October 14, 2026
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A quarterly MSCI index reshuffle triggered about $4.1 billion in trades on India’s National Stock Exchange (NSE) during Monday’s closing auction, providing the first major test of the country’s newly introduced stock-closing pricing mechanism. The exchange said turnover during the roughly 20-minute auction was nearly 40 times the average since the system was launched Continue Reading
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Flipkart-backed PhonePe has delayed its planned initial public offering (IPO), citing geopolitical tensions and ongoing volatility in global financial markets. CEO Sameer Nigam said the company remains committed to listing in India but will resume the IPO process only after capital markets stabilise. The decision reflects a cautious stance as companies worldwide reassess Continue Reading

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