Fortis Healthcare Limited (FHL), one of India’s leading healthcare providers, has announced its acquisition of Shrimann Superspecialty Hospital in Jalandhar. This strategic move will enhance Fortis’ presence in Punjab, bringing its total bed capacity in the state to over 1,000 across five facilities. The acquisition will be carried out through Fortis’ wholly owned subsidiary, Fortis …
The Nifty Realty Index has faced significant downward pressure, registering a 9.45% drop this week ending February 14, 2025, following a slight decline of 0.4% the previous week. This marks a concerning trend, with the index falling nearly 20% in 2025 year-to-date, reflecting a broad-based decline across all its constituent stocks. From a January high …
On February 14, 2025, the National Stock Exchange (NSE) Nifty50 ended at 22,929.25, declining by 102.15 points or 0.44%. During the session, it reached an intraday high of 23,133.7 and a low of 22,774.85. Meanwhile, the BSE Sensex slipped 199.76 points or 0.26% to settle at 75,939.21 after touching a high of 76,138.97 and a …
On February 14, 2025, shares of Vodafone Idea, Indus Towers, and Bharti Airtel witnessed sharp declines after the Supreme Court dismissed their plea challenging the miscalculation in Adjusted Gross Revenue (AGR) dues. As of 1:06 PM, the Vodafone Idea share price had dropped by 5.7%, while Indus Towers share price fell by nearly 5%. Bharti …
Capacite Infraprojects Limited has secured a significant contract worth ₹1,320 crore from NBCC (India) Limited, a Navratna Central Public Sector Enterprise (CPSE). The project involves the development of Leisure Valley Phase-II Residential Apartments in Greater Noida’s Tech Zone-IV. This contract, awarded on an Engineering, Procurement, and Construction (EPC) basis, also includes a comprehensive 2-year operation …
Bank of Baroda (BoB) has received board approval to raise up to ₹8,500 crore through various methods, including a Qualified Institutional Placement (QIP). The fundraising will take place in suitable phases until March 2028, subject to necessary regulatory approvals. The decision was made during the board meeting on February 13, 2025. Extension of Debt Fundraising …
GAIL (India) Limited, a leading Maharatna CPSE under the Ministry of Petroleum and Natural Gas (MoPNG), has joined forces with Accelera™ by Cummins to advance clean energy solutions in India. The collaboration formalised through a Memorandum of Understanding (MoU) at India Energy Week 2025, marks a significant step towards achieving India’s sustainability goals by leveraging …
Bank of Maharashtra has received approval from the Reserve Bank of India (RBI) to set up an International Financial Services Centre (IFSC) Banking Unit (IBU) in GIFT City, Gandhinagar, Gujarat. The approval was communicated through an RBI letter dated February 13, 2025. IFSC Banking Unit An IFSC Banking Unit allows banks to conduct foreign currency …
Glenmark Pharmaceuticals Inc., USA, has launched Latanoprost Ophthalmic Solution, 0.005% (0.05 mg/mL) in the US market. This product is bioequivalent and therapeutically equivalent to Xalatan® Ophthalmic Solution, 0.005%, manufactured by Upjohn US 2 LLC. Market Size and Competition The market for Xalatan® Ophthalmic Solution saw annual sales of approximately $113.5 million for the 12-month period …
British American Tobacco (BAT), a long-time shareholder in ITC Limited, has announced its intention to exit its stake in ITC Hotels by 2026. The company, which currently holds a 15.3% stake in the hospitality arm of ITC, has made it clear that it does not seek to be a long-term shareholder in the Indian hotel …
