BILKUL BAZAAR— The Daily News Wrap
- Bilkul Online
- 8:00 PM | 09 Nov –10 Nov 2026
National Business News Highlights
1. Blackstone to Invest ₹6,414 Crore in IIFL Finance
Global investment firm Blackstone will invest approximately ₹5,000 crore for a 16% stake in IIFL Finance as part of a ₹6,414 crore capital-raising exercise. The investment is expected to strengthen the lender’s capital base and support its expansion plans.
2. MSEDCL Plans ₹10,000-Crore IPO by December
Maharashtra State Electricity Distribution Company is targeting a ₹10,000-crore initial public offering by December 2026. The utility is also planning investments of ₹60,000 crore to strengthen its distribution infrastructure.
3. Adani Group Announces $120 Billion Investment Plan
The Adani Group plans to invest $120 billion over the next five years across its businesses, with a focus on infrastructure, energy and other strategic growth sectors.
4. Kalyan Jewellers Reports 64% Profit Growth
Kalyan Jewellers reported a 64% year-on-year increase in quarterly profit, reflecting strong business performance and continued demand in the jewellery market.
5. SP Group Explores ₹1,500-Crore Bond Fundraising
The Shapoorji Pallonji Group is exploring a ₹1,500-crore fundraising through bonds as it looks to strengthen its financing arrangements and manage its debt obligations.
6. Mahanadi Coalfields IPO Emerges as Major Market Watch
Mahanadi Coalfields is attracting investor attention as one of India’s major upcoming public offerings. Its proposed listing is expected to add another significant state-owned enterprise to the country’s IPO pipeline.
7. Tata iPhone Manufacturing Facility Faces Worker Safety Scrutiny
The Tata Group’s iPhone manufacturing operations have come under scrutiny following the deaths of three workers. The incident has renewed attention on workplace safety and labour conditions in India’s expanding electronics manufacturing sector.
8. India’s Unemployment Rate Falls to 5.1%
India’s unemployment rate declined to 5.1% during July–September 2026, indicating an improvement in employment conditions and providing an important indicator of the country’s economic activity.
9. Ashoka Buildcon Secures ₹865.9-Crore Highway Project
Ashoka Buildcon has received a Letter of Acceptance from NHAI for an ₹865.90-crore Vadodara-Mumbai Expressway project, strengthening its infrastructure project portfolio.
10. IRB Infrastructure Reports 26% Growth in Toll Revenue
IRB Infrastructure recorded a 26% year-on-year increase in toll revenue to ₹836 crore in October 2026, compared with ₹664 crore in the corresponding month last year.
International Business News Highlights
1. Anthropic Targets Up to $1.4 Trillion Valuation in Mega IPO
Artificial intelligence company Anthropic is preparing for a landmark public offering, targeting a valuation of up to $1.4 trillion. The company plans to raise as much as $64.4 billion through the share offering, making it one of the largest proposed IPOs in history.
2. Brent Crude Falls Below $90 a Barrel
International crude oil prices dropped below $90 per barrel for the first time in approximately three months following signals of reduced geopolitical tensions involving the United States and Iran. The decline raised expectations of easing energy costs.
3. China Accelerates Investment in AI-Powered Maritime Trade
China is expanding its technological capabilities in global shipping through automated ports, artificial intelligence-powered customs systems and digital trade documentation. The initiative aims to strengthen its position in international logistics and supply chains.
4. US Inflation Data Raises Fresh Interest Rate Concerns
US consumer inflation increased 0.4% in October, exceeding market expectations of 0.3%. The latest figures strengthened expectations that the Federal Reserve could consider another interest rate increase, creating uncertainty across global financial markets.
5. Global Markets Face Fresh Uncertainty Amid Technology Sector Concerns
International equity markets experienced renewed volatility as investors assessed inflation concerns, technology-sector valuations and the massive investments required for artificial intelligence infrastructure. Concerns surrounding major technology companies also weighed on investor sentiment.
💬 Quote of the Day
“Success usually comes to those who are too busy to be looking for it.”
— Henry David Thoreau
BILKUL BAZAAR | Business Beyond Headlines.
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