PF

Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), has approached India’s Competition Commission to secure approval for its proposed acquisition of a stake in Olam Agri Holdings. The move reflects PIF’s growing appetite for global agribusiness investments, as it aims to diversify beyond oil and reinforce food security strategies. Olam Agri, a key subsidiary of the Singapore-based Olam Group, plays a vital role in international food supply chains.

In a remarkable indicator of formal employment expansion, the Employees’ Provident Fund Organisation (EPFO) added a record 20 lakh new members in May 2025 — the highest monthly addition to date. This surge reflects the continued formalization of India’s labor market, driven by strong economic activity, digital onboarding, and increased awareness about social security benefits. A majority of the new enrollees are in the 18–25 age group, pointing to a steady influx of young workers into the formal economy.