Global index services provider MSCI has added eight Indian stocks to its Global Standard Index and removed one as part of its quarterly index review. The changes will likely result in an inflow of nearly $1.4 billion from foreign passive funds when the actual changes take place on August 31. A release by MSCI on … Read more
India and Egypt plan to push bilateral trade to $12 billion within the next five years. This was discussed during a meeting between Prime Minister Narendra Modi and the India unit of the Egyptian Cabinet led by its Prime Minister Mostafa Madbouly in Cairo on Saturday, officials said. The volume of trade between the two … Read more
NEW DELHI: Nandan Nilekani-backed Divgi TorqTransfer Systems, which has brought out a Rs 412 crore IPO, has ambitious plans to grow in the EV market. The auto component maker’s MD Jitendra Divgi said he expects its unit at Shirwal near Pune to manufacture EV transmissions to be fully completed during FY24. Edited excerpts from a … Read more
The state high-level clearance committee (SHLCC) chaired by chief minister Basavaraj Bommai on Friday cleared 18 investment proposals worth Rs 34,432 crore with a potential to add 48,850 jobs. Of these eight are new projects while 10 are about additional investments. Some of the major proposals cleared are: Trualt Bioenergy’s ethanol plant of 2000 kilo-litres … Read more