BILKUL BAZAAR— The Daily News Wrap

Bilkul Bazaar

12 October 2026 | 9 PM, 11 October – 9 PM, 12 October

National Business News Highlights

1. Retail Inflation Rises to 5.54% in September

India’s retail inflation climbed to 5.54% in September, while food inflation surged to 7.74%, increasing concerns over household budgets and the outlook for interest rates.

2. RBI Opens Special Dollar Window for State-Run Oil Companies

The Reserve Bank of India introduced a special facility to meet the daily dollar requirements of Indian Oil, BPCL and HPCL. The measure aims to ease pressure on the rupee by reducing these companies’ demand for dollars in the foreign exchange market.

3. Sensex and Nifty Fall Amid Inflation and Oil Concerns

Indian benchmark indices declined on Monday as investors weighed rising inflation, elevated crude oil prices and foreign fund outflows. The Sensex fell 0.76%, while the Nifty 50 dropped 0.7%.

4. Zetwerk Announces IPO Price Band of ₹143–₹151

Manufacturing technology company Zetwerk set its IPO price band at ₹143–₹151 per share. The ₹5,012-crore offering is scheduled to open on October 15 and close on October 19, bringing a major industrial technology company to the public market.

5. Eight IPOs Target More Than ₹11,000 Crore This Week

India’s primary market is preparing for a busy week, with eight public issues—six mainboard and two SME offerings—expected to seek a combined ₹11,000 crore. The activity highlights continued fundraising through the equity markets.

6. Foreign Investors Withdraw ₹44,166 Crore From Indian Equities

Foreign portfolio investors withdrew ₹44,166 crore from Indian equities in October so far, taking their net outflows for 2026 beyond ₹3 lakh crore. High crude prices, a stronger US dollar and attractive opportunities in other markets are weighing on investor sentiment.

7. KEC International Bags ₹1,014-Crore Power Transmission Orders

KEC International secured new orders worth ₹1,014 crore in the transmission and distribution business, including its first 765-kV transmission line order. The contracts strengthen its presence in India’s power infrastructure sector.

8. Saatvik Green Energy Wins ₹100-Crore Solar Pump Order

Saatvik Green Energy secured an order worth ₹100 crore to supply and install 5,000 solar-powered agricultural pumps in Maharashtra. The project highlights the role of renewable energy in farm irrigation and rural infrastructure.

9. CreditAccess Grameen Secures ₹1,458-Crore Social Loan Facility

Microfinance lender CreditAccess Grameen secured a syndicated social loan facility worth ₹1,458 crore, strengthening its funding resources for lending operations. The development brings attention to financing channels supporting financial inclusion.

10. India’s FY27 Growth Forecast Raised to 7.5%

BMI, a unit of Fitch Solutions, raised its forecast for India’s economic growth in FY2026–27 to 7.5%, citing industrial activity. However, elevated oil prices remain a risk to the country’s growth outlook.

International Business News Highlights

1. Nobel Prize in Economics Awarded to Robert Hall and Michael Woodford

Economists Robert E. Hall and Michael Woodford won the 2026 Nobel Prize in Economic Sciences for their contributions to New Keynesian economic models. Their research has helped shape modern approaches to monetary policy, inflation and economic stabilisation.

2. US Stock Markets Trade Mixed as Earnings Season Begins

Wall Street opened a busy trading week with mixed movements. The Dow Jones Industrial Average gained 0.4%, while the S&P 500 slipped 0.1% and the Nasdaq fell 0.3%. Investors are focusing on corporate earnings, inflation data and energy prices.

3. European Shares Rise as Oil Prices Ease

European equities advanced as banking stocks gained and easing oil prices improved market sentiment. Investors also assessed prospects for an energy ceasefire between Russia and Ukraine ahead of a busy corporate earnings period.

4. Global Economic Growth Forecast at 2.6% for 2026

The United Nations trade body projected global economic growth of 2.6% in 2026, citing energy shocks linked to the Middle East crisis. The outlook underscores concerns about inflation, international trade and the resilience of the world economy.

5. Europe Considers a Tougher Trade Response to China

European policymakers are considering stronger measures against China’s trade practices, including potential retaliation mechanisms. The debate reflects growing concerns about industrial competition, strategic dependencies and the future of global trade relations.

Quote of the Day

The secret of getting ahead is getting started.

— Mark Twain

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