BILKUL BAZAAR— The Daily News Wrap
- Bilkul Bazaar
- 9:00 PM | 20 Aug – 21 Aug 2026
National Business News Highlights
1. India’s Forex Reserves Jump $9.9 Billion to $716.9 Billion
India’s foreign exchange reserves rose by $9.905 billion to $716.907 billion in the week ended August 14, reaching their highest level in around six months.
2. RBI Reviews Economic Outlook Amid Global Risks
The RBI’s Central Board reviewed the domestic and global economic situation, including risks to India’s economic outlook, at its meeting in Chennai.
3. RBI Deputy Governor Sees GDP Growth Near 7%
RBI Deputy Governor Poonam Gupta said India’s economic growth could come closer to 7% in the current financial year, exceeding the central bank’s 6.7% projection.
4. India Receives $511.5 Million FDI Under New Investment Route
India has received 29 FDI proposals worth ₹4,895 crore under a new automatic route permitting investors from neighbouring countries to acquire non-controlling stakes of up to 10%. Investments span IT, AI, manufacturing, pharmaceuticals, data centres and transport.
5. ICICI Bank Doubles Overseas Borrowing Limit to $5 Billion
ICICI Bank’s board approved increasing its overseas borrowing limit to $5 billion, as Indian banks step up fundraising in international markets.
6. India’s Private Sector Activity Recovers Slightly in August
India’s private-sector business activity improved marginally in August from a more than four-year low, according to the latest PMI data, although growth remained subdued.
7. Augmont Enterprises Launches ₹825-Crore IPO
Integrated gold and silver platform Augmont Enterprises opened its ₹825-crore IPO on August 21. The issue comprises a ₹620-crore fresh issue and ₹205 crore offer for sale.
8. Tempsens Instruments IPO Gets Strong Investor Response
Tempsens Instruments’ IPO was subscribed 21.65 times by August 21, with bids received for 32.86 crore shares against 1.51 crore shares on offer.
9. Tata Motors Passenger Vehicles to Raise Prices From September
Tata Motors Passenger Vehicles will increase prices across its car and SUV range from September, citing continuing cost pressures.
10. Shankesh Jewellers IPO Subscribed 2.8 Times
Shankesh Jewellers’ ₹367.18-crore IPO closed with 2.80 times subscription, receiving bids for 7.74 crore shares against 2.76 crore shares on offer.
International Business News Highlights
1. Global Stocks Head for Sharpest Weekly Fall Since Mid-July
Global equities were headed for their biggest weekly decline since mid-July as high bond yields, elevated oil prices and concerns over US fiscal health weighed on investors.
2. Oil Heads for Second Straight Weekly Gain
Brent crude was around $94 a barrel, with oil prices on track for a second consecutive weekly gain amid US pressure on Iran and concerns over Middle East supply disruptions.
3. Japan Inflation Strengthens Case for Rate Hike
Japan’s core consumer inflation accelerated in July, strengthening expectations that the Bank of Japan could consider another interest-rate increase.
4. UK Services Sector Hits Six-Month High
The UK’s services PMI rose to 52.8 in August, its strongest reading in six months, while consumer confidence also improved.
5. Investors Brace for a More Hawkish ECB
European investors are increasingly preparing for another European Central Bank rate hike as elevated energy prices and inflationary pressures linked to the US-Iran conflict complicate the economic outlook.
💬 QUOTE OF THE DAY
“In the middle of difficulty lies opportunity.”
— Albert Einstein
Note: You can support us by sponsoring this column. Write at editorbilkul@gmail.com 🌷 Thank You