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Tejas Cargo s SME IPO opens for subscription, offering fresh equity sales of 63 lakh shares at a price band of Rs 160-168 per share. The logistics company aims to use IPO proceeds for purchasing additional trailers, working capital, debt repayment, and general corporate purposes. Listing and share allotment are expected on February 21 and 19, respectively.

Shares of Swan Energy will be in focus as the company is set to announce its third-quarter results. With a diversified portfolio in energy, textiles, and real estate, Swan Energy s recent financial performance includes a notable increase in net profit while revenues declined in the previous quarter. The company is also a significant player in the LNG sector.

Hindalco reported a 60% YoY growth in consolidated net profit for Q3FY25, reaching Rs 3,735 crore, with a revenue increase of 11%. The company s India business PAT surged 134% YoY, and aluminium upstream EBITDA rose 73%. Analysts maintain positive ratings with target prices of Rs 670 and Rs 800.

The board has appointed Praveen Kumar Tripathi, a non-executive independent director, as chairperson until June 30, 2025, said a separate exchange filing by the company. It also stated that directors will serve as chairperson on a rotational basis, holding office for a calendar quarter.

Net profit for the third quarter rose to Rs 148.85 crore, up from Rs 109.71 crore for the same period a year ago, the company reported in a filing to the exchange.

Asian equities were expected to rise as markets reacted positively to a delay in potential US tariffs, raising hopes for negotiations. This optimism led to gains in Australia, Japan, and Hong Kong, and a record high for global stocks. Meanwhile, US President Donald Trump indicated possible reciprocal tariffs on trading partners.

Hindalco Industries reported a 60% growth in its December quarter consolidated net profit at Rs 3,735 crore versus Rs 2,331 crore reported in the year ago period.

The IRDAI had asked 10 large insurance companies, also including Bajaj Allianz Life, Bajaj Allianz General, Tata AIA, and Tata AIG General Insurance, to submit listing plans by the first week of February. While nine have now submitted their plans, one has asked for time until later this month to submit its proposal, the person said.

The RBI also conducted an overnight variable rate repo (VRR) auction for ₹2.75 lakh crore, where RBI received bids for ₹2.35 lakh crore. System liquidity stood at a deficit of ₹2.07 lakh crore on Wednesday, and has been in a daily average deficit of ₹1.28 lakh crore in February.

In April 2024, the central bank took supervisory action on Kotak Bank, directing the lender to "cease and desist" onboarding new customers through the bank s online and mobile banking channels and issuing fresh credit cards with immediate effect.