BILKUL BAZAAR— The Daily News Wrap
- Bilkul Bazaar
- 9:00 PM | 03 Sept – 04 Sept 2026
National Business News Highlights
1. NSE IPO finally gets SEBI clearance
The long-awaited IPO of the National Stock Exchange (NSE) has received SEBI’s regulatory clearance. Sources indicate the issue could open around September 18, with listing targeted for the week beginning September 21.
2. India heads for a six-IPO day
India’s IPO market is accelerating, with a record six issues lined up for a single day next week as companies rush to tap investor appetite. India has already seen 165 IPOs raise $8.61 billion through August 26, according to LSEG data.
3. Rentomojo fixes IPO price band at ₹384–404
Furniture and appliance rental platform Rentomojo will open its IPO on September 9. The issue includes a ₹150-crore fresh issue along with an offer for sale, with listing planned on NSE.
4. Over 30 companies race against September 30 IPO deadline
More than 30 prospective issuers are rushing to launch their IPOs before their SEBI observations expire on September 30, potentially forcing companies that miss the deadline to go through a costly refiling process.
5. Indian stock market rebounds; Sensex gains 363 points
After four consecutive sessions of losses, Indian equities recovered on Friday. The Sensex rose 362.57 points to 76,515.43, while the Nifty gained 24.25 points to 23,897.70, helped by metal, private-bank and oil & gas stocks.
6. Foreign investors sell ₹3,112 crore of Indian equities
Foreign Institutional Investors were net sellers of ₹3,112 crore on September 4, while Domestic Institutional Investors bought ₹8,930 crore, providing support to the market.
7. India’s forex reserves hit record $740.80 billion
India’s foreign exchange reserves climbed to a fresh record of $740.80 billion in the week ended August 28. The increase was driven partly by heavy dollar inflows under special schemes, including large NRI deposits.
8. Swiggy faces MSCI index exit pressure
Swiggy shares ended 2.5% higher despite the company being removed from MSCI indexes. The move was expected to trigger an estimated $360 million in passive outflows from funds tracking the indexes.
9. Dixon Technologies eyes aerospace, defence and automobiles
Electronics manufacturer Dixon Technologies is looking beyond smartphones and consumer electronics, targeting higher-value opportunities in aerospace, defence, automotive, medical and industrial segments.
10. Indian private banks face leadership-transition challenge
Unexpected CEO departures at major private-sector banks are raising questions about succession planning and continuity of long-term business strategies, even as the sector maintains strong capital positions and relatively low bad loans.
International Business News Highlights
1. Xi Jinping plans major CEO delegation for US visit
Chinese President Xi Jinping is preparing to take a large group of Chinese business leaders with him during his planned Washington visit, signalling an effort to strengthen the commercial dimension of US-China engagement.
2. Chinese rare-earth suppliers halt some US shipments
Several Chinese rare-earth suppliers have paused shipments to US customers amid geopolitical tensions and concerns about possible retaliation from Beijing. The materials are critical for semiconductors, aerospace, defence and medical industries.
3. Volkswagen strikes turnaround deal; job cuts loom
Volkswagen’s supervisory board has approved an ambitious restructuring agreement, sending its shares to an 11-week high. The turnaround plan is expected to involve significant cost reductions and job cuts.
4. US adds 162,000 jobs in August
The US economy created 162,000 jobs in August, beating expectations and keeping the unemployment rate at 4.1%. The stronger labour-market report has increased speculation about the Federal Reserve’s interest-rate path.
5. Oil heads for biggest weekly gain since July
Crude oil prices are heading for a weekly gain of more than 6% as US-Iran tensions intensify. Diesel prices have also surged, raising fresh concerns about inflation and transportation costs worldwide.
💬Quote of the Day
“The way to get started is to quit talking and begin doing.”
— Walt Disney
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