Business

Foreign investors are significantly reducing their stake in Indian equities, with FII ownership hitting a multi-year low. Concurrently, domestic institutional investors, particularly mutual funds fueled by SIPs, are increasing their holdings, absorbing much of the foreign selling and reshaping market ownership.

Union Minister Piyush Goyal met with luxury giants LVMH and L’Oreal to boost India’s manufacturing, exports, and investments. Discussions centered on expanding production, nurturing local talent, and integrating Indian culture into global luxury supply chains. The talks also explored new avenues for India’s beauty and personal care sector, leveraging L’Oreal’s recent tech hub launch in

China’s exports surged 14.1% in April, significantly exceeding expectations and bolstering the nation’s economy despite global uncertainties. This strong performance precedes a crucial meeting between US and Chinese leaders, where trade tensions and other disputes are expected to be discussed. Analysts anticipate continued export-driven growth for China this year.

President Trump’s “Project Freedom” to escort ships through the Strait of Hormuz lasted only 48 hours, leaving thousands of vessels stranded. Despite US military guidance for two ships, the operation was paused due to ongoing dangers, with shipping executives unwilling to risk passage without a proven peace accord.

A young Indian student’s innovative app for the visually impaired has earned global recognition, highlighting India’s burgeoning developer talent. Apple sees immense potential in India’s vibrant tech scene, with Indian developers increasingly achieving global success through the App Store. This growth is supported by dedicated Apple centers fostering innovation and community.

Air India has assured employees there will be no layoffs despite significant losses exceeding Rs 22,000 crore last fiscal due to various “black swan events.” However, annual increments will be deferred by at least a quarter, and employees are urged to cut discretionary spending to manage costs in the uncertain economic climate.

Segment Grows 15.4% To ₹1.4L Cr, Standalone Insurers Account For 33% Of Total Premium

Banks are urging the government to redefine affordable housing by updating property value and size thresholds to account for inflation and rising interest costs. Current limits, set years ago, no longer reflect the market realities, impacting the accessibility of homeownership for many.