ESG funds, despite charging higher fees for supposedly rigorous screening, face scrutiny for holding shares of Adani Green Energy. This comes after US prosecutors charged Gautam Adani with bribery, alleging a scheme to secure solar energy contracts. Critics argue that the situation exposes flaws in ESG assessments, particularly concerning governance in emerging markets.
FPIs net sell domestic equities worth Rs 26,533 crore in November so far
In October, FPIs sold shares worth Rs 94,017 crore after a September purchase, where FPIs bought domestic equities worth Rs 57,724 crore. While in August,
November 23, 2024