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Time:2026-05-31T05:22:49Z

India is projected to add over ₹190 lakh crore in wealth by 2030, attracting global investor attention as the government raises gold import duty to 15% and reconsiders plastic currency notes. In Hong Kong, HKEX revamps its Tech 100 Index to better capture the AI rally, while Lenovo's 159% surge validates its AI pivot, even as Zoho's CEO warns of an 'insane bubble' in AI-driven tech valuations.

India's economic growth and gold import duty hike draw global attention

India's economic growth and gold import duty hike draw global attentionIndia is on track to add over ₹190 lakh crore in wealth by 2030, drawing significant interest from global firms. The government has raised gold import duty to 15% in an attempt to curb the country's strong demand for bullion. Meanwhile, India is quietly exploring the shift from paper to plastic currency notes for greater durability and security.

Sources:
India to add over ₹190 lakh cr in wealth by 2030: Why global firms are taking notice (Business Today)
Government raises gold import duty to 15%: Will it cool India's appetite for bullion? (Business Today)
Plastic over paper: Why India is quietly rethinking the future of currency notes (Business Today)

Hong Kong tech index revamp and AI rally fuel valuation debate

Hong Kong tech index revamp and AI rally fuel valuation debateHKEX has revamped its Tech 100 Index, adding seven firms including Hesai, Geekplus and Deepexi to better reflect the fast-growing AI sector. Lenovo has become the Hang Seng Index's top performer with a 159% gain, driven by optimism around its transformation into an AI platform. However, Zoho's CEO Sridhar Vembu warns that AI-driven tech valuations have entered an 'insane bubble,' casting a shadow over the rally.

Sources:
HKEX revamps Tech 100 Index as benchmark struggles to keep pace with AI rallySeven firms including Hesai, Geekplus and Deepexi join the index as investors question whether local benchmarks reflect fast-rising AI sector. (SCMP)
Lenovo’s status as Hang Seng Index top performer validates AI pushChinese firm’s 159 per cent gain fuelled by optimism about its evolution from a PC-led hardware company to a hybrid AI platform. (SCMP)
'This is an insane bubble': Zoho's Sridhar Vembu sounds alarm on AI-driven tech valuations (Business Today)