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Record AI fund inflows continue to weigh on India's investment case: EPFR Global
EPFR Global's Cameron Brandt said that enthusiasm around potential IPOs such as SpaceX, OpenAI and Anthropic is supporting flows. Brandt warned that the current AI-driven investment cycle is diverting capital away from India, although the country could benefit as AI applications mature.
AB Group reaffirms bet on Voda Idea with ₹4,730 Cr infusion
Vodafone Idea shareholders approved a ₹4,730-crore investment from the Aditya Birla Group via preferential allotment of warrants, increasing AB Group's stake to around 13%. Chairman Kumar Mangalam Birla stated the company's focus now shifts to execution across operations, customer service, and network expansion. This capital infusion will support capital expenditure and loan repayment, reinforcing Vi's financial health.
Hidden AI India winners add $48 billion on data-center boom
Indian industrial companies are experiencing significant growth by supplying components for data centers. This trend is driven by massive global investments in AI infrastructure. Firms making transformers, cooling systems, and cables are seeing substantial gains. This industrial capex cycle is a major contemporary investment trend. Foreign investors are increasing their stake in these companies.
AI's next winners may lie beyond GenAI, says Natixis economist
Alicia Garcia Herrero, Chief Economist-Asia Pacific and Middle East at Natixis Corporate and Investment Bank highlights aggressive pricing moves by OpenAI, rising pressure from Anthropic and DeepSeek, and explains why future opportunities may lie in satellites, space technology, memory and data centre infrastructure.
Lenskart Solutions sees Rs 1,862-crore block deal; ADIA likely seller
Eyewear retailer Lenskart Solutions experienced a significant block deal valued at Rs 1,862 crore. Abu Dhabi Investment Authority, through its investment vehicle, sold a portion of its shares. This follows a similar stake sale by SoftBank. Despite early investors reducing holdings, Lenskart's revenue surged in the January-March quarter. The company also reported strong full-year financial performance.
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.
After SoftBank, ADIA plans over $200 million Lenskart sell-down
Platinum Jasmine A 2018 Trust, an investment vehicle of the Abu Dhabi Investment Authority, is offering up to 40 million shares, representing approximately 2.3% of Lenskart's outstanding equity.
Centre approves Rs 1,359 crore four-laning of the Nagaur-Bikaner stretch of NH-62 in Rajasthan
The Centre has approved a Rs 1,359 crore project to four-lane the Nagaur-Bikaner stretch of National Highway-62 in Rajasthan. This development under the Build-Operate-Transfer model will significantly improve connectivity in western Rajasthan. The project is expected to boost economic activity, create new investment and employment opportunities, and accelerate industrial and tourism growth in the region.
India could outperform as AI trade cools, but structural challenges remain, say fund managers
Rahul Chadha, Founder & Chief Investment Officer of Shikhara Investment and Prashant Paroda, Portfolio Manager-Emerging Markets at Allspring Global Investments discuss FII outflows, valuation concerns, IT services, data centre opportunities, emerging market allocations and the factors that could drive India's next phase of market performance.
Expert view: A correction possible in the US stock market, says Marcellus Investment Managers' Head of Global Equities
Arindam Mandal from Marcellus Investment Managers says there may be a potential correction in the US stock market. He emphasises the importance of focusing on high-quality, non-tech companies with predictable cash flows, as consumers remain cautious amidst inflation pressures.
Expert view: A correction possible in the US stock market, says Marcellus Investment Managers' Head of Global Equities - Mint
Expert view: A correction possible in the US stock market, says Marcellus Investment Managers' Head of Global EquitiesMint
FPI inflows into FAR securities rise by ₹8,795 crore after tax exemption
Foreign portfolio investors (FPIs) have invested Rs 8,794.743 crore in government securities under the Fully Accessible Route (FAR) after the government exempted them from income tax on interest income and capital gains arising from investments in these bonds. According to data from the Clearing Corporation of India Ltd (CCIL), FPI holdings in FAR securities stood at Rs 3.32 lakh crore on Tuesday, up from Rs 3.23 lakh crore on June 3. FAR allows non-resident investors to invest in specified Government of India dated securities without any investment ceilings. "We can see the optimism from FPIs who nearly invested 75 per cent of the net purchase in G-secs under FAR category recorded during April & May. It also strengthens India's case for inclusion in major global bond indices, such as Bloomberg's sovereign bond index, whose inclusion decision was deferred earlier this year," said Mataprasad Pandey, vice-president at Arete Capital. The government on June 5 promulgated an ordinance