BILKUL BAZAAR— The Daily News Wrap
- Bilkul Online
- 8:00 PM | 10 Nov –11 Nov 2026
National Business News Highlights
1. Indian Stock Markets Stage Strong Rally; Sensex Surges 773 Points
Indian equity markets witnessed a strong rally as the Sensex surged 772.75 points to close at 81,879.40, while the Nifty gained around 210 points to settle at 25,255.05. Banking, automobile and pharmaceutical stocks led the gains amid renewed foreign investor interest and easing crude oil prices.
2. Indian Companies Plan $3 Billion Bond Fundraising in November
Indian companies are planning to raise approximately ₹28,000 crore through bond issuances during the remainder of November. Tata Capital, Aditya Birla Capital, NABARD, SIDBI, HUDCO and REC are among the potential issuers, taking advantage of declining bond yields ahead of the RBI’s December policy review.
3. India’s IPO Market Takes a Breather Amid Stock Market Recovery
India’s primary market has witnessed a slowdown in IPO activity following an exceptionally busy September and October. As foreign institutional investors return to equity markets, the pause in new public offerings is expected to provide additional liquidity to secondary-market investments.
4. Tata Power Q2 Profit Jumps 33%; Approves ₹11,871 Crore Project
Tata Power reported a 33% year-on-year increase in consolidated net profit to ₹1,652 crore for the September quarter. Revenue grew 26% to ₹19,886 crore. The company also approved an investment of ₹11,871 crore in an 1,800 MW pumped-storage project in Maharashtra.
5. Garden Reach Shipbuilders Reports 12% Growth in Q2 Profit
Garden Reach Shipbuilders and Engineers reported a 12% year-on-year increase in second-quarter net profit to ₹172 crore. The company continued to benefit from its strong order pipeline, although higher material costs remained a concern.
6. Blackstone to Invest ₹5,000 Crore in IIFL Finance
Global investment major Blackstone has agreed to invest ₹5,000 crore in IIFL Finance through a preferential issue. The company’s board approved a total capital-raising plan of ₹6,414 crore, strengthening its financial position and supporting future growth.
7. Matrimony.com Q2 Net Profit Soars 167%
Matrimony.com reported a 167.1% year-on-year increase in consolidated net profit to ₹20.73 crore for the September quarter. Revenue increased 17.6% to ₹134.76 crore, reflecting improved business performance.
8. Ashoka Buildcon Secures ₹865.9 Crore Vadodara-Mumbai Expressway Contract
Ashoka Buildcon received a Letter of Acceptance from the National Highways Authority of India for a road construction project worth ₹865.9 crore. The contract involves balance construction work on the eight-lane Vadodara-Mumbai Expressway in Gujarat.
9. HLE Glascoat Subsidiary Wins International Order Worth Up to $48 Million
Kinam Engineering Industries, a subsidiary of HLE Glascoat, secured an international order valued at approximately $42–48 million. The contract covers specialised heat exchangers and process equipment for an energy-storage project in North America.
10. IRB Infrastructure Reports 25.9% Growth in October Toll Revenue
IRB Infrastructure Developers reported a 25.9% year-on-year increase in toll revenue to ₹835.6 crore in October 2026, compared with ₹663.5 crore in the corresponding month last year. Higher collections across its toll-road portfolio supported the growth.
International Business News Highlights
1. Anthropic’s Nearly $70 Billion IPO Fundraising Plan Emerges
Artificial intelligence company Anthropic is reportedly exploring a massive initial public offering that could raise nearly $70 billion. A proposed fundraising plan was briefly circulated among banks before being withdrawn, highlighting the growing investor interest in major AI companies.
2. Global Markets Rebound as AI Stocks Lead Recovery
Technology shares lifted global equity markets as renewed optimism about artificial intelligence demand supported investor sentiment. US-based CoreWeave forecast profitability in 2028, helping its shares gain significantly, while semiconductor companies also recorded strong advances.
3. UK AI Chip Startup Fractile Reaches $7 Billion Valuation
British artificial intelligence chip startup Fractile has reportedly achieved a valuation of $7 billion in a funding round. The development highlights growing global investment interest in advanced semiconductor technology and AI infrastructure.
4. Vietnam’s Vinhomes and Japan’s Mitsubishi Expand Strategic Partnership
Vietnamese real estate developer Vinhomes and Japan’s Mitsubishi Corporation have signed a memorandum of understanding to expand cooperation in housing, infrastructure and sustainable development. The partnership aims to explore new opportunities across key development sectors.
5. Free Trade Agreements and Market Diversification Gain Importance for Global Businesses
Trade experts have highlighted the importance of free trade agreements and market diversification as businesses face increasing global protectionism. Companies are being encouraged to explore new international markets and strengthen trade partnerships to manage risks and sustain growth.
💬 Quote of the Day
“The best way to predict the future is to create it.”
— Peter Drucker
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