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.
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.
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.
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.
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.
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.
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.
Their Supreme Sacrifice for the Motherland will Never be Forgotten.
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.
'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.'
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.
Cook your summer weather sabzis before the season goes.
'The position of Karachi depicted at that time and the intense rivalry among the factional overlords in Lyari is very close to reality.'
A five-year-old girl was found murdered in her neighbour's house in Jaipur, hours after she went missing. Police have detained a woman, who is suspected of killing the child out of revenge following a dispute with the girl's mother.
Domestic passenger vehicle dispatches in India surged by 27.3 per cent year-on-year to a record 4,38,854 units in May, driven by reduced GST rates and easier financing, according to the Society of Indian Automobile Manufacturers (SIAM).
Algo strategies must be registered with stock exchanges.
A fast-track court in Muzaffarnagar, Uttar Pradesh, has sentenced a 50-year-old man to death for the murder of a woman and her six-year-old son in 2011.
A screening of David Dhawan's film Hai Jawani Toh Ishq Hona Hai was held in Mumbai, and its cast members made sure to attend.
Indian benchmark indices, Sensex and Nifty, extended their rally for the fourth consecutive day, driven by a significant drop in crude oil prices and strong performance from IT firms, despite mixed global cues.
A history-sheeter, Shyamkumar, has been arrested in Thiruvananthapuram for allegedly assaulting a father and son after they questioned him for blocking a road. The victims sustained injuries, and police have registered an attempt to murder case, with plans to invoke the Kerala Anti-Social Activities (Prevention) Act (KAAPA) against the accused due to his criminal background.
Of course, NOT! Here's why. And here's how you can increase your Rs 1 crore retirement corpus.
India's electric vehicle market is experiencing an unprecedented boom with a 37 per cent increase in new entrants, driven by supportive policies and infrastructure.
A local BJP functionary, Vinod, was allegedly beaten to death in Dehradun's Bairagiwala village following an irrigation dispute, leaving three family members critically injured. Authorities have razed "illegal" structures belonging to the accused, and police have registered a case against 12 named suspects and others, deploying forces to maintain law and order.
The mortal remains of a 26-year-old Dalit youth, Akash, who died in March due to alleged custodial torture, were finally cremated in Madurai 101 days after his demise. The cremation followed a Madras High Court directive, as his family had refused to accept the body, demanding the arrest of police personnel involved. The incident sparked widespread outrage, leading to a CB-CID investigation, suspension of six police personnel, and a murder case registered against officials.
A 51-year-old man died and his nephew was seriously injured in a violent altercation allegedly linked to a property dispute in Delhi's Subhash Place area.
Indian benchmark indices Sensex and Nifty rallied in early trade, driven by a positive trend in global markets, cooling crude oil prices following a US-Iran peace deal, and fresh foreign fund inflows.
India's exports reached a six-month high, growing by 18 per cent to USD 45.2 billion in May, driven by electronic goods, petroleum products, engineering items, and pharmaceuticals. However, the trade deficit widened to USD 28.21 billion due to a 10 per cent rise in imports, particularly petroleum products and gold, amidst surging crude oil prices.
A police constable in Himachal Pradesh was allegedly assaulted in a road rage incident in Paonta, Sirmaur district. The accused, identified as Farman from Saharanpur, has been arrested, and a case registered under the BNS. The incident has sparked political criticism regarding the state's law and order situation.
'The share of the private sector is at its all-time high of around Rs 42,000 crore in FY26, reflecting its expanding role in the defence ecosystem.'
AI-driven job disruption, rising debt, shrinking savings and a changing global economy are reshaping India's middle class. Saurabh Mukherjea discusses jobs, entrepreneurship, investing and the future of India's economic growth on THE REDIFF PODCAST.
Indian stock markets extended their gains for a second consecutive session, with the Sensex closing 736 points higher, driven by a global equity rally and a significant drop in crude oil prices following the finalisation of a peace deal between the US and Iran to end their 107-day conflict and reopen the Strait of Hormuz.
The Tirumala Tirupati Devasthanams has acquired a 10 acre plot in Assam, paving the way for construction of the first Sri Venkateswara temple in North East India.
India's foreign policy establishment is adjusting with alacrity in real time -- an extraordinary spectacle in itself, considering the manifest reluctance to indulge in public diplomacy critical of American moves, observes Ambassador M K Bhadrakumar.
Lokayukta police in Indore raided the premises of Women and Child Development Department Joint Director Laxminarayan Kandwal, uncovering assets worth approximately Rs 9.5 crore, nearly four times his total salary over 30 years of service. The raids followed a complaint of disproportionate assets, leading to a case registered under the Prevention of Corruption Act.
