Agilus Diagnostics, a Gurugram-based diagnostics firm formerly known as SRL, has opted to withdraw its initial public offering (IPO) plan as of the last week of February, specifically on February 12. The proposed Agilus Diagnostics IPO exclusively comprised an offer-for-sale (OFS) of 1,42,33,964 equity shares by existing shareholders, with no provision for a fresh issue […]
Daily installations of the Paytm application have experienced a downturn since February 1, the day following the Reserve Bank of India’s imposition of restrictions on Paytm Payments Bank (PPBL). Meanwhile, downloads of the BHIM UPI app surged by 49 percent during this period, whereas daily downloads of the Google Pay app witnessed a decline of […]
Amidst an insolvency resolution process pursuant to the insolvency and bankruptcy code, Karnataka RERA has mandated a Bengaluru-based developer to transfer possession to a buyer at a commercial project within the city. The developer, Vikram Structures, failed to deliver possession of a 10,000 sq ft commercial space in North Bengaluru following the agreement’s deadline in […]
Shares of Rail Vikas Nigam Ltd (RVNL) surged by 12 percent on February 19, propelled by the announcement that its order book had reached Rs 65,000 crore. The state-run company disclosed its intentions to explore opportunities in offshore markets, particularly in Central Asia, the UAE, and Western Asia. During an investors call, top management officials […]
Shares of Dr. Reddy’s Laboratories surged by over 2 percent, reaching a 52-week high of Rs 6,453.95, following a report by CNBC-TV18 suggesting the company’s interest in acquiring Novartis AG’s stake in Novartis India. Dr. Reddy’s management has expressed their keenness in acquiring a domestic-focused portfolio during recent earnings calls, further indicating their potential interest […]
Healthcare Global shares surged over 4 percent to reach a 52-week high on the morning of February 19, following reports of private equity giants EQT (formerly Baring PE Asia-EQT), TPG Capital, and KKR competing for a controlling stake in the cancer hospital chain. According to sources cited by The Economic Times, these three private equity […]
On February 19, Larsen & Toubro (L&T) shares experienced a decline following reports that Saudi Aramco had postponed the bid process for $10 billion worth of orders related to Safaniyah oilfield projects. By 10:50 hours on Monday, L&T’s stock on the BSE was trading 1 percent lower at Rs 3,352. The decline was attributed to […]
On the morning of February 19, shares of Quess Corp surged by 13 percent following the company’s announcement of its intention to split into three independent entities. This strategic move is aimed at unlocking shareholder value and was formally approved during the company’s board meeting held on February 16. The demerger plan entails the creation […]
On February 19, Wise Travel India (WTI) Cabs saw its stock debut on the NSE SME platform with a remarkable 32.6 percent premium over its IPO price. Opening at Rs 195, compared to the issue price of Rs 147, the stock’s performance garnered significant attention in the market. Prior to its listing, the stock was […]
Defense stocks surged following the approval of capital acquisition proposals totaling Rs 84,560 crore by the Defence Acquisition Council (DAC), aimed at enhancing the capabilities of the Armed Forces and Indian Coast Guard. At 9:30 am on February 19, Bharat Electronics stock was trading at Rs 192.30 (up by 2.12 percent), while Bharat Dynamics was […]