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MSCI has updated its global indices. Fortis Healthcare, GE Vernova T&D India, Paytm, and Siemens Energy India are now part of the Global Standard Index. This move is expected to bring substantial investment into these stocks. Changes also affect the India Small Cap Index. Several companies will see their index weights adjusted, influencing fund movements.
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News and Media
State Bank of India and France's Amundi will sell a 10% stake in their asset management firm, SBI Funds Management. This will be done through an initial public offer. SBI will divest 6.3% and Amundi 3.7%. The IPO is expected to be completed in 2026. SBI Funds Management will be the third SBI subsidiary to list.
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News and Media
Elon Musk revealed Tesla's potential need to construct a massive chip fabrication plant to meet its AI chip demands, even considering collaboration with Intel. This move supports Tesla's autonomous driving and AI ambitions, as current supplier capacity is deemed insufficient for future production needs.
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News and Media
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