Vakrangee

Shares of Vakrangee rose 5.4 per cent at Rs 34.98 a piece on the BSE in Monday's intraday trade

The surge in Vakrangee share price came after the company announced that its Board of Directors will meet on Saturday, December 21, 2024, inter alia, to consider the proposal for raising of funds

Vakrangee share price: Around 2.62 million shares have changed hands on the counter, thus far, on the BSE

Central bank had first issued show-cause; latest action follows company's response to the notice

The Reserve Bank on Monday said it has imposed penalties on various financial entities, including Rs 1.76 crore on Vakrangee, for violating various norms. The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 1,76,00,000 on Vakrangee Ltd for non-compliance with certain provisions of the White Label ATM (WLA) directions, the central bank said in a release. Among others, the regulator has imposed a Rs 30 lakh penalty on The Jammu and Kashmir State Co-operative Bank Ltd; a fine of Rs 6 lakh on Mumbai-based The Pratap Co-operative Ltd and Rs 5 lakh each on LIC Housing Finance and The Mysore Merchants Co-operative Bank Ltd. The Nagar Sahakari Bank Ltd, Maharajganj, Uttar Pradesh has been levied a fine of Rs 4 lakh; while Karnataka-based The City Co-operative Bank Ltd and Uttar Pradesh-based Banda Urban Co-operative Bank Ltd were penalised with fines of Rs 2 lakh each. The RBI said these actions are based on the deficiencies in regulatory compliance and are not intended to

Tarsons Product will make its debut on the bourses today, the issue price was fixed at Rs 662 per share

Six companies are slated to announce earnings today including BEPL, DRC Systems India, JTL Infra, and Ind Bank Housing

The S&P BSE Smallcap index hit a fresh 52-week high of 17,136 on the BSE in intra-day trade today.

The board withdrew the proposed amalgamation of Vakrangee Logistics and Vakrangee Finserve with Vakrangee Ltd

"Vakrangee can now directly handle payment and aggregation of payment services relating to bills under the scope of BBPS (Bharat Bill Payment System)," the company said

Despite the 10 per cent surge on Friday, the stock has underperformed the market by falling 19 per cent in past three months, as against 7 per cent rally in the S&P BSE Sensex

The specialty retail's revenue from operations stood at Rs 207.39 crore in Q4FY20, as against Rs 101.46 crore for the corresponding quarter last year, registering a growth of 104.32 per cent

For all operators who want to setup Electric Vehicle services in India, it will make sense for them to leverage Vakrangee's charging infrastructure

/ -- Vakrangee Limited (VL), has announced that it has appointed the Blue Dart veteran Mr. Anil Khanna as its new Managing Director & Group CEO effective January 25, 2019. Prior to Vakrangee he was the Managing Director of Blue Dart Express Limited since 2007. Mr. Dinesh Nandwana, the founder promoter has been elevated to the role of Executive Chairman and remains fully committed and would continue to play an active role in the Business strategy and operations. Commenting on the same, Mr. Dinesh Nandwana, Founder Promoter & Executive Chairman: said, "We are delighted to welcome Mr. Anil Khanna to the Vakrangee leadership team and family. With over four decades of proven business track record, Mr. Anil Khanna has the right combination of wealth of knowledge, leadership and business acumen to propel our company to new heights of growth and aspiration. We are confident that he will play a key role in the continued growth at Vakrangee." He added, "We have been adding senior ...

Vakrangee's stock took a severe hit in 2018 ending the year at Rs 33.35, falling 92 per cent during the year from Rs 421.

The stock slipped 18% to Rs 51.50 on the BSE in intra-day trade after the company reported a sharp 92% fall in its consolidated net profit at Rs 131 million in June quarter.

The stock is locked in lower circuit of 5% at Rs 81.50, falling for the 10th straight trading sessions on the BSE.

The stock locked in lower circuit for the eight straight trading days, down 5% at Rs 190 with pending sell orders for a combined 12.34 million shares on the BSE and NSE

The stock hit an intra-day high of Rs 294, rallied 90% in past four weeks from Rs 155 on March 1, 2018, as compared to 2.6% decline in the Sensex.

The stock moved higher by 5% to 163, bouncing back 10% from its 52-week low of Rs 147 hit in early morning trade on the BSE