BILKUL BAZAAR— The Daily News Wrap
- Bilkul Online
- 8:00 PM | 28 Oct –29 Oct 2026
National Business News Highlights
1. Sensex Jumps 905 Points, Nifty Reclaims 22,900
Indian equity markets staged a strong recovery, with the Sensex rising 905.01 points to close at 74,151.04 and the Nifty gaining 237.90 points to 22,936.75. Banking, FMCG and IT stocks led the rally.
2. Coca-Cola’s Indian Bottling Business Targets $1 Billion IPO
Coca-Cola said plans for an IPO of its Indian bottling business remain on track, with a potential listing expected in the second quarter of 2027. The proposed offering is expected to be valued at around $10 billion.
3. High-Rated Companies Turn to Bond Markets for Funds
Companies with strong credit ratings are increasingly tapping bond markets as bank borrowing becomes more expensive. Institutions such as REC and SIDBI have accessed this route to meet their funding requirements.
4. India’s Deal-Making Remains Resilient Despite Market Weakness
Citi said India’s mergers and acquisitions activity remains resilient despite a weaker rupee and falling equity markets. Strategic transactions in healthcare, consumer businesses, infrastructure and technology are expected to support deal-making.
5. Bombay Coated and Special Steels Launches ₹183 Crore IPO
Bombay Coated and Special Steels opened its mainboard public issue, while the company also raised ₹54 crore from anchor investors ahead of the offering.
6. Government Approves ₹10,000 Crore Container Manufacturing Scheme
The Union Cabinet approved a ₹10,000 crore scheme to boost domestic container manufacturing, strengthen supply chains and reduce reliance on imports.
7. Bandhan Bank Reports More Than Fivefold Rise in Quarterly Profit
Bandhan Bank reported a sharp increase in second-quarter net profit to approximately ₹621.75 crore, while net interest income grew 14.38% year-on-year.
8. SEBI Plans Review of Foreign Portfolio Investor Compliance Rules
SEBI Chairman Tuhin Kanta Pandey said the regulator plans to issue a consultation paper on aligning foreign portfolio investor compliance requirements with global standards while maintaining investor safeguards.
9. India’s Industrial Production Growth Slows in September
India’s industrial production growth eased to 6.7% in September from 8% in August, with manufacturing and electricity output expanding while mining activity contracted.
10. Indian Mid-Market Companies Explore Overseas Acquisitions
Indian mid-sized businesses are increasingly looking at overseas acquisitions to expand their international presence, access new markets and strengthen supply chains, supported by improved financing options.
International Business News
1. US Federal Reserve Keeps Interest Rates Unchanged
The US Federal Reserve maintained its benchmark interest rate at 3.75%–4%, with two policymakers favouring a further increase. The decision influenced global market sentiment and investor expectations.
2. Italy’s Business Confidence Improves in October
Business confidence in Italy increased in October, while consumer confidence declined to 90.3 from 91.2 in September, indicating mixed signals about the eurozone’s economic outlook.
3. Tesla Begins Hiring in Vietnam Ahead of Potential Market Entry
Tesla began recruiting for several full-time positions in Vietnam, signalling preparations for a possible expansion into the Southeast Asian electric vehicle market.
4. US Economic Growth Expected to Receive Support from AI Investment
Artificial intelligence-related investment and consumer spending were expected to support US economic growth in the third quarter, highlighting technology investment’s growing role in the economy.
5. Malaysia Urges Businesses to Treat ASEAN as a Home Market
Malaysia’s investment development leadership urged companies to view the Association of Southeast Asian Nations as a unified regional market rather than merely an export destination, citing opportunities amid shifting global trade patterns.
Quote of the Day
“Opportunities don’t happen. You create them.”
— Chris Grosser
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