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Top headlines: MSCI index to get big boost; Pepsi thrives as Coke struggles

From MSCI EM index set for major boost to e-commerce firms selling goods worth $4.1 bn in first week of festive sale, here top headlines this morning

pepsi, coca cola, coke
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One big change is that PepsiCo is now less of a cola or a beverage company and more of a foods major.

BS Web Team New Delhi

India's weighting in widely-tracked MSCI EM index set for major boost

India’s weighting in global indices such as the MSCI Emerging Markets (EM) index — estimated to be tracked by funds with assets under management of $1.8 trillion — is set for a boost. MSCI has said it will increase the so-called foreign inclusion factor (FIF) for several Indian stocks with effect from December 1, and the finer details will be decided next month at its semi-annual review. Read More

Flipkart will invest more in offline firms, says CEO Kalyan Krishnamurthy

Within days of announcing investments in Aditya Birla Fashion

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First Published: Oct 28 2020 | 8:42 AM IST

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