• Bilkul Online
• 8:00 PM | 08 Nov –09 Nov 2026

National Business News Highlights

1. L&T Bags ₹1,000–2,500 Crore Noida Metro Aqua Line Extension Contract

Larsen & Toubro has secured a major contract from Noida Metro Rail Corporation for the 15.1-km Aqua Line extension. The project includes construction of an elevated corridor and 10 stations, with an execution timeline of 36 months.

2. Government Considers Manufacturing Support for 100 Products in FY28 Budget

The Centre is considering extending support measures in the FY28 Union Budget to promote domestic manufacturing of 100 products. The initiative aims to reduce import dependence and strengthen India’s manufacturing ecosystem.

3. Government Plans to Extend ZED Certification Scheme to Services Sector MSMEs

The government is considering expanding the Zero Defect Zero Effect (ZED) certification programme to service-sector micro, small and medium enterprises. The move aims to improve quality standards and competitiveness among smaller businesses.

4. Indian Oil Plans to Acquire Crude Oil and LPG Carriers

Indian Oil Corporation is looking to acquire crude oil and LPG carriers to strengthen its energy transportation capabilities. The move comes amid shipping disruptions and elevated freight costs linked to geopolitical tensions in West Asia.

5. India’s Oilmeal Exports Decline 28.5% Amid Global Competition

India’s oilmeal exports declined 28.5%, as competitively priced supplies from Brazil and Argentina put pressure on Indian shipments. The development poses challenges for domestic exporters in international markets.

6. Rupee Ends Six-Session Winning Streak Against US Dollar

The Indian rupee closed at ₹93.9275 against the US dollar on Monday, marginally weaker than Friday’s ₹93.9050. Dollar purchases by state-run banks and thin trading ahead of the market holiday contributed to the decline.

7. Sensex and Nifty Close Higher as Banking Stocks Lead Recovery

Indian equity benchmarks ended Monday’s trading session in positive territory. The Sensex gained 107.25 points to close at 81,106.65, while the Nifty advanced 58.25 points to settle at 25,044.65. Banking stocks and easing crude oil prices supported the recovery.

8. Morepen Laboratories Launches First US Prescription Generic Drug

Morepen Laboratories launched Desloratadine Tablets USP 5 mg through its US subsidiary, Morepen Bio Inc. The company also filed a Sitagliptin Abbreviated New Drug Application with the US FDA, strengthening its US generics business.

9. Maharaja & Speedex India Expands Manufacturing Capacity to 72 Lakh Units

Maharaja & Speedex India has increased its installed manufacturing capacity by nine lakh units to 72 lakh units annually. The company also expects an additional 31 lakh units of capacity, funded through its IPO, to become operational in the fourth quarter of FY27.

10. Vivid Electromech Secures ₹24.25 Crore Data Centre Automation Order

Vivid Electromech has received purchase orders worth approximately ₹24.25 crore from Secutech Automation for SCADA systems and automation panels for a Noida data centre. The orders are expected to be executed within three months of acceptance.

International Business News Highlights

1. Google Introduces Two New AI Chips to Challenge Nvidia

Google has introduced two new versions of its in-house Tensor Processing Units (TPUs), intensifying competition in the artificial intelligence chip market. The new variants target government agencies, regulated industries and advanced AI workloads, including coding and drug discovery.

2. US Stock Markets Rebound as Oil Prices Decline

Wall Street witnessed a recovery on Monday, with the S&P 500 rising 1.1%, the Dow Jones gaining 606 points and the Nasdaq advancing 1.4%. Lower crude oil prices and strong corporate earnings supported investor sentiment.

3. India’s Jindal Group Submits Bid for Italy’s Former Ilva Steelworks

India’s Jindal Group and Italy’s Arvedi Group have submitted binding bids to acquire Acciaierie d’Italia, formerly known as Ilva. The proposed acquisition is significant for the future of Italy’s steel industry and the revival of its major steelmaking operations.

4. Global Markets Recover as Investors Assess Technology Sector Risks

Global equities moved higher following last week’s technology-led sell-off. Asian and European markets recorded gains, while investors continued to assess concerns surrounding AI investments, corporate valuations and the outlook for major technology companies.

5. Australia Approves Seabed Site for Japan’s Inpex Carbon Capture Project

Australia has designated an offshore seabed area near Darwin for a proposed carbon capture and storage project led by Japan’s Inpex. The proposed West Peron project could store up to 443 million tonnes of carbon dioxide over 35 years, subject to environmental assessments and further approvals.

💬 QUOTE OF THE DAY

“Success usually comes to those who are too busy to be looking for it.”

— Henry David Thoreau

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