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.
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.
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.
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.
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.
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.
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.'
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.
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.
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.
India Post is reinventing itself from a traditional mail service into a modern logistics, e-commerce, and real estate powerhouse. Several post offices situated inside major university campuses, called Gen Z post offices, have received a facelift, with cafe-like decor and wi-fi availability.
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).
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.
Algo strategies must be registered with stock exchanges.
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 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.
