Investment Banks Eye GIFT City for IPO Listings

Imagine a new place called GIFT City, like a special zone for businesses.

Some banks want to set up shop there to help companies sell stocks (IPOs) and raise money.

These companies might be Indian businesses with operations abroad or Indians living overseas.

People who know a lot about investing are also interested in buying stocks listed in GIFT City.

One company, XED, was supposed to be the first to sell stock, but it got delayed.

Experts think this will be a good thing, as foreign companies with businesses in India might also want to join in.

GIFT City is aiming to be a top place for businesses from all over the world.