Rajesh Exports Blames Communication Gap for Sebi Ban
Rajesh Exports chairman Rajesh Mehta claims a communication gap with Sebi led to the regulator's ban, defending the company's revenue figures as correct.
Category : Corporate News
Chhattisgarh Power Network Expands with Rs 1,502 Crore
CSPDCL invested over Rs 1,502 crore in 2025-26, energising 17,184 agri pumps and releasing 1.61 lakh new connections. The state expanded grids, electrified 92 villages, and achieved 100% PVTG electrification under PM-JANMAN.
ACB Alleges Rs 979 Crore Jal Jeevan Mission Tender Fraud
The ACB filed a chargesheet against retired IAS officer Subodh Agrawal and others for alleged corruption in Jal Jeevan Mission tenders worth Rs 979 crore, involving forged documents.
MPPSC Engineering Results 2025: Only 39 Qualify for 32 Posts
MPPSC declared State Engineering Services Exam 2025 results with only 39 candidates qualifying for 32 vacancies, far below the expected 96 shortlist. Shortfall highlights declining engineering recruitment.
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Liquor suppliers protest discount claims on unpaid bills
Liquor suppliers to Telangana Beverages Corporation allege the firm claims cash discounts on fresh payments while older bills remain unpaid for months, worsening cash flow pressures.
CBI arrests postal engineer for bribery in Lucknow
CBI and anti-corruption bureau arrested a postal department executive engineer for accepting a bribe of Rs 1.5 lakh from a contractor to process pending payments.
TN Petrol Dealers Threaten Shutdown Over Attack on Staff
Tamil Nadu Petrol Dealers Association warns of a one-day statewide shutdown of 7,000 fuel outlets if government fails to act on a machete attack at a Thoothukudi petrol bunk and police seizure of surveillance equipment.
TN govt signs Rs 18,600 crore MoU with L&T for 3 projects
The Tamil Nadu government signed an MoU with Larsen & Toubro for three projects worth Rs 18,600 crore, expected to create 8,200 jobs and boost digital infrastructure.
Belagavi Raid: Ponzi Scheme Firm Busted
A firm promising exorbitant returns was raided in Belagavi, Karnataka, on suspicion of running a ponzi scam. Assistant Commissioner Shravan Nayak led the operation.
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TVS SCS JV with Italy's ALA Group
TVS SCS has announced a joint venture with Italy's ALA Group, months after signing an MoU. The partnership aims to expand logistics services in Europe.
HPCL CSR Funds BLS Ambulance for Hunsur
District health officer Dr PC Kumaraswamy launched a BLS ambulance funded by HPCL CSR in Mysuru. The facility will serve Hunsur taluk's 2 lakh population amid rising road accidents.
Goldman Sachs India Co-Chairman Gunjan Samtani to Exit
Gunjan Samtani, co-chairman of Goldman Sachs in India, will leave the firm after 16 years. Ken Castelino and Balaji Sivasubramanian have been appointed co-heads of Goldman Sachs Services India as part of the succession plan.
Ola Electric Raises Rs 780 Crore via QIP, Oversubscribed 56%
Ola Electric raised Rs 780 crore through a QIP that was oversubscribed by 56%, with an indicative price of Rs 35.86 per share and a closing price of Rs 43.06.
Bihar CM Orders Four-Lane Ganga Path Project Start via PPP
Bihar CM Samrat Choudhary directed the road construction department to begin work on the Safiabad-Sabour four-lane Ganga Path via PPP mode, aiming to boost connectivity and tourism in eastern Bihar.
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NRAI Launches Mangaluru, Western Karnataka Chapter
The National Restaurant Association of India inaugurated its Mangaluru & western Karnataka chapter to unite hospitality businesses, promote culinary heritage, and drive growth in the region.
L&T Pledges Rs 18,600 Crore Investment in Tamil Nadu
Larsen & Toubro (L&T) has committed to invest Rs 18,600 crore in Tamil Nadu, focusing on infrastructure, energy, and technology sectors, boosting the state's industrial growth.
TVS Supply Chain enters aerospace, defence logistics via JV
TVS Supply Chain Solutions has formed a joint venture with Italy's ALA Group to enter aerospace and defence supply chain business, aiming to tap India's self-reliance push and EU trade deal prospects.
UAE Tightens Salary Payment Rules, Payroll Up 151%
New UAE rules require salaries on the 1st of each month. Payroll activity surged 151% on June 1 as firms scramble to comply, impacting SMEs and boosting transparency.
Congress alleges scam over LIC's Rajesh Exports stake
Congress accuses government of a 'gigantic scam' citing LIC's 10.8% stake in Rajesh Exports, which is under SEBI scrutiny for alleged stock manipulation.
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NCP Alleges Rs 24,300 Crore Loss in Ladki Bahin Yojana
NCP (SP) claims over 80 lakh ineligible beneficiaries received funds under Mukhyamantri Majhi Ladki Bahin Yojana, causing Rs 24,300 crore loss to Maharashtra exchequer.
Rajesh Exports Denies Irregularities, Cites Communication Gap
Rajesh Exports denies financial irregularities after Sebi bars promoter Rajesh Mehta, citing a communication gap as the reason for the regulator's action.
Amazon to Deploy 100,000 Electric Vans Globally by 2030
Amazon plans to deploy 100,000 electric delivery vans globally by 2030, expanding its India fleet. Over 50,000 vans were already deployed by end of 2025.
Congress Questions LIC Stake in Rajesh Exports Under SEBI Lens
Congress leader Jairam Ramesh questioned LIC's 10.8% stake in Rajesh Exports, which is under SEBI investigation for an alleged 'gigantic scam', hinting at ruling ecosystem instructions.
Pune IT Firm Shuts Down, Over 700 Left Jobless
Over 700 employees and interns of Thynk Tech India OPC Pvt Ltd in Pune lost their jobs after the company abruptly ceased operations. CEO Harshal Thakare was arrested for alleged cheating and breach of trust.
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Bigbasket Elevates Seshu Kumar Tirumala to COO
Bigbasket elevates Seshu Kumar Tirumala to Chief Operating Officer. He has been with the company since 2014, previously serving as Chief Buying and Merchandising Officer.
SEBI Bans Rajesh Exports Over Rs 15 Lakh Crore Scam
SEBI has banned Rajesh Exports and its owner from securities markets after finding revenue inflation of Rs 15.15 lakh crore via foreign subsidiaries. Investigations continue.
Air India, Riyadh Air Pact to Boost India-Saudi Ties
Air India and Riyadh Air have signed a pact to enhance connectivity between India and Saudi Arabia, tapping into the fast-growing India-Gulf aviation corridor driven by business, tourism, and diaspora traffic.
UMC Launches e-HRMS for Better Governance
Ulhasnagar Municipal Corporation introduces e-HRMS with facial recognition attendance, online leave management, digitized pension processing, and digital seniority lists to enhance transparency and efficiency.
Ludhiana Subdivisional Office Employee Held for Bribe
Vigilance Bureau caught Sarbjit Singh Bittu, a Raikot subdivisional office employee, accepting Rs 5,000 bribe for illegal plot registration in Ludhiana.
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SEBI Bars Rajesh Exports Promoter Over Revenue Misrepresentation
SEBI barred Rajesh Exports promoter from securities market for misrepresenting Rs 15 lakh crore revenue. Non-cooperation by statutory auditors also flagged.
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