In India IPOs Turn To Goddess Durga

Believe it or not! In India while seeking a successful IPO, company officials have been turning to the goddess Durga rather than leaning towards investment bankers or financial backers for guidance.
Stock-market debutantes are preparing initial public offerings in a process tied to coincide with the Hindu festival Navratri, a nine-night celebration of the goddess Durga and widely considered in India to be an auspicious time to initiate new projects.
Power-transformer maker M&B Switchgears Ltd. and polymer-bag manufacturer Flexituff International Ltd. are among a half-dozen companies for more details....


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