India's Finance Minister Nirmala Sitharaman announced new measures to attract foreign capital, including expanded access to government securities and tax exemptions. These steps aim to bolster forex reserves and support the rupee amidst geopolitical crises and rising import costs for oil and fertilizers.
Meta is unwinding its $2 billion acquisition of AI startup Manus following an order from Chinese regulators. The company has halted data sharing and operational ties, a move driven by China's tightening control over technology amid US competition.
The Financial Supervisory Service (FSS) urged securities firms to strengthen internal controls to prevent investor harm from irresponsible sales practices amid increased market volatility. The FSS emphasized investor protection, particularly regarding foreign exchange risks in overseas investment brokerage and advertising.
China's State Council has introduced new regulations, effective July 1, to enhance control over overseas investments involving Chinese investors, technology, data, and national security. The rules aim to prevent strategic assets from being transferred to foreign entities and provide a legal basis for China to nullify completed overseas deals, impacting tech and AI sectors.
Indian companies significantly increased overseas direct investments in April, reaching $3.37 billion, more than double the previous month's $1.61 billion. Equity investments led the surge, with Coforge being the largest investor. Investments spanned various sectors and regions.
