Record IPO rush sweeps India

Units of Tata and LG are among the big names set to hit Indian stock exchanges this month, making October the hottest month ever for IPOs in the country. Companies are expected to raise around $5 billion in October alone, taking this year's total beyond 5 billion compared with last year's record haul of 21 billion. So what's driving the frenzy.India's IPO rush is being powered by companies seeking to fund expansion in the world's fastest growing major economy. A deep pool of domestic capital, millions of ea ...