REC doubles its market cap in one year
Kotak Mahindra Bank to see largest inflows after MSCI rebalancing
Kotak Mahindra Bank is set to receive the largest inflows following the quarterly rebalancing announced by MSCI. The index provider has increased the weighting of the private sector lender in its indices due to an increase in investment space for foreign portfolio investors (FPIs).
In a note, Nuvama Research said that Kotak Mahindra Bank's weighting in the index has increased by 135 basis points to 2.8%. This will result in inflows of $810 million (Rs 6,600 crore) from passive trackers. IIFL, meanwhile, projects inflows of $768 million (Rs 6,300 crore) as exchange-traded funds wil..
Residents Sceptical of Sahastradhara Road Widening
Residents in Dehradun have raised questions and expressed scepticism regarding the proposed widening project for Sahastradhara Road. The project, aimed at widening the road to accommodate increased traffic, has faced criticism and scrutiny from local residents concerned about its potential impact on the environment and surrounding areas.
The Sahastradhara Road widening project has sparked debate among residents, with some questioning the necessity and feasibility of the initiative. Critics argue that widening the road may lead to the loss of trees, green spaces, and heritage structures ..