• Bilkul Online
• 8:00 PM | 06 Nov –07 Nov 2026

National Business News Highlights

1. Hindustan Coca-Cola Holdings Files Draft IPO Papers with SEBI

Hindustan Coca-Cola Holdings, backed by Coca-Cola and Jubilant Beverages, has filed draft papers with SEBI for an initial public offering. The proposed issue will be entirely an offer for sale (OFS).

2. Prestige Group Acquires Allure Developers for ₹524 Crore

Prestige Group has acquired a 100 per cent stake in Allure Developers for ₹524 crore. The acquisition will support the company’s expansion in the Noida residential real estate market.

3. IL JIN Electronics Files ₹2,500 Crore IPO Papers

IL JIN Electronics, a subsidiary of Amber Enterprises India, has filed draft IPO papers to raise approximately ₹2,500 crore. The proceeds are intended to support debt repayment and manufacturing expansion.

4. Noel Tata Steps Down as Voltas Chairman

Noel Tata has stepped down as Chairman of Voltas and will assume the position of Chairman Emeritus. Sunil D’Souza has been appointed the new Chairman, while Jayant Balan will take over as Managing Director.

5. Ramky Infrastructure Reports ₹605 Crore Q2 Revenue

Ramky Infrastructure reported revenue of ₹605 crore for the second quarter of FY27, highlighting its operational performance and continued focus on infrastructure development.

6. Bajaj Finance Reports 28% Growth in First-Half Profit

Bajaj Finance reported a 28 per cent increase in profit after tax to ₹12,447 crore for the first half of FY27. Its assets under management also registered 26 per cent growth.

7. Tata Chemicals Reports ₹4,177 Crore Revenue in Q2 FY27

Tata Chemicals reported revenue of ₹4,177 crore for the September quarter, demonstrating resilience amid challenging global market conditions.

8. Mahanadi Coalfields Receives SEBI Observations for IPO

Mahanadi Coalfields, a subsidiary of Coal India, has received SEBI observations on its draft IPO papers. The proposed public issue involves an offer for sale of up to 66.18 crore shares by Coal India.

9. BHEL Secures ₹600–900 Crore Project from Power Grid Corporation

Bharat Heavy Electricals Limited has secured a project valued between ₹600 crore and ₹900 crore from Power Grid Corporation of India, strengthening its project portfolio in the power infrastructure sector.

10. Waaree Renewable Technologies Signs 285 MWp Solar Project Contract

Waaree Renewable Technologies has signed an engineering, procurement and construction (EPC) contract for a 285 MWp solar power project, strengthening its renewable energy project portfolio.

International Business News Highlights

1. Wall Street Reassesses Technology and Energy Stocks After US Midterm Elections

US financial markets witnessed significant sectoral shifts following the Democrats’ midterm election victory. Technology, defence and energy stocks faced pressure, while renewable energy, healthcare, retail and homebuilding companies attracted investor interest amid expectations of policy changes.

2. Global Technology Sell-Off Wipes Out $2.5 Trillion in Nasdaq Market Value

The Nasdaq suffered a sharp 5.5 per cent decline in a single trading session, wiping approximately $2.5 trillion off its market value. Concerns over high artificial intelligence investment costs and potential regulatory changes weighed on technology stocks.

3. Proposed US-Russia Diesel Supply Agreement Faces Setbacks

A proposed agreement to bring Russian diesel into US and global markets is facing uncertainty as two initial tankers changed their planned routes. The deal has also encountered legal and political opposition in the United States over sanctions and restrictions on Russian energy imports.

4. Canadian Telecom Companies Announce Major Cost-Cutting Plans

Canada’s telecommunications sector witnessed fresh cost-reduction initiatives, with Telus targeting C$900 million in expense savings and Charter announcing plans to reduce annualised costs by approximately $2 billion amid intensifying competitive pressures.

5. Global Investors Assess Risks to Artificial Intelligence Infrastructure Investments

Investors are reassessing the financial outlook for AI infrastructure companies following the technology market downturn. Analysts have raised concerns about financing requirements, data-centre expansion costs and uncertainty surrounding future demand, putting companies such as CoreWeave and Nebius under scrutiny.

QUOTE OF THE DAY

“The secret of change is to focus all your energy not on fighting the old, but on building the new.”

— Socrates

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