BILKUL BAZAAR— The Daily News Wrap
9:00 PM |09 – 10 Aug 2026
National Business News Highlights
1. Molbio Diagnostics IPO Opens With ₹940-Crore Issue
Molbio Diagnostics opened its IPO today with a price band of ₹768–₹807 per share. The issue will remain open until August 12.
2. Dhoot Transmission IPO Opens for Subscription
Auto-component maker Dhoot Transmission launched its ₹3,066.89-crore IPO today, adding another major issue to India’s busy primary market.
3. LEAP India IPO Sees 30% Subscription on Day Two
The ₹2,480-crore LEAP India IPO was around 30% subscribed early on its second day, with continued investor attention on the logistics and asset-pooling company.
4. Five IPOs to Raise Over ₹7,400 Crore Next Week
The Indian primary market remains active, with five companies, including Dhoot Transmission and Shiprocket, set to raise more than ₹7,400 crore through upcoming IPOs.
5. Sensex, Nifty End Almost Flat Amid Crude Concerns
Indian equities closed with limited movement as rising crude prices and uncertainty surrounding the Strait of Hormuz offset positive domestic cues. Mid-cap stocks performed relatively better.
6. Government Considers Easing FDI Approval Rules
The government is considering raising the threshold above which foreign direct investment proposals require approval from the Cabinet Committee on Economic Affairs, potentially making approvals faster.
7. Parliament Panel Seeks Regular Review of Ease-of-Doing-Business Reforms
A parliamentary committee has recommended periodic third-party evaluations of India’s ease-of-doing-business measures to assess their effectiveness and implementation.
8. GeM’s Public Procurement Platform Sees Massive Expansion
Commerce and Industry Minister Piyush Goyal highlighted the dramatic expansion of the Government e-Marketplace, which has grown from a GMV of ₹422 crore a decade ago to a much larger national procurement platform.
9. Indian Exporters Watch US Tariff Refund Developments
Indian exporters are unlikely to receive a direct share of the nearly $100 billion in US tariff refunds issued to importers, though exporters hope the refunds could improve pricing and support future orders.
10. Oil Prices Put Rupee and Bonds in Focus
Indian financial markets are closely watching crude prices as Middle East uncertainty could influence the rupee and government bond yields. July inflation data will also be important for market expectations.
International Business News Highlights
1. Global Markets Watch Strait of Hormuz Developments
Global equities were subdued as investors monitored the possibility of reopening the Strait of Hormuz and awaited US inflation data. Oil prices rose as uncertainty persisted.
2. Oil Prices Jump Nearly 2%
Brent crude rose about 1.7% to around $84.95 a barrel after Iran linked reopening of the Strait of Hormuz to several US concessions.
3. US Dollar Holds Near Two-Month Low
The dollar remained close to a two-month low following weak US jobs data, while markets await July inflation figures that could influence Federal Reserve rate expectations.
4. JPMorgan Raises S&P 500 Year-End Target to 8,000
JPMorgan raised its 2026 year-end S&P 500 target from 7,800 to 8,000, citing strong corporate earnings and expectations that AI investment will translate into stronger revenues.
5. Plus500 Reports Higher Half-Year Core Profit
Trading platform Plus500 reported a 1% rise in half-year core profit to $187.5 million, helped by stronger trading activity and expansion of its US business.
💬 QUOTE OF THE DAY
“The secret of getting ahead is getting started.”
— Mark Twain
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