Jindal Poly Group company minority shareholders seek forensic audit
The shareholders’ group has sought removal of existing directors Shailendra Sinha, Vinod Kumar Gupta, Sanjiv Kumar Agarwal, Rathi Binod Pal and Sonal Agarwal on the grounds that they did not perform their fiduciary duties.
G-Secs’ likely entry into global indices helps rupee beat EM peers
JP Morgan, which owns a key global bond index, is said to be conducting a review of its constituents this month. Global investors will likely demand India’s inclusion citing concentration risk in China and exclusion of Russian sovereign bonds.
Rising weight in MSCI EM may support Indian equities
At the end of August 2022, India moved to the second spot in the MSCI emerging market (EM) index with a weight of 14.483% replacing Taiwan according to the data from Bloomberg. India now trails China, which accounts for over a third of the weight in the benchmark index. The MSCI EM index is widely […]
Green Energy Push: Adani Group plans to build 3 giant plants
His giga factories, Adani said will extend from polysilicon to solar modules, complete manufacturing of wind turbines and manufacturing of hydrogen electrolysers. Adani had this July said that the group would invest $70 billion in green energy transition and infrastructure projects to become a net exporter of clean energy.