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Infosys, Rajesh Exports, TechM, among buzzing stocks as SENSEX jumps over 650 pts, NIFTY rises 1% in noon deals - Upstox
Infosys, Rajesh Exports, TechM, among buzzing stocks as SENSEX jumps over 650 pts, NIFTY rises 1% in noon dealsUpstox
Stocks to Watch today: IRFC, Yes Bank, Ola, NLC India, Bajaj Auto, Infosys
Stocks to Watch today: IRFC, Yes Bank, Ola Electric, Bajaj Auto, Infosys, Tech Mahindra, City Union Bank, Rajesh Exports, PFC, Honasa Consumer are among other stocks that will be in focus today.
ED searches Rajesh Exports amid Sebi probe into alleged revenue inflation
The Enforcement Directorate has conducted searches at premises linked to Rajesh Exports days after Sebi accused the company of overstating revenues by more than ₹15 lakh crore through its overseas subsidiaries. The company has denied any wrongdoing and said its financial reporting is accurate.
ED Conducts Searches At Rajesh Exports' Mumbai, Bengaluru Premises, Say Sources
The probes allege forex rule violations by the company, according to sources cited by NDTV Profit.
Rajesh Exports shares jump 5% after 30% crash in 7 days. How the alleged Rs 15.15 lakh cr fraud saga unfolded
Rajesh Exports shares hit the upper circuit after a steep seven-session decline triggered by SEBI’s interim order alleging large-scale revenue inflation. The company denied overstating revenue, attributed the issue to a reporting misunderstanding, and said it is cooperating fully while submitting supporting documents.
Stocks to Watch today: Lenskart, ZEEL, REC, PFC, Eternal, Airtel and more
Stocks to watch today: Lenskart, Zee Entertainment, REC, PFC, Eternal, Airtel, Tata Consumer Products, Vascon Engineers, Nuvama Wealth, Rajesh Exports, among others, will be in focus today.
SEBI mistook Valcambi EBITDA for revenue, all documents submitted: REL chairman
Rajesh Exports chairman Rajesh Mehta said SEBI's ₹15.15 lakh crore revenue inflation concern stems from a misunderstanding of Valcambi's financials, arguing that the regulator treated EBITDA as revenue while several other queries remain under examination.
Rajesh Exports Chief Defends Financials, Says SEBI Mistook Valcambi's Ebitda For Standalone Revenue
Mehta pushed back, contending the discrepancy stems from a misreading by the regulator.
Rajesh Exports won't challenge SEBI interim order, to cooperate with fresh forensic audit
Rajesh Exports said it will fully cooperate with the fresh forensic audit ordered by SEBI and has no plans to challenge the regulator's interim order, even as it disputes allegations of non-cooperation during the investigation.
Will cooperate fully with fresh forensic audit, won't challenge Sebi interim order: Rajesh Exports
Rajesh Exports Ltd will cooperate with a new forensic audit ordered by Sebi. The company faces allegations of inflating revenues by Rs 15.15 lakh crore. Chairman Rajesh Mehta denies impeding the audit, stating all requested documents were submitted. Sebi suspects massive revenue inflation through overseas subsidiaries.
Scandal-hit Rajesh Exports shares hit its 5% lower circuit for fifth straight session. Do you own?
Rajesh Exports shares faced heavy selling pressure, hitting a 5% lower circuit for five sessions after serious SEBI allegations. The stock has declined 22.6% in a week and 58% in a year, amid fears of disqualification from a government incentive scheme.
The curious case of Rajesh Mehta’s ‘ ₹50,000 crore’ battery business
An investment of ₹1,250 crore by the three funds over three years explains the steep valuation of Elest, a company that has no operations but has agreed to supply land, machinery and technology for ACC Energy Storage Pvt. Ltd, the battery business of publicly listed Rajesh Exports