BILKUL BAZAAR— The Daily News Wrap
- Bilkul Bazaar
- 9:00 PM | 21 Sept – 22 Sept 2026
National Business News Highlights
1. NSE IPO closes with ₹90,000 crore-plus bids
The ₹22,561-crore NSE IPO closed with 5.71 times subscription, attracting bids worth more than ₹90,000 crore. The issue is set to list on September 24.
2. 23 companies race to launch IPOs before September 30
At least 23 companies seeking to raise a combined ₹40,775 crore face a September 30 deadline to launch their IPOs or risk having to refile their offer documents.
3. AceVector sets ₹4,200-crore IPO
Snapdeal parent AceVector has fixed a price band of ₹30–32 for its IPO, which will open on September 25. The company is seeking a valuation of up to about ₹17,410 crore.
4. MSME credit rises to ₹47.4 lakh crore
Credit to India’s MSME sector rose 12.5% year-on-year to ₹47.4 trillion by June 2026, with lending increasingly concentrated in established industrial and trading clusters. Ahmedabad, Mumbai, Bengaluru, Pune and Rajkot were among the major hubs.
5. Sensex, Nifty give up early gains
Indian equities turned weaker in Tuesday’s session as foreign fund outflows and geopolitical concerns weighed on sentiment. IT stocks extended their decline for a third consecutive session.
6. Government prepares for September bank strike
The Finance Ministry has asked public-sector and regional rural banks to maintain essential services and ensure adequate ATM cash during the September 28–30 bank strike.
7. Core-sector growth slows to 4.8%
India’s eight core industries recorded 4.8% growth in August, a four-month low, with weakness in sectors including coal and iron ore affecting overall expansion.
8. GST 2.0 supports consumer demand
One year after the GST rate overhaul, official collections and consumer-facing sectors such as automobiles, televisions and FMCG are showing signs of stronger activity, although geopolitical risks remain.
9. India-New Zealand FTA to take effect October 20
The India-New Zealand free trade agreement will come into force on October 20, with the government saying it is expected to support trade, investment, agriculture, manufacturing and startups.
10. PhonePe gets UAE payments licence approvals in principle
PhonePe has received in-principle approval from the UAE central bank for two payments licences, marking another step in the Indian fintech company’s international expansion.
International Business News Highlights
1. Global stocks rise as AI optimism returns
Global equities advanced on Tuesday, helped by renewed enthusiasm for artificial intelligence and easing oil prices. European semiconductor stocks were among the gainers.
2. Oil prices remain near $100 amid supply concerns
Brent crude moved around the $100-a-barrel mark as markets watched developments involving US-Iran relations and Middle East oil supplies.
3. Saudi Arabia restarts East-West oil pipeline
Saudi Arabia has restarted operations on its East-West pipeline following last week’s disruption, potentially allowing exports through the Red Sea port of Yanbu to resume.
4. Venezuelan oil traders seek deeper discounts
Global oil traders Vitol and Trafigura are seeking larger discounts on Venezuelan crude as sharply higher tanker costs squeeze trading margins.
5. Trump-Xi meeting draws global market attention
Investors are closely watching the upcoming meeting between US President Donald Trump and Chinese President Xi Jinping, particularly for signals on trade relations and cooperation in artificial intelligence.
QUOTE OF THE DAY
“India is the fastest-growing economy in the world.”
— Jamie Dimon, Chairman and CEO, JPMorgan Chase, while discussing India’s economic growth and investment environment.
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