BILKUL BAZAAR— The Daily News Wrap
- Bilkul Bazaar
- 9:00 PM | 01 Sept – 02 Sept 2026
National Business News Highlights
1. India’s economy grows 7.8% in April–June quarter
India recorded 7.8% GDP growth in Q1 FY27, beating the RBI’s 7% projection. Manufacturing and services were major contributors.
2. Private investment emerges as a stronger growth engine
Private-sector capital investment rose 11.9% year-on-year in the April–June quarter, signalling a broader investment revival beyond government-led infrastructure spending.
3. RBI forex swap attracts more than $136 billion
The RBI’s recent foreign-exchange swap operation mobilised $136.37 billion, with FCNR(B) deposits accounting for the overwhelming majority of the mobilisation.
4. GST collections remain strong
India’s August GST collections rose by nearly 15%, continuing a strong run for tax revenues even as manufacturing sentiment weakened.
5. UPI crosses 24 billion transactions
UPI transaction volume crossed the 24-billion mark for the first time in August, highlighting the continuing expansion of India’s digital-payments economy.
6. Semiconductor strategy puts chip design in focus
The government’s Semicon 2.0 framework is placing greater emphasis on domestic chip design and intellectual property, with the aim of strengthening India’s semiconductor ecosystem.
7. Bank credit to industry and services accelerates
Credit growth to major industrial and services sectors crossed 20% in July, pointing to stronger demand for working capital and investment financing.
8. E-commerce and logistics companies step up festive hiring
With the festive season approaching, companies including Meesho and Amazon are expanding their temporary workforce. Amazon has created more than 160,000 seasonal work opportunities across its India operations network.
9. Yotta Data Services prepares for IPO
Hiranandani Group-backed data-centre company Yotta Data Services is looking at filing draft IPO papers as early as October and is also exploring pre-IPO funding.
10. Indian stock market falls as crude oil rises
The Sensex fell 373.93 points to 76,570.35, while the Nifty declined 141.35 points to 23,914.45. Rising crude prices and escalating tensions in West Asia weighed on investor sentiment.
International Business News Highlights
1. Oil climbs as US-Iran conflict threatens energy supplies
Brent crude rose to around $95 a barrel, its highest level in five weeks, as renewed US-Iran attacks increased concerns about disruption to global energy supplies.
2. Global bond sell-off deepens
Government borrowing costs continued climbing across the US, Europe and Japan, with investors increasingly worried about inflation, oil prices and high government debt.
3. Wall Street starts September under pressure
US stocks fell at the start of September, with the Dow down 0.79%, S&P 500 down 0.71% and Nasdaq down 1.03%, as rising yields and oil prices unsettled investors.
4. Ryanair warns of impact from expensive jet fuel
Europe’s largest budget airline Ryanair has cut its FY2027 traffic target and warned that higher oil prices are putting pressure on the airline industry.
5. German industry faces growing Chinese competition
German manufacturers are under increasing pressure as Chinese companies compete more aggressively in sectors traditionally dominated by Germany, raising concerns for the country’s export-driven industrial model.
💬 QUOTE OF THE DAY
“The way to get started is to quit talking and begin doing.”
— Walt Disney
BILKUL BAZAAR
Business News. Simply Explained.
Note: You can support us by sponsoring this column. Write at editorbilkul@gmail.com 🌷 Thank You