Global Firms Ramp Up Investment in India

Several global companies are increasing their investments in India across technology, healthcare, and financial sectors. Reliance Jio plans a satellite internet service to compete with Starlink, while KKR is eyeing a stake of at least $1 billion in Medicover's India hospital arm. Pictet and Neuberger are boosting their exposure to Indian bonds, and Morgan Stanley and Temasek are set for a big payday from NSE's India IPO. These moves come as India's energy import bill jumped 82% due to high oil prices, even as domestic pump prices remain unchanged despite falling global crude.