BILKUL BAZAAR— The Daily News Wrap
- Bilkul Online
- 8:00 PM | 05 Nov –06 Nov 2026
National Business News Highlights
1. LIC Reports 20% Jump in Q2 Net Profit to ₹12,076 Crore
Life Insurance Corporation of India reported a 20.12% year-on-year increase in net profit to ₹12,076 crore for Q2 FY27. Net premium income rose 16.2% to ₹1.47 lakh crore, while assets under management reached ₹59.60 lakh crore.
2. Bharti Airtel Reclaims Second Spot among India’s Most Valuable Companies
Bharti Airtel overtook Jio Platforms to become India’s second-most valuable listed company, with a market capitalisation of approximately ₹13.15 lakh crore. Reliance Industries retained the top position.
3. Sensex and Nifty Extend Winning Streak for Seventh Consecutive Session
Indian equity benchmarks continued their upward momentum despite a global technology stock sell-off. Strong foreign investor inflows and easing crude oil prices supported domestic market sentiment.
4. Mahindra & Mahindra Reports 25% Growth in Q2 Profit
Mahindra & Mahindra reported a 25% year-on-year increase in consolidated profit to ₹4,588 crore for the September quarter. Revenue also registered 25% growth, reflecting strong operating performance.
5. Maxwell Engineering Solutions Makes Strong Stock Market Debut
Maxwell Engineering Solutions shares listed on the NSE Emerge platform at ₹300.20 against an IPO issue price of ₹158, delivering a listing premium of approximately 90%.
6. Indian Rupee Strengthens to Six-Month High against US Dollar
The rupee strengthened to 93.905 against the US dollar, its strongest level since April 22. Falling crude oil prices and renewed foreign investment inflows supported the currency’s recovery.
7. Sai Life Sciences Shares Rally after 17% Growth in Q2 Profit
Shares of Sai Life Sciences gained following a 17% year-on-year increase in Q2 net profit. Revenue grew 23%, reflecting continued growth in the pharmaceutical research and manufacturing business.
8. India’s Automobile Dealers Face Inventory and Financing Pressures
The Federation of Automobile Dealers Associations flagged concerns over rising vehicle inventories, financing costs and weakening rural demand. October retail registrations declined year-on-year, raising concerns about demand sustainability after the festive season.
9. Foreign Investors Pump Nearly ₹15,000 Crore into Indian Equities
Foreign institutional investors made net purchases of approximately ₹14,975 crore in Indian equities on November 5, marking their biggest single-day buying activity in more than a year.
10. Gold Prices Attract Investor Attention amid Global Uncertainty
Gold continued to attract investment interest amid international market volatility, central-bank buying and geopolitical uncertainty. Analysts projected domestic gold prices could reach ₹1.60–1.68 lakh per 10 grams over the next 6–12 months.
International Business News Highlights
1. Global Technology Sell-Off Wipes Trillions off Stock Market Valuations
Global markets witnessed a sharp correction as concerns over excessive artificial intelligence valuations and rising technology investment costs triggered heavy selling. The Nasdaq plunged 5.5% in its biggest single-day decline since April 2025.
2. China Blocks SoftBank’s $5.4 Billion Acquisition of ABB Robotics Business
China blocked SoftBank’s proposed acquisition of Swiss engineering company ABB’s robotics business in the country, creating a regulatory hurdle for the Japanese investment group’s planned $5.4 billion takeover.
3. Google Announces $17 Billion Investment in Wyoming Data Centre
Google announced a long-term investment of $17 billion to establish its first data centre in Wyoming, United States. The project will involve partnerships with energy and infrastructure companies and strengthen its AI and cloud computing infrastructure.
4. US October Jobs Growth Beats Expectations with 165,000 New Jobs
The United States added 165,000 jobs in October, significantly exceeding market expectations of 65,000. The unemployment rate eased to 4.1%, providing fresh indications of resilience in the American labour market.
5. Nvidia’s AI Chips Await Chinese Approval amid Technology Trade Uncertainty
Nvidia’s H200 artificial intelligence chips remained subject to Chinese regulatory approval in Hong Kong. The development highlights continuing uncertainty surrounding technology trade between the United States and China.
💬 Quote of the Day
“Success usually comes to those who are too busy to be looking for it.”
— Henry David Thoreau
Consistent effort, commitment and focus are the foundations of sustainable success.
BILKUL BAZAAR | Business Beyond Headlines.
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