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Maharashtra, Kerala, and Tamil Nadu have emerged as the top recipients of remittances from overseas Indians, amounting to $118.7 billion in FY24. The shift in dominance from the Gulf countries to advanced economies like the US, UK, and Australia highlights a significant trend, with digital channels reducing transfer costs and playing a major role.

India s insurance regulator has appointed five new key members to its Insurance Advisory Committee (IAC), including leaders from banking, asset management, and insurance sectors, aiming to shape future regulations. The IAC will submit its report in three months, with a new draft bill suggesting an FDI increase to 100% and a composite licence framework.

The National Housing Bank has instructed home financiers to cease mis-selling bundled insurance policies with housing loans. NHB mandates explicit customer consent and multiple insurance options to ensure transparency and fair competition, following numerous complaints of uninformed borrowers and mismatched policy tenures.

The NSE Nifty rose 283.05 points, or 1.24%, to close at 23,190.65. The BSE Sensex rose 899.01 points, or 1.19%, to end at 76,348.06. So far this week, the Nifty has gained 3.5% and is on course to clock its highest weekly gain since July 2022.

Trump s post Wednesday evening comes as his administration prepares to unveil a fresh wave of tariffs, which Federal Reserve Chair Jerome Powell signaled was hanging over forecasts.

The information technology (IT) sector witnessed the highest outflows at ₹6,934 crore after receiving flows worth ₹805 crore in February. In 2024, foreign investors pumped over ₹14,000 crore into the sector.

Kutch Copper, a wholly-owned subsidiary of group incubator and flagship, Adani Enterprises, has formed a joint venture with Praneetha Ventures to manufacture and sell metal products, wires and cables.

Founders of new-age technology companies often receive Esops, or equity-linked instruments over cash-based remunerations, in formative years. This also aligns their interest with the other shareholders in the company. As typically, when these companies raise investments the founders shareholding in the company gets diluted.

For private placement of units of InvITs and REITs above ₹1,000 crore, issuer has to access the EBP platform for such issuances, it said in a consultation paper on Thursday. Further, the green shoe portion in issues should not exceed three times the base issue size, the regulator said.

Shares of IT stocks TCS, HCL Tech and Infosys will be in focus after global peer Accenture raised the lower end of its annual revenue forecast on Thursday, betting on growing demand for its services to help clients integrate AI-powered tools into their operations.