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Spirit Airlines Secures Creditor Deal to Exit Bankruptcy by Summer

Spirit Airlines has reached an agreement with creditors to emerge from Chapter 11 bankruptcy by early summer. The restructuring plan includes fleet reductions, cost optimization, and operational changes. The deal provides financial support to stabilize operations, positioning Spirit for recovery in the competitive U.S. low-cost airline market.

  • Updated: February 24, 2026 23:36
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Biocon Secures USFDA Approval for Liraglutide in Weight Management

Biocon Ltd has received U.S. FDA approval for its Liraglutide Injection (gSaxenda®), indicated for chronic weight management. The drug, delivered via single-patient-use prefilled pens, is approved as an adjunct to diet and exercise. This milestone strengthens Biocon’s presence in the fast-growing GLP-1 receptor agonist market.

  • Updated: February 24, 2026 23:29
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IRFC Sets Floor Price of ₹104 Per Share for Offer-for-Sale

Indian Railway Finance Corporation (IRFC) has announced a floor price of ₹104 per share for its upcoming offer-for-sale (OFS). The move is part of the government’s disinvestment strategy, aimed at raising funds while allowing retail and institutional investors to participate in India’s expanding railway infrastructure financing sector.

  • Updated: February 24, 2026 23:22
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5paisa Capital to Raise ₹4.75 Billion via Rights Issue

5paisa Capital Ltd has announced plans to raise up to ₹4.75 billion through a rights issue of equity shares. The fundraising initiative aims to strengthen the company’s capital base, support expansion in retail broking and financial services, and enhance digital infrastructure for its fast-growing customer base.

  • Updated: February 24, 2026 23:14
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