Overview
- Lenders and NBFCs reported solid December‑quarter metrics: Kotak Mahindra Bank’s net advances rose 16% year on year, Axis Bank’s gross advances climbed 14% with deposits up 15%, HDFC Bank’s loans increased 12%, Bajaj Finance added Rs 23,600 crore to AUM, while IndusInd Bank’s loan book contracted and its CASA share fell.
- Industrial and consumer updates underscored momentum: Vedanta’s aluminium output reached 620 KT (up 1% year on year), Trent’s Q3 revenue rose 17% to Rs 5,220 crore, and IEX’s December electricity volumes increased 2.8% to 11.44 BU.
- Adani Enterprises opened a Rs 1,000 crore public NCD issue on Jan 6, closing Jan 19, with coupons of up to 8.90% per annum and a green shoe option of Rs 500 crore.
- Coal India’s subsidiary Bharat Coking Coal will launch a Rs 1,071 crore IPO on Jan 9 with a price band of Rs 21–23 per share.
- Manufacturing and regulatory developments featured ECMS approvals for Dixon Technologies and Amber Enterprises, Waaree Energy Storage raising Rs 1,003 crore toward a planned 20 GWh battery plant, ONGC reporting a gas leak in Andhra Pradesh with no injuries, and the Supreme Court setting aside a 2019 Gujarat High Court ruling on Adani Power’s customs duty.