MSCI Inc may add Cummins India and IDFC First Bank to its global index in its quarterly review. If included, it could result in inflows of $108m and $101m to each respectively. Astral and Power Finance Corporation could also be included, however, the probability is significantly lower. MSCI’s announcement is due on 10 August, with changes coming into effect from 1 September.
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.