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.
The CBI has filed a charge sheet in a Rs 3,750-crore cheating case against Reliance Communications Ltd. (RCom), former executives of the Reliance ADA Group, and a former Chief Investment Officer of Life Insurance Corporation of India (LIC). The case involves LIC subscribing to NCDs worth Rs 1,500 crore from RCom in 2012 based on alleged misrepresentations, with funds subsequently diverted to ADA group companies, causing wrongful loss to LIC.
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.
Buying a policy is only the beginning. Health insurance is a long-term commitment that needs regular review as your age, health needs and family circumstances change.
The CBI has registered a case against Reliance Capital Limited (RCAP), its former chairman Anil Ambani, and others for an alleged Rs 2,684.57-crore fraud. The case stems from a complaint by the Life Insurance Corporation of India (LIC) regarding investments in RCAP's non-convertible debentures, alleging criminal conspiracy, misrepresentation, and fraudulent diversion of funds causing significant loss to LIC.
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.
India's External Affairs Minister S Jaishankar, addressing the UN General Assembly, strongly criticised Pakistan for its support of terrorism, asserting India's right to self-defence and stating that friendship cannot coexist with terrorism. He also highlighted India's global responsibilities, contributions to the Global South, and its stance on reformed multilateralism and AI.
Ladakh Lieutenant Governor Vinai Kumar Saxena has approved new rules for the regularisation of 'nautor lands', granting proprietary rights to eligible landholders. This move aims to resolve a long-pending issue, provide legal certainty, and allow land to be used as a financial asset for thousands of residents in the Union Territory.
The rules require nuclear plant operators to maintain an insurance policy, financial security or a combination of both to cover civil liability for nuclear damage.
The US push for clearer crypto rules is putting pressure on India to fill its own regulatory gap for virtual digital assets.
The Sports Ministry has provisionally recognised the Federation of Motor Sports Clubs of India (FMSCI) as a National Sports Federation (NSF). This status makes FMSCI eligible for financial grants and is a significant step in the government's efforts to bring Formula 1 racing back to India, with a Task Force also being formed to explore hosting major motorsport events.
The Sports Ministry has provisionally recognised the Federation of Motor Sports Clubs of India (FMSCI) as a National Sports Federation (NSF), a move aimed at promoting motorsport and facilitating Formula 1's return to India. This recognition requires FMSCI to amend its constitution to comply with governance acts, and a Task Force is being established to assess the benefits and challenges of hosting major motorsport events.
A doctor in Anantnag, Jammu and Kashmir, has been suspended following an inquiry into alleged large-scale procedural irregularities, including a pacemaker implantation scam where nearly 50 per cent of evaluated patients underwent unnecessary advanced cardiac surgical procedures. The inquiry revealed fraudulent insurance claims, patient exploitation, and manipulation of medical records.
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.
The simmering tension between former Cricket Association of Bengal (CAB) president Avishek Dalmiya and the current Sourav Ganguly-led establishment came out into the open on Wednesday, with the state cricket body's top brass issuing a strongly-worded rebuttal to allegations of corruption and governance failures barely three months before its annual general meeting.
Discrepancies in actor Vijay's election affidavits regarding pending criminal cases and bank accounts have surfaced, potentially leading to legal and political challenges.
A Delhi court has ordered the framing of charges against directors of Three C Shelters Pvt Ltd in connection with the stalled Greenopolis housing project in Gurugram, citing a prima facie case of cheating, forgery, and criminal conspiracy for allegedly misleading homebuyers.
These losses increase insurance premiums for customers and reduce insurer margins on the other.
There is need for buyers to understand cancellation rules before entering into a purchase agreement with a developer.
The prosecution has alleged that the victim, also an actor, was induced into a relationship by Khan.
In his formal complaint dated December 22, 2024, Prabhakaran also accused Chaubey of nepotism and even misusing the brand of FIFA without prior approval from the international body.
Dr Pananjay Tiwari, founder and director of Impel Overseas Education, highlights what international students should keep in mind in order to be safe in a new country and avoid being deported.
All that you must know about the pros and cons of gift deeds, tax implications, essentials, documents required, conditions, etc...
Universities and immigration authorities take student conduct seriously. Behaviour that is deemed unacceptable or dangerous can lead to legal consequences, including deportation, warns Dr Pananjay Tiwari, founder and director, Impel Overseas Education.
After the National Stock Exchange (NSE), rival bourse BSE on Thursday cautioned investors against deepfake videos of its MD and CEO Sundararaman Ramamurthy giving stock recommendations. In a statement, the exchange said it has noticed some fake, unauthorised and fraudulent videos and audios created through innovative and ingenious technology impersonating the BSE's top honcho are being circulated on social media recommending certain investments and advisory in stocks.
Justice Renu Agarwal made the observation while rejecting a Hindu-Muslim couple's plea for police protection.
In an unusually hard-hitting response to criticism against it in a United States government report on religious freedom, India on Friday described the findings as 'deeply biased', visibly driven by 'votebank' considerations and a mix of imputations and selective usage of facts.
Indian pharmaceutical companies are stepping up their efforts to combat the problem of counterfeit drugs, employing a variety of strategies, from packaging innovations to engaging private investigation agencies. The stakes are high, as counterfeit medicines not only harm consumers but also tarnish the reputation of leading brands.
The Army has said that Agniveer Amritpal Singh committed suicide by shooting himself while on sentry duty and that military honours were not extended to his funeral as deaths arising out of self-inflicted injuries are not given such honours.
Capital markets regulator Sebi has sent a notice to Deccan Chronicle Holding's promoters and asked them to pay Rs 4.29 crore in a matter related to misrepresentation of financial statements of the company from FY 2008-09 to 2011-12. The regulator directed T Venkattram Reddy, T Vinayak Ravi Reddy and P K Iyer to pay Rs 4.29 crore, which includes interest and recovery costs, within 15 days, Sebi said in a demand notice issued on Friday. In the event of non-payment, it will recover the amount by attaching and selling the movable and immovable properties of the Deccan Chronicle Holdings Ltd (DCHL) promoters.
Max Group founder and chairman Analjit Singh has on Monday refuted the allegations made against him in a petition filed with the NCLT, terming it as "downright untruthful". Singh has said he will contest these allegations in the NCLT hearing. "Apart from being downright untruthful, what is even more anguishing is the agenda with which these reports have been encouraged and planted while the matter is sub judice," said a statement put on BSE by Max quoting Analjit Singh.
Sebi has asked exchanges to appoint independent auditors to conduct forensic audit of these firms for verification, including their credentials/financials.
"The entrepreneurs/promoters of companies where banks have identified siphoning/diversion of funds, misrepresentation, falsification of accounts and fraudulent transactions should be debarred from institutional finance from the scheduled commercial banks, development financial institutions, government-owned NBFCs, investment institutions, for floating new ventures," an RBI circular said.
Markets regulator Sebi on Monday imposed a penalty of Rs 25 crore on Yes Bank in the matter of misselling the lender's AT-1 bonds few years ago. Besides, the watchdog has imposed a fine of Rs 1 crore on Vivek Kanwar, who was the head of the private wealth management team, and Rs 50 lakh each on Ashish Nasa and Jasjit Singh Banga. The two individuals were part of the private wealth management team at the time of violation. They need to pay the penalty within 45 days, Sebi said in its order.
Do you know the most common exclusions in a mediclaim plan? Or, why your base premium keeps increasing over a period of time?
In a ruling in May, a UK high court judge had refused to overturn a worldwide order freezing Mallya's assets and upheld an Indian court's ruling that the consortium of 13 Indian banks were entitled to recover funds amounting to nearly 1.145 billion pounds.
Judge Andrew Henshaw refused to overturn a worldwide order freezing Mallya's assets and upheld an Indian court's ruling that a consortium of 13 Indian banks were entitled to recover funds amounting to nearly $1.55 billion.
Events in America have strengthened the hand of those leaders there who wish India well, but think of India as being a collection of Indians.
If Indians are mistreated, they will object, asserts Aakar Patel.
The NCLT said the new board must hold its meeting by October 8 and come out with a road map before the next hearing on October 31
Embattled liquor tycoon Vijay Mallya on Monday lost his high court appeal against his extradition order to India in relation to charges of fraud and money laundering amounting to an alleged Rs 9,000 crores.
