The BSE wants to challenge global stock exchanges for dominance with a new, near-24 hour International Exchange. The exchange will directly compete with financial hubs such as Singapore and Hong Kong, through tech investments and "near 24-hour trading", remaining open for 22 hours. CEO Ashishkumar Chauhan said the new bourse, which has been inaugurated in Gujarat's Finance Tec-City, would offer a response time of four microseconds, making it "one of the fastest, if not the fastest, exchanges in the world".

A shakeup has resulted in the sidelining of the Bansals at e-commerce giant Flipkart. Kalyan Krishnamurthy, a former managing director of Tiger Global who had joined Flipkart in June 2015, was named the new CEO, and current CEO Binny Bansal has been named to a new role of group CEO. While Flipkart positioned the group CEO role to journalists as a move upward for Binny Bansal, sources internally said that Bansal saw the role as a clear signal that he was having core operational responsibilities taken away, and being handed to Tiger. 

Stock in spotlight: Ramco Systems, a company that builds cloud software for enterprises, and has signed new deals with Panasonic and the US firm G&D Integrated. 

Photo of the day: Hong Kong badminton player Cheung Ngan Yi reacts after losing a point against Indian badminton player Saina Nehwal during the women's singles at a Premier Badminton League (PBL) in Bangalore. Nehwal won the match 9-11, 11-5, 11-3. Aijaz Rahi/AP