Economic Times

• Record FPI Outflows: Foreign Portfolio Investors (FPIs) have pulled a record ₹89,916 crore from Indian stocks over the last 15 sessions, marking the largest continuous outflow in two decades.
• HDFC Bank Leadership Crisis: Shares of HDFC Bank plummeted following the resignation of Chairman Atanu Chakraborty, who cited "certain practices" that conflicted with his personal values; the RBI has since approved a transition plan.
• L’Oréal’s Strategic Acquisition: Beauty giant L’Oréal is reportedly in talks to acquire the parent company of Bare Anatomy in a deal valued at approximately ₹4,000 crore to strengthen its presence in the Indian premium hair care segment.
• Exporter Relief Scheme: The Indian government has launched the ₹497 crore RELIEF (Resilience & Logistics Intervention for Export Facilitation) scheme to provide credit insurance at pre-conflict rates for exporters hit by the West Asian crisis.
• US-Japan Nuclear Pact: A massive $40 billion nuclear power project has been announced between the US and Japan to bolster clean energy infrastructure.

Business Standard

• QatarEnergy Supply Disruption: A strike on a major gas plant in Qatar is estimated to cost QatarEnergy $20 billion annually and is expected to disrupt global LNG supplies for up to five years.
• IMF Inflation Warning: The International Monetary Fund (IMF) warned that a prolonged increase in energy prices could slash global output and significantly boost inflation, specifically noting that oil prices sustained over $100 could have "significant impacts."
• Trade Pressure on Cuba: Trade with Cuba has seen a sharp decline as the Trump administration ramps up pressure on the nation's leadership, leading to severe fuel crises and power outages on the island.
• Corporate Investments: Nestle India announced an investment of ₹225 crore to set up a new "Munch" production line at its Sanand factory to meet rising domestic demand.

Mint

• Market Meltdown: The Nifty 50 and Sensex both crashed by 3.3% today, with the Nifty closing at 23,002.15; this marks the steepest single-day fall since June 2024 as Brent crude surged to $114 per barrel.
• Rupee at Record Low: The Indian Rupee breached the 93 mark against the US Dollar for the first time in history, ending the day at a record low of 92.89 amid persistent foreign fund outflows.
• Space AI Data Centers: Jeff Bezos’s Blue Origin has formally entered the race to develop AI data centers in space, filing plans for solar-powered satellites that operate free from terrestrial environmental constraints.
• PVR Inox Outlook: Market analysts suggest that the potential success of the film "Dhurandhar 2" may provide a temporary lift to PVR Inox shares, though long-term recovery remains tied to broader consumer sentiment.
• HDFC Bank Volatility: Bearish bets on HDFC Bank have reached record highs as investors react to internal rifts and the sudden resignation of the bank's chairman.

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Tags: Headlines Business News Economic Times Business Standard Mint Top News