FEDERAL BANK: Clarifies no decision yet on preferential issue for 9.99% stake
Federal Bank said no decision has been finalized regarding a reported preferential issue of up to 9.99% stake.
The Board will meet on October 24, 2025, to evaluate various fund-raising options.
Markets never move in straight lines. From Oct 2021–Jun 2023, Nifty stayed at 18,600 for 20 months, then surged 40% by Sep 2024. Since then, consolidation continues with just 3% returns. Patience is rewarded silently then explosively.
On October 20, 2025, Prime Minister Narendra Modi continued his tradition of celebrating Diwali with India’s armed forces by visiting the INS Vikrant off the coasts of Goa and Karwar. During his visit, he lauded the strategic importance and strength of INS Vikrant, describing
Starting today, October 21, 2025, a new $100,000 fee has been implemented for certain H-1B visa petitions, following a proclamation by President Trump. The U.S. Citizenship and Immigration Services (USCIS) has released guidance detailing who is required to pay this hefty additional fee and who may be exempt.
Meesho, a leading Indian e‑commerce platform, has submitted its updated draft red‑herring prospectus (UDRHP) to SEBI, setting the stage for a planned initial public offering (IPO) of approximately Rs.5,800‑6,600 crore (around $700‑800 million).
Midwest Ltd’s initial public offering (IPO), sized at Rs.451 cr., has generated overwhelming investor interest and is now heading into the final allotment phase ahead of its listing on the bourses.
Subscription and Listing Timeline
The IPO was open for subscription from 15th October to 17th October 2025. On its final day of bidding, the overall subscription stood at 87.89 times.
Key Consolidated Financial Highlights H1 FY26
Total Income of ₹ 369.99 Cr, YoY growth of 48.24%
EBITDA of ₹ 48.91 Cr, YoY growth of 47.72%
Net Profit of ₹ 22.36 Cr, YoY growth of 83.28%
Net Profit Margin (%) of 6.04%, YoY growth of 116 Bps
EPS of ₹ 5.28, YoY growth of 84.62%
Sathlokhar Synergys E&C Global Ltd. has secured a civil construction order worth ₹52.47 cr (including GST) from M/s Hong Fu Industrial Group, a Taiwan-based global footwear manufacturer investing ₹1,500 cr to establish a mega non-leather footwear factory at Ranipet, Tamil Nadu. The order, awarded through M/s Grand Atlantia Panapakkam SEZ Developers Pvt. Ltd., Chennai, covers […]
CLSA on HDFC Bank
Outperform | TP Rs 1200
2Q steady with NII and core PBT in line. Deposit growth strong at 15%, loan growth up to 10% YoY. CASA ratio stable. FY25 was a year of aggressive deposit mobilisation; FY26 focus to shift to quality of deposits. NIM down 8 bps QoQ, slightly better than expected.
Nomura on RIL
Buy | TP Rs 1700
2Q slight beat on strong Retail performance. Raised FY26/27F EBITDA by 4%/12%. Reported net debt steady at Rs 1,185 bn; capex rose to Rs 400 bn. Sees three growth triggers near term – scale-up of New Energy, Jio tariff hikes, and potential Jio IPO/listing by 1H CY26.
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