MUMBAI – HDFC Bank’s investability weightage in FTSE Emerging All Cap index has increased to 1.52% from 0.81%, following the merger of parent Housing Development Finance Corporation. However, the weightage will be implemented in three tranches by March 2024, index aggregator FTSE Russell said. The first tranche will be implemented in the September index review, … Read more
NEW DELHI: After being a rare oasis among all major troubled stock markets in 2022, Nifty is decoupling once again in 2023 but in reverse mode. As most major markets try to regain lost ground this year, India’s heartbeat index has turned into the worst performer with foreign institutional investors or FIIs dumping Indian stocks … Read more
Good morning, and welcome to our live rolling coverage of business, economics and financial markets. The cost of living crisis has knocked UK consumer confidence down to its lowest level since the pandemic, as rising food and energy bills hammer families. There has been a “significant and sustained drop-off in consumer sentiment”, leading to the … Read more
Mumbai: The removal of the Russian markets from MSCI and FTSE indices will not benefit Indian or other emerging markets (EMs) much, according to analysts. MSCI and FTSE Russell have announced deleting Russian equities at zero value from all the global and regional indices. “With the ongoing restrictions, FIIs (foreign institutional investors) are not allowed … Read more
Chinese regulators have already ordered Ant to separate the back end of its two lending businesses, Huabei, which is similar to a traditional credit card, and Jiebei, which makes small unsecured loans, from the rest of its financial offerings and bring in outside shareholders. Now officials want the two businesses to be split into an … Read more
Rolling coverage of the latest economic and financial news Introduction: US jobs report coming up China’s service sector shrank last month Government urged to ‘get a handle’ on supply chain crisis 8.40am BST Japan’s Topix stock market index has hit a 30-year high today, after prime minister Yoshihide Suga unexpectedly announced he will step down. … Read more
Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business. Bitcoin is on a wild ride today as Tesla CEO Elon Musk sparked alarm that the electric vehicle maker could sell its holdings — before clarifying that it has not sold any bitcoin. The drama began … Read more
MUMBAI: Stocks such as Mindtree, Varun Beverages, Hindustan Aeronautics, Honeywell Automation, Astral Poly Technik and Apollo Hospitals among others could advance on Friday as index provider FTSE is set to include them in its midcap index. These stocks are likely to see an inflows between $20 million and $80 million on Friday. Indian equities could … Read more