BILKUL BAZAAR— The Daily News Wrap
- Bilkul Bazaar
- 9:00 PM | 30 Aug – 31 Aug 2026
National Business News Highlights
1. India’s GDP growth surprises at 7.8%
India’s economy grew 7.8% year-on-year in April–June 2026, beating the 7.1% economist forecast. Manufacturing grew 9.2%, while financial services expanded 12.1%, highlighting strong domestic economic momentum.
2. Sensex, Nifty close lower amid global rate and oil concerns
Indian equities ended Monday weaker as higher crude prices and expectations of tighter global monetary policy weighed on sentiment. The Sensex fell about 0.4%, while the Nifty also declined.
3. HDFC Bank CEO Sashidhar Jagdishan to step down
HDFC Bank’s MD & CEO Sashidhar Jagdishan will not seek reappointment, putting leadership succession and governance at the centre of investor attention. The bank’s shares fell 1.6% on Monday.
4. Foreign investors return strongly to Indian equities
Foreign portfolio investors put $3.1 billion into Indian equities in August, the strongest monthly inflow in 23 months. However, India’s net FPI outflow for 2026 remains substantial.
5. MSCI reshuffle triggers ₹3.4 lakh crore closing-auction activity
India’s new stock-market closing auction faced its biggest test as MSCI’s quarterly reshuffle generated around $4.1 billion of NSE trades in the closing window—nearly 40 times the system’s average turnover since launch.
6. IPO activity remains red-hot
Several IPOs are open simultaneously, including Lumino Industries, Priority Jewels, ESDS Software Solution and Purple Style Labs. Three more issues—Ashutosh Fibre, Shanti Inorganics and Phychem Technologies—also opened today.
7. Augmont Enterprises makes strong debut
Augmont Enterprises listed on Monday at ₹961 against its ₹788 issue price, a gain of nearly 22%, after its IPO had received more than 100 times subscription.
8. TAFE plans ₹1,250-crore tractor manufacturing investment
Tractors and Farm Equipment Ltd. (TAFE), India’s second-largest tractor maker, is planning to invest ₹1,250 crore in a fifth manufacturing plant in northern India, expanding its production capacity.
9. Indian Bank to add 100 branches and 2,500 employees
Indian Bank plans to expand its branch network by around 100 branches and increase its workforce by approximately 2,500 in FY27 to support business growth and replace retiring staff.
10. Clean-air startup YOGa raises ₹20 crore
Indoor air-quality startup YOGa Clean Air has raised ₹20 crore in Series A funding led by Info Edge Ventures, with participation from Deepinder Goyal and Three Words Capital. The company plans expansion into Tier-I and Tier-II cities.
International Business News Highlights
1. Oil jumps as Gulf tensions threaten energy supplies
Renewed US-Iran tensions pushed Brent crude above $90 a barrel, raising fresh concerns about inflation, shipping and global energy costs.
2. Global bond markets face renewed selling pressure
Oil-price increases and expectations of higher interest rates have pushed bond yields higher across major markets. Eurozone yields reached multi-year highs while Japan’s two-year yield hit its highest level since 1995.
3. Shein raises $1.7 billion in Hong Kong IPO
Fast-fashion giant Shein raised approximately $1.7 billion in its Hong Kong listing at a valuation of around $26 billion, significantly below its earlier peak valuation as competition, tariffs and slowing growth weigh on the company.
4. SLB plans multibillion-dollar Kelvion acquisition
Energy-services giant SLB plans to acquire German thermal-management company Kelvion in a deal valued at about $3.4 billion, strengthening its position in cooling infrastructure for AI data centres.
5. Kenya airport strike disrupts thousands of travellers
A strike by airport workers at Kenya’s main international airport caused flight delays affecting thousands of passengers, highlighting the continuing vulnerability of aviation and tourism businesses to labour disruptions.
QUOTE OF THE DAY
“Data beats emotions.” — Sean Rad, co-founder of Tinder
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