Timex Group India Ltd, Tainwala Chemicals & Plastics (India) Ltd, G G Engineering Ltd and AGI Infra Ltd are among the other gainers in the BSE’s ‘B’ group today, 25 October 2024.
RBI turned down request to on-board ex-CBI official (25-10-2024)
Religare Enterprises, a financial services firm, has disclosed that the Reserve Bank of India (RBI) turned down its application to appoint Rakesh Asthana as its whole-time director in May this year without citing any reasons. Asthana is a former top official of the Central Bureau of Investigation (CBI). In a notice to the stock exchanges, Religare said that while the company and Asthana were weighing the options of dealing with the letter of refusal by the RBI, it was also busy in preparing for the “herculean task” of making ready multiple applications to regulators.
Cyclone Dana: Every possible effort should be made to protect lives and property, Rahul Gandhi appeals to Centre (25-10-2024)
Cyclone Dana struck Odisha, leading to coordinated efforts for relief by leaders like Rahul Gandhi and Mallikarjun Kharge. Despite the severe weather, no casualties were reported due to prompt actions. The cyclone is now weakening, and relief operations are underway. Flight operations in Kolkata and Bhubaneswar have resumed.
Bikaji Foods edges higher after Q2 PAT rises 15% YoY amid inflationary pressures (25-10-2024)
Bikaji Foods International added 3.97% to Rs 869 after the company reported 14.7% rise in net profit to Rs 68.6 crore on a 26% increase in total revenue from operations to Rs 721.2 crore in Q2 FY25 over Q2 FY24.
RR Kabel slides as Q2 PAT tumbles 33% YoY to Rs 49 cr (25-10-2024)
RR Kabel slipped 3.77% to Rs 1,545.65 after the company’s consolidated net profit declined 33.16% to Rs 49.52 crore in Q2 FY25 as against Rs 74.09 crore posted in Q2 FY24.
IndusInd Bank may not use the contingency provision, but it is prudent to provide for bad times: Sumant Kathpalia (25-10-2024)
Sumant Kathpalia, MD & CEO of IndusInd Bank, emphasizes balance sheet stability over growth amid disappointing quarterly results. The bank has made contingency provisions for its microfinance sector due to emerging stress. Kathpalia assures shareholders of the bank’s solid foundation, aiming for cautious optimism and steady growth in the face of cyclical challenges.
REC shares down 1.94% as Sensex falls (25-10-2024)
A total of 162,684 shares changed hands on the counter till 12:12PM (IST)
Aster DM, Laurus Labs among 5 smallcap stock ideas in a falling market (25-10-2024)
Eris Lifesciences, BLS International and Five-Star Business are the other 3 smallcap stocks that look favourably placed on the technical charts in an otherwise weak market.