Latest news with #KimiaBiosciences
Time of India
2 days ago
- Business
- Time of India
Market movers: Small-cap stocks jump up to 20%; Kimia Biosciences, Shemaroo, Innovana among top gainers
Several small-cap stocks surged as much as 20% in Monday's trade even as benchmark indices slipped into the red amid brisk selling in large-cap counters. According to an ET report, top gainers included Kimia Biosciences (20.00%), Rapicut Carbide (20.00%), AI Champdany (20.00%), Shemaroo Entertainment (19.99%), Adinath Textiles (19.99%), Concord Drugs (19.98%), TN Telecom (19.94%), Innovana Thinklabs (19.37%), Filatex Fashions (19.23%) and Omnitex Industries (17.83%). The 30-share BSE Sensex ended 452.44 points lower at 83,606.46, while the NSE Nifty closed down 120.75 points at 25,517.05. In the Nifty50 basket, 20 stocks ended in the green while 30 declined. ET also reported that stocks like Kimia Biosciences, Adinath Text, Innovana Thinklabs, Omnitex Industries and Sanofi Consumer Healthcare touched fresh 52-week highs. On the other hand, Tower Infra Trust, Jai Mata Glass, Nutricircle, Patidar Buildcon, and Pankaj Piyush hit new 52-week lows in Monday's session. Meanwhile, Axis Bank, Kotak Mahindra Bank, Maruti, UltraTech Cement, Bajaj Finance, ICICI Bank, Reliance Industries, Tata Steel, Bharti Airtel and HDFC Bank were among the major laggards from the Sensex pack on Monday. On the other hand, Trent, State Bank of India, Bharat Electronics, Titan and Bajaj Finserv closed in the green. The BSE smallcap index gained 0.81 per cent while the midcap index rose by 0.67 per cent. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 180k traders trust IC Markets for CFD trading | Sign up today IC Markets Learn More Undo Among sectoral indices on the BSE, realty declined 0.87 per cent, followed by bankex (0.59 per cent), auto (0.49 per cent), metal (0.49 per cent), oil & gas (0.19 per cent), and financial services (0.17 per cent). Capital goods led the gains with a 1.10 per cent rise. Services climbed 1.08 per cent, industrials 0.66 per cent, healthcare 0.56 per cent and consumer durables 0.42 per cent. "The focus will be on tariff settlement with the US government, as the due date is nearing and India is yet to conclude the agreement which could create uncertainty amongst the investors. While volatility will continue, India's strong growth prospects going forward would temper the fall," said Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd, quoted PTI. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Business Upturn
23-04-2025
- Business
- Business Upturn
Kimia Biosciences CFO Rakesh Chetani resigns to pursue new career opportunities
By Aditya Bhagchandani Published on April 23, 2025, 17:14 IST Kimia Biosciences Limited announced the resignation of its Chief Financial Officer (CFO), Mr. Rakesh Chetani, who has stepped down citing personal reasons and a desire to explore new avenues in his professional journey. His resignation was formally submitted on April 22, 2025, and he will be relieved from his duties at the close of business on May 11, 2025. Transition under SEBI guidelines The company has confirmed that the resignation was voluntary and not due to any material concerns. As per Regulation 30 of SEBI Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015, and the July 2023 Master Circular, the necessary disclosures have been submitted to the stock exchanges. Kimia Biosciences also acknowledged the significant contributions of Mr. Chetani during his tenure and thanked him for his service to the company. What's next for Kimia Biosciences? The company has not yet announced a successor for the CFO position. It is expected that a new appointment or interim arrangement will be communicated in due course to ensure smooth financial operations post May 11. FAQs Why did Rakesh Chetani resign as CFO of Kimia Biosciences? He resigned due to personal reasons and to explore other professional opportunities. When will his resignation be effective? He will be relieved of his duties after the close of business on May 11, 2025. Is there a replacement named? As of now, no successor has been announced. Were there any material concerns behind his resignation? No, the resignation was based purely on personal grounds, as confirmed by the company. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
