Vodafone Idea, Oil India, and 5 others to join MSCI India Index
ECONOMY & POLICY

Vodafone Idea, Oil India, and 5 others to join MSCI India Index

According to the latest index review by MSCI, seven firms, including Vodafone Idea and Oil India, are set to be added to the MSCI India Index effective August 30, 2024. The additions include Dixon Technologies (India), Oil India, Oracle Financial Services Software, Prestige Estates Projects, Rail Vikas Nigam, Vodafone Idea, and Zydus Lifesciences. This information was announced by MSCI, the index compiler.

The changes in the constituents for the MSCI Global Standard Indexes will be implemented as of the close of August 30, 2024, as stated in the announcement.

Bandhan Bank will be removed from the MSCI India Index, as announced.

Following the announcement, shares of Rail Vikas Nigam increased by 4.61 per cent, Dixon Technologies rose by 3.29 per cent, Oil India went up by 3.21 per cent, Oracle Financial Services Software gained 1.95 per cent, and Prestige Estates climbed 1.46 per cent on the BSE. Conversely, Vodafone Idea and Zydus Lifesciences were trading lower.

MSCI, a leading provider of critical decision support tools and services for the global investment community, has also updated the MSCI Global Smallcap Indices list. This update includes 27 new firms in the MSCI India Index, such as Bajaj Hindusthan Sugar, Bandhan Bank, Gulf Oil Lubricants India, Inox Wind Energy, and TVS Supply Chain Solutions.

Meanwhile, Cochin Shipyard, Dixon Technologies, Jaiprakash Associates, Network18 Media, and two other firms will be removed from the MSCI India Index in the Smallcap Indices list.

Redefine the future of urban mobility! Join us at the Metro Rail Conference 2025 to explore groundbreaking ideas and insights. 👉 Register today!

According to the latest index review by MSCI, seven firms, including Vodafone Idea and Oil India, are set to be added to the MSCI India Index effective August 30, 2024. The additions include Dixon Technologies (India), Oil India, Oracle Financial Services Software, Prestige Estates Projects, Rail Vikas Nigam, Vodafone Idea, and Zydus Lifesciences. This information was announced by MSCI, the index compiler. The changes in the constituents for the MSCI Global Standard Indexes will be implemented as of the close of August 30, 2024, as stated in the announcement. Bandhan Bank will be removed from the MSCI India Index, as announced. Following the announcement, shares of Rail Vikas Nigam increased by 4.61 per cent, Dixon Technologies rose by 3.29 per cent, Oil India went up by 3.21 per cent, Oracle Financial Services Software gained 1.95 per cent, and Prestige Estates climbed 1.46 per cent on the BSE. Conversely, Vodafone Idea and Zydus Lifesciences were trading lower. MSCI, a leading provider of critical decision support tools and services for the global investment community, has also updated the MSCI Global Smallcap Indices list. This update includes 27 new firms in the MSCI India Index, such as Bajaj Hindusthan Sugar, Bandhan Bank, Gulf Oil Lubricants India, Inox Wind Energy, and TVS Supply Chain Solutions. Meanwhile, Cochin Shipyard, Dixon Technologies, Jaiprakash Associates, Network18 Media, and two other firms will be removed from the MSCI India Index in the Smallcap Indices list.

Next Story
Real Estate

Maharashtra Builders Must Add Waterproof Telecom Centres In Buildings

The Maharashtra Urban Development Department (UDD) has issued a notice (dated 30 September 2024) inviting suggestions and objections regarding a proposed addendum to the Model Building Bye-Laws 2016, issued by the Ministry of Housing and Urban Affairs (MoHUA). The addendum is set to be incorporated into the Development Control and Promotion Regulations – 2034 for Greater Mumbai. Aimed at enhancing digital connectivity infrastructure in Mumbai and its suburbs, the notice calls on architects, developers, and town planners to provide input on the inclusion of Common Telecommunication Infrastru..

Next Story
Technology

Year-End Review 2024: MeitY’s Digital Leap

In 2024, the Ministry of Electronics and Information Technology (MeitY) spearheaded significant initiatives to advance India's digital growth, with a focus on artificial intelligence (AI), cybersecurity, and skill development. These efforts aimed to democratise technology, foster innovation, and cement India's position as a global technology leader. Semiconductor Manufacturing under the Semicon India Programme Several major projects received approval under the Semicon India Programme, marking a pivotal year for semiconductor manufacturing in India: 1. Tata Electronics Private Limited (TEPL)..

Next Story
Infrastructure Transport

Indian Railways to Roll Out Kavach 4.0 For Safer Rail Operations

Indian Railways is advancing efforts to boost safety and operational efficiency by deploying the state-of-the-art Kavach 4.0 automatic train protection system across key routes. The enhanced system, developed in-house, aims to prevent accidents, minimise human error, and ensure seamless train operations. According to officials, all locomotives equipped with earlier versions of Kavach will be upgraded to Kavach 4.0. The North-East Frontier Railway has identified approximately 1,966 route kilometres, stretching from Malda Town to Dibrugarh, for implementation. This initiative is part of a br..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000