BENGALURU: Many in Karnataka know Rajesh Mehta for his Shubh, Laabh, and Oyzterbay jewellery stores. The three brands for a while looked like they could together take on the might, and replicate the success of the other Bengaluru-headquartered national biggie-Tanishq.But that was not to be. As Mehta struggled with Sebi investigations in the past few…
BENGALURU/MUMBAI: A day after markets regulator Sebi banned Rajesh Mehta, the chief of Bengaluru-based gold refiner Rajesh Exports, for inflating the company’s revenues over several years to induce investors to invest in the stock, the company said there was communication gap with Sebi that led to the regulatory decision. Mehta also stood by the company’s…
Foreign companies are increasingly using India’s booming initial public offering (IPO) market to cash out investments and send billions of dollars back to their home countries rather than raise fresh capital for expansion, according to a Reuters analysis.As per the report, only one of the six foreign-based companies that listed their Indian subsidiaries in Mumbai…
The US stock market began trading on a mixed note on Thursday, as a pullback in several artificial-intelligence-linked stocks offset broader gains across the market, while easing oil prices provided support to investor sentiment.The S&P 500 gained 0.02% to 7,555.08 after retreating from its record high a day earlier, while the Nasdaq Composite fell 0.58%…
India is set to hit the accelerator on its ethanol drive, laying the groundwork for a wider ethanol fuel network as it looks to cut down dependence on imported fossil fuels. Under the plan, ethanol dispensing stations will begin appearing in several cities, with the network set for a sharp expansion over the next two…
Russia, for the first time, has publicly acknowledged a dip in its oil production this year, even as it assured that the country was continuously stepping up its “export infrastructure to its maximum capacity.”Speaking to reporters at the St Petersburg International Economic Forum on Thursday, deputy Prime Minister Alexander Novak said that current output was…
In addition to the restrictions imposed on Mehta, Sebi instructed the company to ensure accurate and transparent disclosures. (AI image) Rajesh Exports share price today: Shares of jewellery exporter Rajesh Exports Ltd came under heavy selling pressure on Thursday, slipping 5% and hitting the lower circuit after the Securities and Exchange Board of India (Sebi)…
Markets are likely to remain volatile in the near term amid escalating tensions in West Asia, which continue to keep crude oil prices elevated and triggering persistent Foreign Institutional Investor outflows. Investor sentiment is expected to remain cautious as the lack of meaningful progress in the ongoing US-Iran negotiations continues to fuel concerns over global…
MUMBAI: The RBI rejected all bids for 182-day and 364-day treasury bills while accepting only 91-day bills at auction on Wednesday, signalling its discomfort with rising short-term yields ahead of the monetary policy decision due Friday.The RBI sold 91-day treasury bills at a yield of 5.56%. The central bank typically rejects bids when it finds…
MUMBAI: Fresh flare ups in the Persian Gulf region on Wednesday pushed up crude prices to near the $100 per barrel level and sank the rupee by around 50 paise in intra-day trades. These factors combined to pull the sensex down by over 1,100 points by mid-session, before some buying emerged at lower levels. At…