BILKUL BAZAAR— The Daily News Wrap
- Bilkul Bazaar
- 9:00 PM | 28 Sept – 29 Sept 2026
National Business News Highlights
1. Sensex, Nifty close lower as oil prices and foreign outflows weigh
Indian equities ended Tuesday in the red. The Sensex fell 242.65 points to 72,529.07, while the Nifty declined 64.05 points to 22,716.20. High crude prices and foreign investor selling remained key pressures.
2. Rupee falls below ₹96 against US dollar
The rupee touched a two-month low of ₹96.1450 per dollar as rising crude prices and foreign portfolio outflows added pressure on the currency.
3. Moneyview IPO allotment to be finalised
The ₹1,091.68-crore Moneyview IPO is scheduled for allotment today after receiving 98.46 times subscription by the close of bidding. Shares are expected to list on October 1.
4. Runwal Enterprises IPO enters final day
The Runwal Enterprises public issue entered its third and final day of bidding on Tuesday, with the issue attracting investor attention in the primary market.
5. US tariff exemption gives Indian pharma sector a boost
A group of patented speciality pharmaceutical products and ingredients imported from India has been exempted from the US’s new pharmaceutical tariff regime, benefiting Indian drugmakers and CDMO companies.
6. Tata Trusts proposes restructuring of Tata Sons
Tata Trusts has proposed restructuring Tata Sons by merging Tata Electronics Systems Solutions and Tata Consulting Engineers into the holding company. The proposal is aimed at keeping Tata Sons private and avoiding a potential listing requirement.
7. S&P sees no immediate rating impact from Tata Sons changes
S&P Global Ratings said a possible Tata Sons listing and leadership transition within the Tata group are unlikely to have an immediate impact on the ratings of key group entities.
8. Essar announces $18-billion US steel investment
The Essar Group plans an $18-billion investment in US steel manufacturing, including a proposed $15-billion steel complex in Iowa and nearly $3 billion already invested in a Minnesota iron-ore and pelletising project.
9. CBDT extends corporate tax filing deadline by 21 days
The Central Board of Direct Taxes has extended the deadline for corporate income-tax returns and audit reports for Assessment Year 2026-27 by 21 days from September 30.
10. Jio and Airtel add millions of mobile subscribers
TRAI data showed Jio added 2.4 million mobile users and Airtel 2.1 million in August. India’s overall wireless and fixed-wireless subscriber base reached 1,312.25 million.
International Business News Highlights
1. Anthropic targets massive valuation in planned IPO
AI company Anthropic’s IPO plans have renewed enthusiasm for technology stocks. Its prospectus points to a potential valuation above $2 trillion and highlights enormous planned spending on computing and infrastructure.
2. US stocks remain under pressure from high bond yields
US equities were broadly subdued as the 10-year Treasury yield climbed to around 5.08%, near its highest level since 2007. Higher yields are increasing pressure on stock valuations and borrowing costs.
3. European markets rise on technology stocks
The pan-European STOXX 600 gained 0.7% on Tuesday, led by technology shares, as renewed optimism surrounding artificial intelligence helped offset concerns over high oil prices and bond yields.
4. China expects trade and cross-border investment to keep growing
China’s foreign-exchange regulator said it expects trade in goods and services and cross-border investment to remain active despite external challenges. Beijing also plans measures to facilitate trade and widen foreign access to domestic financial markets.
5. China-US agree to pursue tariff cuts on $60 billion of goods
Washington and Beijing said they would pursue tariff reductions covering $60 billion of goods imported by each country, including agricultural products, toys and household goods, as part of efforts to ease trade tensions.
Quote of the Day
“The secret of getting ahead is getting started.”
— Mark Twain
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