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India's Smartphone PLI Scheme: A Model for Industrial Policy Success
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Indian Rupee Rises on Lower Crude Oil Price Expectations and Easing Middle East Tensions
The Indian Rupee strengthened by 15 paise against the US dollar on Tuesday, opening at 95.33 and reaching 95.28. This rise was attributed to lower crude oil price expectations, particularly Saudi Arabia's significant price cut for Asian buyers, and reduced Middle East risk premium.
India's Office Leasing Hits Record High in H1 2024, Driven by GCCs and Flexible Workspaces
India's office leasing reached a record 45.5 million sq ft in Jan-June 2024, a 10% increase from the previous year. Demand was fueled by Global Capability Centres and flexible workspace operators, with supply also hitting an all-time high.
India's EPF Modernizes with Employees' Provident Funds Scheme, 2026
India's EPF Scheme, 2026 modernizes social security with continuity for existing members and a clearer framework for new ones. Key changes include increased flexibility for voluntary contributions and a longer waiting period for premature withdrawals.
South Korean Stocks Tumble as AI Rally Falters
South Korea's benchmark KOSPI index plunged over 7% on Tuesday, erasing recent gains driven by AI optimism. Investors rushed to lock in profits after Samsung Electronics announced strong quarterly earnings, triggering a broad sell-off in tech stocks. The market experienced trading suspensions and significant drops in major companies like Samsung Electronics and SK Hynix.
