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Tesla Shares Plunge As It Fails To Make It Into S&P 500 Index

Tesla Shares Plunge As It Fails To Make It Into S&P 500 Index Tesla Inc tumbled as much as 20% on Tuesday after its surprise exclusion from the S&P 500 index added to the broader sell-off in technology stocks, which have dominated Wall Street’s recovery from the coronavirus-driven crash earlier this year. Wall Street analysts and investors widely expected Tesla to join the S&P 500 after the company posted its fourth consecutive profitable quarter in July, clearing a major hurdle for its potential inclusion in the benchmark stock index. In a surprise announcement, the S&P Dow Jones Indices decided to add online craft seller Etsy Inc, semiconductor equipment maker Teradyne Inc and pharmaceutical technology company Catalent Inc to the S&P 500 instead. S&P Dow Jones Indices senior index analyst Howard Silverblatt on Friday declined to say why Tesla was not added to the S&P 500. The three companies included by S&P are much smaller in size, but have a more con...
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Clear Ammonium Nitrate from North Chennai Warehouse: Panel's Recommendation to Customs

Clear Ammonium Nitrate from North Chennai Warehouse: Panel's Recommendation to Customs

A multi-disciplinary board entrusted with reviewing the 740-ton ammonium nitrate transfer gathering dust for more than four years in a distribution center off Chennai has suggested that the Customs Department "clear" the stock from the godown, said a report from the board. 


The 740-ton transfer was seized in late 2015 from the imports of Karur-based Amman Chemicals after its application for a key permit was dismissed. The organization has been occupied with a fight in court to proceed with its business. 


As indicated by the Tamil Nadu Pollution Control Board report, it has been prescribed to the Commissioner of Customs to "make quick move to clear the put away ammonium nitrate from the said CFS [Container Freight Station] as the equivalent is as yet under the ownership of the traditions division". 


A board comprising of ecological designers and senior cops had visited the Container Freight Station worked by organization Sattva in Tiruvottiyur toward the north of Chennai on Thursday.

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