BILKUL BAZAAR— The Weekly News Wrap
- Bilkul Bazaar | Sunday Special
- The Week It Was | Sept 12 – 19 Sept 2026
National Business News Highlights
1. Tata Sons listing becomes the week’s biggest corporate story
The RBI’s decision not to allow Tata Sons to surrender its registration has strengthened the regulatory case for a stock-market listing. Tata Sons has begun preparations for compliance, while differences among Tata Trusts representatives have become public.
2. N. Chandrasekaran gets another five-year term
The Tata Sons board reappointed N. Chandrasekaran as chairman for another five years, while the board also moved ahead with preparations linked to RBI requirements.
3. NSE IPO opens with strong institutional interest
The ₹22,561.57-crore NSE IPO opened on September 17. By September 18, the issue was subscribed 1.15 times, with institutional investors providing strong demand, while retail participation remained comparatively lower.
4. UPI merchant charges set to begin from October 15
Certain merchant UPI transactions are set to attract charges from October 15, marking a change after years of zero-MDR transactions. The move has prompted concerns among merchant groups over the impact on businesses.
5. Indian markets hit a five-month low amid oil pressure
The Nifty 50 fell 1.19% on September 15 to close at 23,118.60, its lowest level in five months, while the Sensex declined 1.04%. Elevated crude prices and global bond yields weighed on investor sentiment.
6. India’s semiconductor push gains momentum
SEMICON India 2026 brought together hundreds of companies and highlighted India’s ambition to move beyond semiconductor assembly towards chip design, manufacturing and innovation. Nearly 50,000 registrations were recorded at the event.
7. L&T targets major share of global modularisation market
Larsen & Toubro said it is targeting a 20–30% share of the estimated $150-billion global modularisation market, following its work in delivering large industrial modules.
8. Kissht parent plans ₹832-crore preferential issue
OnEMI Technology, parent of digital lending platform Kissht, plans to raise ₹832 crore through a preferential issue. The funds are intended partly to strengthen its NBFC subsidiary and reduce leverage.
9. Corporate advance tax collections rise 18%
Corporate advance-tax payments increased 18%, while securities transaction tax revenue rose 53%, contributing to stronger direct-tax collections through September 17.
10. India-Canada trade talks make progress
India and Canada concluded another round of negotiations towards a comprehensive economic partnership agreement. Discussions cover areas including aerospace, AI and critical minerals, with Canada expressing optimism about completing the pact by year-end.
Weekly International Business News Highlights
1. US Federal Reserve raises interest rates
The US Federal Reserve raised its benchmark rate by 25 basis points to 3.75%–4%, its first increase in more than three years, citing inflationary pressures.
2. Bank of Japan raises rates to 31-year high
The Bank of Japan increased its policy rate to 1.25%, the highest level in 31 years, as the central bank continued its shift towards tighter monetary policy.
3. China keeps lending rates unchanged
China retained its one-year Loan Prime Rate at 3.00% and five-year LPR at 3.50%, marking the 16th consecutive month without a change.
4. US-China economic talks focus on AI, trade and critical minerals
US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng are holding talks covering tariffs, AI safeguards, rare earths and critical minerals ahead of the Trump-Xi summit.
5. Oil remains above $100 amid Middle East supply concerns
Crude prices remained above $100 a barrel during the week as attacks on Saudi energy infrastructure raised concerns about supply. Prices eased on Friday after China asked Iran to help limit Houthi attacks on Saudi oil facilities.
Quote of the Week
“No room for complacency.”
— Uday Kotak, on the priorities India needs to address to sustain its economic growth, including fiscal management, manufacturing and financial-sector development.
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