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The fund generally will invest at least 80% of its assets in the component securities of the underlying index and in investments that have economic characteristics that are substantially identical to the component securities of the underlying index. The index is designed to measure the performance of equity securities of small-capitalization companies in the equity market in India.
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Nearly 40% of India's coal-fired power plants are operating with critically low fuel stocks due to a surge in power demand amid hotter-than-usual weather linked to El Niño, government data showed on Monday.
India needs to review some of its financing rules and develop a stronger talent pipeline to achieve its ambitious goal of expanding nuclear power capacity to 100 gigawatts (GW) by 2047, officials and industry executives said on Wednesday.
India is likely to receive below-average monsoon rains in September after precipitation in August was 16% below average, the weather department said on Monday, raising concerns about farm output and economic growth in Asia's third-largest economy.
Foreign investors continued pulling money from Asian equities in July, but the headline outflow masks a striking shift underneath: capital moved away from the region's biggest AI winners while selectively returning to markets with less dependence on the semiconductor boom. Investors sold a net $25.48 billion of shares across seven major Asian markets during the month, extending the region's foreign-selling streak to nine months.