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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Adani Enterprises, Adani Total Gas, Adani Transmission and ACC have been affected as part of the index provider’s review.
Editor's note: Global index provider MSCI has reduced the foreign inclusion factor of four Adani group stocks, as part of its February index review. MSCI defines the foreign inclusion factor, or FIF, of a security as the proportion of outstanding shares available for purchase by international investors in the public equity markets. “MSCI will implement the resultant free-float changes and associated market capitalization determinations in connection with the February 2023 Index Review. The changes will be made as of the close of 28 February 2023, effective 1 March 2023,” a spokesperson from MSCI told The Morning Context. The FIF of Adani Enterprises has been reduced from 25% to 15%; of Adani Total Gas from 25% to 14%; of Adani Transmission from 25% to 10%; and that of ACC from 40% to 35%. 0.1 = 10%.Pro forma data reflects the scheduled changes as if they were implemented on the date of the announcement.The data includes market capitalization, number of securities and sector and industry weights. The four companies had a combined 0.4% weighting in the MSCI emerging markets index as of 30 January, …
FY26 numbers show that Airtel is stealing a march on its larger rival on most counts and is unrelenting in its ambition, casting a cloud on Jio’s valuation.
Telecom and retail both continue with their ‘hit and miss’, while O2C delivers an unsurprisingly poor performance in Q4. This is a year RIL will be glad to see the back of.
The Adani group plans to spend Rs 1 lakh crore over the next five years to develop its airport business. While everything—including the funding—is sorted, a prolonged war could disturb the math.
