Agilus Diagnostics, earlier known as SRL, has withdrawn its initial public offering plan in the last week on Feb 12. The Agilus Diagnostics IPO consisted of only an OFS of 1,42,33,964 equity shares by the existing shareholders, with no fresh issue component. International Finance Corp, NYLIM Jacob Ballas India Fund III LLC, and Resurgence PE Investments were the selling shareholders in the OFS.

Aditya Birla Group's new paints business, Birla Opus, expects to exit FY25 with high-single-digit market share, with aim to secure the second position in the decorative paints market, said the group's Director Himanshu Kapania, in a post-launch conference with media on February 22. The comments come as industry players are betting high on the decorative cement business amid expectations.

Nifty on Thursday ended 162 points higher to form a long bull candle with a long lower shadow on the daily charts as the short-term trend of Nifty turned up sharply after a small decline. Having breached the recent highs of 22,249, the Nifty is expected to move towards the next upside target of 22,500-22,600 levels in a week. Immediate support is at 22,050, said Nagaraj Shetti of HDFC Securities.

Spyre PropTech venture fund, backed by integrated incubator and accelerator for startups Venture Catalysts and NeoVon, is looking to raise Rs 400 crore in the first phase of a total Rs 800 crore proptech sectoral fund aimed at enabling major investments in over 30 Indian startups.The maiden fund is set to invest in early and growth stage companies with ticket sizes.

Sugar mills will now be able to sell Potash Derived from Molasses (PDM) to fertiliser companies as an additional source of revenue and also get nutrient-based subsidies on it, Food and Public Distribution Secretary Sanjeev Chopra said on February 22. “A Rs 4,263/tonne is the price decided for selling PDM by sugar mills to fertiliser companies with immediate effect.

Jio Financial Services Ltd stock surged to a record on February 22. The stock rose nearly 5 percent, marking a 26 percent gain over the past month. The Reliance Industries unit stock rose 4.74 percent to end trading at Rs 303.85 on NSE. In its December quarter earnings, the company reported a net profit of Rs 293 crore, with a net interest income of Rs 269 crore for the quarter.

Mercedes-Benz Research and Development India (MBRDI) has launched the 'Sustainability Garage', an initiative for promoting innovation in sustainable mobility in association with Prayoga Institute of Education Research. A CSR initiative of MBRDI, the Sustainability Garage will serve as a hub for multidisciplinary research, focusing on developing eco-friendly materials with diverse applications.

Reported Consolidated quarterly numbers for Maheshwari Logistics are: Net Sales at Rs 276.59 crore in December 2023 down 10.31% from Rs. 308.37 crore in December 2022. Quarterly Net Profit at Rs. 3.11 crore in December 2023 up 15.04% from Rs. 2.70 crore in December 2022. EBITDA stands at Rs. 14.68 crore in December 2023 up 7.86% from Rs. 13.61 crore in December 2022.

Reported Consolidated quarterly numbers for Shirpur Gold Refinery are: Net Sales at Rs 570.36 crore in December 2023 down 64.43% from Rs. 1,603.68 crore in December 2022. Quarterly Net Loss at Rs. 9.25 crore in December 2023 down 102.61% from Rs. 353.97 crore in December 2022. EBITDA stands at Rs. 1.84 crore in December 2023 down 99.5% from Rs. 367.97 crore in December 2022.

The members of the Reserve Bank of India's (RBI) monetary policy committee (MPC) remained cautious on inflation prints due to uncertainty in food prices, according to the minutes of the MPC meeting released on February 22. During February monetary policy review, RBI Governor Das said recurring food price shocks could interrupt the ongoing disinflation process.

Reported Consolidated quarterly numbers for Genesys International Corporation are: Net Sales at Rs 59.34 crore in December 2023 up 9.01% from Rs. 54.43 crore in December 2022. Quarterly Net Profit at Rs. 15.86 crore in December 2023 up 101.72% from Rs. 7.86 crore in December 2022. EBITDA stands at Rs. 33.31 crore in December 2023 up 57.57% from Rs. 21.14 crore in December 2022.

The initial public offering (IPO) of GPT Healthcare received a tepid response from the investors during the. first day of bidding. The issue was subscribed just 36% till now on day one (February 22). It received bids worth 71.94 lakh shares as against 1.97 crore shares on offer. The retail investors' category was bid the most at 65% followed by the non-institutional investors portion.

Reported Consolidated quarterly numbers for Pesti and Brew are: Net Sales at Rs 15.60 crore in December 2023 down 19.45% from Rs. 19.37 crore in December 2022. Quarterly Net Loss at Rs. 0.97 crore in December 2023 down 135.06% from Rs. 2.76 crore in December 2022. EBITDA stands negative at Rs. 0.83 crore in December 2023 down 129.23% from Rs. 2.84 crore in December 2022.

Reported Consolidated quarterly numbers for Magnanimous Trade & Finance are: Net Sales at Rs 0.10 crore in December 2023 up 106.96% from Rs. 0.05 crore in December 2022. Quarterly Net Profit at Rs. 0.02 crore in December 2023 up 233.12% from Rs. 0.02 crore in December 2022. EBITDA stands negative at Rs. 0.01 crore in December 2023 up 50% from Rs. 0.02 crore in December 2022.

GPT Healthcare IPO opened for subscription today (Thursday, February 22). The public issue will remain open for bidders till 26th February 2024 i.e. till Monday next week. GPT Healthcare Ltd operates a chain of mid-sized full service hospitals under the ‘ILS Hospitals’ brand and provide integrated healthcare services, with a focus on secondary and tertiary care.