BILKUL BAZAAR— The Daily News Wrap
9:00 PM | 31st July –01st Aug 2026
National Business News Highlights
GST Collections Rise 15.4% to Over ₹2.11 Lakh Crore in July
India’s gross GST collections crossed ₹2.11 lakh crore in July, reflecting strong economic activity and improved tax compliance.
- Indian Oil Boosts Spot Crude Purchases
Indian Oil Corporation significantly increased spot crude imports and diversified sourcing from West Africa and Latin America amid supply disruptions in the Middle East. - RBI’s Dollar Swap Facility Draws $40.8 Billion
The Reserve Bank of India’s special forex swap window attracted over $40 billion in inflows by July-end, strengthening foreign exchange reserves and liquidity. - Hyundai Motor India Records Best-Ever July Sales
Hyundai Motor India reported its highest-ever July sales of 75,360 units, supported by strong domestic demand and record exports. - Air India Expands Canada Operations
Air India introduced its new Boeing 787-9 Dreamliner on the Delhi–Toronto route, increasing monthly capacity and enhancing premium travel options. - JSW Greentech Enters Electric Bus Manufacturing
JSW Greentech rolled out its first batch of electric buses from its Dolvi facility, marking its entry into India’s growing electric mobility market. - Foreign Investors Turn Positive on Indian Equities
Global investors are showing renewed interest in Indian stocks after months of outflows, with analysts calling valuations increasingly attractive. - Zepto Plans Fresh Pre-IPO Fundraising
Quick-commerce platform Zepto is preparing another funding round ahead of its proposed public listing, strengthening its expansion plans. - Government Pushes Offshore Energy Exploration
The Centre continued promoting the “Samudra Manthan” initiative to accelerate offshore oil and gas exploration and improve India’s energy security. - GeM Completes 10 Years
The Government e-Marketplace (GeM) completed a decade as India’s flagship digital public procurement platform, expanding participation by MSMEs and startups.
International Business News
- Wall Street Ends Week Higher
U.S. markets closed the week with gains as investors looked ahead to major corporate earnings and assessed the Federal Reserve’s policy outlook. - Fed Holds Interest Rates Steady
The U.S. Federal Reserve kept benchmark interest rates unchanged, citing stable inflation and balanced economic conditions. - Shein IPO Valuation Faces Pressure
Global investors continued to assess Shein’s downsized IPO plans amid softer margins and changing market conditions. - China’s Rapid AI and Chip Advances Shake Global Tech Industry
China’s latest breakthroughs in AI models, robotics and semiconductor technologies are intensifying global technology competition. - Vietnam Strengthens Manufacturing Growth
Vietnam continued expanding its manufacturing sector with new policy initiatives aimed at attracting global investment and boosting exports.
💬 Quote of the Day
“Success is where preparation and opportunity meet.” — Bobby Unser
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