What makes Au Small Finance Bank possibly India's most expensive bank? The bad news in India has been banks. The good news in India is Au Small Finance Bank. The bank was not in existence a year ago. The day it listed, it was valued in excess of Rs 15 billion. The promoter’s holding of 32 per cent was now worth more than Rs 50 billion. READ MORE Companies are launching IPOs in March ahead of introduction of LTCG tax This month will go down as one of the busiest month for maiden offerings. Around eight initial public offerings (IPOs), cumulatively raising nearly Rs 160 billion, are being launched. In terms of the number of deals, this is the most since September 2011, when nine IPOs were launched in a single month. READ MORE HG Infra extends gain after winning EPC project in Rajasthan HG Infra Engineering (HGIEL) was trading 2% higher at Rs 302, extending its 10% rise in past two sessions on the BSE, after the company said it has been declared lowest bidder (L-1) for a new EPC project under Ministry of Road Transportation & Highway (MORTH) for upgradation to two lanes with paved shoulder configuration of the Kundal-Jhadol section of NH-58E in Rajasthan. READ MORE Market Check   S&P BSE Sensex 33,056.35 -0.36%   Nifty 50 10,141.90 -0.52%   S&P BSE 200 4,432.19 -0.82%   Nifty 500 8,927.30 -0.86%   S&P BSE Mid-Cap 15,990.39 -1.41%   S&P BSE Small-Cap 17,295.02 -1.60% PFC, REC, NTPC could form joint venture to bid for stressed assets   Two leading public sector lenders in the power business and a state-owned power-generating giant are likely to come together and bid for stressed assets that will go through resolution under the Insolvency and Bankruptcy Code (IBC).   Power Finance Corporation (PFC), which has a considerable debt exposure to the sector; Rural Electrification Corporation, which lends to development power schemes; and maharatna public sector undertaking (PSU) NTPC are thinking of forming a company that will buy out power projects. READ MORE STOCKS IN NEWS ·         Videocon Industries clarified that it is evaluating process to sell stake in Brazil oil block   ·         Zee Entertainment calls off deal to acquire 100% equity stake in 9X entities   ·         Grasim Industries increased epoxy resin production capacity at Gujarat plant to 1.23 lakh metric tonnes per annum   ·         Max Financial to raise funds for making investment in subsidiary, Max Life Insurance   ·         Gujarat Fluorochemicals approves offer for sale for 6.1% equity of Inox Wind at price of Rs 115 each   ·         Thermax won order worth Rs. 503cr for co-generation plants In Haryana and Punjab   ·         UPL’s stake in Brazil’s Sinagro Group falls to 45% from 49%   ·         TV Today to sell three radio stations with ISHQ 104.8FM to ENIL   ·         Orchid Pharma received three bids under insolvency proceedings   ·         Sona Koyo Engineering’s promoter JTEKT Corporation to sell about 47 lakh shares on March 19,20 via offer for sale route   ·         Cadila Health received final approval from the U.S. FDA for omeprazole and sodium bicarbonate capsules   ·         PNC Infratech emerged as the lowest bidder for Rs. 1,197cr Aligarh-Kanpur project   ·         Indian Oil, BPCL might buy 26% stake each in GAIL   ·         Liberty House’s bid for ABG Shipyard rejected (Source: IIFL report)