Rush Hour: India least-preferred Asian stock market, Tejashwi Yadav detained during protest & more

India has replaced Indonesia as Asia’s least-preferred stock market, Bloomberg quoted a Bank of America survey of fund managers as showing. The Indian stock market has been one of the world’s worst performers this year.

The survey of panellists managing $272 billion in assets between them found that 32% were allocating a smaller share of their portfolios to Indian stocks.

Their biggest concern was that there are not enough listed Indian companies with a strong presence in the artificial intelligence sector. Weak economic growth was the second-biggest concern, followed by the lack of policy reforms to improve the business environment in the country and high valuations of the stocks. Read on.

Rashtriya Janata Dal leader Tejashwi Yadav was detained during a protest against the Bihar Police firing an AK-47 rifle on youth demonstrating last month against alleged irregularities in competitive examinations.

His sister, party MP Misa Bharti, was also detained while participating in a march to the governor’s residence.

On August 11, the government told the Supreme Court that a constable in Siwan district had on July 25 fired four shots in the air from his AK-47 rifle after getting “trapped” among the protesters. It claimed that no one had been injured by the bullets. Read on.

The Tamil Nadu government withdrew an order directing the...

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