Tale of Two Cities* in 1859, serializing it in his own journal *All the Year Round*. Drawing heavily on Thomas Carlyle’s *The French Revolution* and his stage work in *The Frozen Deep*, the novel captured the...