Renfra Energy India is gearing up for its Initial Public Offering (IPO), aiming to raise Rs 430 crore through a fresh issue of shares. The company plans to use the funds for debt redemption, working capital, and general corporate needs. Renfra Energy, a key player in renewable energy project execution, has a strong track record in solar and wind energy solutions. The IPO also includes an Offer-for-Sale component.

Kotak Mahindra Bank will acquire Deutsche Bank India's retail banking, private banking and wealth management business, adding a sizeable loan book, deposits, assets under management and customers. The deal is expected to strengthen Kotak's affluent banking franchise while supporting Deutsche Bank's strategy to focus on its core businesses.

Jana Holdings plans to reduce its stake in Jana Small Finance Bank to below 10% from 17% to meet bondholder payment obligations, including to TPG Asia. This move will also see the holding company relinquish its 'promoter' status. The company recently received debt restructuring approvals, extending payment deadlines to December 2026, with bondholders like TPG Asia acknowledging the planned equity sale strategy.

Indian banks witnessed a significant surge in credit to industries, with a robust 17.5% annual growth in May. This expansion was fueled by accelerated lending to large corporations and sustained healthy growth in the MSE sector. Advances to agriculture and allied activities also saw a strong uptick. Personal loans and the services sector also experienced considerable growth, indicating a dynamic credit landscape.

Digital lender Fibe, backed by TPG, has filed for an Indian IPO, aiming to raise up to 7.5 billion rupees to expand lending to middle-income consumers. The company reported a significant jump in revenue and profit for fiscal 2026. Existing shareholders, including TPG's Rise Fund, Norwest Capital, and Eight Roads Ventures, are also looking to sell a portion of their stakes. Proceeds will bolster its lending arm, EarlySalary Services.

The proposed merger of Power Finance Corporation and REC will create India's largest power sector financing institution with a combined loan book exceeding Rs 11 lakh crore. Here's a look at the approved share swap ratio, merger rationale, pending approvals, record date details, and what the restructuring means for shareholders.

Reliance quietly executed Project Jupiter to prepare Jio’s IPO while managing regulatory changes, investor alignment and strict secrecy. The plan evolved from an offer-for-sale to a primary issue, enabling funds to remain with the company and positioning Jio for India’s biggest stock market listing.

Hospitality giant Prism, parent of OYO, is aiming to raise Rs 6,650 crore via an IPO, with all funds coming from a fresh share issue. The company plans to use the majority of proceeds to repay borrowings. Prism has shown significant financial improvement, with revenue and profit surging in the first nine months of FY26. Its US business, boosted by the G6 Hospitality acquisition, is a key growth driver.

Pristine Logistics and Infraprojects has confidentially filed its DRHP with Sebi for an IPO. The rail-focused multimodal logistics company is expanding terminals, warehousing and cargo operations while strengthening growth with a Rs 3,422 crore coal mining contract and broader infrastructure footprint.

Diversified group Eleven has injected Rs 216 crore into its financial services arm, pushing total investment to Rs 470 crore over four years. This strategic move aims to bolster its scaled financial services franchise, with its NBFC, SVCL, having served over 19 lakh customers and disbursed Rs 10,000 crore. Eleven also launched Eleven Tech, a new platform for financial institutions, appointing Monu Ratra as its CEO.

The Indian company is the latest to ‌tap into the ⁠foreign ⁠lending market after the Reserve Bank of India introduced a series of ​measures to boost dollar inflows and support the rupee.

Corporate India's profitability impact from the West Asia conflict is now expected to be half of initial fears, with Crisil Ratings predicting a 100-basis-point hit to operating margins in fiscal 2027. This revised outlook follows crude oil price corrections after the Strait of Hormuz reopened. While most sectors anticipate minimal disruption, airlines and specialty chemicals may face continued pressure. Geopolitical risks, however, remain elevated.

The company plans to utilise the net proceeds from the fresh issue towards repayment or prepayment of certain borrowings, payment of part of the purchase consideration for the acquisition of its subsidiary, Unilet Appliances Private Limited, and general corporate purposes

Major Indian banks, including SBI, Axis Bank, and Bank of Baroda, alongside Power Finance Corporation, are set to raise over $2 billion from overseas markets next week. This move capitalizes on the Reserve Bank of India's 1.5% fixed-rate swap incentive for external commercial borrowings, aimed at bolstering the rupee. HDFC Bank's recent successful dollar bond sale has spurred this wave of fundraising.

French beauty giant L'Oreal is set to acquire a majority stake in Indian personal care firm Innovist, signaling a significant push into one of the world's fastest-growing markets. This strategic move, L'Oreal's first Indian acquisition in nearly 13 years, aims to bolster its presence with Innovist's popular brands like Bare Anatomy and Chemist at Play.

Reliance Industries Limited (RIL) on Friday announced that Jio Platforms Limited has approved and released its Draft Red Herring Prospectus (DRHP) for an initial public offering (IPO), marking a major milestone in the digital services company's growth journey.

Turtlemint Fintech's Rs 883 crore initial public offering and Razorpay's confidential filing for a public issue indicate improving conditions for fintech listings, potentially opening the door for more technology-led financial services firms to access public markets after a prolonged lull.

State Bank of India anticipates a massive Rs 5,000 crore profit from the National Stock Exchange's upcoming Rs 30,000 crore IPO. This IPO is set to be India's largest ever. Many long-term investors are also poised for extraordinary returns on their initial investments. The NSE's listing on the BSE follows years of anticipation and regulatory hurdles.

The shares of the fintech platform had made a solid market debut in December, 2024, listing with nearly 59% premium over the IPO price at Rs 442.25 apiece on BSE. This came after the initial public offering (IPO) of the fintech platform that aimed to raise Rs 572 crore saw strong investor interest, being subscribed 119 times its offer size.

The National Stock Exchange of India has filed draft papers for its initial public offering. This move positions NSE for one of the country's major IPOs this year. It follows a previous attempt in 2016 that was delayed. NSE is India's largest stock exchange and a leading global derivatives market. This listing is highly anticipated.