Heard Indus does not give out PPOs at all. What is the status of the Corporate Teams at Delhi Office?

Yes, it does. Especially Cap Marks.

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Note: Capmarks PPO interviews are taken by ML and trust me those are not easy. The firm barely rolls out PPOs and has become top heavy in the last 2 years. You may try your luck nonetheless, consider GC/M&A over Capital Markets in your initial years for the sake of your sanity. All the best!