Latest news with #Rs.300
The Hindu
16 hours ago
- Politics
- The Hindu
‘Government-run school for children with special needs to be established in Madurai'
A government-run school for children with special needs should be started in Madurai, said a resolution of the Tamil Nadu Association for Rights of Differently abled and Caregivers. During TARATDAC's fifth Madurai district conference here on Sunday, S. Namburajan, State vice-president, TARATDAC, said that the need for a school for children with special needs, administered by government itself was essential as most of the parents with such children could not afford the exorbitant fees demanded by private schools. In addition, technical education to parents and children with special needs should be given through government institutions, he added. It would not only provide them with qualifications but also empower the parents to earn money for themselves and their children, he noted. 'The ceiling of assistance given to the guardians or parents of children with special needs should be relaxed and they should be supported with monthly assistance and a tailoring machine,' Mr. Namburajan said. 'Madurai railway station, which is currently under renovation, is being used by thousands of people from various parts of the State and the country every day. Of them, many would hundreds would be differently abled people and elders,' he noted. To facilitate seamless movement for such people, the Railway Department should ensure that ramps were made at necessary facilities, and lifts were operated for those who could not use the stairs. 'Regardless of the needs, as per the Rights of Persons with Disabilities Act, 2016, the entire infrastructure should be differently abled friendly,' he emphasized. To enhance the livelihood of people with disabilities, the district administration should consider according 5% reservation to them in government managed commercial complexes, he said. A. Balamurugan, district secretary, TARATDAC, said that under Indira Gandhi National Old Age Pension Scheme, the Union government provides only Rs.300 as its share. 'As the same amount is being given for more than 10 years, it should be revised and increased to at least ₹5,000,' he added. Akin to neighbouring States like Andhra Pradesh, and Union Territories like Puducherry, Tamil Nadu government should also increase minimum monthly assistance for differently abled people to ₹6,000, and ₹10,000 for people with severe disabilities and ₹15,000 for bed-ridden differently abled people, Mr. Balamurugan noted.
India.com
21-07-2025
- Business
- India.com
This FMCG stock in action today as board to meet consider fund raising via QIP
1 लाख के निवेश पर 10 लाख का फायदा Elitecon International, a smallcap stock, achieved a significant milestone on Monday, July 21, 2025, by hitting a fresh 52-week high. This remarkable feat was accomplished amidst a highly volatile stock market in the early trade. The stock opened with a gain of 5 per cent today, starting the trading session at Rs 131.25, the upper circuit of the counter. This surge in stock value is a testament to the company's resilience and potential. The market cap of the company is Rs 20.980 crore, and the scrip has been on an upward trajectory for the last 21 days, marking a rise of 165.74 per cent in the period. Technically, it trades higher than the 5-day, 20-day, 50-day, 100-day and 200-day moving averages, indicating a strong performance. Company Plans To Raise Funds Via QIP The company has informed exchanges about its strategic move to raise capital. The board of directors is set to convene to discuss and approve the raising of capital by issuing equity shares via a Qualified Institutions Placement (QIP) valued at Rs 300 crores on Friday, July 25. This proactive step demonstrates the company's commitment to its growth and development. 'Raising of funds by issue of Equity Shares through Qualified Institutions Placement ('QIP') for an aggregate amount up to Rs.300,00,00,000/- (Rupees Three Hundred Crores) (inclusive of such premium or discount as may be fixed on such Equity Shares) subject to the receipt of approval of the Members of the Company and such other approval(s)/permission(s)/ consent(s)/ sanction(s) of any government/regulatory/ statutory authorities, as may be required,' the company said in an exchange filing. Share Price History According to BSE Analytics, Elitecon International's stock has been a standout performer, delivering a multibagger return of 1165.67 per cent so far this year. In six months, the counter has surged by 881 per cent, and in three months, it has seen a remarkable increase of 246 per cent. This detailed stock price history provides a comprehensive view of the company's stock performance, empowering the audience with valuable insights. Market Remains Volatile Meanwhile, equity benchmark indices Sensex and Nifty dropped in early trade on Monday. However, they rebounded amid buying in the blue-chip stocks ICICI Bank and HDFC Bank. The 30-share BSE Sensex declined 148.68 points to 81,609.05 in early trade despite a positive start. The 50-share NSE Nifty dropped 67.55 points to 24,900.85. Later, both the benchmark indices bounced back and were trading in the green. The BSE benchmark quoted 181.30 points higher at 81,944.67, and the Nifty traded 36.75 points up at 25,009.10.
Mint
05-07-2025
- Business
- Mint
6900% rally in 10 months! Multibagger penny stock board to consider ₹300 crore fundraise; details here
Multibagger penny stock: Elitecon International, an erstwhile penny stock that has seen its shares rally from near ₹ 1 level to over ₹ 75 currently, announced post-market trading hours on Friday that its board will meet next week to consider certain business matters, including fundraising of about ₹ 300 crore, preferential share issue and acquisition of an overseas company. Elitecon International, in an exchange filing, said that a board meeting is scheduled to take place on Wednesday, July 9. As per the details of the filing, the company's board will consider the acquisition of an overseas business entity. Additionally, the penny stock's board will also take up the matter of fundraising of ₹ 300 crore via qualified institutional placement (QIP). "...Raising of funds by issue of Equity Shares through Qualified Institutions Placement ('QIP') for an aggregate amount up to Rs.300,00,00,000/- (Rupees Three Hundred Crores Only) or an equivalent amount thereof (inclusive of such premium or discount as may be fixed on such Equity Shares) subject to the receipt of approval of the Members of the Company and such other approval(s)/ permission(s)/ consent(s)/ sanction(s) of any government/ regulatory/ statutory authorities, as may be required," the company's filing with the stock exchanges stated. The third item on the agenda pertains to the issue of equity shares on a preferential basis. "Issue of Equity Shares on Preferential basis in accordance with provisions of Chapter V of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 and other applicable rules, regulations and guidelines of SEBI and applicable provisions of Companies Act, 2013," Elitecon said. Ahead of the announcement, shares of Elitecon International ended at their 52-week high of ₹ 76.80 apiece on the BSE, which was also its upper price band of 5%. The multibagger penny stock had opened the day at this level and was stuck in it throughout the trading day. The company with a market cap of over ₹ 12,275 crore has seen its shares skyrocket from ₹ 1.10 (also its 52-week low) towards the end of August 2024 to its current level, offering a return of 6,882% to its investors. In the last month alone, Elitecon International share price is up 25% while it has added 66% to its value in six months.
Mint
05-07-2025
- Business
- Mint
6900% rally in 10 months! Multibagger penny stock board to consider ₹300 crore fundraise; details here
Multibagger penny stock: Elitecon International, an erstwhile penny stock that has seen its shares rally from near ₹ 1 level to over ₹ 75 currently, announced post-market trading hours on Friday that its board will meet next week to consider certain business matters, including fundraising of about ₹ 300 crore, preferential share issue and acquisition of an overseas company. Elitecon International, in an exchange filing, said that a board meeting is scheduled to take place on Wednesday, July 9. As per the details of the filing, the company's board will consider the acquisition of an overseas business entity. Additionally, the penny stock's board will also take up the matter of fundraising of ₹ 300 crore via qualified institutional placement (QIP). "...Raising of funds by issue of Equity Shares through Qualified Institutions Placement ('QIP') for an aggregate amount up to Rs.300,00,00,000/- (Rupees Three Hundred Crores Only) or an equivalent amount thereof (inclusive of such premium or discount as may be fixed on such Equity Shares) subject to the receipt of approval of the Members of the Company and such other approval(s)/ permission(s)/ consent(s)/ sanction(s) of any government/ regulatory/ statutory authorities, as may be required," the company's filing with the stock exchanges stated. The third item on the agenda pertains to the issue of equity shares on a preferential basis. "Issue of Equity Shares on Preferential basis in accordance with provisions of Chapter V of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 and other applicable rules, regulations and guidelines of SEBI and applicable provisions of Companies Act, 2013," Elitecon said. Ahead of the announcement, shares of Elitecon International ended at their 52-week high of ₹ 76.80 apiece on the BSE, which was also its upper price band of 5%. The multibagger penny stock had opened the day at this level and was stuck in it throughout the trading day. The company with a market cap of over ₹ 12,275 crore has seen its shares skyrocket from ₹ 1.10 (also its 52-week low) towards the end of August 2024 to its current level, offering a return of 6,882% to its investors. In the last month alone, Elitecon International share price is up 25% while it has added 66% to its value in six months. Disclaimer: This story is for educational purposes only. The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Hans India
05-07-2025
- Business
- Hans India
Welfare schemes introduced by govt reached every household: Minister Bharath
Kurnool: AndhraPradesh Industries, Commerce, and Food Processing Minister TG Bharath has stated that welfare schemes introduced by the State Government have successfully reached every household over the past year. The minister was speaking during his visit to Ashok Nagar in Kurnool city as part of the 'First Step Towards Good Governance' campaign on Friday. As part of the programme, he conducted a door-to-door campaign in the 45th municipal ward, interacting directly with residents. He spoke to women, senior citizens, and students to assess the implementation of welfare initiatives and sought specific details on the schemes received by each household. The initiative aims to provide citizens with transparent information on the government's developmental and welfare measures while addressing any existing concerns. 'The direction from Chief Minister N. Chandrababu Naidu is clear — from the grassroots to the top leadership, we must connect with the people and explain the progress made in one year of governance,' said Bharath. 'We are not only highlighting achievements but are also committed to resolving public grievances on the spot. The government is determined to deliver on every promise made, and more welfare schemes will be launched soon.' Addressing local development, the minister said efforts are underway to widen key roads in Kurnool city, particularly in front of the medical college, where narrow stretches have led to recurring accidents. He also announced that affected shop owners would be allotted commercial space at a subsidized rent of Rs.300 per month for 25 years, with provisions for renewal. Responding to citizen feedback during the event, Bharath promised to resolve drainage issues in Ashok Nagar and construct a protective wall around a hazardous transformer in Chaitanya Nagar.
