One of the market's most popular ESG index providers says it will speed up its review of companies, after it failed to address allegations of poor governance at the Adani Group companies as quickly as
The reversal of the updates to Adani Total Gas and Adani Transmission in the February index review will be reflected in the MSCI Index Product files starting from Feb. 16, MSCI said
Market participants complain about stringent trading measures on some frontline stocks
Business Standard brings you the top headlines at this hour
MSCI Inc. will release the results of a quarterly review for its ESG and climate indexes this week, the first since a short-seller attack on the Adani Group triggered a $100 billion selloff
Changes to become effective on Feb 28; move triggers fresh selloff
CLOSING BELL: HCL Tech (down 2.7 per cent), Tata Steel, Reliance Industries, Wipro, ITC, ICICI Bank, Infosys, and HUL were top Sensex losers
MSCI said it had reduced the free floats of Adani Enterprises, Adani Total Gas, Adani Transmission and the Associated Cement Companies, the report said
Index provider MSCI said on Thursday it had determined that some Adani securities should no longer be designated as free float after market participants raised concerns about the eligibility
Adani Enterprises locked 10 per cent lower circuit, while Adani Ports, Adani Power, Adani Transmission, Adani Total Gas, Adani Green Energy and Ambuja Cements were down up to 6 per cent
Index provider MSCI said on Thursday it has received feedback from a range of market participants concerning specific securities associated with the Adani Group
Red-hot Taiwanese market, Adani rout erode India's weighting
The brutal selloff induced by the report has not only had an impact on Gautam Adani's personal wealth but also reduced India's weighting in MSCI's emerging-market benchmark
Adverse feedback could lead to reduction in weightage of Adani stocks in MSCI indices
A decisive transition may help pull consumer and business sentiment away from near-record lows, shake the property market out of its slumber and accelerate auto sales
Deal could add to asset manager's investability weight in MSCI and FTSE indices, lead to higher foreign inclusion factor, they say
Economic recovery likely to be bumpy as earnings pressure continues, says brokerage
Domestic unit has shed over 9% versus the greenback so far in 2022; latest weakness came despite softer dollar index and strength in Asian currencies, led by a firm Chinese yuan
The rupee closed at 81.43 per US dollar on Wednesday as against 81.72 per dollar on Tuesday
The price-to-earnings (P/E) for the industrial and consumer staples sectors has more than doubled that of other Asian markets