InvITs industry pushes for easier M&A rules to boost investor interest
India’s InvITs sector, managing ₹7 lakh crore in assets, is urging regulators for simpler M&A rules. Industry leaders want change of control guidelines to match those for listed companies. This aims to attract more investors by streamlining acquisition processes. Current rules can make buyers acquire more units than intended.
Global Market Today: Asian stocks slip from record, oil gains
Asian equities retreated from record highs as conflicting signals from the US and Iran on a potential peace deal emerged. Crude oil prices surged as the Strait of Hormuz remained disrupted. The dollar strengthened and Treasuries dropped as sentiment soured following US strikes and White House skepticism about negotiations.
Hong Kong tops Switzerland as world’s largest offshore wealth hub
Hong Kong has become the world’s top wealth hub, surpassing Switzerland. Offshore assets in Hong Kong reached $2.9 trillion in 2025. Global private fortunes also saw significant growth. Emerging markets are set to add substantial wealth by 2030. Hong Kong’s lead is expected to grow, driven by China’s economy and its IPO market.
Rupee flat on hopes West Asia truce will hold
The Indian rupee remained stable against the dollar as risk assets gained across Asia and Europe. Falling oil prices and expectations of a West Asian truce provided support, while the central bank’s interventions also bolstered the local unit. Benchmark sovereign bond yields stayed below 7%.
Nifty Midcap 100 scales fresh peak, analysts see more upside ahead
The Nifty Midcap 100 index reached a record high for the fourth consecutive session, driven by strong corporate earnings and promising growth outlooks. Analysts anticipate this momentum to continue, with potential for 20% gains in the medium term, as midcap and smallcap stocks attract significant investor interest.
Govt plans up to 2% LIC stake sale, may raise Rs 10,000 crore
The government plans to sell up to a 2% stake in LIC, potentially raising Rs 10,000 crore. This move aims to deepen public shareholding amid improving profitability. The stake sale is likely in late June or early July. Merchant bankers were appointed last year. This divestment will help meet the government’s asset monetisation target.
Adani Power surges past Infosys in market capitalisation
Adani Power has surpassed Infosys in market capitalization, becoming the 11th most valuable company on Indian bourses. This shift is driven by Adani Power’s 68% stock surge in 2026, while Infosys experienced a nearly 29% decline. Investors favor Adani Power due to rising energy demand, whereas concerns over AI’s impact on traditional IT services have […]
States under fiscal strain amid high welfare spend: Morgan Stanley
States are facing fiscal pressure as revenue growth slows and welfare spending remains high, leading to elevated deficits. Morgan Stanley reports state fiscal deficits are projected to stay at 3.2% of GSDP through FY27, while the consolidated fiscal deficit is expected to rise to 7.9%.