Latest news with #Karunakar
New Indian Express
13-07-2025
- New Indian Express
Telangana man eyes Rs 55 lakh insurance, stages accident to kill mother-in-law, held
SIDDIPET : Siddipet police have arrested a man for allegedly conspiring to kill his physically disabled mother-in-law in a staged road accident to claim insurance money. The accused, Talla Venkatesh, initially lodged a complaint at Toguta police station, claiming that his mother-in-law, Tatikonda Ramavva, had died after being hit by an unidentified vehicle. However, during the investigation, Siddipet Commissioner of Police B Anuradha said CCTV footage and interrogation revealed that the incident was a premeditated murder. Facing debts amounting to Rs 22 lakh from agricultural losses and having extended a Rs 1.3 lakh hand loan to his friend Karunakar, Venkatesh devised a plan to murder Ramavva. He had purchased insurance policies in her name, including a Rs 15 lakh policy from the post office for a premium of Rs 755 and a Rs 40 lakh accident policy from SBI for Rs 2,000. Further, 28 guntas of land belonging to Karunakar's father were transferred to Ramavva's name to ensure eligibility for the state's Rythu Bima scheme. On July 7, Venkatesh dropped Ramavva near their agricultural field and informed Karunakar, who hired a vehicle and intentionally ran over Ramavva, killing her on the spot. Venkatesh later contacted him and helped return the vehicle.
India Today
26-06-2025
- Politics
- India Today
AIADMK member murdered over poll rivalry, Edappadi Palaniswami alleges DMK link
An AIADMK functionary was murdered by a four-member gang in Tamil Nadu's Thoothukudi district, on June 24. Police confirmed that the killing was linked to a local body election to the police, the AIADMK member, Muthupalakrishnan was riding his two-wheeler when a lorry coming from the opposite direction rammed into him. All four accused were inside the lorry at the time of the four accused, Soundararajan (A1), Karunakar (A2), Mahesh (A3), and Karpagaraj (A4), have now been arrested. Police said the murder was an act of political revenge related to panchayat-level elections. AIADMK leader Edappadi K Palaniswami (EPS) strongly condemned the a post on X, he alleged that the accused are DMK members, including Karunakar, and blamed the DMK government for the breakdown of law and order in Tamil Nadu. EPS questioned whether the Stalin-led government would dismiss the case as a 'personal murder' and accused the ruling party of fostering violence during local elections.'It is a well-known fact that local body elections under DMK rule take place amidst their anarchy. But has the lust for power driven DMK members to the extent of murdering opposition party members?' he further demanded that the government take strict legal action against all those involved, including who he claims is a DMK leader, Karunakar.- Ends IN THIS STORY#Tamil Nadu
Mint
29-05-2025
- Business
- Mint
Apollo Micro Systems share price surges 30% this week. Should you buy, sell or hold this multibagger defence stock?
Apollo Micro Systems share price surged by nearly 30% this week. The defence stock rose close to 10%, reaching a 52-week high during Thursday's trading session. On Wednesday, Apollo Micro Systems announced that it has received an export order worth USD 13.36 million. This order involves the creation of an advanced avionics system designed for civil and military aircraft applications, AMSL stated in a filing. Apollo Micro Systems share price today opened at ₹ 183.95 apiece on the BSE, the stock touched an intraday high of 193.55 per share and an intraday low of ₹ 182.40 apiece. The company disclosed that it has been awarded an export order amounting to USD 13,366,500 (approximately ₹ 113.81 crore) for developing an avionic system. However, due to the sensitive nature of the project, specific technical and program information is restricted by a Non-Disclosure Agreement (NDA) with the client, it noted. Based in Hyderabad, AMSL provides technology-driven solutions across various sectors such as infrastructure, transportation, aerospace, and defence, among others. Apollo Micro Systems reported a consolidated net profit of ₹ 14 crore for the March quarter, marking an 8% increase compared to the previous year, propelled by enhanced operational revenues. In the January-March period of 2023-24, the company had reported a net profit of ₹ 12.9 crore, according to their statement. The operational revenues of the company grew by 19% to ₹ 161.7 crore, up from ₹ 135.4 crore in Q4 FY24. Managing Director Baddam Karunakar stated that FY25 has been a pivotal year for the company, showcasing its best performance ever. The firm reached a significant milestone in revenue, totaling ₹ 562.07 crore, which reflects an impressive year-on-year growth of 51.24%. Karunakar mentioned that EBITDA reached ₹ 132 crore, representing a 54% increase year-over-year, with a solid EBITDA margin of 23.50%. This achievement is attributed to a strong order book, effective execution of strategic defence programmes, and the smooth transition of several high-value products into production, he noted. According to Rajesh Bhosale, Equity Technical and Derivative Analyst at Angel One, Apollo Micro Systems share price have seen a spectacular run this week, with a rally of almost 30%. Momentum is on the bullish side but indicators are in overbought zone. Traders can hold on to longs but fresh long at current levels should be avoided, 165 - 170 is a strong support if any dip towards it can be bought on the upside 205 is the immediate resistance. Anshul Jain, Head of Research at Lakshmishree Investments explained that Apollo Micro Systems share price broke out of an 85-day-long cup and handle pattern at ₹ 155 and swiftly hit its initial target of ₹ 182. The multibagger defence stock is now extended from its 50-day EMA, making a mean reversion towards ₹ 170 likely. If the pullback unfolds with low volumes and compressed candles—indicating ideal quality—then the stock may resume its upward trajectory. In that case, bulls could eye the next leg of the rally towards ₹ 220. Disclaimer: 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.
