BILKUL BAZAAR— The Daily News Wrap
9:00 PM |12 – 13 Aug 2026
National Business News Highlights
1. India’s July Trade Deficit Widens to $31.98 Billion
India’s merchandise trade deficit widened to a six-month high of $31.98 billion in July, as imports rose to $76.22 billion. Goods exports, however, increased nearly 20% to $44.24 billion.
2. LG Electronics India Q1 Profit Rises 27.2%
LG Electronics India reported a 27.2% rise in Q1 FY27 net profit to ₹653 crore, highlighting strong performance in the June quarter.
3. JSW Cement Reports Strong Q1 Growth
JSW Cement reported Q1 net profit of ₹161 crore, while revenue increased 22%, supported by demand growth and price increases.
4. Muthoot Fincorp Files Papers for ₹3,000-Crore IPO
Muthoot Fincorp has filed draft papers with SEBI for a proposed ₹3,000-crore IPO. The company plans to use the capital to strengthen its balance sheet and support future lending and expansion.
5. Shiprocket IPO Fully Subscribed on Day Two
Shiprocket’s IPO was fully subscribed on its second day, with the retail portion subscribed 6.86 times and the non-institutional category 2.86 times. The issue closes on August 14.
6. Minda Corporation Profit More Than Triples
Minda Corporation reported a 216.9% jump in Q1 FY27 profit to ₹206 crore. Revenue from operations rose 33.2% year-on-year to ₹1,846 crore.
7. Lenskart Q1 Profit Nearly Quadruples
Lenskart Solutions reported Q1 FY27 net profit of ₹228.4 crore, nearly four times the year-earlier figure. Total income rose 43% to ₹2,782.7 crore, helped by store expansion and stronger premium-product sales.
8. Grasim Industries Posts 39% Profit Growth
Grasim Industries reported a 38.8% rise in Q1 FY27 net profit to ₹3,846 crore. Revenue increased 21.4%, while EBITDA reached a record ₹8,077 crore.
9. Paytm Officials Receive SEBI Show-Cause Notice
SEBI has issued a show-cause notice to key managerial personnel of One97 Communications, Paytm’s parent, concerning the timing and classification of information disclosed in December 2023.
10. Sugar Stocks Rally Up to 7%
Shares of sugar companies surged as much as 7%, with Dalmia Bharat Sugar, Dhampur and Avadh Sugar touching 52-week highs amid rising sweetener prices.
International Business News Highlights
1. Global Markets Rise as Fed Rate-Hike Bets Ease
Global equities advanced after US data reduced expectations of a Federal Reserve rate hike in September. The S&P 500 moved to an intraday record, while Asian and European markets also gained.
2. Oil Prices Fall More Than 3% on Demand Concerns
Crude prices came under pressure as US inventories recorded a major weekly increase and global demand forecasts weakened. Brent and WTI both declined sharply during Thursday trading.
3. Global EV Sales Rise for Fifth Straight Month
Worldwide electric-vehicle sales increased for the fifth consecutive month in July, with strong European demand offsetting weaker growth in China and North America.
4. Foxconn Q2 Profit Jumps 35% on AI Demand
Taiwan’s Foxconn reported a 35% rise in second-quarter profit, beating forecasts as strong demand for AI-related hardware continued to support its business.
5. Telstra Announces A$1 Billion Share Buyback
Australia’s Telstra announced a A$1 billion share buyback while reporting a modest rise in annual profit, signalling increased shareholder returns.
💬 QUOTE OF THE DAY
“Success is not final; failure is not fatal: it is the courage to continue that counts.”
— Winston Churchill
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