IndusInd International Holdings (IIHL) has set its sights on a new Rs 4.2 lakh crore target that it plans to fulfil by 2030, the Economic Times of India reported. Under the new plan, IIHL is looking to set up a banking, financial services, and insurance portfolio worth $50 billion (Rs 4.2 lakh crore) by 2030. This is including its investment in IndusInd Bank, apart from the new businesses under Reliance Capital, which IIHL won in insolvency proceedings.

Japan’s labor shortage remains a serious issue with 51% of companies reporting that they did not have enough employees, according to survey results released last week, the Japan Times reported. As the labor market continues to shrink, companies have raised worsening labor shortages as one of the biggest concerns that could cause their performances to decline, with 313 companies having gone out of business in the fiscal year of 2023 as a result.

The Reserve Bank of New Zealand has limited scope to cut interest rates this year and shouldn’t ease policy until it’s sure inflation will return to target, according to the Organisation for Economic Cooperation and Development, Bloomberg News reported. "Inflation is likely to be persistent,” the OECD said in its Economic Surveys: New Zealand 2024 report published Monday in Wellington.

Hong Kong’s securities regulator has started criminal proceedings against hedge fund management firm Segantii Capital Management, the firm’s founder and a former trader over insider dealing, the Wall Street Journal reported. The city’s Securities and Futures Commission said Thursday that it had begun proceedings against Segantii founder Simon Sadler and Daniel LaRocca, a former trader for the firm. It said no plea was taken by defendants in an appearance before a Hong Kong court, with the case subsequently adjourned to June 12.

The National Company Law Tribunal (NCLT) approved Shree Naman Developers' acquisition of real estate developer Radius Infra Holdings with a resolution plan that will help settle 81% of secured financial debt of the company, the Economic Times of India reported. The financially distressed Radius Infra Holdings was admitted into the corporate insolvency resolution process (CIRP) in May 2022. The defunct builder had admitted liabilities of about ₹1,050 crore, while the successful resolution applicant agreed to pay ₹180 crore to acquire the company.

Turkish annual consumer price inflation climbed to 69.8% in April, official data showed on Friday, a bit below expectations but the highest since late-2022 on strong rises in education, restaurants and hotels prices, Reuters reported. Commenting on the figures, Finance Minister Mehmet Simsek said April's month-on-month inflation, which was 3.18%, was in line with expectations. In March it stood at 3.16%. "After annual inflation reaches its peak in May, it will begin to decline sharply in line with our predictions," Simsek said on social media platform X.

Japan’s finance minister declined to confirm whether Japan stepped into the market to support the yen with intervention earlier this week, keeping traders guessing, Bloomberg News reported. “I’m not commenting on it,” Finance Minister Shunichi Suzuki said in response to a question about whether Japan intervened earlier this week. Suzuki was speaking at a press conference in Tbilisi, Georgia, where he attended a series of international gatherings including the Asian Development Bank’s annual meeting.

Australia plans to wipe out about A$3 billion ($2 billion) from student loans, cutting the debt of more than three million people, as the country continues to grapple with inflation and cost-of-living pressures, Bloomberg News reported. The center-left Albanese government announced the measure in its monthly budget on Sunday in hopes that it would ease economic pressure on workers and students, said Minister for Education Jason Clare in a statement.

Go Airlines India Ltd., which has been grounded for a year after filing for insolvency, risks having its entire fleet of aircraft repossessed in a further blow to any chances of a revival for the Indian carrier, Bloomberg News reported. India’s regulator, the Directorate General of Civil Aviation, deregistered the company’s fleet of 54 leased Airbus SE A320neo aircraft, according to people familiar with the matter, who asked not to be identified because the matter is private.