Expresso Business and Finance News Highlights of the Week on 30 June 2024

News Snapshot:

Let’s begin with the major update, Foreign portfolio flows are poised to return to India in the second half of the year, according to a note from top brokerage Jefferies. The note indicates that foreign institutional investors are now seeking new investment opportunities in sectors such as real estate, capital goods, and public sector undertakings. Jefferies highlighted a growing interest among investors in India, fueled by the country’s projected 7% GDP growth and a market capitalization target of $5 trillion. The brokerage observes that emerging market funds are currently “neutral” to slightly “underweight” on India due to high valuations, recent...