BILKUL BAZAAR— The Daily News Wrap
- Bilkul Bazaar
- 9:00 PM | 04 Oct – 05 Oct 2026
1. Jio Platforms likely to launch ₹3.8-billion IPO on October 21
Jio Platforms is reportedly preparing for what could become India’s biggest-ever public offering, targeting around $3.8 billion through its IPO.
2. Sensex gains 473 points; Nifty closes above 22,550
Indian equities bounced back on Monday, with the Sensex gaining 473 points and the Nifty ending at 22,556. ITC was among the major gainers.
3. L&T wins power transmission orders worth up to ₹15,000 crore
Larsen & Toubro secured multiple large engineering and construction orders across India and overseas, strengthening its power transmission and renewable-energy infrastructure business.
4. HDFC Bank advances rise 16.3% year-on-year
HDFC Bank reported provisional gross advances of ₹32.20 lakh crore as of September 30, representing 16.3% year-on-year growth. Deposits also increased strongly.
5. TVS Automobile Solutions raises ₹425 crore
myTVS, the automotive aftermarket platform of TVS Automobile Solutions, raised ₹425 crore in a Series D funding round to support expansion in India and international markets.
6. PhysicsWallah sells ₹95.8 crore loan portfolio
PhysicsWallah’s lending subsidiary sold its loan book to Auxilo Finserve as part of a strategic shift away from direct lending towards partnerships with established NBFCs.
7. Flipkart invests in TravClan to expand international travel business
Flipkart has invested in travel-tech company TravClan as it looks to strengthen international travel supply, holiday offerings and on-ground support through its travel businesses.
8. Ola Electric rights issue gets promoter backing
Ola Electric founder Bhavish Aggarwal is backing the company’s rights issue, with shares pledged against Krutrim Data Centre debentures to help fund his participation.
9. Shyam Metalics plans ₹50,000 crore Maharashtra steel complex
Shyam Metalics has signed an MoU for a 9-million-tonne-per-year steel complex in Chandrapur, Maharashtra. The project is planned in two phases and is expected to generate thousands of jobs.
10. IndiGo raises fuel surcharge as ATF costs climb
IndiGo has increased fuel charges on domestic and international flights, citing a sharp rise in aviation turbine fuel prices and higher operating costs.
International Business News Highlights
1. Schneider Electric to acquire PTC for $22.6 billion
France’s Schneider Electric has agreed to acquire US industrial software company PTC in a landmark $22.6-billion all-cash deal, strengthening its industrial software and AI capabilities.
2. Nasdaq hits record high as technology stocks lead gains
US technology stocks remained strong, with the Nasdaq reaching a record level as investors continued to favour major technology and AI-related companies.
3. Brazil markets surge after presidential election result
Brazilian financial markets rallied sharply after the first round of the presidential election, with investors responding positively to expectations of potentially business-friendly economic policies.
4. Japan services growth slows in September
Japan’s services sector continued to expand in September, but growth slowed from the previous month’s five-month high as business activity and new orders moderated.
5. Australia’s Firmus plans IPO of up to $5.5 billion
Australian data-centre operator Firmus is preparing a major IPO that could raise up to $5.5 billion, reflecting continued investor interest in the rapidly expanding data-centre sector.
Quote of the Day
In the business world, the rearview mirror is always clearer than the windshield.”
— Warren Buffett