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New-age companies like PhonePe, Zepto, and Oyo are gearing up for IPOs in 2026, aiming to raise nearly 50,000 crore. Investor appetite will depend on market conditions and the profitability of these tech businesses, as public investors become more selective on valuations and cash flow.
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Nestle said it had received no reports of problems and was recalling the products "out of an abundance of caution".
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The Reserve Bank of India rejected all bids for its 8.30%, 2040 paper in its latest open market operation, while accepting the full 50,000 crore for other securities. Banks likely bid above market price for the rejected paper, seeking to book profits on illiquid securities. The central bank also has two more OMOs and a USD/INR swap auction scheduled.
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