🗞️ Gulf Sovereign Funds Double Down on India
According to the Economic Times, sovereign wealth funds from the Gulf have significantly increased investments into India in 2026, backing sectors such as infrastructure, renewables, logistics, financial services, and technology.
The growing inflows reflect India’s rising appeal as a long-term investment destination amid global economic uncertainty.
💬 Expert Take — “Patient sovereign capital is often a strong vote of confidence. These investments typically target long-term structural themes rather than short-term market cycles.”
🗞️ Cult.fit Files for ₹2,700+ Crore IPO
Fitness and wellness platform Cult.fit has filed its DRHP with SEBI for an IPO comprising a ₹950 crore fresh issue and an ₹1,786 crore offer for sale.
The listing adds to the pipeline of new-age companies tapping India’s capital markets.
💬 Expert Take — “India’s IPO market continues to diversify beyond financials and manufacturing, with consumer-tech companies returning as public market sentiment improves.”
🗞️ India-Indonesia Trade Crosses $38 Billion
Trade between India and Indonesia has expanded more than nine-fold to $38.84 billion, highlighting stronger economic ties between the two nations.
The growth has been driven by energy, commodities, manufacturing, and expanding bilateral cooperation.
🗞️ FPIs Pull Out ₹49,340 Crore in June
Foreign Portfolio Investors sold Indian equities worth ₹49,340 crore in June as global uncertainty and risk aversion continued to weigh on emerging markets.
Despite the outflows, domestic institutional investors helped cushion the impact on Indian equities.
🗞️ Swiggy Rallies on Domestic Ownership Milestone
Swiggy shares rose over 6% after domestic ownership crossed 50%, bringing Instamart closer to operating under an inventory-led model.
The development could provide greater operational flexibility for its quick-commerce business.
🗞️ EPF Contributions Above ₹1,800 Become Voluntary
The Labour Ministry has made EPF contributions beyond ₹1,800 voluntary under revised rules.
The move provides employers and employees with greater flexibility in provident fund contributions.
🗞️ Leather Exports Target $15 Billion
Commerce Minister Piyush Goyal has urged India’s leather and footwear industry to target $15 billion in exports over the next five to six years.
The government sees the sector as a major source of employment and export growth.
🗞️ Government Launches Cochin Shipyard OFS
The Centre has announced plans to sell a 5% stake in Cochin Shipyard through an Offer for Sale (OFS) at ₹1,400 per share.
The stake sale forms part of the government’s broader disinvestment programme.
📊 Market Update
📉 Sensex: 78,180.72 ▼ 104.35 (-0.13%)
📉 Nifty 50: 24,398.70 ▼ 31.65 (-0.13%)
🪙 Gold (per gram)
24K: ₹14,526 ▼ ₹136
22K: ₹13,315 ▼ ₹125
18K: ₹10,894 ▼ ₹103
🥈 Silver: ₹2,45,000/kg