Mumbai: The upcoming MSCI rebalancing of its Standard Index could trigger passive inflows of about $2.3 billion into Indian stocks, with as many as 12 additions and three deletions likely in the August review, according to JM Financial. The global index provider is scheduled to announce the changes on August 12 after trading hours. The rebalancing will be effective August 31.

Index changes result in flows into these stocks because trillions of dollars in global passive funds shape their portfolios based on their benchmarks. When a stock is added or removed, index-linked ETFs and mutual funds are forced to buy or sell to mirror the index composition.

JM said Adani Green Energy, Groww (Billionbrains Garage Ventures) and Adani Energy Solutions are high-probability candidates for inclusion in the MSCI India Standard Index. Ather Energy is a medium-probability candidate, while Lenskart Solutions and Steel Authority of India (SAIL) are low-probability candidates for inclusion.

Target is recalling more than 200,000 children’s sandals over the potential risk of “serious injury or death” from a choking hazard.

About 211,000 Cat & Jack Toddler Girls’ Sequerah Sandals are affected by the recall, the U.S. Consumer Product Safety Commission (CPSC) announced Thursday.

The choking hazard concern is due to the possibility of decorative pearls falling off the shoes.

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“The sandals’ decorative pearls can fall off, posing a risk of serious injury or death from a choking hazard,” the CPSC said.

Ticker	Security	Last	Change	Change %
TGT	TARGET CORP.	140.21	+1.92	+1.39%

The sandals are tan and have two raffia straps with gold buckles and plastic pearls. The brand name is printed on the soles and bottoms of the shoes.

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The shoes were sold in sizes 5T through 12T.

The sandals were sold at Target stores across the country and online at the retailer’s website from January 2026 through May 2026 for about $20.

Target has received 23 reports of pearls falling off the shoes.

No injuries have been reported so far with the recall.

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Consumers are urged to stop using the recalled sandals immediately, keep them away from children and contact Target for a full refund.

Nisha Chandrasekaran
Manager of External Communications

Welcome, everyone, to Wipro’s First Quarter Earnings Press Conference. For those of us who are joining virtually, good morning, good afternoon, good evening.

My name is Nisha Chandrasekaran, and I will be your moderator for today. Joining me on stage is our Chief Financial Officer, Aparna Iyer; our Chief Executive Officer and Managing Director, Srini Pallia; and our Chief Human Resources Officer, Saurabh Govil. We will begin with opening remarks from our CEO, followed by a financial review from our CFO. Post that, we’ll open the floor for your questions.

With that, let me invite our CEO and Managing Director, Srini Pallia.

Srinivas Pallia
CEO, MD, Executive Director & Member of Executive Board

Good evening, everyone. I see a lot of familiar faces. Thank you for joining us today. Let me start with a quick view of the broader market that we see, and I’m sure you’re also following what’s going on in the market. The macro environment remains resilient. But of course, there are uncertainties, which continue to shape decision-making for our clients. Technology investments, however, has not slowed. They have become more focused. Our clients continue to invest in AI, data, cloud, modernization, cybersecurity and also productivity-led transformation at an organization level. Spending today is measured with more rigor and longer decision cycles. The AI disruption is expanding the market, but not shrinking it. But at the same time, conversations around AI are becoming very intense. You all heard about the tokenization.

Patricia Bueno
Global Head of Shareholder & Investor Relations

Good afternoon, and welcome, everyone, to this new edition of BBVA Strategic talks, which today will be focused on BBVA Research views on the global macro environment and the outlook for our core markets.

It’s my pleasure to be joined today by Jorge Sicilia, BBVA’s Chief Economist, together with Miguel Cardoso, Carlos Serrano and Seda Güler, Chief Economist for BBVA of Spain, Mexico and Turkey. Here with me in Madrid are Jorge and Miguel and connected from Mexico and Turkey, we have Carlos and Seda as well.

Today, the team will start sharing their views on the latest economic developments and key challenges and opportunities in our core markets. After the presentations, we will open the line to take your questions in a live Q&A session. As we are currently in our blackout period, I will kindly request you to limit your questions to macro and financial system-related topics. Unfortunately, we will not be able today to address any topic related to the bank’s performance. So thank you in advance for your understanding.

In any case, I hope you will find this session useful and I strongly encourage you to participate and make the most of it given the expertise and on-the-ground knowledge of BBVA economic team