BILKUL BAZAAR— The Daily News Wrap
- Bilkul Online
- 9:00 PM | 27 Oct –28 Oct 2026
National Business News Highlights
1. Jio Platforms Makes Historic Stock Market Debut — Jio Platforms listed on the BSE and NSE at around ₹1,358 per share, a premium of approximately 21% over its IPO price of ₹1,119. The debut marked a milestone for India’s capital markets following the country’s largest-ever IPO.
2. Sensex and Nifty Decline as Crude Oil Prices Surge — Indian equity benchmarks fell amid rising crude oil prices and concerns over inflation. Information technology shares faced significant selling pressure, while investors awaited the US Federal Reserve’s policy decision.
3. RBI Reportedly Intervenes to Support the Rupee — The Reserve Bank of India was reported to have intervened in the foreign exchange market as elevated oil prices put pressure on the rupee, highlighting concerns over India’s import bill and currency stability.
4. EAAA India Alternatives IPO Enters Final Subscription Day — The public issue reached its final day of bidding on October 28. Investors assessed subscription demand and the company’s financial prospects amid a busy primary-market calendar.
5. M.K. Sons Fine Jewels IPO Opens for Subscription — The jewellery company’s public issue opened on October 28 and is scheduled to remain available for bidding until October 30, adding to the activity in India’s IPO market.
6. BLS Polymers IPO Attracts Investor Attention — The public offering continued to draw interest as investors evaluated demand for the company’s shares and prospects in the polymers sector.
7. SFC Environmental Technologies IPO Continues — The IPO entered its second day of subscription on October 28 as investors assessed the company’s business outlook and the demand for environmental technology solutions.
8. Tata Capital Reports Strong Profit Growth — Tata Capital remained in focus following reports of a substantial increase in profit, supported by loan growth and higher interest income. The performance highlighted continued activity in India’s lending sector.
9. Infosys Faces Pressure Amid Growth Concerns — Infosys came under market scrutiny after analysts raised concerns about its annual sales outlook. The development added to weakness in the information technology sector.
10. GST Registration Process Set for Simplification — The Central Board of Indirect Taxes and Customs announced changes aimed at easing GST registration, including dropping the requirement for Udyam proof and setting a seven-day approval timeline under the revised process.
International Business News
1. South Korea’s SK Hynix Posts Record Quarterly Profit — Chipmaker SK Hynix reported operating profit of 83.3 trillion won, nearly seven times its year-earlier level, as demand for memory chips used in artificial intelligence infrastructure remained strong.
2. Asian Markets Rally on Technology Shares — South Korea’s Kospi and Japan’s Nikkei advanced as technology stocks gained. Investors tracked corporate earnings and demand for AI-related chips amid broader global market uncertainty.
3. Global Investors Await Federal Reserve Decision — Financial markets remained focused on the US Federal Reserve’s latest interest-rate decision. Investors assessed the implications for borrowing costs, currencies, bonds and equity valuations.
4. BNP Paribas Announces €1.3 Billion Share Buyback — The French banking group reported a 14% rise in quarterly net income to €3.46 billion and unveiled a €1.3 billion share buyback programme, signalling confidence in its financial position.
5. UBS Reports $2.7 Billion Quarterly Profit — Swiss banking giant UBS reported quarterly profit of $2.7 billion, with its integration of Credit Suisse remaining on track for completion by the end of the year.
Quote of the Day
“Success usually comes to those who are too busy to be looking for it.”
— Henry David Thoreau
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