BILKUL BAZAAR— The Daily News Wrap
- Bilkul Bazaar
- 9:00 PM | 06 Sept – 07 Sept 2026
National Business News Highlights
1. India Inc’s foreign borrowing plans jump to $7.70 billion
Indian companies, including NBFCs, filed proposals to raise $7.696 billion through ECBs and FCCBs in July, up sharply from $6.09 billion in June.
2. Pixxel raises $100 million in Series C round
Indian space-tech startup Pixxel raised $100 million in a funding round led by Singapore-based investors, strengthening India’s rapidly expanding private space ecosystem.
3. Udaan agrees to acquire Swiggy’s LYNK Logistics for ₹500 crore
B2B commerce platform Udaan has agreed to acquire LYNK Logistics from Swiggy for about ₹500 crore, expanding its distribution and supply-chain capabilities.
4. Novartis India buys Pfizer’s Minipress brands for ₹1,250 crore
Novartis India approved the acquisition of the Minipress and Minipres trademarks from Pfizer for ₹1,250 crore, adding established cardiovascular brands to its portfolio.
5. RBL Bank plans to raise up to $1 billion overseas
RBL Bank’s board approved plans for a $1-billion Euro Medium Term Note programme, subject to regulatory and statutory approvals.
6. Pranav Constructions ₹351-crore IPO opens
The Mumbai redevelopment-focused company opened its ₹351-crore IPO today. The issue is priced at ₹118–124 per share and remains open until September 9.
7. NSE IPO moves closer after SEBI approval
The proposed NSE IPO, potentially around ₹30,000 crore, moved into focus after SEBI approval. State-linked shareholders including SBI, GIC Re and others could participate in the offer-for-sale.
8. RBI pulls more than ₹6 trillion of banking liquidity
The RBI withdrew more than ₹6 trillion of banking-system liquidity following a sharp increase in surplus funds, using its overnight operations to manage liquidity conditions.
9. Tata Motors begins all-cash offer for Iveco
Tata Motors has launched its all-cash offer for Italian commercial-vehicle maker Iveco Group, with acceptance opening September 7.
10. AB InBev India invests ₹200 crore in Rajasthan brewery
AB InBev India has invested ₹200 crore in its Neemrana brewery, which began operations in July and will supply markets including Rajasthan, Uttar Pradesh, Madhya Pradesh and Jharkhand.
🌍 International Business News Highlights
1. Oil moves towards $100 as Hormuz tensions disrupt supplies
Brent crude moved close to $100 a barrel, reaching around $97.93 intraday, as US-Iran tensions and disruptions around the Strait of Hormuz continued to threaten energy flows.
2. China plans $54-billion capital injection into banks and insurers
China announced a coordinated $54-billion capital boost for state-owned banks and insurers as Beijing attempts to strengthen its financial system amid weak loan demand.
3. China’s exports expected to accelerate in August
Economists expect China’s export growth to have strengthened in August, reinforcing exports as a key support for the world’s second-largest economy while domestic consumption remains weak.
4. Japan’s corporate investment strengthens
Japanese companies increased spending on plant and equipment in the April-June quarter, signalling stronger business confidence and potentially strengthening the case for further Bank of Japan rate increases.
5. Global markets hit by oil and inflation worries
Global equities came under pressure as rising oil prices and geopolitical tensions raised fears of renewed inflation and tighter monetary policy. Brent was around $97.5, while investors also looked ahead to key US inflation data.
💬 QUOTE OF THE DAY
“Growth drivers are shifting from consumption to investment.”