BILKUL BAZAAR— The Daily News Wrap
9:00 PM |13 – 14 Aug 2026
National Business News Highlights
1. Markets End Week Lower as Crude Oil, Middle East Tensions Weigh
Indian equities ended the week in the red, with the Nifty 50 falling 0.8% to 24,366 and the Sensex declining 0.6% to 78,009. Rising crude prices and geopolitical concerns weighed on sentiment.
2. Tata Motors PV Profit Plunges 80%; Shares Fall Sharply
Tata Motors Passenger Vehicles reported an 80% year-on-year decline in quarterly net profit. Shares fell as much as 6% after the company warned of continued margin pressure and higher costs.
3. 3M India Profit Jumps 32% on Strong Industrial Demand
3M India reported a 32% rise in first-quarter profit, supported by healthy demand across its consumer, safety and industrial product businesses.
4. Gaja Capital IPO to Open on August 19
Gaja Alternative Asset Management, operating as Gaja Capital, is set to launch its ₹550-crore IPO on August 19. The issue comprises a ₹450-crore fresh issue and ₹100 crore offer for sale.
5. LEAP India Makes Stock Market Debut
LEAP India shares listed at around a 4% premium to the ₹159 IPO price, opening at ₹166 on BSE and ₹165.90 on NSE. The stock subsequently came under selling pressure.
6. Technocraft Ventures Lists at Over 34% Premium
Technocraft Ventures made a strong debut on the stock exchanges, with its shares listing at more than a 34% premium to the IPO price, giving investors a robust opening-day gain.
7. Behari Lal Engineering IPO Gets 108 Times Subscription
The ₹302-crore Behari Lal Engineering IPO received overwhelming investor demand, with the issue subscribed 108 times by the close of bidding.
8. Zetwerk Files Updated IPO Papers to Raise ₹2,600 Crore
Manufacturing services company Zetwerk has filed updated IPO documents seeking to raise about ₹2,600 crore through a fresh issue, with the proceeds aimed partly at reducing debt.
9. Shiprocket IPO Fully Subscribed
Temasek-backed logistics company Shiprocket’s approximately $170-million IPO was fully subscribed, signalling strong investor interest in India’s growing logistics and e-commerce infrastructure sector.
10. RBI Shortens FCNR Deposit Swap Window to August 31
The Reserve Bank of India has advanced the deadline for its FCNR(B) deposit swap facility to August 31 from September 30 after banks attracted $52.30 billion through the scheme by August 13.
International Business News Updates
1. Apple Develops China-Specific AI Model with Alibaba Support
Apple has trained a large language model specifically for the Chinese market with support from Alibaba, according to sources, as the company works to strengthen its AI offering in China.
2. Chinese Automakers Drive Overseas Sales Surge
Chinese vehicle exports jumped 88% in July, even as domestic sales fell for the tenth consecutive month. Automakers such as BYD and Geely are increasingly turning to overseas markets for growth.
3. Dangote Refinery Plans Major October IPO
Nigeria’s Dangote Petroleum Refinery is preparing for an October IPO aimed primarily at Nigerian retail investors. The offering could become Africa’s largest IPO.
4. Global Markets Stay Near Record Highs
Global equities remained close to record levels as softer US inflation eased fears of further Federal Reserve rate hikes. The MSCI All-World index was headed for its third straight weekly gain.
5. US Retail Sales Fall, Raising Growth Concerns
US retail sales declined 0.6% in July, weaker than expected, while consumer confidence also softened. The data has intensified debate over the US economy and the Federal Reserve’s future rate decisions.
💬 Quote of the Day
“The best way to predict the future is to create it.”
— Peter Drucker
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