📰 India Business Brief: Top Headlines for September 08, 2026

Business Standard

• RBI Absorbs Over ₹6 Trillion in Liquidity: The Reserve Bank of India undertook large-scale cash withdrawal operations through Variable Rate Reverse Repo (VRRR) auctions after banking system liquidity reached a record high of ₹11.6 trillion.
• Indian IPO Fundraising Approaches $10 Billion: Primary market momentum surged in Q3 2026, pulling year-to-date IPO proceeds near the $10 billion mark as a flurry of new offerings prepared to open on Dalal Street.
• India Joins US-Led 25-Nation 6G Initiative: India partnered with the United States and 24 other nations at the G20 Innovation Ministerial to collaborate on foundational security, competitiveness, and architecture standards for next-generation 6G telecommunications.
• Emkay Global Raises ₹50 Crore via Debt Placement: Financial services provider Emkay Global Financial Services completed the allotment of 5,000 non-convertible debentures (NCDs) carrying an 11.5% fixed coupon to list on the BSE debt platform.

The Economic Times

• ISRO Outsources Routine Satellite and Rocket Production: Adopting global operating frameworks seen at NASA and ESA, ISRO is shifting standard rocket manufacturing and routine satellite assembly to private aerospace partners to dedicate state resources to advanced exploration.
• Udaan to Acquire Swiggy’s Lynk Logistics: B2B e-commerce platform Udaan has reached an agreement to acquire Swiggy-owned FMCG and retail distribution network Lynk Logistics to bolster its supply-chain footprint.
• E-Commerce Festive Sales Projected to Grow Nearly 30%: Market analysts project an uptick close to 30% in festive season GMV driven by quick commerce expansion and deeper tier-2 and tier-3 market penetration.
• Banks Eye Dollar Debt and Overseas Capital: Major Indian lenders including Bank of Maharashtra, Canara Bank, and RBL Bank are preparing overseas foreign-currency issuances and global debt market tap programs.

Mint

• Reliance Jio Targets Mega IPO: Roadshows are set to commence as Reliance Jio outlines plans targeting a late-2026 public listing on domestic bourses.
• Temasek in Talks for $100M Bet on Blue Tokai: Global investment firm Temasek is negotiating a $100 million growth investment round in specialty coffee chain Blue Tokai to fuel brand expansion.
• Pernod Ricard India Appoints Investment Bankers for Listing: Liquor major Pernod Ricard has mandated four top investment banks as advisors for its planned Indian market listing.
• DGFT Launches API Framework for Trade Documentation: The Directorate General of Foreign Trade unveiled an automated API facility to digitize and expedite the Certificate of Origin application system for Indian exporters.

Tags: Headlines Business News Economic Times Business Standard Mint Top News