Latest news with #Directors
Arab Times
17 hours ago
- Sport
- Arab Times
Kuwait Table Tennis Association opens the door for limited professional participation
KUWAIT CITY, June 30: The Board of Directors of the Kuwait Table Tennis Association, led by Chairman Falhan Al-Otaibi, has approved a series of amendments to its competition regulations, set to take effect starting from the next sports season. Among the most notable changes is the introduction of a doubles tournament across all association competitions, along with a restriction allowing only one professional player per team in the Federation Cup for general age categories during the 2025-2026 season. Chairman Al-Otaibi extended his gratitude to all clubs that supported the proposed technical updates. "These amendments reflect the Board's responsibility for the future of Kuwaiti table tennis and our commitment to the national teams' long-term development,' he said. 'They are the result of a thorough technical and administrative study aimed at expanding the talent pool for future national team selection.' Looking ahead, Al-Otaibi revealed that a new age category (Under-11) will be introduced starting from the 2026-2027 season, allowing clubs ample time to prepare. He added that participation in the Buds and Cubs divisions (Under-11 and Under-13) for the upcoming season will be limited to Kuwaiti and GCC players only, ensuring fair competition and encouraging regional development.
Sharjah 24
20 hours ago
- Sport
- Sharjah 24
Mleiha Club launches " Our Holiday is Different " Summer Program
Cultural and Sports Activities Al Khassouni stated that the Sharjah Sports Summer Program, " Our Holiday is Different" is held this year with numerous cultural, sports, and religious activities, continuing for five weeks. Focus on AI In statements to "Sharjah24", he pointed out that this edition of the summer program focuses on "artificial intelligence" and its applications, and a diploma in artificial intelligence has been introduced in collaboration with a leading institution in this field. Call to Families The Chairman of the Board of Directors of Mleiha Cultural and Sports Club called on parents and families to take advantage of the summer vacation and benefit from the programs offered by Mleiha Club to participants.
Time of India
a day ago
- Business
- Time of India
Karnataka Bank shares drop 7% after top management resignations
Shares of Karnataka Bank fell over 7% on Monday to Rs 192, following a major leadership shake-up. The decline came after the bank's Board of Directors accepted the resignations of its MD & CEO, Srikrishnan Hari Hara Sarma , and Executive Director, Sekhar Rao. Sarma, citing personal reasons and a planned move back to Mumbai, will step down effective July 15, 2025. Rao, citing personal commitments and his inability to relocate to Mangaluru, will exit by July 31, 2025. In response, the Board has formed a Search Committee to scout for suitable successors for both leadership roles. To ensure operational continuity, the bank has appointed a senior banker as Chief Operating Officer (COO), who will assume charge from July 2, 2025, pending regulatory approval. The twin resignations of key leadership figures in quick succession have raised concerns among investors, triggering a sharp sell-off in the stock. The focus now shifts to the bank's succession planning and interim management stability as the market awaits further clarity on new appointments. Technical Outlook & Valuation Snapshot: Karnataka Bank Live Events Karnataka Bank shares are trading at Rs 192, marking a 7.30% decline from the previous close of Rs 207.91, reflecting bearish sentiment in Monday's session. From a technical perspective, the stock is showing signs of negative momentum. It is currently trading below 7 out of 8 key Simple Moving Averages (SMAs) — including the 5-day to 200-day averages — except the 100-day SMA, where it remains marginally above. This trend suggests potential weakness in near-to-medium-term price action. The Relative Strength Index (RSI-14) stands at 59.7, indicating a neutral zone. An RSI below 30 typically signals an oversold condition, while a reading above 70 suggests overbought territory. On the valuation front, the stock appears undervalued. Karnataka Bank is currently trading at a Price-to-Earnings (PE) ratio of 5.73, compared to its 5-year average PE of 6.3. The forward PE, based on analyst estimates, is projected at 6.0, indicating potential upside if earnings meet expectations. Overall, while technical indicators suggest caution in the short term, valuations remain attractive for longer-term investors tracking earnings stability and potential leadership transitions.
Economic Times
a day ago
- Business
- Economic Times
Karnataka Bank shares drop 7% after top management resignations
Karnataka Bank shares: The bank's Board of Directors approved the departure of its MD & CEO. Karnataka Bank's shares plunged over 7% following the resignations of MD & CEO Srikrishnan Hari Hara Sarma and Executive Director Sekhar Rao. The Board has formed a Search Committee for replacements and appointed a COO to ensure continuity. While technical indicators suggest short-term caution, the bank's valuation appears attractive for long-term investors. Tired of too many ads? Remove Ads Technical Outlook & Valuation Snapshot: Karnataka Bank Tired of too many ads? Remove Ads Shares of Karnataka Bank fell over 7% on Monday to Rs 192, following a major leadership shake-up. The decline came after the bank's Board of Directors accepted the resignations of its MD & CEO, Srikrishnan Hari Hara Sarma , and Executive Director, Sekhar citing personal reasons and a planned move back to Mumbai, will step down effective July 15, 2025. Rao, citing personal commitments and his inability to relocate to Mangaluru, will exit by July 31, response, the Board has formed a Search Committee to scout for suitable successors for both leadership roles. To ensure operational continuity, the bank has appointed a senior banker as Chief Operating Officer (COO), who will assume charge from July 2, 2025, pending regulatory twin resignations of key leadership figures in quick succession have raised concerns among investors, triggering a sharp sell-off in the stock. The focus now shifts to the bank's succession planning and interim management stability as the market awaits further clarity on new appointments. Karnataka Bank shares are trading at Rs 192, marking a 7.30% decline from the previous close of Rs 207.91, reflecting bearish sentiment in Monday's a technical perspective, the stock is showing signs of negative momentum. It is currently trading below 7 out of 8 key Simple Moving Averages (SMAs) — including the 5-day to 200-day averages — except the 100-day SMA, where it remains marginally above. This trend suggests potential weakness in near-to-medium-term price Relative Strength Index (RSI-14) stands at 59.7, indicating a neutral zone. An RSI below 30 typically signals an oversold condition, while a reading above 70 suggests overbought the valuation front, the stock appears undervalued. Karnataka Bank is currently trading at a Price-to-Earnings (PE) ratio of 5.73, compared to its 5-year average PE of 6.3. The forward PE, based on analyst estimates, is projected at 6.0, indicating potential upside if earnings meet while technical indicators suggest caution in the short term, valuations remain attractive for longer-term investors tracking earnings stability and potential leadership transitions.
Yahoo
6 days ago
- Business
- Yahoo
8×8 (EGHT) Concludes Share Repurchase Activity as Part of Capital Allocation Strategy
8×8, Inc. (NASDAQ:EGHT) is one of the 7 most popular AI penny stocks under $5 to avoid. On June 17, the company announced the conclusion of share repurchase activity, which it deems part of its capital allocation strategy. The company bought one million shares of its common stock for an aggregate price of around $1.85 million. Further details show that these transactions occurred in the open market between June 6, 2025, and June 13, 2025. A high-tech telecommunications equipment site with cutting-edge antennas and satellite dishes. According to the official statement, the repurchases were executed under an existing share repurchase program authorized by the company's Board of Directors in 2017. Also, this particular activity is the first time 8×8 has repurchased equity not associated with a financing activity since October 2017. The company said the repurchases have three key objectives. First, to manage dilution from employee equity and stock purchase programs over time. Second, to return value to investors. Third, optimize the company's capital structure through disciplined capital allocation. 8×8, Inc. (NASDAQ:EGHT) is a cloud communications company. It provides voice, video, chat, and contact center solutions through its unified communications-as-a-service (UCaaS) and contact center-as-a-service (CCaaS) platforms. Key offerings include 8×8 Work, 8×8 Contact Center, and 8×8 Engage, which help businesses manage internal collaboration and customer engagement across digital channels. While we acknowledge the potential of EGHT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: Goldman Sachs China Stocks: 10 Stocks to Buy and 10 Undervalued Blue Chip Stocks Analysts Recommend for Smart Investing. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
