FINANCE

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.

CIBIL reports larger car loans and longer repayment terms

Average passenger vehicle loan amounts reached INR 8.2 lakh in H1 2026, up 49% from H1 2019, according to TransUnion CIBIL. Average tenure increased by five months to 62 months.

GreenCell announces INR 330 crore equity investment from Impact Fund Denmark

GreenCell Mobility says the investment will support deployment of around 4,500 electric buses. The company has not disclosed the investor's stake, valuation or a rollout timetable.

Credit at the last mile

BLS E-Services is combining local banking access with digital loan distribution to reach smaller businesses, as India’s credit expansion puts sharper focus on borrower needs and repayment capacity.

Zuno reports 39% premium growth across Telangana and Andhra Pradesh

Zuno General Insurance says premiums across Telangana and Andhra Pradesh grew 39% in the first half of FY27. At its Hyderabad roundtable, executives discussed distribution, EV-specific covers and the use of driving data in insurance.

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.

S&P Global sees about 7% India growth in FY27, highlights energy resilience

S&P Global’s latest India research release projects about 7% growth in FY27 and emphasises infrastructure, capital markets and energy security. A historical GDP discrepancy between the email and published report has been excluded.

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.

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.

Moneyview sets INR 32–34 price band for IPO opening September 24

Moneyview’s IPO will open September 24 at INR 32–34 a share, comprising a fresh issue of up to INR 750 crore and an offer for sale of up to 100.49 million shares.

Visa, ISG bring passkey card authentication to five Indian issuers

Visa and In-Solutions Global say five Indian banks are participating in a passkey-based card authentication rollout that replaces SMS OTP entry with device biometrics or PIN for eligible online and in-app payments.

AU Bank says vehicle-finance AUM crossed INR 50,000 crore in August

AU Small Finance Bank’s disclosed vehicle-finance segments total INR 50,485 crore, with pre-owned vehicles accounting for about 35.6 per cent. The September announcement concerns an August milestone and does not disclose the business’s asset quality.

Four IPOs, one deadline: 71 per cent of September's issue money is going to the companies

Four issues are seeking about INR 1,680 crore before restated March accounts go stale on 30 September. Just over seven-tenths of it is fresh issue.

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.

India's BRICS trade has doubled in five years

India's trade with BRICS rose from USD 203 billion to USD 417 billion in five years. Exports account for USD 96 billion of that, leaving a deficit of about USD 225 billion.