India has overtaken China in the MSCI EM Investable Market Index and is close to becoming the largest weight in the more popular EM index. This shift indicates increased foreign investment flows into Indian equities, driven by improving free float and rising relative earnings.
UltraTech Cement targets double-digit growth for FY26
The company’s net profit increased 10% year-on-year to ₹2,482 crore and revenue from operations grew 13% to ₹23,063.3 crore in the March 2025 quarter. Sales