Shares of One97 Communications Ltd., parent company of payments aggregator Paytm, will be excluded from the MSCI India Index, which is part of the MSCI Global Standard Index, the global index provider disclosed in an official statement on Wednesday. Paytm, along with stocks like Suzlon, IndusInd Bank had found an inclusion in the Global Standard Index only in November last year.
Open FlipLocal auto sales increased 1.3% to 335,629 vehicles in the previous month. Automakers blamed the slow growth rate on the post-pandemic pent-up demand that persisted over the previous two fiscal years dying off. The moderate pace of increase in April was caused by a high base brought on by the rapid growth in the previous two years, which impacted the year-over-year comparison.
Open FlipShares of Vedanta Ltd., the Anil Agarwal-owned mining conglomerate is up for the fourth straight day on Wednesday. The stock is trading with gains of close to 3% and is now nearing the mark of ₹450 per share. Shares of the company have rallied nearly 20% in the last one month. Shares of Vedanta have already risen nearly 75% so far in the first four-and-a-half months of 2024.
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