INTERNATIONAL FUNDS
CEA defends India's GDP data, says country does not use methodology changes to inflate growth numbers
Nageswaran responded to concerns raised by some economists over India's GDP estimates, stressing that GDP measurement is an estimate in every country and that India follows internationally accepted statistical practices.
US-based Christian missionary organisation, others booked under UAPA
Bengaluru Police have filed an FIR against US-based NGO The Timothy Initiative (TTI) and six others after the Enforcement Directorate alleged they illegally channelled Rs 92.55 crore into India through a network of foreign debit cards.
UAE denies reports of $3 billion transfer to Iran, calls claims "false and unfounded"
The United Arab Emirates has strongly refuted claims of transferring USD 3 billion to Iran. The Ministry of Foreign Affairs stated these reports are entirely false. No frozen Iranian funds have been released or transferred through the UAE. Media organizations are urged to rely on official sources for accurate reporting.
Manipur CM urges NITI Aayog to drive state's recovery and development
Manipur Chief Minister Yumnam Khemchand Singh urged NITI Aayog to spearhead the state's economic recovery and long-term development, emphasizing that development is key to ending insurgency. He sought assistance in planning economic recovery, coordinating ministries, and engaging international partners, particularly for critical connectivity and infrastructure projects.
ETtech Deals Digest: Startups raise $225 million in second week of June, up 22% on-year
Startups secured $225 million in funding across 19 rounds during the second week of June, a 22% year-on-year increase. Hygenco Green Energies led deal activity with a $105 million round for green hydrogen projects.
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IMF cuts eurozone growth forecasts again on energy inflation risks
The International Monetary Fund has issued a stark warning. The ongoing Middle East conflict is impacting eurozone growth more than previously anticipated. Energy price surges are expected to slow economic expansion. Inflation is also projected to climb higher. Consumer confidence may weaken, leading to reduced spending.
Dhan launches US stocks, ETFs investing via GIFT City route
The offering is being provided through Raise IFSC Private Limited, Dhan's wholly-owned subsidiary and a member of India INX operating under the regulatory framework of the International Financial Services Centres Authority (IFSCA).
GIFT City investment: Here’s how resident Indians can invest in global stocks, ETFs, and mutual funds
Indian investors can now access global stocks, mutual funds, and bonds through GIFT City, India's first smart city and International Financial Services Centre. This initiative bypasses domestic investment caps, offering various products with minimum investment thresholds starting from USD 5,000 for mutual funds and USD 150,000 for AIFs.
Sectoral and thematic fund inflows plunge 67% to Rs 647 crore. Are investors turning away from thematic bets?
Sectoral and thematic mutual fund inflows saw a significant drop in May, falling by 67%. This decline suggests investors are moving away from concentrated bets towards diversified strategies. Experts believe this trend reflects a natural shift during market uncertainty. While some sectors show strong performance, others lag, making sector selection challenging.
Gold and silver ETFs gain up to 5% on US-Iran peace hopes. Should investors add exposure now?
Gold and silver ETFs gained sharply on Friday as precious metal prices rallied amid optimism over a potential US-Iran peace agreement. Experts advise investors to maintain 5–10% portfolio exposure through Gold ETFs and silver funds, using a staggered investment approach and avoiding panic-driven decisions.
Lenskart shares in focus as Goldman Sachs, Morgan Stanley, others purchase stake in Rs 1,960 crore block deal
Lenskart Solutions saw significant stake activity as marquee investors bought Rs 1,960 crore in a block deal, with Platinum Jasmine A 2018 Trust paring its holding. Despite recent exits, brokerages remain optimistic about Lenskart's long-term growth, citing its integrated model and international expansion.
AI shift drives Opendoor’s India exit: Here's all you need to know
US real estate firm Opendoor is closing its India operations. Nearly 250 employees in Bengaluru and Chennai will be laid off. This move is part of a major restructuring. The company is integrating artificial intelligence to streamline operations. This shift aims to improve efficiency by consolidating systems and creating smaller, AI-native teams in the United States.
IFAD moves to unlock finance for Northeast India’s agroecology enterprises
Seventeen agroecology businesses from five Northeast Indian states met in Guwahati. They shared ideas and discussed challenges. The event aimed to connect them with investors and stakeholders. This initiative supports building economically viable, agroecology-based businesses. The goal is to link enterprises to markets and strengthen value addition. This will help small-scale producers and rural enterprises grow.
Goldman Sachs, Morgan Stanley and others buy stake in Rs 1,960 crore Lenskart block deal
ADIA-backed Platinum Jasmine A 2018 Trust sold a 2.3% stake in Lenskart through a Rs 1,960 crore block deal. The transaction attracted strong participation from mutual funds, insurers and foreign investors, reflecting continued confidence in the eyewear retailer’s growth prospects.
Parag Parikh Flexi Cap Fund raises stake in ITC, HDFC Bank and 14 other stocks in May
Parag Parikh Flexi Cap Fund, India’s largest active flexi-cap scheme by AUM, raised exposure to ITC, HDFC Bank and 14 other stocks in May, according to PPFAS Mutual Fund’s latest portfolio disclosure. The fund added 4.46 crore ITC shares, taking total holdings to 28.78 crore, while increasing its HDFC Bank position by 47.20 lakh shares.
China firm secures Kenya Airport revamp deal after Adani fallout
Kenya has awarded a $2.9 billion airport upgrade contract to China Communications Construction Co., two years after canceling a deal with India's Adani Group. The project aims to modernize Jomo Kenyatta International Airport, partly funded by a new National Infrastructure Fund and commercial loans. This move strengthens China's infrastructure presence in Kenya amidst regional competition.
Prime Litmus Investment Management launches real estate opportunities fund, a Category II AIF
Prime Securities has launched the Prime Litmus Real Estate Opportunities Fund, a Category II AIF targeting Rs 750 crore with a Rs 250 crore green shoe option. The fund will focus on structured credit investments in under-construction real estate projects across key Indian metropolitan regions, aiming for 18-20% IRRs over six years.
IN-SPACe picks Astrobase, SatSure and TM2SPACE for first funding under Technology Adoption Fund
The three companies are the first beneficiaries under the scheme, which was launched earlier this year. They were chosen after a multi-stage evaluation process involving experts from ISRO, the Department for Promotion of Industry and Internal Trade (DPIIT), the Department of Science and Technology (DST), academia, industry and IN-SPACe, the agency said in a statement on Thursday.
ADIA to sell 2.3% Lenskart stake in Rs 1,944 crore block deal
Abu Dhabi Investment Authority is set to divest a 2.3% stake in Lenskart for approximately Rs 1,944 crore via a block deal. This follows SoftBank's recent Rs 2,873 crore share sale. Despite the sale, ADIA will retain significant holdings, indicating substantial paper gains on its 2023 investment. The move comes after Lenskart's IPO lock-in period expired.
ADIA to sell Rs 1,944 crore Lenskart stake days after SoftBank exit
Abu Dhabi Investment Authority (ADIA) is set to divest up to 2.3% of its stake in eyewear retailer Lenskart for approximately Rs 1,944 crore. This follows a significant stake sale by SoftBank, with the deal structured as a block deal at a slight discount to the current market price.
India attracted $843 billion in FDI between 2014-15 and 2025-26: Official
India has seen a significant rise in Foreign Direct Investment, attracting USD 843 billion between 2014-15 and 2025-26. Key government initiatives like Make in India and PLI schemes have boosted manufacturing and created numerous jobs. The nation's startup ecosystem is also thriving, with over 2.35 lakh recognized startups generating substantial employment.
PE investor BC Investments sells Rs 612 crore stake in Emcure Pharma; Kotak MF picks up stake
Private equity firm BC Investments IV sold a Rs 612 crore stake in Emcure Pharmaceuticals to Kotak Mahindra Mutual Fund at Rs 1,700 per share. Despite this divestment, analysts remain positive on Emcure's growth outlook across its core therapeutic segments.
India, Nepal launch UPI-NPI linkage for real-time cross-border remittances
India and Nepal have unveiled a direct payment link between their respective UPI and NPI systems, revolutionizing cross-border remittances. This partnership by NPCI International and NCHL allows instant, secure, and affordable money transfers via mobile numbers or virtual payment addresses, benefiting families and fostering financial inclusion. The initiative aims to strengthen economic ties and simplify transactions for millions.
SpaceX IPO: 5 Indian mutual funds that can offer exposure to space giant
SpaceX’s planned IPO and potential inclusion in the Nasdaq-100 have renewed investor interest in Indian mutual funds tracking the benchmark. Such funds could gain indirect exposure to the aerospace giant, although fresh investments in several schemes remain restricted due to overseas investment limits.
IMF financial stability chief Tobias Adrian to step down August 31
Tobias Adrian, who led the International Monetary Fund's Monetary and Capital Markets Department through major global challenges, will depart on August 31. Adrian guided the department through events like the COVID-19 pandemic, inflation surges, trade disputes, and conflicts in Ukraine and Iran.
PGIM India Mutual Fund revises subscription limits in its 3 international funds
PGIM India Mutual Fund has revised daily subscription limits for three international funds, effective June 5. Fresh SIPs are capped at Rs 50,000 per day, per investor, per scheme. Existing SIPs and STPs will continue, while new STP registrations will not be accepted after June 4, 2026.
International funds top return charts, but overseas investment limits persist. Should you continue SIPs or explore alternatives?
International mutual funds are leading in returns, driven by global markets and currency gains. However, Indian investors face hurdles due to overseas investment limits imposed by the RBI. Experts advise continuing existing SIPs but caution against new investments. Investors are exploring alternative routes like LRS and GIFT City for global diversification as fund houses restrict inflows.
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