BILKUL BAZAAR— The Daily News Wrap
- Bilkul Bazaar
- 9:00 PM | 11 Sept – 12 Sept 2026
National Business News Highlights
1. RBI rejects Tata Sons’ bid to remain private; listing moves closer
The Reserve Bank of India has rejected Tata Sons’ request to surrender its Core Investment Company registration. The decision brings the ₹2.01-lakh-crore holding company closer to a potential mandatory public listing.
2. NSE IPO set for September 17
The National Stock Exchange’s much-awaited IPO will open for public subscription on September 17 and close on September 21. The price band has been fixed at ₹1,700–₹1,785 per share.
3. LIC may be biggest anchor investor in NSE IPO
LIC is expected to emerge as a major investor in the anchor book of the NSE IPO, with Abu Dhabi Investment Authority and Carmignac also reportedly considering significant participation.
4. Global investors turn cautious on Indian equities
Foreign ownership of NSE-listed companies has fallen to a 17-year low, with some global funds cutting their India allocations to zero. High valuations, muted corporate earnings and the lack of a major AI investment theme are among the concerns.
5. India’s forex reserves jump by $44.9 billion in a week
India’s foreign exchange reserves recorded a massive weekly increase of $44.9 billion, taking the country to the world’s fourth-largest forex reserve holder.
6. RBI plans ₹1 trillion bond sales to absorb surplus liquidity
The RBI is preparing to drain around ₹1 trillion through bond sales as surplus cash in the banking system has risen sharply. The move is aimed at managing excess liquidity.
7. Bank of India mobilises $2.3 billion through FCNR deposits
Bank of India has raised around $2.3 billion through FCNR(B) deposits—almost twice its earlier target. The bank plans to use much of the funds to replace higher-cost deposits and bonds.
8. India-EU trade deal moves closer to final approval
India and the European Union are nearing the final stage of their long-running trade negotiations, with approval from the European Council now awaited. The agreement could significantly expand market access between the two economies.
9. BRICS pushes wider trade and finance cooperation
The BRICS New Delhi Declaration has opposed unilateral trade barriers and called for greater customs cooperation. The grouping is also working on mechanisms to improve trade finance and market access for MSMEs.
10. IndiGo, Air India battle for Mumbai–Delhi dominance
Competition on India’s busiest domestic air route is intensifying. IndiGo held 42.8% of seat capacity between April and September, narrowly ahead of the Air India Group at 41.9%, while Akasa Air’s share rose to 10.7%.
International Business News Highlights
1. US inflation strengthens rate-hike expectations
US consumer prices rose 3.4% year-on-year in August, matching expectations, while gasoline prices jumped sharply. Markets are increasingly pricing in a Federal Reserve rate hike, putting pressure on global borrowing costs.
2. US stocks rebound as oil prices ease
Wall Street recovered on Friday as falling oil prices eased inflation concerns. The S&P 500 rose 0.9%, Dow Jones 1% and Nasdaq 1%.
3. Saudi Arabia shuts major oil pipeline after drone attack
Saudi Arabia suspended operations on its East-West oil pipeline after a drone attack, raising concerns about global oil supplies and adding pressure to already volatile energy markets.
4. Canada pitches $1 trillion investment opportunity
Canada is seeking to attract as much as $1 trillion of global investment, targeting infrastructure, energy, nuclear power, ports and AI data centres as it seeks to strengthen its position as an investment destination.
5. Oracle plans another $700 million in restructuring costs
Oracle has increased its expected restructuring costs by about $700 million as the technology giant pushes ahead with cost reductions and heavy AI-related spending.
Quote of the Day
The earlier changes are discerned, the earlier the opportunities they create can be converted into innovations.
— Peter F. Drucker
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