BILKUL BAZAAR— The Daily News Wrap
- Bilkul Online
- 8:00 PM | 02 Nov –03 Nov 2026
National Business News Highlights
1. Reliance Industries Shares Rally, Mukesh Ambani’s Wealth Surges
Reliance Industries witnessed a strong rally following its impressive quarterly earnings. The surge added approximately $6.3 billion to Mukesh Ambani’s wealth in a single day, taking him back to the position of Asia’s richest person.
2. SBI Reports Strong Second-Quarter Profit Growth
State Bank of India reported a rise in second-quarter net profit to ₹23,038 crore, compared with ₹20,160 crore in the corresponding period last year. Strong lending growth, improved margins and investment gains supported the performance.
3. Corning Opens Optical Connectivity Manufacturing Facility in Pune
US-based Corning has opened a new optical connectivity manufacturing facility in Pune. The facility will strengthen India’s digital infrastructure ecosystem and cater to growing demand from telecom networks and data centres.
4. Pioneer Urban Announces ₹3,500 Crore Luxury Housing Investment
Real estate developer Pioneer Urban announced an investment of ₹3,500 crore in its ultra-luxury residential project, Alura, in Gurugram. The project is expected to feature approximately 250 apartments.
5. India’s Data Centre Capacity Set to Increase Fivefold by 2030
According to a Crisil assessment, India’s data centre capacity could expand fivefold to 7.5 GW by 2030. The expansion is expected to attract investments of around ₹3 lakh crore, driven by artificial intelligence and digitalisation.
6. Healthcare Sector Attracts $3.1 Billion in Private Equity and Venture Capital
Private equity and venture capital investments in India’s healthcare sector surged 621% year-on-year to $3.1 billion in the second quarter of FY27, reflecting growing investor interest in healthcare businesses.
7. IHG Announces New Holiday Inn Resort in Gujarat’s Sasan Gir
IHG Hotels & Resorts partnered with Paix Hospitality LLP to develop a 92-key Holiday Inn Resort in Sasan Gir. The hospitality project is expected to open in the first quarter of 2031, strengthening Gujarat’s tourism infrastructure.
8. Larsen & Toubro Secures Major Residential and Commercial Projects
Larsen & Toubro secured significant orders for high-rise residential developments in Mumbai and Bengaluru, along with a commercial tower project in Hyderabad. The combined value of the projects is estimated between ₹1,000 crore and ₹2,500 crore.
9. India’s Electric Two-Wheeler Registrations Jump 75% in October
Electric two-wheeler registrations increased 75% in October, highlighting growing consumer interest in electric mobility. The sector continued to attract demand despite weakness in parts of the wider automobile market.
10. South Eastern Coalfields Moves Towards Stock Market Listing
South Eastern Coalfields, a subsidiary of Coal India, submitted its draft listing documents, taking an important step towards a potential public offering. The proposed listing is part of India’s broader public-sector divestment programme.
International Business News Highlights
1. Saudi Aramco Reports 34.5% Jump in Third-Quarter Profit
Saudi Aramco reported a 34.5% increase in third-quarter net profit to $36.25 billion. Higher oil prices and stronger revenues supported its performance despite production disruptions linked to regional conflict.
2. European Markets Decline Amid AI Investment Concerns
European stock markets moved lower as investors reassessed the sustainability of massive investments in artificial intelligence. Technology shares faced selling pressure, while concerns over geopolitical tensions added to market uncertainty.
3. Asian Markets Witness Technology Stock Sell-Off
South Korea’s Kospi plunged 4%, while Taiwan’s Taiex declined 3.8% as technology stocks came under pressure. Samsung Electronics and SK Hynix were among the major losers amid concerns over AI valuations and technology sector volatility.
4. Thomson Reuters Raises Full-Year Revenue Growth Forecast
Thomson Reuters reported a 10% increase in third-quarter revenue to $1.83 billion and raised its full-year 2026 organic revenue growth forecast to 8.5–9%. Strong demand for its legal, tax, accounting and AI-powered services supported growth.
5. Apple Shares Slide Amid Concerns Over Rising Memory Chip Costs
Apple shares declined after the company warned that rising memory-chip costs could put pressure on profit margins during the holiday quarter. The development added to concerns about rising technology production costs despite strong quarterly financial results.
💬 Quote of the Day
“Business opportunities are like buses, there’s always another one coming.”
— Richard Branson
Note: You can support us by sponsoring this column. Write at infobilkul@gmail.com Thank You