Sun Jun 29 16:30:00 UTC 2025: Here’s a summarized news article based on the provided text, focusing on key events and themes:

**The Economic Times: Business and Global News Highlights**

**New Delhi –** The Economic Times Prime offers comprehensive coverage of business, finance, and global affairs. Key developing stories include:

* **Business & Finance:** Analysis on index fund performance, the appeal (or lack thereof) of PSU stocks, and cautionary notes on investing in unlisted shares. Discussions around Vedanta’s investment returns, potential impacts of Adani’s US indictment, and a falling rupee’s impact on the Indian economy are also highlighted. The renewed acquisition interest from companies like Reliance and L&T, and China’s moves in the global bond market with sales in Saudi Arabia.

* **Global Affairs:** Tensions are escalating in the Middle East, with Houthis launching ballistic missiles at Israel and Israel responding with strikes in Lebanon. Iran is mourning the loss of commanders in Israeli strikes. Focus on the potential for a 2025 standoff related to oil and the Hormuz Strait, as well as Huawei’s attempt to challenge Google and Apple with its own OS. There is also discussion of Trump’s views on H-1B visas potentially impacting Indians working in the US.

* **Domestic News:** Tragedy struck with a stampede in Puri resulting in fatalities and injuries. The article also touches on a light-hearted moment between the Prime Minister and Shubhanshu Shukla. The functioning of India’s air accident watchdog is coming under increased scrutiny.

* **ET Prime Subscription Benefits:** Subscribers gain access to in-depth analysis, the ET ePaper, stock insights, expert Q&A, and access to other premium subscriptions.

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