New Delhi, Jul 2 (PTI) Vedanta Ltd will be dropped from NSE's benchmark index Nifty 50 and other indices from July 31 on account of the company's proposed voluntary delisting.
In its place, HDFC Life Insurance Company will be included in the Nifty 50 index, NSE Indices, a subsidiary of the National Stock Exchange (NSE) said in a statement.
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Apart from that, Vedanta will be excluded from Nifty 500, Nifty 200, Nifty 100 and Nifty LargeMidcap 250 indices. SBI Cards and Payment Services would replace Vedanta in these indices.
In addition, Mishra Dhatu Nigam would replace Vedanta in the metal index.
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"The Index Maintenance Sub-Committee has decided to replace Vedanta Ltd. (VEDL) from various indices on account of proposed voluntary delisting. The changes shall become effective from July 31, 2020," NSE Indices said.
Further, SBI Cards and Payment Services would replace HDFC Life from Nifty Next 50 index. PTI SP ANU ANU 07021940 NNNNmer NFL quarterback Colin Kaepernick.
All 40 crews stood on the wall in front of their pit boxes.
“The time is now to listen, to understand and to stand against racism and racial injustice,” Phelps said.
"We ask our drivers ... and all our fans to join us in this mission, to take a moment of reflection, to acknowledge that we must do better as a sport, and join us as we now pause and take a moment to listen.”
Wallace, the only African American driver in NASCAR's top series, has been the sport's most outspoken voice since Floyd died while in the custody of Minneapolis police, sparking massive protests in all 50 states and around the world demanding an end to law enforcement brutality against people of color.
Wallace's T-shirt carried Floyd's pleading words when an officer, identified as Derek Chauvin, pinned a knee on his neck for more than eight minutes while he was handcuffed. Chauvin and three other officers have been fired and charged in the incident, which followed the deaths of Breonna Taylor and Ahmaud Arbery.
Protesters have cited all three African American victims in their demands for social justice.
After Phelps spoke to the NASCAR drivers, they observed a 30-second moment of silence. Then, as the cars refired their engines and slowly pulled away for the green flag, the Fox broadcast cut to a video made by a number of Cup drivers, including Wallace and seven-time champion Jimmie Johnson, as well as retired star Dale Earnhardt Jr.
Several drivers also posted the video on their Twitter accounts, vowing to “listen and learn" from the protests that have rocked the nation. The vowed to “no longer be silent” and pledged to “work together to make real change.”
With its roots in the South and one-time embrace of Confederate symbols, NASCAR has a checkered racial history. The organization has launched diversity programs but still struggles to shake its reputation as a largely white sport.
During a shutdown caused by the coronavirus pandemic, NASCAR driver Kyle Larson was fired after casually uttering a racial slur while competing in a video racing game.
“We need step up more than we ever have before,” said former Cup star Jeff Gordon, now a Fox broadcaster. "We are listening, we are learning and we are ready to change." (AP)
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)













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