Jio Financial, Zomato to enter Nifty 50 from Mar 28
New Delhi, Feb 22 (PTI): As per the revisions, Bharat Petroleum Corporation (BPCL) and Britannia Industries Ltd will be excluded from the index, according to a release from NSE Indices.
The Index Maintenance Sub-Committee of NSE Indices Ltd has announced changes to the Nifty 50 index as part of its semi-annual review, effective from March 28, 2025.
These changes are in line with the periodic assessment of the index to ensure it accurately reflects market trends and maintains its relevance to investors.
Zomato, Jio Financial Services have been added to the Nifty 50 index because their average free-float market capitalization over six months is at least 1.5 times that of the smallest companies being removed.
Zomato's market cap is Rs 1,69,837 crore, while Jio Financial's is Rs 1,04,387 crore. In comparison, Bharat Petroleum and Britannia, which are being excluded, have market caps of Rs. 60,928 crore and Rs 64,151 crore respectively.
In addition, changes have been announced in several indices including Nifty 100 and Nifty 500.
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RSS has global network of over 2,500 groups for money laundering: Priyank Kharge
Bengaluru: Rural Development and Panchayat Raj Minister Priyank Kharge has alleged involvement of the Rashtriya Swayamsevak Sangh (RSS) in a money transfer network at global level.
Posting his allegation on his personal ‘X’ account on Saturday morning, Kharge said that he was referring to an issue that had not been dealt with decisively by Indian media houses.
“Here is a crucial story that the Indian media will never touch,” the minister has said, and clarified, “This so-called “body of individuals” has built a global network of over 2,500 affiliated organisations. Through these fronts, the RSS collects “guru dakshina” to fuel its divisive agenda. (sic)”
Kharge has further alleged, “The world’s largest NGO is running amok, laundering money and evading accountability.”
The minister added, “Here is a map of their organisational architecture of their “Vichar Parivaar.” https://rssproject.caravanmagazine.in / @thecaravanindia”
