BILKUL BAZAAR— The Daily News Wrap
- Bilkul Bazaar
- 9:00 PM | 24 Aug – 25 Aug 2026
National Business News Highlights
1. Indian economy likely grew 7.1% in Q1 FY27
India’s economic growth is estimated to have moderated to 7.1% in April–June, from 7.8% in the previous quarter. Weakening private investment and elevated crude prices remain concerns, although consumption and government spending continue to support growth.
2. Sensex gains 280 points; Nifty crosses 24,300
Indian equities staged a relief rally as crude oil prices eased. The Sensex gained about 280 points and Nifty closed above 24,300, although volatility remained high ahead of the monthly derivatives expiry and amid geopolitical uncertainty.
3. Rupee strengthens as oil prices fall
The rupee gained 0.3% to ₹95.4125 per dollar, its strongest level in more than a week, helped by a sharp decline in Brent crude to around $89.20 a barrel.
4. Axis Bank targets faster-than-industry credit growth
Axis Bank expects its credit growth to outpace the industry by around 300 basis points in FY27. Data centres, renewable energy, manufacturing and urban development are among the sectors expected to drive corporate lending, while gold loans have also surged.
5. Yes Bank withdraws dollar-debt fundraising plan
Yes Bank has withdrawn a proposed U.S.-dollar debt issue, according to bankers cited by Reuters. The decision comes amid changing investor appetite and elevated global financial-market uncertainty.
6. India Inc raises over ₹1.11 lakh crore through equity in July-August
Fundraising by Indian companies has surged, with more than ₹1.11 lakh crore raised through equity markets during July-August. IPOs accounted for more than 40% of the money raised, highlighting renewed investor appetite for primary-market offerings.
7. IPO market remains red-hot
As many as 10 IPOs are lined up between August 24 and 31, seeking to raise more than ₹3,500 crore. The unusually busy week spans pharma, jewellery, hospitals, forensic technology and other sectors.
8. Shankesh Jewellers makes market debut
Shankesh Jewellers listed on the BSE and NSE today. Its ₹367.18-crore issue was priced at ₹93 and opened at ₹103.30, an initial gain of more than 11%.
9. Lead School targets 20% growth and eyes IPO
Edtech company Lead School expects nearly 20% revenue growth in FY27, with EBITDA potentially tripling to around ₹90 crore. The company is targeting profitability/breakeven this year and is considering an IPO in two to three years.
10. India probes global fragrance companies over alleged price collusion
Indian authorities are investigating major global fragrance makers, including Givaudan, Firmenich and International Flavors & Fragrances, over alleged price coordination. The investigation could have implications for the country’s fragrance and consumer-products supply chain.
International Business News Highlights
1. US expands economic pressure on Iran
Washington announced a tougher sanctions strategy targeting Iran-linked entities and its economic lifelines. Markets are closely watching the implications for oil supplies, shipping costs and global inflation.
2. Alibaba insiders signal confidence in AI strategy
Alibaba Chairman Joe Tsai bought another 720,000 Hong Kong-listed shares, worth about HK$82 million, following the company’s HK$80-billion share sale to finance AI investments. CEO Eddie Wu and founder Jack Ma have also reportedly increased their holdings.
3. China’s Unitree robot shares face post-listing slump
Humanoid-robot maker Unitree has suffered a sharp post-listing decline, reviving concerns over excessive valuations and whether China’s rapidly expanding robotics sector can convert technological hype into sustainable commercial earnings.
4. Wall Street rebounds ahead of Nvidia results
US stocks recovered on Tuesday as technology shares bounced back. Investors are watching Nvidia’s earnings closely for evidence that the enormous AI investment cycle can continue to support valuations.
5. Japanese bond funds attract record foreign inflows
Japanese bond funds have recorded record inflows in 2026, with European investors increasingly attracted by higher Japanese yields. The shift reflects changing global interest-rate and currency dynamics.
💬 Business Quote Of The Day
“The best way to predict the future is to create it.”
— Peter Drucker
BILKUL BAZAAR
Business that matters. News that moves markets.
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