BILKUL BAZAAR— The Daily News Wrap
- Bilkul Bazaar
- 9:00 PM | 16 Sept – 17 Sept 2026
National Business News Highlights
1. NSE IPO opens to strong investor interest
The ₹2.3-billion NSE IPO opened for subscription today and had received about 42–43% subscription on Day 1, with retail and non-institutional investors participating actively. The issue remains open until September 21.
2. Tata Sons board approves Chandrasekaran’s five-year term
Tata Sons’ board approved a fresh five-year term for N. Chandrasekaran as executive chairman. The board also approved plans for a public listing of Tata Sons.
3. Applied Materials announces $5 billion India investment
US semiconductor equipment maker Applied Materials announced plans to invest $5 billion in India over the next decade, covering research, supply-chain expansion and workforce development.
4. Hero Motors IPO subscribed 3.37 times
Hero Motors’ IPO was subscribed 3.37 times by Day 2, with the retail portion receiving more than five times subscription, according to market updates.
5. Tata stocks gain after board decisions
Tata Motors, Tata Steel and Tata Investment Corporation were among the Tata-group stocks that advanced during Thursday’s session following the Tata Sons developments.
6. Indian markets end mixed
The Sensex closed almost flat at 74,314.59, down 0.03%, while the Nifty 50 gained 0.23% to 23,270.60. Investors weighed higher US interest rates, crude prices and heavy IPO activity.
7. Government cuts windfall tax on fuel exports
India reduced the export duty on diesel to ₹20 per litre from ₹25, while the levy on petrol was cut to ₹0.50 from ₹1.50 per litre.
8. India’s power-sector coal imports jump
Coal imports by India’s power producers rose 85.6% year-on-year to 5.52 million tonnes in August, driven by strong electricity demand and lower hydropower output.
9. Advent to invest $328.5 million in Yatharth Hospital
Private-equity firm Advent International plans to invest $328.5 million for a 24.9% stake in Yatharth Hospital, while the founding Tyagi family will remain the largest shareholder.
10. Oil India seeks to repatriate $300 million Russian dividend
Oil India is exploring ways to bring back around $300 million in dividends from its investments in two Russian energy assets, with the money currently stranded in Moscow.
International Business News Highlights
1. US Federal Reserve raises interest rates
The US Federal Reserve raised its benchmark interest rate by 25 basis points to 3.75%–4%, its first rate increase in more than three years, while signalling the possibility of further tightening.
2. Wall Street rebounds as oil prices ease
US stocks recovered on Thursday as falling oil prices and easing bond-market pressure improved investor sentiment. The S&P 500 rose 0.9%, the Dow 0.4% and Nasdaq 1.4%.
3. China and Hong Kong stocks decline
Chinese and Hong Kong markets fell after the Fed’s rate decision and signals of further hikes. Property, gold and non-ferrous metal stocks came under pressure.
4. Bank of England keeps rates unchanged
The Bank of England left interest rates unchanged but indicated that persistent inflationary pressure from energy costs could require tighter monetary policy later.
5. Wall Street banks see trading boom cooling
Major US banks including Bank of America, JPMorgan, Citigroup and Morgan Stanley are reporting signs that the rapid growth in trading revenues seen earlier this year is slowing in the third quarter.
Quote of the Day
“The secret of business is to know something that nobody else knows.”
— Aristotle Onassis
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