BILKUL BAZAAR— The Daily News Wrap

• Bilkul Bazaar
• 9:00 PM | 20 Sept – 21 Sept 2026

 National Business News Highlights

1. NSE IPO Closes With 5.67x Subscription
The ₹22,569-crore NSE IPO closed on September 21 with the issue subscribed 5.67 times. Qualified institutional buyers led demand, while the retail portion was subscribed 1.35 times.

2. Sensex Gains 564 Points; Nifty Closes Above 23,400
Indian equities ended higher, with the Sensex rising 564 points to 74,894.86 and the Nifty gaining 67.90 points to 23,414.30. Pharma, FMCG and realty stocks led sectoral gains.

3. Microsoft Opens Fourth Data Centre in India
Microsoft launched its fourth Indian data-centre region in Hyderabad as part of its $20.5-billion investment commitment in India. The facility is designed to support Azure cloud and AI services.

4. Adani Power Announces ₹48,000-Crore Assam Project
Adani Power’s 3,200-MW ultra-supercritical thermal power project in Assam received a major push with the foundation stone laid. The project is expected to generate around 5,000 jobs when operational.

5. Motherson Arm to Acquire 50.1% of Rotary Connectors
Samvardhana Motherson Adsys Tech received approval to acquire a 50.1% stake in Rotary Connectors for ₹500 crore, expanding its presence in the automotive-components space.

6. Indian Oil to Invest $256 Million in Gas Pipeline
Indian Oil plans to invest about $256 million in the Kochi-Thoothukudi natural gas pipeline, supporting expansion of India’s gas infrastructure.

7. JSW Energy, JSW Steel Plan $300 Million Bond Raise
JSW Energy and JSW Steel are planning to raise around $300 million through bonds during October-December. The proposed borrowing includes about ₹1,500 crore by JSW Energy and ₹1,350 crore by JSW Steel.

8. Stellantis Takes Full Control of India Manufacturing JV
Automaker Stellantis has taken full control of its India manufacturing joint venture and plans to nearly triple production at its Tamil Nadu facility by 2027.

9. Core Infrastructure Growth Slows to 4.8% in August
India’s core infrastructure sector recorded 4.8% growth in August under the new index series, with the government also examining the impact of higher tariffs on Russian-oil buyers.

10. India-New Zealand Trade Pact to Start October 20
India’s free-trade agreement with New Zealand will come into force on October 20 following ratification. The pact is aimed at expanding trade in goods and services and encouraging investment.

 International Business News Highlights

1. Global Stocks Rise as Oil Prices Ease
Global equities moved higher as falling oil prices eased inflation concerns. The MSCI All-World index rose 0.4%, while European shares gained about 1.2%.

2. SoftBank Launches $11-Billion Bond Sale for OpenAI Investment
SoftBank has launched a bond sale comprising $10 billion in dollar bonds and €1 billion in euro bonds to help finance its investment in OpenAI.

3. Global Diesel Shortage May Continue Into 2027
Tight supplies linked to disruptions in the Middle East and Russia-Ukraine conflict have pushed diesel inventories to very low levels. Industry indicators suggest the shortage could persist into 2027.

4. Bangladesh Raises Fuel Prices by Up to 17.4%
Bangladesh increased fuel prices by as much as 17.4% amid higher global energy costs. The move is expected to increase transportation and production expenses and add to inflationary pressure.

5. Chinese Yuan Hits More Than 3½-Year High
China’s yuan strengthened to its highest level against the US dollar in more than three and a half years. The move came as the People’s Bank of China eased its resistance to currency appreciation ahead of the Trump-Xi summit.

Quote of the Day

“The secret of getting ahead is getting started.”
— Mark Twain

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