Quick 2 min read summary below:
- Dow Jones surpassed 40,000 for the first time, driven by strong earnings.
- U.S. inflation showed signs of cooling in April, raising hopes for interest rate cuts.
- Indian markets influenced by election outcomes; retail and HNIs optimistic about NDA's victory, while FPIs remain cautious.
- Significant foreign withdrawal from Indian stock markets in May.
- Indian bond markets showed stability but were influenced by global rates and crude oil prices.
- RBI warned NBFCs about the risks of over-reliance on algorithm-based credit models.
- Supreme Court ruled that advocates are not liable under the Consumer Protection Act for service deficiencies, marking a significant legal precedent and opening a Pandora’s box for other professionals.
- SEBI plans to tighten regulations for SMEs on its SME platform due to misuse concerns; Proposed changes include higher minimum public offer sizes and increased disclosure requirements.
- SEBI also proposed allowing mutual funds to invest in overseas funds holding Indian securities and relaxed its KYC norms to simplify processes for investors.
- SEBI has mandated that at least one key member of the investment team in AIF should complete NISM XIX C certification exam.
- UN predicts India's economy will grow by 6.9% in 2024 and 6.6% in 2025.
- Urban unemployment slightly decreased, while female labour force participation increased.
- India’s trade deficit widened due to a significant increase in imports, especially gold.
Private Equity/Venture Capital:
- Funding across stages in April 2024 was higher than the previous year, with a notable increase in late-stage funding.
- Funding for female founders decreased, highlighting a growing gender disparity in VC funding.
Suggest reading detailed blog with data points >> https://bit.ly/Weekending18thMay
