ICICI Bank plans to increase its stake in ICICI Prudential AMC by up to 2% to maintain majority control amidst potential equity dilution from stock-based compensation. The bank's board has approved the purchase, pending regulatory approvals. Additionally, the board approved granting voting rights to American Depository Shares holders, subject to RBI approval and compliance with banking regulations.

Govt to ramp up rare earth magnet manufacturing to counter China's export curbs
https://timesofindia.indiatimes.com/business/india-business/indias-rare-earth-magnet-push-government-industry-academia-join-forces-to-ramp-up-manufacturing-move-to-counter-chinas-export-curbs/articleshow/122110640.cms

India is intensifying domestic rare earth magnet production amid China's export restrictions, impacting sectors like automobiles and electronics. The government, industry, and academia are collaborating to achieve competitive pricing, with technology transfer agreements underway. This push aims to build scalable infrastructure and reduce reliance on Chinese imports, ensuring supply chain resilience during global disruptions.

Unlisted frenzy: Zerodha's Nithin Kamath warns retail investors as HDB IPO, CSK shares lure crowds; Sebi alert add to caution
https://timesofindia.indiatimes.com/business/india-business/unlisted-frenzy-zerodhas-nithin-kamath-warns-retail-investors-as-hdb-ipo-csk-shares-lure-crowds-sebi-alert-add-to-caution/articleshow/122111184.cms

Zerodha's Nithin Kamath cautions retail investors about the unlisted shares craze, highlighting significant risks like lack of price discovery and liquidity. He points to HDB Financial Services' IPO as an example where valuations crashed below unlisted trade levels, burning early investors. SEBI has also flagged unregulated platforms facilitating these transactions, warning against violations.

Gold shines bright! Several life insurers want IRDAI to allow gold ETF investments; 30% returns in 12-months
https://timesofindia.indiatimes.com/business/india-business/gold-shines-bright-several-life-insurers-want-irdai-to-allow-gold-etf-investments-30-returns-in-12-months/articleshow/122110351.cms

Life insurance companies are seeking regulatory approval from Irdai to invest a portion of their ULIP assets in gold ETFs, driven by rising gold prices and the need for portfolio diversification amid lower returns from traditional investments.

India’s thermal coal intake from Russia hits 2-year high: Report
https://timesofindia.indiatimes.com/business/india-business/indias-thermal-coal-intake-from-russia-hits-2-year-high-flexible-pricing-fuel-quality-boost-volumes-report/articleshow/122111925.cms

India's thermal coal imports from Russia surged 52% in May 2025, reaching a two-year high due to competitive pricing and higher-grade coal. While Russian coal imports increased, India's overall coal imports dropped by 7.9% in FY25, driven by rising domestic production and a focus on energy self-reliance. High-grade imports remain essential for key sectors.

Trade pain, stock gain: Nike shares jump 15% as it shifts production from China; braces for $1 bn tariff blow, price hikes ahead
https://timesofindia.indiatimes.com/business/international-business/trade-pain-stock-gain-nike-shares-jump-15-as-it-shifts-production-from-china-braces-for-1-bn-tariff-blow-price-hikes-ahead/articleshow/122115737.cms

Nike shares rose after announcing a production shift from China. The company anticipates tariff costs of $1 billion. Price increases are expected in the US this fall. Nike aims to reduce Chinese footwear production to single digits by 2026. Trade agreement details between the US and China remain unclear.

Port squeeze: India curbs cetrain jute imports from Bangladesh via land, allows only Nhava Sheva port access
https://timesofindia.indiatimes.com/business/india-business/port-squeeze-india-curbs-cetrain-jute-imports-from-bangladesh-via-land-allows-only-nhava-sheva-port-access/articleshow/122116792.cms

India has restricted imports of specific jute and woven fabric products from Bangladesh to the Nhava Sheva seaport, escalating trade tensions. This decision, effective immediately, follows concerns over controversial remarks by Bangladesh's interim leader and growing ties with China and Pakistan. The move marks the third trade curtailment in recent months, impacting a bilateral trade relationship valued at $12.