Bank of India reports Q2 profit of INR 3,202 crore, with gross NPA ratio at 1.60%
The bank's supplied release reports 25.34% year-on-year profit growth and a rise in net interest income for the September quarter.
Sanjay Borade
EAAA and SFC Environmental IPOs to open next week
EAAA's offer opens on October 26 and is entirely an offer for sale. SFC follows on October 27 with fresh equity and a shareholder sale.
Eveready launches rechargeable ULTIMA liquid vaporiser with INR 299 price tag
Eveready says its rechargeable ULTIMA liquid vaporiser is priced at INR 299 and available through online and retail channels. The company had already disclosed a launch in selected markets during the April–June quarter.
Zetwerk, Bonfiglioli and Sahajanand IPOs to open on October 15
The three companies have announced October 15–19 subscription windows. Zetwerk's offer includes INR 2,830 crore of fresh capital; Bonfiglioli and Sahajanand are entirely shareholder-sale offers.
Neuberg and NM Medical combine Maharashtra diagnostics operations
Neuberg Diagnostics says it has consolidated its Maharashtra operations with NM Medical, bringing pathology, imaging and preventive wellness into a unified network. The announcement does not disclose consideration, ownership shares or a quantified expansion schedule.
Kotak Securities adopts Kotak Neo as its retail identity
Kotak Securities says its retail business will use the Kotak Neo identity, bringing digital and relationship-led offerings under one name. The legal entity and existing accounts, products, services and governance framework remain unchanged, it says.
HD Fire Protect sets INR 258–271 IPO band for an entirely promoter-sale offer
HD Fire Protect’s IPO opens October 13 at INR 258-271 a share. The offer could total INR 712.31 crore at the upper band, with all shares sold by promoters and no proceeds going to the company.
HDFC Pension survey finds higher NPS consideration among aware urban savers
HDFC Pension’s index rose to 57 from 54 in 2023. The survey covered 1,812 NPS-aware respondents aged 30–55 across 13 cities, so its findings should not be presented as a nationally representative measure.
KP Group sets FY32 targets for owned power, EPC and battery manufacturing
KP Group’s new strategy targets 10 GW of owned renewable generation, 10 GW of third-party EPC and 10 GWh of battery manufacturing by FY32. These are separate future business targets, not current operating capacity.
SRIT plans INR 218 crore IPO, with INR 124 crore planned for working capital
SRIT India's proposed fresh issue has an upper-band ceiling of INR 218.4 crore. Its filed RHP allocates INR 124 crore to working capital and INR 12.86 crore to product modernisation; the residual amount remains subject to issue expenses and final allocation.
JSW launches AMPSTAR for electric buses and trucks at planned 15,000-unit plant
JSW Greentech has unveiled AMPSTAR for electric buses and trucks, backed by a 90-acre Maharashtra manufacturing project. An ICRA assessment provides financing context, while the launch release leaves vehicle prices, external orders and delivery schedules undisclosed.
Four IPOs seek INR 1,507 crore, with 82 per cent earmarked for the companies
Adroit Industries, German Green Steel, Orient Cables and Runwal Enterprises plan overlapping September offers. Their announced structures allocate about INR 1,243 crore to fresh capital, while selling shareholders account for roughly INR 264 crore before offer expenses.
Sonaselection India opens a wholly fresh-issue IPO of about INR 142 crore
The Bhilwara fabric manufacturer opens on 17 September at INR 94 to 99 a share. The entire offer is fresh issue, with no selling shareholders at all.
Hero Motors seeks 73 times earnings on a three-year average return on net worth of 7.58 per cent
Hero Motors opens on 16 September at INR 79 to 84 a share, valuing it at INR 3,815 crore. Its fresh issue is down a quarter from its last draft.
BondsIndia rebrands as Digifinn
BondsIndia has renamed itself Digifinn and plans a presence in more than 50 cities in five years. It did not say whether its new backer has taken equity.
Creating Classrooms Where Every Child Belongs - Book Launch
Revathi Srinivasan, director education and principal, Smt. Sulochanadevi Singhania School publishes her book, Creating Classrooms Where Every Child Belongs with Raymond Group chairman and managing director Gautam Hari Singhania at the launch
Two IPOs open this week with 83 percent of the money going to the companies
Steamhouse India and Manika Plastech open within three days of each other. Between them, INR 445 crore of the INR 540 crore sought is fresh issue, an unusual split for a September window.