BILKUL BAZAAR— The Daily News Wrap
9:00 PM | 02 Aug -03 Aug 2026
National Business News Highlights
1. SIAM seeks extension of PM E-DRIVE localisation scheme
The Society of Indian Automobile Manufacturers (SIAM) has urged the government to extend localisation timelines for electric buses and trucks under the PM E-DRIVE programme to support industry transition.
2. India faces nine WTO disputes over trade policies
The Centre informed that India is currently involved in nine World Trade Organization disputes related to sugar subsidies, ICT tariffs and Production Linked Incentive (PLI) schemes.
3. Godrej Properties posts mixed Q1 performance
Godrej Properties reported a 42% decline in net profit for the first quarter, although its booking value increased 22%, reflecting healthy demand in the housing market.
4. Razorpay strengthens AI leadership
Fintech major Razorpay has hired senior executives from Microsoft, Salesforce and CRED to accelerate its artificial intelligence initiatives and product development.
5. Emami’s Q1 profit declines on higher costs
FMCG company Emami reported a 16.4% fall in quarterly net profit as rising raw material costs squeezed operating margins.
6. Indian refiners boost fuel exports
India’s petroleum refiners recorded their highest fuel exports in nearly a year, driven by strong refining margins and improved international demand.
7. FSSAI cracks down on misleading product claims
The Food Safety and Standards Authority of India has directed Dabur to stop marketing products carrying “100%” guarantee claims, citing the potential to mislead consumers.
8. Manufacturing activity slows but remains in expansion
India’s manufacturing sector expanded at a slower pace in July, though the HSBC PMI remained above the 50-mark, indicating continued growth.
9. SEBI proposes overseas fundraising route for REITs and InvITs
SEBI has proposed allowing listed REITs and InvITs to raise funds from overseas investors through depository receipts, broadening financing options.
10. Ardee Industries raises ₹128 crore from anchor investors
Ahead of its public issue, Ardee Industries has mobilised ₹128 crore from anchor investors, signalling healthy institutional interest in the IPO.
🌍 International Business News (Top 5)
1. Strait of Hormuz tensions keep oil markets on edge
Fresh security concerns in the Strait of Hormuz have renewed fears of supply disruptions, pushing crude oil prices higher in global markets.
2. Europe’s drought disrupts trade and power generation
Severe drought conditions across Europe are affecting inland shipping routes and forcing power plants to reduce operations, impacting regional economic activity.
3. U.S. stock futures rise on strong corporate earnings
Wall Street futures moved higher following upbeat earnings from major companies, while investors awaited results from technology and aerospace firms.
4. Bangladesh imports Indian green chillies to stabilise prices
Bangladesh has begun importing green chillies from India through the Benapole border to ease domestic shortages and control food inflation.
5. China faces pressure to support the yuan
China continues to struggle with economic headwinds as policymakers seek to maintain currency stability while stimulating domestic growth.
💬 Quote of the Day
“Success usually comes to those who are too busy to be looking for it.”
— Henry David ThoreauSend me the Bilkul Bazaar business wrap every night after 9 PM
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