BILKUL BAZAAR— The Daily News Wrap

• Bilkul Online
• 9:00 PM |  25 Oct –26 Oct  2026

National Business News Highlights

1. India-US Trade Deal Enters Final Fine-Tuning Stage

Commerce Minister Piyush Goyal said India and the United States are refining their bilateral trade agreement after concluding most discussions. The deal could influence tariffs, export competitiveness and business opportunities between the two economies.

2. Centre Extends Export Risk-Cover Scheme Until March 2027

The government extended the RELIEF initiative until March 31, 2027, to support exporters facing higher shipping and insurance costs amid West Asian disruptions. Eligible exporters can receive up to 95% risk coverage under the scheme.

3. Chinese Solar Export Curbs May Affect India’s Manufacturing Push

Proposed Chinese restrictions on solar technology exports could delay India’s domestic manufacturing expansion. The development highlights the challenges facing India’s efforts to strengthen local supply chains and reduce dependence on imported technology.

4. SBI Chairman Sees Scope for Further Interest-Rate Hikes

State Bank of India Chairman C. S. Setty indicated that another 50 basis points of rate hikes could be possible. He also expressed confidence that retail loan asset quality would remain resilient despite potential increases in borrowing costs.

5. Government Targets Public Debt at 50% of GDP by 2030

Finance Minister Nirmala Sitharaman reiterated the government’s commitment to fiscal discipline, highlighting a target of reducing public debt to 50% of GDP by 2030. The approach aims to balance economic growth with sustainable government finances.

6. India May Extend Duty-Free Cotton Imports Through December

India is considering extending duty-free cotton imports through December to support textile manufacturers and manage raw-material costs. The move could provide relief to spinning mills and garment exporters while influencing domestic cotton prices.

7. Nine IPOs Target ₹2,768 Crore in Fundraising This Week

India’s primary market is preparing for five mainboard and four SME public issues seeking a combined ₹2,768 crore. EAAA India Alternatives, SFC Environmental Technologies and MK Sons Fine Jewels are among the major offerings.

8. Tata Consumer Products Reports Strong Quarterly Growth

Tata Consumer Products reported a 16% year-on-year increase in net profit and 14% growth in revenue for the September quarter. The performance reflects continued activity across its consumer products businesses.

9. Indian Overseas Bank Posts 56% Jump in Quarterly Profit

Indian Overseas Bank reported a 56% rise in second-quarter net profit to ₹1,912 crore. Improved operating performance and interest income supported the public-sector lender’s results.

10. Quick-Commerce Sector May Need 75 Million Sq Ft of Logistics Space by 2030

India’s quick-commerce industry is projected to require around 75 million square feet of urban logistics space by 2030, according to a CBRE estimate. The expansion reflects rising demand for rapid deliveries and the need for strategically located warehouses.

International Business News Highlights

1. Brazil’s Election Result Triggers Market Uncertainty

Brazilian financial markets reacted sharply after Luiz Inácio Lula da Silva secured another presidential term. Investors assessed the potential implications for fiscal policy, the currency and the country’s investment climate.

2. Global Markets Turn Cautious Ahead of Major Tech Earnings

Investors adopted a cautious stance as major technology companies prepared to announce quarterly results. Concerns about artificial intelligence valuations and the sustainability of technology-sector spending weighed on sentiment across Asian markets.

3. Oil Prices Ease Amid Hopes of US-Iran De-escalation

International crude prices retreated from recent highs amid reports of diplomatic efforts to ease US-Iran tensions. However, geopolitical risks and possible supply disruptions continued to keep energy markets volatile.

4. Major Central Banks Face Critical Policy Decisions

Investors prepared for policy announcements from the US Federal Reserve, Bank of Japan and European Central Bank. Inflation pressures, higher energy costs and bond yields remain key factors influencing interest-rate expectations and global investment decisions.

5. Asian Technology Shares Decline Ahead of Earnings Week

Chinese shares fell as technology stocks weakened and investors reassessed the outlook for artificial intelligence-related investments. Upcoming results from major chipmakers and other technology companies are expected to provide fresh signals about global demand and corporate profitability.

Quote of the Day

“Price is what you pay. Value is what you get.”

— Warren Buffett

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