Homegrown direct-to-consumer companies raise $6 billion in five years

Sunshine Pictures raised ₹84.64 crore from anchor investors for its IPO. The public offering includes a fresh issue of 4.8 million shares at ₹342-360 each. 50% of shares are reserved for QIBs, with allocations finalized by August 21, and listings on August 25.

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Indian stock markets closed slightly higher on Thursday, marking a third consecutive week of gains, buoyed by falling crude oil prices. The Nifty 50 and Sensex both edged up, with easing oil prices boosting investor confidence. Analysts suggest dips may attract buying, anticipating improved corporate margins from the second quarter, even with potential monsoon deficits….