
UltraTech Cement hits fresh record high in April: time to buy or book profits?
'UltraTech Cement stock has given a breakout from a 10-month of consolidation phase and a weekly close above its resistance. Traders can buy for a target of Rs 12,800 in the next 3-4 weeks,' Ruchit Jayantilal Jain, VP, Head – Equity Technical Research at Motilal Oswal Financial Services Limited, said. Show more 06:15
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MUMBAI: Karnataka Bank on Saturday saw both its MD & CEO, Srikrishnan Hari Hara Sarma, and executive director, Sekhar Rao, resign, marking a major leadership shake-up for the century-old private lender. To maintain operational stability during the transition, the board appointed Raghavendra Srinivas Bhat as COO, effective July 2. The leadership exits come after a year of growing strain within the bank. Governance tensions came to a head in May when the bank's auditors flagged certain overlimit expenses. The board refused to ratify the expenditures and asked for the amounts to be recovered. The standoff between the board and management that followed was considered unprecedented for the institution. Adding to the pressure, Karnataka Bank in Feb had to reverse Rs 18.87 crore worth of suspicious cross-border UPI transactions due to reconciliation failures. A forensic audit was ordered in April at the direction of the board and the RBI. The bank has since stated that the audit observations have been amicably resolved and that it remains well-capitalised. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now


Time of India
36 minutes ago
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Torrent in Rs 18,000 crore deal, 2nd largest in pharma sector
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Time of India
37 minutes ago
- Time of India
Fruit growers suffer losses as prices continues to crash
Mysuru: The first half of 2025 was bitter for fruit growers. After mango and jackfruit, now Indian black plum (nerale hannu) and pomegranate growers are in tears due to a price crash in the market. The prices of mangoes continued to fall, with rates of most varieties now below Rs 100. The prices of Indian black plum, which were between Rs 200 and Rs 400 last year, crashed to Rs 100 per kg in the city market. A kilogram of pomegranate is available for Rs 60 to Rs 100, which was never below Rs 150 per kg in the previous years. According to Baburao, a black plum grower from HD Kote, due to its health benefits, the fruit was giving bumper profits for the growers in previous years. "Last year, it reached up to Rs 400 per kilogram. Every fruit was like a piece of gold. This year, there is no demand at all. The traders are demanding the fruit for Rs 50 to Rs 60 at the plantation," he said. "That is why I am selling directly. Due to excess supply, there are no takers," he said, and lamented that the quality of the fruit has come down due to early rain. Meanwhile, pomegranate growers are demanding immediate govt intervention to save them. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Adidas Three Shorts With 60% Discount, Limited Stock Available Original Adidas Shop Now Undo Kaka Patil, a grower from Koppala, said he arrived to Mysuru to sell the crop as there is no demand locally. "Pomegranate never lets down the growers. But this year, we are selling it for half the price of last year," he said. Karnataka Rajya Raitha Sangha and Hasiru Sene president Badagalapura Nagendra stated that the excess supply of pomegranate from neighbouring states has resulted in a price crash. "We are raising the issue with the state govt," he said. He also stated that he is surprised by the price crash of black plum, which is used in medicines. Meanwhile, even during the end of the season, there is no reprieve for the mango growers, with prices continuing to fall. Badami and Rasapuri mango varieties are sold for Rs 40 per kg, causing a huge loss for growers.