HYDERABAD, TUESDAY, NOVEMBER 26, 2024 FOLLOW US ON TWITTER & FACEBOOK. APP AVAILABLE ON APP STORE & PLAYSTORE WWW.FINANCIALEXPRESS.COM READ TO LEAD VOL. NO. XXI 177, 22 PAGES, `12.00 P U B L I S H E D F R O M : A H M E D A B A D , B E N G A L U R U , C H A N D I G A R H , C H E N N A I , H Y D E R A B A D , K O C H I , K O L K ATA , L U C K N O W, M U M B A I , N E W D E L H I , P U N E SENSEX: 80,109.85 ▲ 992.74 NIFTY: 24,221.90 ▲ 314.65 NIKKEI 225: 38,780.14 ▲ 496.29 HANG SENG: 19,150.99 ▼ 78.98 `/$: 84.29 ▲ 0.17 `/€: 88.41 ▼ 0.55 BRENT: $73.23 ▼ $1.94 GOLD: `76,487 ▼ `1,031 UNAWARE OFUS INVESTIGATION,SAYS FRENCH ENERGYFIRM Total halts fresh funding inAdani Group projects RAGHAVENDRA KAMATH Mumbai, November 25 FRENCH OIL MAJOR TotalEnergies on Monday said that it will not make any fresh investments in Adani Group entities untilthebriberychargesagainst theindividualsandtheirconsequences have been clarified. Gautam Adani, his nephew SagarAdani and six others have been indicted by the US auhorities on bribery charges,which weretermedas“baseless”bythe group. Meanwhile, CFO Jugeshinder‘Robbie’ Singh has said the groupwould respond to the USchargesafteradvicefromthe company’s counsel. Total added that it was not made aware of the existence of the probe into an alleged cor- CHAIN OF EVENTS THE RELIEF RALLY in domestic equities strengthened further on Monday as the BJP-led alliance secured a decisive victory in the Maharashtra state elections. Fund flows on account of MSCI index review adjustments further boosted investor sentiments. Continued on Page 7 »PAGE 6« REGULATORYWOES CLOUD SME IPO OF C2C ADVANCED Nov 22 (close) January 2021: 1,052.4 ▼ 8.05% Total acquires a minority stake inAdani Green Energy 19.75% Two TotalEnergies’ current shareholding in Adani Green 50% stakewas bought byTotal in three Adani Green renewableJVs between 2020-2024 ruption scheme linked toAdani GreenEnergy(AGEL),inwhichit holds a 19.75% stake. “The investments in Adani’s entities wereundertakeninfullcompli- Maha results,MSCI rejig propel stocks VIVEK KUMAR M Mumbai, November 25 Adani Green Energy RELIEF RALLY 80,109.85 Close: Nov 25 SENSEX SENSEX 79,117.11 Previous close 992.74 points 1.25% 24,221.90 Close: Nov 25 NIFTY 23,907.25 Previous close 314.65 points 1.32% Nov 25 (close) 967.65 of the three JVs were entered into after FBI served search warrants on Sagar Adani Around `30,273 cr is thevalue ofTotalEnergies' stake inAdani Green,which has a market cap of`1.53 lakh crore ance with applicable laws, and with our own internal governance processes,” it said. Continued on Page 7 »PAGE 4« ADANI: HAVE ENOUGH LIQUIDITY rusted HDFC Nifty India Digital Index Fund Power your portfolio with the Trillion* Dollar digital opportunity! TELANGANA DECLINES DONATION Food inflation seen slowing HDFC Bank at record high A BUMPER KHARIF harvest will lower food inflation in the coming months and India’s short-term economic outlook is cautiously optimistic, the finance ministry said in a report on Monday, reports fe Bureau. Retail inflation surged to 6.21%, a 14-month high, in October, driven by high vegetable prices. ■ PAGE 2 THE HDFC BANK stock surged over 3% to hit a record high on Monday, driven by the second tranche of rejig in the Morgan Stanley Capital International (MSCI) indices, reports Sachin Kumar. In August, MSCI said the bank’s weightage on its global standard index will increase in two tranches. ■ PAGE 6 Ice-cream biz split gets HULnod HINDUSTAN UNILEVER ON Monday said its board had given an in-principle approval to the demerger of its icecream business into a separate listed entity, reports Viveat Susan Pinto. The scheme of demerger would be placed before the board early next year, with shareholders receiving shares in the new entity in proportion to their shareholding in the FMCG major. ■ PAGE 4 NFO Closes on 6th December, 2024 The companies displayed above form part of the constituents of the Nifty India Digital Index (TRI) as on October 31, 2024. * Source: Google, Temasek and Bain, India e-Conomy Report 2023, For more information refer www.hdfcfund.com Key reasons to invest: Participate in the growth of India’s tech companies through a blend^ of: SCAN TO INVEST New age companies from E-commerce, Fintech segments, etc. IT Services champions benefitting from rising global tech spending and AI adoption Portfolio spread across large, mid and small caps from several sectors, giving diversified exposure to the Digital theme ^ Approx. 50% index weight is to domestic focused new-age companies in the E-Commerce, Fintech, Telecom segments etc. and ~50% weight is to export focused companies like Software, IT Services etc. Source: NSE Indices, internal calculations. Data as of Oct 31, 2024. Contact your MFD /RIA. HDFC Nifty India Digital Index Fund [An open ended scheme replicating/tracking Nifty India Digital Index (TRI)] is suitable for investors who are seeking*: Riskometer# • Returns that are commensurate (before fees and expenses) with the performance of the Nifty India Digital Index (TRI), over long term, subject to tracking error • Investment in equity securities covered by the Nifty India Digital Index (TRI) *Investors should consult their financial advisers, if in doubt about whether the product is suitable for them. #The product labeling assigned during the NFO is based on internal assessment of the scheme characteristics or model portfolio and the same may vary post NFO when the actual investments are made For latest riskometer, investors may refer to the Monthly Portfolios disclosed on the website of the Fund viz. www.hdfcfund.com The Scheme being sectoral in nature carries higher risks versus diversified equity mutual funds on account of concentration and sector specific risks. p NIFTY Disclaimer: HDFC Nifty India Digital Index Fund "(the Product)" offered by HDFC Asset Management Company Limited is not sponsored, endorsed, sold or promoted by NSE INDICES LIMITED (formerly known as India Index Services & Products Limited (IISL)). NSE INDICES LIMITED does not make any representation or warranty, express or implied (including warranties of merchantability or fitness for particular purpose or use) and disclaims all liability to the owners of the Products or any member of the public regarding the advisability of investing in securities generally or in the Product linked to Nifty India Digital Index (TRI) or particularly in the ability of the Nifty India Digital Index (TRI) to track general stock market performance in India. Please read the full Disclaimers in relation to Nifty India Digital Index (TRI) in the SID of the Product. HDFC Asset Management Company Limited has been managing equity Index Solutions for over 20 years. Mutual Fund investments are subject to market risks, read all scheme related documents carefully. Mission: To be the wealth creator for every Indian Vision: To be the most respected asset manager in the world HYDERABAD
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