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."
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.
The National Financial Reporting Authority (NFRA) has commenced an investigation into Rajesh Exports concerning a 15.15 trillion financial misstatement, following a referral from market regulator Sebi.
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.
The third edition of the NEXA Indian Streaming Academy Awards saw a mix of glamour and talent on the red carpet.
Chirag Vohra has set a benchmark with his performance as Gandhi in Freedom At Midnight.
From the upcoming biopic Amri on Amrita Sher-Gil to classic roles like Akshaye Khanna's Sid in Dil Chahta Hai and Anil Kapoor's Majnu Bhai in Welcome, Bollywood has often explored the lives and artistry of painters.
India's home-grown EV startups say the government's auto PLI scheme is helping big players while shutting out innovators building electric two- and three-wheelers from scratch.
Riddhima Kapoor Sahni, Neetu Singh and Rishi Kapoor's daughter, is making her acting debut at 46, joining a list of actors who took their sweet time to be bitten by the acting bug.
'We want to become India's topmost integrated studio, working in different languages.'
The Supreme Court has ruled that borrowers are not entitled to a personal hearing before banks classify their loan accounts as "fraud" under RBI directions, clarifying that a written response to a show-cause notice and access to the forensic audit report (with redactions) are sufficient for natural justice.
'Each mother I have played is different, but the writing dictates the doing of it. If it's written well, that's half the work done for an actor.'
'It would be similar to what happened during COVID-19.' 'They are not just losing income, but being pushed into distress.'
A bench of Justices Vikram Nath and Sandeep Mehta termed the exorbitant rise of airfares by airlines as "exploitation" and asked the Centre and the Directorate General of Civil Aviation (DGCA) to file their replies to a PIL seeking binding regulatory guidelines to control the unpredictable fluctuations in airfare and ancillary charges imposed by private airlines in India.
Amazon Prime Video promises big releases coming up this year!
A look at the stars who attended the Jolly LLB 3 premiere.
Rediff.com, one of India's pioneering internet companies, on Tuesday announced the appointment of Mr Vishal Mehta as its new Chairman and Managing Director. This key leadership change follows Infibeam Avenues Ltd's acquisition of a majority stake in Rediff.com.
Where was the Board when a predictable regulatory change brought the country's largest airline to its knees? asks Dr Sudhir Bisht.
Please e-mail your pictures to getahead@rediff.co.in (My Lord Ganesha Pix) with your name, location and details about your Lord Ganesha and we will publish the best photographs on Rediff.
The Supreme Court has said that selling land or property is not a service under the Finance Act, 1994, so such sales cannot be charged with service tax.
This Delhi Crime series belongs to Huma Qureshi, who plays Badi Didi as a hateful woman. She also commands some admiration for the way she negotiates with venal men and even some degree of sympathy for making the best of whatever life throws at her, observes Deepa Gahlot.
Vroom, which was conceptualised by MuSo and executed in partnership with Vikram Mehta, CEO of Planet Auto, is more than a car show, it is an educational pit stop that promises to ignite a lifelong interest in engineering, mechanics, and design.
Several benches of the Bombay high court have recused from hearing HDFC Bank CEO and MD Sashidhar Jagdishan's plea to quash an FIR of cheating and fraud registered against him on a complaint filed by the Lilavati Kirtilal Mehta Medical Trust. While some judges cited having worked with either the Trust or the lawyers appearing for it, one judge on Thursday voluntarily disclosed that he held few shares of the HDFC Bank.
'Investors' decisions should reflect their financial goals, risk tolerance, and the amount of gold already present in their portfolio.'
Singh said that about 150 people including women and forest, revenue and other officials were present at the time of the incident, and if the officials were assaulted, "why are there no eyewitnesses".
The story of the Bombay Stock Exchange and the people who shaped its growth: From wars and bomb blasts to speculators, reformers and wealth creators.
Purchase health insurance early while you are disease-free. 'It might become very difficult to get a comprehensive health cover for someone who has already had cancer.'
The survivor's father claimed the family had been cheated by their lawyer who did not file an objection to Asaram's bail plea despite getting all the papers ready.
'Her love for the story -- be it understanding the story quickly or reading the script, then composing yourself in almost no time for the shot.' 'All of it is just so natural to her.'
Global funds have pulled out Rs 1.54 trillion from domestic stocks in fiscal 2024 - 25 (FY25), the highest-ever outflow recorded so far, according to the data compiled by Business Standard. The last time the global funds exited Indian shores in droves was back in 2022, when they sold a net Rs 1.41 in the backdrop of Covid-19.
'...and I was a great admirer of his leadership of Tata Sons.'
Industry insiders in India warn that any such move in the pharmaceutical sector could be counterproductive for the US as it may face increased drug shortages if tariffs are imposed on such imports.
'We may see even more restrictive policies during 2.0.'
With nearly 100 launches and unveils, the Bharat Mobility Global Expo 2025, held in Delhi from January 17 to 22, made one thing clear to automobile enthusiasts: Electric vehicles (EVs) are the way ahead for the Indian auto market for years to come.
Anushree Mehta will direct the remake of Hrishikesh Mukherjee's classic film Bawarchi.
Netflix has announced a thrilling line-up for 2025.
Called 'Encore', Krishna Mehta's line showcased on Day Three of the LFW was the very embodiment of Winter/Festive.
Mumbai, infamous for its voter apathy, stepped out to exercise its franchise on Wednesday.
