Bilkul Bazaar | Sunday Special

24–31 October 2026

National Business News Highlights

1. Reliance Jio’s blockbuster IPO makes Indian market history

Reliance Jio Platforms’ $3.2 billion IPO attracted bids worth approximately $77 billion and was subscribed more than 22 times, making it one of India’s most significant public offerings.

2. Jio reports 14% profit growth in first results after market debut

Reliance Jio reported nearly 14% growth in quarterly profit in its first earnings announcement following its stock market listing.

3. Indian stock markets gain nearly 2% during the week

Indian equity markets ended the week on a positive note, with the Nifty 50 gaining around 2% and the Sensex advancing approximately 1.8%.

4. GST reforms to ease compliance for small e-commerce sellers

New GST measures scheduled to take effect from November 1 aim to simplify registration for small sellers operating through e-commerce platforms and improve compliance procedures.

5. RBI reviews economic risks at its 625th Central Board meeting

The Reserve Bank of India’s 625th Central Board meeting reviewed prevailing economic conditions, potential risks and the activities of the Deposit Insurance and Credit Guarantee Corporation.

6. Welspun Corp reports 13% rise in quarterly net profit

Welspun Corp reported a 13.39% year-on-year increase in Q2 FY27 net profit to ₹498.56 crore. Revenue grew 6.18% to ₹4,643.72 crore.

7. CDSL posts 24% growth in second-quarter net profit

Central Depository Services (India) Limited reported a 24% year-on-year rise in Q2 net profit to ₹173 crore, reflecting continued activity in India’s securities market.

8. India steps up investment discussions with global technology companies

Commerce and Industry Minister Piyush Goyal held discussions with executives from global companies, including ASML, Nexperia, Ingka Group and Power2X, focusing on investment, manufacturing and technology partnerships.

9. India needs $220 billion investment to achieve clean energy target

India will require an estimated $220 billion in investments between 2027 and 2030 to achieve its target of 500 GW of non-fossil fuel energy capacity.

10. Adani Ports’ earnings boost investor confidence

Adani Ports attracted investor attention after reporting stronger profits and cargo volumes, prompting the company to improve its operating-profit forecast.

International Business News Highlights

1. US Federal Reserve keeps interest rates unchanged

The US Federal Reserve maintained its benchmark interest rate in the 3.75%–4% range, reflecting continuing concerns over inflation and economic uncertainty.

2. European Central Bank holds interest rates steady

The European Central Bank kept interest rates unchanged amid inflation concerns and uncertain economic conditions, influencing currency and global financial markets.

3. Coca-Cola raises its 2026 earnings outlook

Coca-Cola raised its 2026 comparable currency-neutral earnings growth forecast to at least 9%. Third-quarter revenue increased 7.4% to $13.38 billion.

4. Shell and TotalEnergies announce higher profits and share buybacks

Energy majors Shell and TotalEnergies reported higher third-quarter profits, supported by energy prices and refining margins. Both companies continued their shareholder buyback programmes.

5. Wall Street faces technology sell-off amid AI spending concerns

US stock markets faced pressure as investors grew concerned about the rising costs of artificial intelligence investments and the returns expected from massive technology infrastructure spending.

💬 Quote of the Week

“Great businesses are built not just by anticipating change, but by having the courage to lead it.”

— BILKUL BAZAAR | WEEKLY BUSINESS THOUGHT

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