BILKUL BAZAAR— The Daily News Wrap
Bilkul Bazaar
- Bilkul Bazaar
- 9:00 PM | 28 Aug – 29 Aug 2026
National Business News Highlights
1. Jio Platforms gets SEBI observation letter for ₹37,700-crore IPO
Reliance Industries said Jio Platforms has received SEBI’s observation letter for its proposed IPO, clearing a major regulatory step toward what could become India’s largest-ever public issue.
2. India’s IPO pipeline set for another busy week
Three IPOs are scheduled to open next week, while eight companies are lined up for new listings, underlining continued strength in India’s primary market.
3. SEBI approves IPO plans of seven companies
SEBI has cleared IPO proposals involving companies including Jio Platforms, Paras Healthcare and Bharat PET, adding to an already strong pipeline of public issues.
4. September could see IPO fundraising surge toward ₹70,000 crore
The Indian primary market could see an exceptionally strong September, with Jio Platforms and other large offerings potentially taking monthly fundraising toward ₹70,000 crore.
5. Finance Minister invites global investors to manufacture and innovate in India
Nirmala Sitharaman urged global investors in Chicago to expand manufacturing and innovation activities in India, highlighting the country’s investment opportunities and policy environment.
6. Government to begin Budget 2027-28 preparations in October
The Finance Ministry will begin preparations for the Union Budget 2027-28 from October 12, with pre-Budget consultations scheduled thereafter.
7. Coal India flags concerns over gasification incentive scheme
Coal India has said some provisions of the government’s gasification incentive scheme could favour private-sector competitors, pointing to concerns over the bidding window and eligible project costs.
8. FSSAI bans sale of certain hing powder products
The food regulator has prohibited Everest Food Products and Laljee Godhoo from selling specified compounded asafoetida products, citing regulatory concerns.
9. Transformers & Rectifiers India bags large order from MEIL
Transformers & Rectifiers (India) announced a significant order from Megha Engineering & Infrastructures, adding to its business pipeline in the power-equipment sector.
10. Four companies receive SEBI clearance for IPO plans
Bharat PET, Sadbhav Futuretech, Paras Healthcare and MK Sons Fine Jewels received SEBI clearance for their proposed public offerings, further expanding India’s IPO pipeline.
International Business News Highlights
1. Trump announces US push to take control of Venezuelan oil resources
President Donald Trump announced an unprecedented US initiative involving Venezuela’s vast oil reserves, with implications for global energy markets and the country’s oil industry.
2. Fed Chair Warsh signals possible rate hike if inflation remains high
Federal Reserve Chair Kevin Warsh said the US central bank may need to raise rates if inflation remains above target, adding fresh uncertainty for global financial markets.
3. Wall Street ends lower after Warsh’s inflation warning
US stocks closed lower on Friday as investors reacted to the Federal Reserve’s renewed focus on inflation and the possibility of tighter monetary policy.
4. China’s CXMT to supply memory chips to Xiaomi
China’s leading memory-chip maker CXMT will supply its latest LPDDR6 DRAM chips for Xiaomi’s upcoming foldable smartphone, marking an important development for China’s semiconductor industry.
5. CXMT sues Pentagon over Chinese military-company designation
CXMT has sued the US government over its inclusion on a Pentagon list of companies allegedly linked to China’s military, highlighting continuing technology and semiconductor tensions between Washington and Beijing.
💬 QUOTE OF THE DAY
“The primary market continues to witness strong momentum.”
— On India’s IPO market and the expanding pipeline of public offerings.
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