Six state-run lenders, State Bank of India Ltd., Bank of Baroda Ltd., Punjab National Bank Ltd., Canara Bank Ltd., Union Bank of India Ltd., and Indian Bank Ltd., are likely to receive passive MSCI inflows to the tune of $1 billion, in case the proposal to increase the FII limit in these banks is increased to 26% from 20% currently.
Economy
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CNBC TV1822-01-2026, 20:17

Prosus Eyes $50 Billion India Investment, Backing Swiggy, Ixigo, and AI Growth

  • Global investor Prosus plans to increase its India investments to $50 billion over the next four years, up from the current $10 billion, citing India's strong economic growth and technological adoption.
  • Prosus CEO Fabricio Bloisi highlighted India's 7.5% growth, its status as the fourth-largest economy, and its advanced use of technology in digital identity and payments.
  • The company's portfolio firms like PayU, Misho, and Urban Company have seen IPOs, validating Prosus's 'ecosystem thesis,' with more IPOs expected in 2026.
  • Prosus is focusing on Artificial Intelligence, planning an AI lab in India in 2026 and collaborating with the Indian government on the 'AI for All' initiative.
  • Bloisi noted improved profitability in consumer internet businesses, with PayU and Swiggy's core food delivery becoming profitable, and expressed confidence in quick commerce despite regulatory scrutiny.

Why It Matters: Prosus plans to significantly boost its India investments to $50 billion, focusing on tech, AI, and ecosystem growth.

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