Coromandel International and One 97 Communications may join the MSCI Global Standard Index. FSN E-Commerce and Adani Energy Solutions are also strong contenders. Nuvama Alternative Research predicts these changes. Thermax and Sona BLW Precision could be excluded. These adjustments will trigger significant fund reallocations. The announcement is expected on May 14. Changes will take effect on May 30.
Tamilnad Mercantile Bank Q1 profit jumps 35% on strong income growth
Tamilnad Mercantile Bank reported a 35% year-on-year rise in June quarter net profit to Rs 412 crore, driven by higher income and net interest income.