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2024-10-22 08:25:15| The Economic Times

Manappuram Finance's shares dropped 21% after the Reserve Bank of India took regulatory action against its subsidiary, Asirvad Micro Finance. The RBI ordered Asirvad to stop loan sanctions and disbursals. Asirvad contributes 27% to Manappuram's assets under management. Investors should observe management actions to address these concerns and monitor stock movements around key support levels.

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2024-10-22 07:53:23| The Economic Times

In South India, it was closer to 50%. And with this acquisition of India Cements by UltraTech and now Orient by Ambuja Cement, it is getting to the levels where the other regions are.

Category: News and Media

2024-10-22 07:40:07| The Economic Times

Shares of Sona BLW Precision Forgings rose nearly 3% following the inauguration of its new driveline plant in Manesar, Haryana. This development aims to meet growing demand and boost production capacity. The company reported a 26.7% YoY net profit increase in Q1 FY25, with revenues rising 21.8%.

Category: News and Media

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22.10 Rs 25 lakh pay per month not enough? Google techie's paycheck-to-paycheck survival shocks social media 22.10 Auto sales indicate slowing down in urban economy: Chetan Ahya 22.10 What should investors do with Paytm stock? Akshay Bhagwat answers 22.10 HSBC names first female finance chief in major shakeup 22.10 UK borrowing for September third highest on record 22.10 Which Adani Group stock can give 40-50% return? What Tata stocks to work well now? Deven Choksey answers 22.10 Apple CEO Tim Cook visits China for second time this year as sales slump 22.10 Manappuram Finance shares fall 21% in one week. Analysts suggest caution More »