BILKUL BAZAAR— The Daily News Wrap
- Bilkul Bazaar
- 9:00 PM | 10 Sept – 11 Sept 2026
National Business News Highlights
1. NSE sets ₹1,785 upper price band for landmark IPO
The National Stock Exchange is targeting a valuation of up to ₹4.42 lakh crore ($46.3 billion) for its long-awaited IPO. The issue opens September 17 and closes September 21.
2. Reliance Industries to raise ₹12,500 crore through bonds
Reliance Industries plans to return to the rupee bond market with a five-year ₹12,500-crore issue carrying a 7.47% annual coupon. It will be the company’s first such offering since November 2023.
3. RBI announces ₹1 lakh crore bond-sale operation
The Reserve Bank of India will sell government securities worth ₹1 lakh crore in three tranches from September 16 to absorb surplus liquidity from the banking system.
4. Indian markets suffer fifth straight weekly decline
The Sensex fell 0.16% to 74,781.76 and Nifty 0.34% to 23,398.10 on Friday. Both indices lost more than 2% during the week as expensive crude and geopolitical tensions weighed on investors.
5. IT stocks take biggest hit on rate-hike fears
Indian IT stocks fell sharply during the week, with the sectoral index losing 5.8%, as investors priced in the possibility of higher US interest rates. Financial stocks also declined, while Reliance Industries lost 4.9%.
6. E-commerce firms face tougher discount and advertising rules
New government rules will require online platforms to display the previous 30-day lowest price alongside discounted prices, clearly identify sponsored listings and stop manipulating search results. The rules take effect January 1, 2027.
7. Indian Bank launches AI-powered voice banking
Indian Bank unveiled AI-TARA, a voice-based banking assistant supporting services in 10 languages. It also launched Smart Wealth and IND Cash Optima for personal and corporate financial management.
8. RBI warns fintechs: customer data is a fiduciary responsibility
RBI Governor Sanjay Malhotra said fintech companies must treat customer data as a fiduciary responsibility rather than a business asset, highlighting trust and cybersecurity as critical to the sector’s growth.
9. India-Russia business ties target $100-billion trade
The India-Russia industrial fair in New Delhi highlighted opportunities in aviation, space, critical minerals, steel and technology, as the two countries work toward increasing bilateral trade to $100 billion by 2030.
10. FCNR deposits boost banking liquidity ahead of festive demand
Foreign-currency deposits mobilised through the banking system are strengthening liquidity and could support increased lending as India’s festive-season consumption picks up, according to banking-sector commentary.
International Business News Highlights
1. Oil remains above $100 despite Friday’s retreat
Brent crude fell more than 3% on Friday but remained on track for an over 8% weekly gain, amid fears of supply disruption through the Strait of Hormuz and Bab el-Mandeb.
2. US inflation strengthens expectations of a Fed rate hike
US consumer-price data has increased expectations that the Federal Reserve could raise interest rates at its next meeting. The prospect has pushed Treasury yields higher and increased pressure on global equity markets.
3. Global investors pull $15.5 billion from equity funds
Global equity funds recorded $15.52 billion in net outflows in the week to September 9, as investors reacted to rising oil prices and inflation risks. US equity funds accounted for the largest withdrawals.
4. Oracle gets boost from $664-billion AI/cloud backlog
Oracle shares rose after the company reported that its remaining performance obligations had increased by $26 billion to $664 billion, easing some concerns over the company’s heavy AI-related spending and debt.
5. China prepares for energy shocks through state oil majors
China’s Sinopec, PetroChina and CNOOC have spent hundreds of billions of dollars over the past decade building domestic production and strategic reserves. The strategy is now helping Beijing cushion the economy against disruptions to Middle Eastern oil supplies.
Quote of the Day
“No man will make a great business who wants to do it all himself, or to get all the credit for doing it.”
— Andrew Carnegie