Shares of JSW Energy rose nearly 2 per cent after it announced its inclusion in the FTSE4Good Index Series
JSW Energy on Wednesday announced its inclusion in the FTSE4Good Index Series. Created by the global index and data provider FTSE Russell, the FTSE4Good Index Series is designed to measure the performance of companies demonstrating strong environmental, social and governance (ESG) practices, JSW Energy said in an exchange filing. JSW Energy announces that it has been included in the FTSE4Good Index Series. The FTSE4Good indexes are used by a wide variety of market participants to create and assess responsible investment funds and other products, it added. FTSE Russell evaluations are based on performance in areas like Corporate Governance, Health & Safety, Anti-Corruption and Climate Change. Businesses included in the FTSE4Good Index Series meet a variety of environmental, social and governance criteria. Sharad Mahendra, Joint Managing Director and CEO of JSW Energy, said, "The company has set an ambitious target to achieve carbon neutrality by 2050 and aims to scale up to 30 GW .
Trent and BEL's entry into the BSE Sensex may drive $708 million in passive inflows, while Nestle and IndusInd Bank face outflows following their exclusion, per Nuvama estimates
Shares of Eternal fell over 4% on reports of passive outflows following index weightage cuts by global index providers FTSE Russell and MSCI
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In March review, FTSE had deferred inclusion of Indian bonds in its index due to taxation, registration and settlement issues but acknowledged India's progress in the accessibility of the securities
Kotak Mahindra Bank, ICICI Bank, and Tata Technologies saw changes in their weightage in the FTSE All-World Index, which rose 1.8, 3.8, and 5.1 per cent, respectively
Friday's data showed a sharp slowdown in US job growth, raising fears of deterioration in American labour market and potential recession, prompting bets for a half-point interest rate cut in September
The blue-chip FTSE 100 ended the session up 0.5%, notching a record high of 20,491.99 points
Diageo shares rose by more than 1.5% in early trading, outperforming the FTSE 100 index
Indian bonds have seen foreign inflows of nearly $10 billion over the last six months
In the past one year, shares of Tata Motors have been in top gear and have outperformed all stocks that comprise the Nifty Auto index with a rise of nearly 131 per cent during this period, shows data
Based on free-float market capitalisation in the FTSE All-World index, which spans the investable universe for a global investor, the US market accounts for a staggering 60.5 per cent of total value
Two-wheeler major Bajaj Auto has set February 29 as the record date for its Rs 4,000 crore buyback
The banks index shed 2.3% and ended the week 5.4% lower.
Indian government bonds and the local currency took the news in their stride.
India is not planning any changes to its tax regime to help Indian government bonds be included on other global indices, a government source said on Wednesday
India and Switzerland have been on watch since 2021 for possible inclusion in the FTSE Emerging Markets Government Bond Index (EMGBI) and World Government Bond Index (WGBI) respectively
Key index providers such as MSCI, FTSE, and the homegrown Nifty undergo quarterly, or semi-annual rejig of their indices. Read more to find out what it means and how it affects stocks
Move follows sustained dip in FPI holding in the counter; IDBI Bank, Patanjali among other stocks to get in