Since November 2023, the Sensex and the Nifty 50 have jumped 14 per cent and 15 per cent respectively while the BSE Midcap and Smallcap indices have jumped 21 per cent each.
Inclusion or increase in stock weightage in global indices like MSCI and FTSE leads to inflows from passive funds, which track that index. Exclusion from these indices usually leads to outflows. Thus, the announcements are widely tracked
Kesoram Industries appeal against the National Company Law Appellate Tribunal s Kolkata ruling rejected its claim of being a financial creditor of Birla Tyres Ltd. The tribunal ruled that Kesoram failed to prove the transaction was a deposit or loan, and therefore, the adjudicating authority did not commit any error in rejecting the appellant s application.
Kesoram Industries appeal against the National Company Law Appellate Tribunal s Kolkata ruling rejected its claim of being a financial creditor of Birla Tyres Ltd. The tribunal ruled that Kesoram failed to prove the transaction was a deposit or loan, and therefore, the adjudicating authority did not commit any error in rejecting the appellant s application.