RAMAKRISHNA FORGINGS LTD
Two BLAs, others booked for alleged fraudulent deletion of 5,698 voters in Bengaluru
A case was registered against two Booth Level Agents accused of fraudulent voter deletion in Jayanagar. The complaint was filed by Karnataka Mahila Congress president Sowmya Reddy, who alleged bias against minority voters. Reddy, a former MLA, conducted an inquiry revealing false applications submitted by Ramakrishna and Yogesh. Names of innocent citizens were allegedly used without their knowledge, contributing to the fraudulent activities.
Multibagger or IBC - Part 21: Striking when the iron is hot. This auto ancillary's dual story is worth a look
Domestic auto used to dominate revenue at 56%; now it’s down to 40.5%. Mining, railways, and industrial clients are rising. It’s cutting dependence on large clients, funding capacity expansions, and proactively reacting to the EV shift by acquiring a stake in an electric powertrain firm. Safe to say, this forging firm is anything but static. This series on auto ancillary companies works with the assumption that, from the whole set of auto ancillary companies, some multibagger stocks will emerge. And some companies in this space risk going bankrupt.
India set to become exporter of forged wheels used in railways: Ashwini Vaishnaw
The Integral Coach Factory here has achieved the distinction of producing over 73,700 coaches since its inception in 1955 which is the highest by any passenger coach manufacturer in the world. ICF has exported more than 875 coaches and components to Thailand, Burma, Taiwan, Zambia, Vietnam and other countries totalling about Rs 1,004 crore of trade.
Earnings will continue to grow at 15%-16% in next two years: Pankaj Pandey
So obviously, inflation outlook could get revised and it is possible that the RBI might maintain some bit of a hawkish stance. But I think nothing major changes we would expect overall.
Indian Railways plans 'Make in India' wheels for trains
The Indian Railways plans to reduce its import dependence on Russia, China and European countries for forged wheels for its trains and locomotives. Currently, they have been importing it from the Czech Republic, Brazil, Romani, Japan, China, Ukraine, Russia and the UK since the 1960s. The supply was for wheels was hit last year as a fallout of the ongoing Russia-Ukraine war. According to railways, at present the requirement for wheels is being met from China.
Ramakrishna Forgings emerges as lowest bidder in tender to supply 80,000 wheels to Indian Railways
At Rs 1.88 lakh per tonne, Ramakrishna Forgings bid was significantly lower than the Rs 2.75 lakh per tonne bid by Bharat Forge. SAIL’s bid was the highest at Rs 2.89 lakh per tonne.
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Chart Check: This smallcap stock is showing signs of strength; buy on dips for a possible 40% upside in 6 months
The stock largely moved in a range on the weekly charts where Rs 200-215 acted as a stiff resistance while on the downside Rs 140-150 levels acted as strong support. It made a strong base around the support range.
After Andhra Pradesh, now West Bengal withdraws 'general consent' accorded to CBI
The Central Bureau of Investigation (CBI) would now need permission from these state governments to carry out any sort of investigation.
Continue to be bullish on 5 midcap stocks: R Sreesankar, Prabhudas Lilladher
There is scope for rerating in ICICI Bank. We have upgraded it into top picks and thinks it is going to be a great story.
Idea, Wockhardt, Just Dial among 10 top value destroyers of Samvat 2072
The domestic equity benchmarks barely managed to offer returns equal to what one-year bank fixed deposits (FD) offered during the same period.
Iyengars' Bakery believes e-commerce is the need of the hour
A slew of Bengaluru's iconic old-world restaurants including the iconic Iyengar's bakery have taken the technology route. Find out more.
MM Kalburgi shot dead: How many deaths will it take till we know that too many rationalists have died?
Three murders of elderly rationalists, in two years, in three towns that almost form a north-south 400-km long straight line, by assassins is alarming.
Stars of Dalal Street: Meet 9 fund managers who beat the market
If April was the cruellest month, Aug was no better. Indian markets tumbled most in a month since 2011 and FIIs sold the biggest chunk.
Sensex outperforms Asia, hits fresh record high; 282 stocks at 52-week high on BSE
Even as most of the Asian markets closed in red, Indian benchmark indices managed to bounce back in the afternoon to hit their fresh all-time highs.
Goa Assembly Election 2012: MGP snaps ties with Congress, to join hands with BJP
MGP, which is on the verge of forging an alliance with BJP, has decided to part ways with the Congress-led govt in Goa, ahead of polls.
Regional outfit MGP to pull out of Congress-led government in Goa
MGP has decided to withdraw from the Congress-led Government in Goa ahead of the Assembly polls on March 3.
Expect Sensex to be in 20500-20600 range by year-end: Chetan Majithia, Crisil Equities
Crisil Equities expects the second half of the year to be better than the first half as most of the macroeconomic factors will ease.
CBI charges Raju, nine others in fresh Rs 430-cr scam
CBI charged Satyam founder Ramalinga Raju, his brother B Rama Raju and eight others with creating fictitious customers and siphoning off Rs 430 crore from the IT firm.
PwC wants early Satyam settlement
Price Waterhouse has filed a consent application with capital market regulator Sebi as part of an effort to reach an early settlement to the ongoing investigation into the accounting fraud at Mahindra Satyam, after the Mahindra group acquired the troubled company earlier this year.
Satyam managers in CBI net for playing 'yes man'
It is good to be in the good book of your bosses, but it isn't a good idea to indulge in illegalities - even those merely on paper to please them.
CBI chargesheet spares Rajus on fund diversion
The chargesheet did not touch the area of diversion of funds by the Raju brothers or anyone else.
CBI charges Rajus with fudging accounts
CBI charges Raju & 8 others with fudging accounts of Satyam in India's biggest-ever corporate fraud. Funnier side of Satyam! | Satyam scam I Accounting scandals
CBI files chargesheet against Satyam founder Raju and 8 others
The CBI filed a charge-sheet against Raju & eight other accused in the Rs 7,000 crore fraud at Satyam. Raju's arrest | Funnier side of Satyam saga! | Latest Pics of Raju
Satyam ex-CFO gives clean chit to PwC in fraud
Former Satyam CFO admitted that fraud was entirely perpetrated by Raju with his active involvement, B Rama Raju and cost accountant G Ramakrishna. The Great Fall of Satyam I Satyam: Full Coverage
Price Waterhouse had nothing to do with Satyam scam: Srinivas
Mr Srinivas admitted that the fraud was entirely perpetrated by Raju with the active involvement of Srinivas himself, B Rama Raju and another official.Full coverage
Raju brothers masterminds in Satyam fraud: Ex-CFO Vadlamani
Vadlamani Srinivas admitted before a two-member ICAI team that the accounting fraud in Satyam was going on for the last four-five years.Satyam full coverage
Next 'Satyam': Ex-CFO Srinivas says co's fixed deposits fictitious
Former CFO of Satyam revelead that the software firm’s fixed deposits were unreal and fictitious. Satyam Scam: Complete Coverage
Satyam CFO Srinivas Vadlamani confesses, blames Raju
Srinivas Vadlamani blamed PwC and Ramalinga Raju for perpetrating the financial fraud. The Satyam Scam: Complete Coverage | India's top 5 accounting scandals
Long wait for Yediyurappa
After a long wait and struggle, the saffron brigade is all set to open its account in the south as BJP leader B S Yediurappa is likely to take over as chief minister following the UPA regime’s decision to revoke President’s rule in the state.
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