Shares of gems and jewellery firm Rajesh Exports Ltd dropped 5 per cent to hit the lower circuit limit after capital markets regulator Sebi barred its promoter and CEO Rajesh Mehta from dealing in the company's securities, alleging large-scale misrepresentation of financial statements and diversion of funds.
Rajesh Mehta, Chairman of Rajesh Exports, has distanced his firm from LIC's investment decisions, stating, "We don't even know where LIC's office is. We have no contact, no connection. This decision of buying shares through the secondary market is their own decision in a prudent commercial manner."
The company said Valcambi was the engine driving the group's business, but Valcambi's audited accounts showed revenues that were only a fraction of what the group reported. That raised a major red flag.
Rajesh Exports has vehemently denied allegations of inflated revenues and preferential share placement to LIC, labelling them 'speculative inferences' and affirming its commitment to addressing concerns raised by Sebi.
Rajesh Exports has refuted allegations of financial irregularities, stating that its reported revenues are accurate and attributing the Securities and Exchange Board of India's (Sebi) interim action to a 'communication gap' between the regulator and the company.
Did you know Sonali Kulkarni was recommended by Mani Ratnam at the very beginning of her career?
Registration begins ahead of the Amarnath Yatra starting on July 3.
Days after an altercation with a Bharatiya Janata Party block chief, IAS officer Rinku Singh Rahee, posted as sub-divisional magistrate (SDM) of Jalaun tehsil, has been transferred with immediate effect.
Tamil Nadu's Rajesh Ramesh won gold in the 400m men's Race A at the Indian Open, clocking a personal best. Vithya Ramraj won the women's 400m Race A.
When Rajesh Khanna was a superstar in the early 1970s, female fans would write letters in blood to him. But the man himself had eyes only for one woman: His girlfriend Anju Mahendru.
A 45-year-old Station House Officer (SHO) of Mala police station, Rajesh R, was found hanging in his official quarters in Thrissur, Kerala. An investigation has been launched to determine the circumstances surrounding his death, with police examining for a suicide note and recording statements from colleagues and family.
Indian benchmark indices, Sensex and Nifty, rebounded in early trade after two days of decline, driven by positive global market trends and strong buying in auto stocks. This recovery follows a robust performance in US markets and a rally in Asian markets, particularly Japan's Nikkei, fueled by AI-driven technology optimism. Track Sensex, Nifty on July 1.
The Mirzapur: The Movie teaser brings back the world of crime, power and revenge with Ali Fazal, Pankaj Tripathi and Divyenndu reprising their fan-favourite roles.
Of course, NOT! Here's why. And here's how you can increase your Rs 1 crore retirement corpus.
West Bengal Chief Minister Suvendu Adhikari has alleged that the building plan for the collapsed Kolkata warehouse, which killed 10 people, was approved despite a faulty design and bears the signature of former mayor and TMC leader Firhad Hakim. Adhikari announced Rs 10 lakh compensation for the deceased's families and Rs 1 lakh for the injured, while also suspending all construction work in the Kolkata Metropolitan Area for four weeks for an audit of sanctioned plans.
In this episode of The Rediff Podcast, supermodel Reha Sukheja opens up about her unplanned journey into modelling and how she found the courage and confidence to become a successful runway icon.
Security forces have been searching Rajouri's dense forests for ten days following intelligence about suspected terrorists hiding in the area.
Tata Motors Passenger Vehicles is gearing up for the next phase of electric vehicle adoption in India, targeting over 30% EV penetration by FY31. The company plans to launch four new products and over ten refreshes by FY31, expanding its portfolio to ten EV nameplates. This strategy aims to move beyond early adopters to engage the early and late majority consumers, focusing on enhanced range, faster charging, and improved battery technology.
India's Senior B and Men's A bridge teams have successfully advanced to the semifinals of the fifth Asia Cup Bridge Championship, held in Panaji. The Senior B team topped the Swiss league, while the Men's A team secured a third-place finish, setting the stage for Friday's knockout rounds.
India concluded the 5th Asia Cup Bridge Championship with a total of four medals, including three silver and one bronze. While Hong Kong China, Indonesia, China, and Australia claimed gold in team categories, India secured silver in both team and pair events, showcasing a strong performance in the regional competition.
A four-year-old boy was allegedly killed by his father for repeatedly crying for milk in the Powai area of Mumbai, police said on Saturday. The father, Rajesh Prakash Singh, has been arrested.
'With this deal, we may see even 50 launches a year within the next few years.'
The technology services sector in India will continue to remain relevant to global enterprises transformation in the artificial intelligence (AI) era, the Nasscom US CEO Forum said, even though there will be changes in how services are delivered and scaled up. Chief executive officers of Indian technology companies, who attended the discussion, also said AI will expand the addressable market opportunity across enterprise modernisation, data, AI governance and intelligent operations.
The Congress-led UDF is set to move a no-confidence motion against the BJP-led administration in the Thiruvananthapuram Municipal Corporation. This move comes as the BJP faces a fragile majority, exacerbated by a councillor's arrest and the invalidation of oaths for 20 councillors. The UDF cites administrative paralysis and mismanagement, while the LDF's stance on supporting the motion remains a key factor.
Know more about Chin2 Bhosle, grandson of the legendary Asha Bhosle, who defied a conventional career to pursue his passion for music.
Their Supreme Sacrifice for the Motherland will Never be Forgotten.
India's senior bridge teams, both A and B, have made an impressive start at the fifth Asia Cup Bridge Championship in Goa, positioning themselves among the top contenders after the opening day. While the senior teams excelled, the women's teams faced a challenging start.
Tamil cinema loses its 'King of Screenplay' as legendary filmmaker K Bhagyaraj passes away at 73, leaving behind a timeless legacy of storytelling.
At an aggressive starting price of 18.79 lakh, the Tata Sierra.ev has a real-world range of 510 to 530 km with the 75 kWh battery pack on a single charge while the smaller 63 kWh battery coughs out a real-world range of 440 to 460 km, plus lifetime battery warranty as standard. And with the intelligent Quad-Wheel Drive system pushing out 504 Nm of torque, the EV flies from 0 to 100 km/h in just 5.8 seconds, says Rajesh Karkera.
A Delhi court has affirmed that travelling abroad is an integral part of Fundamental Rights, allowing a woman accused in a money laundering case to visit Thailand for her children's summer vacation. The court balanced her right to travel against the risk of her fleeing justice, finding no evidence to suggest she would abscond.
Indian stock market benchmark indices Sensex and Nifty rebounded in early trade, driven by a decline in crude oil prices, supportive global cues, fresh foreign fund inflows, and buying in blue-chips like Reliance Industries and HDFC Bank. Track Sensex, Nifty movement on June 22, 2026.
A committee constituted by the West Bengal government to carry out a special audit of sanctioned plans for high-rise residential and commercial buildings in and around the city will meet on Friday to begin the exercise, Chief Minister Suvendu Adhikari said.
'The first time Bharathi sir looked at me, I think he was shocked and disappointed. This is the girl, who's going to be playing his most important character. Sridevi had done it before me, and what an actor she was! She was definitely more experienced than me because she'd been working as a child star, and I was a gawky teenager.'
'It's very important for India to retain its sovereignty. India should not sign any agreement which compromises its sovereignty.'
Life cycle funds may suit people who are starting their investing journey. They may suit those who do not want to monitor their investments frequently. Busy professionals, beginners and delegators, who lack the time, information or interest to manage asset allocation actively, may find these funds useful.
'Why not aspire for 8 or 9 or even 10 per cent?'
At least 11 people, including three women and a 10-year-old girl, were killed in lightning strikes across Jharkhand over the last 24 hours, police said on Monday.
A 25-year-old inmate, Hrithik alias Rankit Bhadana, was found dead by suicide in Neemka jail hospital. His brother alleges torture by a jail official, while authorities deny the claims. The incident has led to an investigation and highlights previous issues at the jail.
Non-resident Indians (NRIs) in the Gulf region are increasingly purchasing term life insurance policies from India, driven by geopolitical uncertainties in West Asia and the significant cost advantages offered by Indian products, with the GCC region now contributing over half of the total NRI demand.
Cook your summer weather sabzis before the season goes.
