Daily brief
A US-India investor consortium has purchased the Indian Premier League cricket team Royal Challengers Bengaluru for approximately $1.78 billion. The group includes the Aditya Birla Group, the Times of India Group, Bolt Ventures, and Blackstone. The high-value transaction is part of a trend ahead of the 2026 IPL season.
India-bound LPG tankers are crossing the Strait of Hormuz amid ongoing Gulf conflict (ongoing coverage).
India's Reliance has reportedly purchased 5 million barrels of Iranian oil after receiving a temporary US waiver.
Goldman Sachs has cut its growth forecast for India and warned that currency strain could force a rate hike.
Manipal Health Enterprises, backed by Temasek, has filed for an initial public offering in India aiming to raise $1.5 billion.
by WorldBrief & Maksim Micheliov | AI-generated summary