🏦 Economy/Policy
• Top 10% own two-thirds of India’s wealth 💰📊
Bottom 50% hold just 6.4%.
• ADB lifts India’s FY26 growth forecast to 7.2% 📈💹
Upgrade driven by stronger consumption trends.
• Rupee hits record low at 90.15/USD 🏦📉
Decline driven by FII outflows and global uncertainty.
• India’s semiconductor rollout accelerates 🏭💹
Fab projects (Tata-PSMC, HCL-Foxconn, SiC Odisha) target 2027–28 launch.
🏢 Companies
• Amazon to invest ₹35,000 Cr in India by 2030 💰📦
Focus on digital expansion and export growth.
• Oracle misses forecasts; shares fall 10% 📉💻
Weak outlook and higher expenses pressure performance.
🌍 Global/World
• US Fed cuts rates by 25 bps 🇺🇸💹
Third cut of 2025 sets policy range at 3.5–3.75%.