India

Hyundai Motor India Limited (HMIL) has reaffirmed its commitment to Tamil Nadu, declaring the state its flagship electric vehicle (EV) hub for India. In partnership with the Government of Tamil Nadu, the automaker has also launched a specialized skill development initiative aimed at enhancing the global employability of the state's youth.

AirTrunk, the Asia-Pacific data center giant founded by Australian billionaire Robin Khuda and backed by U.S. private equity powerhouse Blackstone, has announced plans for a massive data center development in Maharashtra. The project, valued at approximately ₹2 trillion ($21 billion), will deliver 3 gigawatts of capacity, making it one of the largest digital infrastructure investments in India.

The Indian government has approved a broad package of projects and policy initiatives valued at ₹39,290 crore (approximately $4 billion), aimed at strengthening economic growth, improving transportation networks, and enhancing operational efficiency across key sectors. The measures encompass aviation fuel price management, urban mobility reforms, and major national highway development projects. The investment reflects New Delhi’s continued emphasis on infrastructure-led growth as a driver of economic expansion, job creation, and long-term competitiveness.

US-based investment management giant State Street Global Advisors (SSGA) has secured regulatory approval to acquire a strategic stake in Groww Asset Management Company (AMC), marking a significant development in India's rapidly expanding asset management industry. The transaction will grant SSGA a 4.85 percent voting stake and a 22.94 percent economic interest in the fully diluted share capital of Groww AMC upon completion. The deal has already received approvals from the company's board and the Competition Commission of India (CCI).

The Government of India has increased import duties on gold and certain precious metal products, with the revised rates coming into effect immediately. The move comes at a time when global precious metal markets are experiencing heightened volatility amid geopolitical tensions in West Asia.

According to a statement issued by the Ministry of Finance, gold and silver findings—components used in jewellery manufacturing such as clasps, hooks and other fittings—will now attract an import duty of 5%. Similarly, platinum findings will face a 5.4% import duty.

Indian equity markets witnessed a sharp selloff on Friday, with benchmark indices ending deeply in the red after a late-session plunge driven by MSCI’s May 2026 index rebalancing. The reshuffle prompted significant passive foreign fund adjustments, leading to estimated outflows of up to $1 billion from Indian stocks.