IFC Bets Big on India
Your daily dose of business news
🗞️ IFC Invests $60M in Motilal Oswal Fund
The International Finance Corporation (IFC) has committed $60 million to Motilal Oswal Alternates' fifth private equity fund of $750 million. The fund targets mid-market Indian companies in healthcare, consumer, and financial sectors.
💬 Expert Take:
“IFC’s move signals rising global investor appetite for India-focused private equity,” says Nirav Doshi, partner at OakBridge Capital.
🗞️ Asian Paints Sees Block Deal Worth ₹2,389 Cr
Reliance-owned stake in Asian Paints was reduced via an 85 lakh share block deal, valued at ₹2,389 crore. The shares were sold at ₹2,810 apiece — a 1.5% discount to market price.
🗞️ Gold Drops to ₹98,825 Amid Geopolitical Uncertainty
MCX gold prices dropped 1.44% to ₹98,825 as early gains faded due to uncertainty in the Middle East and strengthening U.S. dollar.
💬 Expert Take:
“Gold remains volatile as investors juggle between geopolitical fears and Fed rate speculation,” notes Ankita Desai, Commodity Strategist at FinMet.
🗞️ Bata Appoints Panos Mytaros as Global CEO
Panos Mytaros has taken over as CEO of Bata Group, replacing Sandeep Kataria. Mytaros brings over two decades of experience from fashion and retail sectors.
🗞️ India’s May Trade Deficit Narrows to $21.88 Billion
India’s merchandise trade deficit for May 2025 narrowed to $21.88 billion, down from $23.78 billion in April. Exports were valued at $38.13 billion, while imports stood at $60.01 billion.
🗞️ India Among Top 5 Trading Partners for Iran & Israel
Despite ongoing conflict, India remains a major trading partner for both Israel and Iran, with bilateral trade touching over $12 billion annually with each country.
🗞️ India to Export 150 Locomotives to Africa
India will export 150 locomotives worth ₹3,000+ crore to African countries. The deal strengthens India’s economic diplomacy and railway engineering exports.
🗞️ Airbus Aims to Expand A220 Jet Output
Airbus is preparing to expand capacity for its A220 jets despite soft demand. The plan includes boosting efficiency and making production more cost-effective.
📊 Market Updates
📈 Sensex: 81,796.15 ▲ +677.55 (+0.84%)
📈 Nifty 50: 24,946.50 ▲ +227.90 (+0.92%)
💵 USD/INR: ₹86.06 ▼ slight rupee gain
🛢️ Brent Crude: $75.18 ▲ +2.7% weekly
🪙 Bitcoin: ~$105,885 ▶ steady
🪙 Gold (24K): ₹10,151/gram ▲ marginal rise