However, since 2013 – when the idea of index inclusion was first floated – the Indian authorities have made steady progress in facilitating foreign investment into IGBs. The announcement of IGBs inclusion in JP Morgan’s GBI-EM Global Diversified (GBI-EM-GD) Index is an acknowledgement of that progress from the global investors.
Cochin Shipyard shares tumble 8% as Q2 profit falls 50% YoY despite revenue growth
Cochin Shipyard shares fell sharply on Wednesday after the company reported a nearly 50% year-on-year decline in Q2 FY27 net profit to Rs 54 crore.