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 …
Premier Energies Ltd. announced on Friday, February 14, that it has secured an order worth ₹1,234 crore for the supply of solar photovoltaic (PV) modules. The company has received two orders from its existing customers, reinforcing its strong presence in the renewable energy sector. The scheduled commencement for the supply of these modules is set …
Texmaco Rail & Engineering Limited, a key player in India’s railway and infrastructure sector, has entered into a strategic partnership with Trinity Rail Group LLC, a leading provider of rolling stock leasing and manufacturing solutions in North America. This collaboration formalised through a Global Supply & Services Agreement, aims to drive innovation, enhance rail infrastructure, …
RITES Limited, a leading transport infrastructure consultancy and engineering firm, has signed a Memorandum of Understanding (MoU) with Neyveli Uttar Pradesh Power Limited (NUPPL). The agreement pertains to the comprehensive operation and maintenance of the NUPPL/GTPP railway siding, reinforcing RITES’ expertise in railway project execution. At 9:45 AM, RITES’ share price was trading at ₹212.70 …
