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India readies USD 1 bn sell-down
Middle East crisis threatens India's auto exports | IndiGo posts USD 270 mn 4Q loss | Incoming, second Adnoc LNG tanker
Monday, 1 June 2026
Sell down
The Indian government is planning a USD 1 bn sale of its 2% stake in a major financial institution. This move comes amid a foreign investor sell-off and will serve as a key test of whether large public-sector brands can still attract Gulf investors despite current bearish market sentiment.
Today at a glance
India Focus
Investment Watch
The Big Story
India plans USD 1 bn LIC stake sale in major test of market appetite
The LIC sale would be the government’s first major sell-off…
IPOs
India plans USD 1 bn LIC stake sale in major test of market appetite
The LIC sale would be the government’s first major sell-off of the insurer since its listing in 2022
INDUSTRIES
Automotive
India’s auto export engine runs into Gulf route risk
India’s passenger vehicle exports entered FY 2027 on a strong…
Aviation
IndiGo posts surprise loss of USD 270 mn in 4Q FY 2026
Shares of the airline have fallen nearly 13% this year
Banking
THIS AFTERNOON: Emirates NBD advances RBL takeover; Brics splits over Iran war
Plus: RBI tightens outbound checks as FX pressure builds
Construction
L&T 4Q earnings flatline as war in Middle East threatens revenue targets
The Indian engineering giant is bracing for supply chain delays…
Energy
Fourth fuel hike in India surges retail fuel prices by nearly 8% in 10 days
Diesel is now up 8.6% and petrol 7.8% since 15…
Financial Services
SBI pauses new Gulf lending as Iran crisis drags on,
SBI has paused new GCC business until there is more…
Startups
Instant home services boom lifts Pronto’s valuation
The company is betting on speed-led, low-ticket services to build…
POLICY
Fuel austerity and import curbs: India scrambles to stem the Iran war fallout
From mandating virtual meetings at state banks to electrifying commercial…
THIS AFTERNOON: Supply shocks and cost pressures slow manufacturing expansion
Plus: India scraps duties on 40 petrochemicals to steady supplies