BILKUL BAZAAR— The Daily News Wrap

• Bilkul Bazaar
• 9:00 PM |  26 Aug – 27 Aug 2026

 National Business News Highlights

1. India Inc sales jump 19.4% in Q1 FY27: RBI
India’s private corporate sector recorded a sharp acceleration in sales growth to 19.4% year-on-year in Q1 FY27, compared with 13.9% in the previous quarter. Manufacturing, particularly automobiles, led the recovery, while operating profits also improved.

2. RBI relaxes rules for large FCNR(B) currency swaps
The Reserve Bank of India has relaxed the weekly access rule for FCNR(B) swaps above $100 million. The swap facility has already attracted $72.85 billion of inflows as of August 21, strengthening the banking system’s foreign-currency liquidity.

3. India seeks to expand its trade agreement with Japan
Commerce Minister Piyush Goyal said India wants to review and expand the 15-year-old India-Japan CEPA, making it more contemporary and opening new opportunities for Indian exporters. Japanese companies are also looking to increase sourcing and investment in India.

4. South Korea’s DN Solutions opens ₹600-crore India plant
Machine-tool manufacturer DN Solutions has opened its first Indian manufacturing facility in Bengaluru with an investment of about ₹600 crore, adding another major foreign manufacturing investment to India’s industrial ecosystem.

5. Wipro Consumer Care enters India’s pet-food market
Wipro Consumer Care and Lighting is entering the rapidly expanding Indian pet-food business and plans to invest about ₹150 crore, marking a new diversification move for the company.

6. JSW puts Odisha battery plant on hold
JSW Group has put its proposed battery manufacturing project in Odisha on hold because of constraints related to LFP battery technology, highlighting the challenges facing India’s attempt to build a domestic battery ecosystem.

7. ACME Solar secures ₹1,571-crore project financing
ACME Solar Holdings has secured ₹1,571 crore in long-term financing from IIFCL for a 300-MW assured-peak-power project in Rajasthan. Its total financing secured during the current financial year has now reached ₹10,976 crore.

8. Lumino Industries IPO subscribed 1.42 times on Day 1
The ₹700-crore Lumino Industries IPO received bids for 8.98 crore shares against 6.32 crore shares on offer, taking subscription to 1.42 times on its opening day. The issue closes on August 31.

9. Symbiotec Pharmalab IPO ends with massive 71.26x subscription
Symbiotec Pharmalab’s IPO closed with subscription reaching 71.26 times, with investors bidding for 93.52 crore shares against 1.31 crore shares offered. The issue included a fresh issue of ₹150 crore and an offer for sale of ₹1,607 crore.

10. Indian markets fall; Sensex loses 539 points
Indian equities suffered their second consecutive decline. The Sensex fell 539 points to 76,933.59, while the Nifty declined 116.9 points to close below 24,100. HDFC Bank was among the major drags, while monthly derivatives expiry added to volatility.

International Business News Highlights

1. Nvidia outlook boosts global technology stocks
Nvidia’s upbeat outlook for AI-chip demand sent technology shares higher globally. The company is forecasting approximately 70% revenue growth into fiscal 2028, reinforcing expectations that AI infrastructure spending remains strong.

2. Accenture to acquire Japan’s COMWARE
Accenture has agreed to acquire Japanese technology-services company COMWARE to strengthen its Accenture Edge business and expand AI-driven digital transformation services for mid-market companies in Japan. Financial terms were not disclosed.

3. Meta agrees to $18-billion settlement over teen-use allegations
Meta Platforms has agreed to an $18-billion settlement concerning allegations surrounding teenage use of Facebook and Instagram. The agreement is expected to impose restrictions related to teen usage and platform practices.

4. TD Bank profit jumps on capital-markets boom
Canada’s TD Bank reported third-quarter profit of C$4.62 billion, sharply above C$3.34 billion a year earlier. Its wholesale banking income surged 87% as trading, lending and investment-banking activity strengthened.

5. OPEC+ loses influence as China gains greater oil-market clout
The Iran conflict and disruption around the Strait of Hormuz have weakened OPEC+’s ability to influence global oil markets. Reuters reports that the group’s market share has fallen from more than 48% before the war to about 40%, while China’s changing oil demand is giving Beijing greater influence over the market.

💬 QUOTE OF THE DAY

“The best way to predict the future is to create it.”
— Peter Drucker

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