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Megha Engineering to sell gas distribution business, reaches out to Indian Oil, others

According to reports, Megha Engineering and Infrastructures Limited (MEIL), a significant participant in the Indian infrastructure market with headquarters in Hyderabad, intends to sell Megha City Gas Distribution Private Limited (MCGDPL), which handles city gas distribution.

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MSCI Rejig: India may See $2.5b FII Inflows

Global index services provider MSCI has included 13 Indian stocks in its Global Standard Index and removed three. That takes the total count of domestic stocks on the MSCI indices to 146, up from 136.

Canara
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India
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Abhilash-pagaria
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Nuvama-alternative-quantitative-research
Canara-bank
Alok-industries
Global-standard-index
Indus-towers

MSCI Rejig: MSCI Rejig: India may see $2.5 billion FII inflows

Global passive funds, such as exchange-traded funds, structure their portfolios based on these indices. Any change in composition prompts these funds to adjust their allocations. The newly included stocks are JSW Energy, Canara Bank, Indus Towers, PB Fintech, Sundaram Finance, and NHPC. Berger Paints has been dropped, while Indraprastha Gas and Paytm s parent, One 97 Communications, have been downgraded to the small-cap index.

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Morgan Stanley Capital Investment (MSCI) | India's weight in MSCI's Global Standard index rises to another record high, boosting prospects of more inflows

Morgan Stanley Capital Investment (MSCI) | India's weight in MSCI's Global Standard index rises to another record high, boosting prospects of more inflows
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