State Bank of India (SBI) is in talks with some Japanese lenders to partner with them for merger and acquisition (M&A) financing in light of the new norms in that regard, SBI chairman CS Setty told reporters on the sidelines of the Indian Banks’ Association (IBA) annual general meeting. The bank has a lending ceiling of ‘94,000 crore, according to the new rules, Setty said.

“We have been talking to Japanese banks mainly because they’ve been active in that.

But there’s no preference for anyone. Each transaction will bring a set of bankers together. It could be either a relationship, either at the acquisition company or at the target company. Many a time, the banks are identified based on who’s the acquirer, who’s the target,” Setty said, adding that India’s largest lender will soon get a board approval to form a policy on this. Final guidelines announced earlier this month allow Indian banks to finance up to 75% of an acquisition’s cost in any domesti M&A with a 3:1 debt-equity ratio.

Los Angeles Clippers forward John Collins exited Friday night’s matchup against the rival Los Angeles Lakers with a head injury after a hard fall late in the second quarter, leaving him bleeding and appearing concussed in a scary moment that halted play at Crypto.com Arena.

The incident occurred with about 18 seconds remaining in the first half. Clippers guard Bennedict Mathurin lobbed a pass toward Collins, who leaped for an alley-oop attempt. Lakers center Jaxson Hayes disrupted the play by undercutting Collins in mid-air, preventing a clean landing. Collins crashed to the hardwood, striking the left side of his head forcefully. Blood quickly became visible from the impact site as he lay on the court. Teammates Brook Lopez and assistant coach Jasen Powell helped Collins to his feet.

Despite initial insistence from officials that he attempt the resulting free throws, Collins was escorted to the locker room for evaluation, walking unsteadily. The Clippers later announced he was questionable to return, undergoing concussion protocol testing. He did not start the second half, with Bennedict Mathurin taking his spot in the lineup.

As of late Friday night, no official concussion diagnosis was confirmed, though the severity of the fall raised immediate concerns. Collins will likely face additional medical evaluations overnight and into Saturday to determine clearance for future games. The team has not released a timetable for his return, but head injuries typically trigger mandatory protocols that could sideline players for days or longer.

Prior to the injury, Collins contributed significantly in the first half. The 6-foot-9 power forward scored points efficiently, shooting 5-of-8 from the field including a running layup earlier in the quarter. He provided energy off the bench in what has been a resurgent season for the veteran, averaging around 14.2 points, 5.4 rebounds and solid efficiency since joining the Clippers’ rotation.

The Clippers trailed 72-65 at halftime following the incident, with the Lakers holding momentum in the crosstown rivalry game. Kawhi Leonard and other stars stepped up in Collins’ absence, but the loss of his interior presence and scoring punch tested the team’s depth. Los Angeles Clippers entered the contest at 27-28 overall, battling for positioning in a competitive Western Conference.

The play drew scrutiny on social media and broadcasts, with replays highlighting Hayes’ positioning. No flagrant foul was called on the sequence, though some analysts suggested it warranted review. Hayes, a physical defender, has been involved in similar contact plays this season without prior suspensions.

Collins, 28, has been a key piece for the Clippers this year following offseason moves that reshaped the roster. Trades sent Ivica Zubac elsewhere and shifted dynamics, increasing Collins’ role. He returned from a minor groin injury in mid-January and had been scoring in double figures consistently, shooting over 62% from the field in recent stretches. His athleticism and rebounding have bolstered a frontcourt featuring veterans like Brook Lopez and emerging talents.

This marks a setback for a player who has battled injuries throughout his career but showed durability this season. The Clippers’ medical staff will monitor closely, as repeated head impacts carry long-term risks under modern NBA protocols emphasizing player safety.

Fans and teammates expressed concern online. Posts circulated videos of the fall, with many wishing Collins a speedy recovery. “Prayers up for JC, that looked nasty,” one supporter wrote. The Clippers organization issued no further immediate statement beyond the questionable tag, focusing on game management.

The Lakers-Clippers rivalry remains intense, with both teams vying for playoff seeding in the West. Friday’s game featured stars like LeBron James (questionable entering with knee soreness) and Kawhi Leonard, adding stakes beyond the injury. However, Collins’ exit overshadowed much of the narrative in real time.

As evaluations continue, the Clippers face upcoming challenges without one of their reliable bigs. Potential increased minutes for Mathurin, Derrick Jones Jr. and others could test bench depth. Collins’ status will be updated Saturday or Sunday, with the league’s concussion protocol requiring symptom-free progression before clearance.

The incident serves as another reminder of the physical toll in the NBA, where high-flying plays can turn dangerous in an instant. For now, the focus remains on Collins’ health and a potential return when medically safe.

India’s primary market is set for a busy week ahead, with three mainboard IPOs collectively looking to raise Rs 4,063 crore. The line-up includes renewable energy player Clean Max Enviro Energy Solutions, jewellery retailer PNGS Reva Diamond Jewellery and engineering solutions provider Omnitech Engineering. Alongside them, multiple SME issues will also hit the market.

The combined mainboard and SME fundraising will be close to Rs 4,300 crore in the next week. This will test investor appetite at a time when markets remain selective and sector-specific.

Clean Max Enviro Energy Solutions IPO

The largest issue of the week is Clean Max Enviro Energy Solutions, which is aiming to raise Rs 3,100 crore through a combination of a Rs 1,200 crore fresh issue and a Rs 1,900 crore offer for sale. The IPO opens on February 23 and closes on February 25.The price band is set at Rs 1,000 to Rs 1,053 per share. Shares are scheduled to list on March 2 on the BSE and NSE. In the grey market, the GMP is muted at just close to 1% over the IPO price.

Clean Max is India’s largest commercial and industrial renewable energy provider as of March 2025, according to a CRISIL report. As of July 2025, it had 2.54 GW of operational, owned and managed capacity, along with 2.53 GW under execution.
The company sells renewable power under long-term power purchase agreements and energy attribute purchase agreements. It also provides EPC, operations and maintenance services, along with carbon credit solutions.
Financially, the company reported total income of Rs 1,610 crore in FY25 with profit after tax of Rs 19.43 crore. Axis Capital is the book running lead manager.
Also Read | Infosys-Anthropic deal sparks fresh debate: Is AI now an opportunity, not a threat, for Indian IT?

PNGS Reva Diamond Jewellery IPO

PNGS Reva Diamond Jewellery plans to raise Rs 380 crore through a fully fresh issue. The IPO opens on February 24 and closes on February 26. The price band has been fixed at Rs 367 to Rs 386 per share, with listing expected on March 4. The shares are commanding a moderate premium of 4% in the grey market.

The company operates under the brand “Reva” and offers diamond and precious stone jewellery set in gold and platinum. As of September 2025, it operated 34 stores across 25 cities in Maharashtra, Gujarat and Karnataka under FOCO, FOFO and COCO models.

For FY25, PNGS Reva reported total income of Rs 259.11 crore and profit after tax of Rs 59.47 crore. The IPO has a heavy institutional skew, with not less than 75% of the net issue reserved for QIBs. Smart Horizon Capital Advisors is the lead manager.

Omnitech Engineering IPO

Omnitech Engineering is looking to raise Rs 583 crore via a mix of Rs 418 crore fresh issue and Rs 165 crore offer for sale. The issue opens on February 25 and closes on February 27. The price band is Rs 216 to Rs 227 per share, with listing scheduled for March 5.

The company manufactures precision-engineered components and provides turnkey industrial automation and mechanical systems across sectors such as automotive, aerospace, pharmaceuticals and general manufacturing.

Omnitech operates three manufacturing facilities in Gujarat and had 1,807 permanent employees as of September 30, 2025. In FY25, the company reported total income of Rs 349.71 crore and profit after tax of Rs 43.87 crore.

Proceeds from the fresh issue will be used for debt repayment of Rs 50 crore, setting up new projects across two facilities, capital expenditure at an existing facility and general corporate purposes. Equirus Capital is the book running lead manager.

SME IPOs also lined up

Alongside the mainboard offerings, six SME IPOs are scheduled next week. Shree Ram Twistex is set to raise Rs 110.24 crore and will open between February 23 and February 25. Kiaasa Retail plans to raise Rs 69.72 crore on the BSE SME platform during the same window. Accord Transformer and Switchgear, with an issue size of Rs 25.59 crore, and Mobilise App Lab, aiming to raise Rs 20.10 crore, are also scheduled to open on February 23.

Striders Impex will open on February 26 to raise Rs 36.29 crore on NSE SME, while Yaap Digital is also expected to hit the SME platform.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

Humanoid robots showcased their capabilities at China’s Spring Festival Gala by performing acrobatic dances and kung fu routines. The event highlighted advances in robotic technology, with these humanoids captivating audiences through their impressive agility and coordinated movements during the cultural celebration.

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Humanoid robots have recently captured the attention at the Spring Festival Gala, China’s most celebrated annual event. Marking a significant technological milestone, these robots showcased advanced artificial intelligence and interactive abilities, surprising viewers with their lifelike movements and conversational skills. Their presence symbolizes China’s rapid progress in robotics and futuristic innovation, highlighting the nation’s commitment to integrating technology into cultural celebrations.

During the gala, humanoid robots performed singing, dancing, and even engaging in dialogues with hosts, demonstrating the blend of entertainment and science. Their smooth coordination and expressive gestures impressed audiences worldwide, earning widespread admiration. Such displays of robotic prowess not only entertain but also promote interest in STEM fields among the younger generation.

The appearance of humanoid robots at the Spring Festival Gala signals a new era of technological integration in entertainment and daily life. Experts believe these innovations will pave the way for smarter cities, healthcare, and service industries. As China leads in robotics development, the event underlines the transformative potential of AI-powered humanoid robots in shaping the future.

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Brent crude prices rose in late-day short-covering on Friday as investors worried about U.S. military action, as President Donald Trump presses the Islamic Republic to halt nuclear weapon development. Brent crude futures settled at $71.76 a barrel, up 10 cents, 0.14%. U.S. West Texas Intermediate crude finished at $66.39 a barrel, down 4 cents, 0.06%.

For ‌most of Friday, ⁠Brent ⁠and WTI were down, with the market awaiting developments in the struggle between Iran and the U.S. “We’re caught in between anticipation what’s going to happen with the U.S. and Iran and denial an attack’s going to happen,” said Phil Flynn, senior analyst with Price Futures Group.

The oil market shrugged off a U.S. Supreme Court decision ruling unconstitutional Trump’s use of a law to levy tariffs in national emergencies, Flynn said.

“The tariffs decision didn’t seem to move us too much,” he said. “I think there is a sense the tariffs are going to get done another way.” Over the week, Brent ⁠and WTI ‌were both up more than 5%.

Trump said this week that “bad things” would happen to Iran if there was not a deal to end the Islamic Republic’s development of nuclear weapons.

Iran’s foreign minister said ⁠on Friday he expected to have a draft counterproposal ready within days following nuclear talks this week as Trump said he was considering limited military strikes.

BETTING ON HIGHER PRICES

Iran, a major oil producer, lies opposite the oil-rich Arabian Peninsula across the Strait of Hormuz, through which about 20% of global oil supply passes. Conflict in the area could limit oil entering the global market and push up prices.
“We’re waiting for a potential binary outcome, if we should take Trump’s words at face value,” said Ole Hansen, head of commodity strategy at Saxo Bank. “The market is nervous, it’s going to be a wait-and-see day.”

Traders and ‌investors ramped up purchases of call options on Brent crude in recent days, betting on higher prices, Saxo Bank analysis shows.

Also supporting oil were reports of falling crude stocks and limited exports in the world’s biggest oil-producing and exporting countries.

U.S. crude inventories ⁠dropped by 9 million barrels as refining utilisation and exports climbed, an Energy Information Administration report showed on Thursday. Markets were also considering the impact of ample supply, with talks of OPEC+ leaning towards a resumption in oil output increases from April.

The oil surplus that was evident in the second half of 2025 continued in January and is likely to persist, JP Morgan analysts Natasha Kaneva and Lyuba Savinova said in a note.

“Our balances continue to project sizeable surpluses later this year,” they said, adding that output cuts of 2 million barrels per day would be needed to prevent excess inventory builds in 2027.