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Rajesh Exports falls 5%, hits lower circuit for 2nd day after ED action
ED's action came against Rajesh Exports in the backdrop of Sebi's allegation of a massive financial fraud in the company.
BSE seeks clarification from Rajesh Exports on ED searches
The Bombay Stock Exchange (BSE) on Wednesday sought a clarification from gold jewellery firm Rajesh Exports Ltd over reports of searches conducted by the Enforcement Directorate (ED) at multiple locations linked to the Bengaluru-based company. The exchange's query came a day after the central agency searched nine premises connected to the firm under the provisions of the Foreign Exchange Management Act (FEMA). "The reply is awaited," Rajesh Exports said in a regulatory filing. The development marks a fresh escalation in the legal troubles surrounding the company, which is already facing allegations of a massive financial fraud levelled by the Securities and Exchange Board of India (Sebi). Rajesh Mehta, the company's Founder and Chairman, recently denied any fund diversion or wrongdoing in an interview with PTI. He said the firm would fully cooperate with the fresh forensic audit ordered by Sebi and would not challenge the market regulator's interim order against it.
RBI mandates kill switch for AI models at banks, introduces comprehensive model risk framework
The Reserve Bank of India is implementing stringent rules for banks and financial entities using Artificial Intelligence. A new draft framework mandates 'kill switches' for AI models, ensuring immediate shutdown if errors occur. Banks must also ensure human oversight, disclose AI use to customers, and manage risks associated with third-party AI providers. Board-level accountability for AI governance is a key focus, with a risk-based approach to model oversight.
RBI mandates kill switch for AI models at banks, introduces comprehensive model risk framework
The Reserve Bank of India is implementing stringent rules for banks and financial entities using Artificial Intelligence. A new draft framework mandates 'kill switches' for AI models, ensuring immediate shutdown if errors occur. Banks must also ensure human oversight, disclose AI use to customers, and manage risks associated with third-party AI providers. Board-level accountability for AI governance is a key focus, with a risk-based approach to model oversight.
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.
Akasa Air eyes 30% capacity growth in FY27
Akasa Air is set for a significant 30% capacity expansion this financial year, with ambitious long-term plans remaining steadfast despite geopolitical uncertainties. The airline, operating 39 Boeing 737 MAX aircraft, currently dedicates about a quarter of its capacity to international routes. With a focus on strong capitalization, Akasa Air is well-positioned to navigate rising operational costs, aiming for 30-40% growth over the next 4-5 years.
Will Amber Enterprises shares rally in the near term after Oppo deal? Here’s what Nuvama, other brokerages say
Amber Enterprises’ partnership with Oppo has drawn mixed brokerage views, with Nuvama and PL Capital bullish on growth and diversification benefits, while JM Financial remains cautious due to margin pressures and competition. The deal marks Amber’s entry into smartphone manufacturing, with investors closely watching execution and near-term stock movement.
Tata Capital shares slip 3% after stock rallies 17% in one week to lifetime high. What’s ahead?
Tata Capital shares saw a dip on Monday following a significant rally that propelled them to an all-time high last week. Despite a recent surge, the NBFC's stock experienced a correction. Analysts at JM Financial have upgraded their rating to 'Buy', citing strong growth prospects driven by retailization and expansion. The company's robust Q4 performance, with a 43% net profit jump, further bolsters confidence in its medium-term earnings potential.
Voltas gains as FY27 AC sales cross 1 million units in record time
Voltas rose 2.53% to Rs 1,366.90 after the company announced that it had crossed the milestone of 1 million air conditioner sales in FY27 within the first three months of the financial year.
US-Iran talks, oil movement to drive bullion trend next week: Analysts
Developments surrounding US-Iran negotiations, movement in crude oil prices and key global economic data are expected to steer gold and silver prices next week, analysts said. The focus will squarely be on talks scheduled in Burgenstock, Switzerland, where US Vice President J D Vance is expected to lead discussions with Iranian officials to build on last week's framework agreement aimed at ending hostilities and reviving nuclear negotiations. Analysts said the outcome of the talks could influence risk sentiment and energy markets, with implications for bullions. Domestic commodity markets will remain closed during the morning session on Friday on account of Muharram. "Gold and silver momentum looks sideways/corrective as focus will remain on the negotiation between Washington and Tehran and also on the flow of crude oil, LNG and raw materials from the Strait of Hormuz," Pranav Mer, Vice President, EBG - Commodity & Currency Research, JM Financial Services Ltd, said. The precious .
Voltas sells one million AC units in first quarter of FY27
Voltas has achieved a significant milestone, selling one million room air conditioners in the first three months of the 2026-27 financial year, a record for the company. This success, attributed to a refreshed product line and strong consumer trust, reinforces Voltas' leadership in India's competitive AC market. The industry anticipates robust sales this year following a subdued 2025, with demand boosted by intense heatwaves and strategic company initiatives.
Motilal Oswal prefers Amber and Dixon, stays cautious on Bata
Siddhartha Khemka, Head of Research, Wealth Management, Motilal Oswal Financial Services, remains cautious on Bata despite the appointment of a new CEO, citing market share losses and valuation concerns. He is positive on Amber Enterprises due to its Oppo manufacturing partnership and expects mobile operations to contribute meaningfully from FY28-FY29. He also sees upside in Dixon Technologies driven by the proposed Vivo joint venture. For Reliance Industries, easing inflation, strength in oil-to-chemicals and updates from the AGM remain key factors for investors. Disclaimer: The views and tips expressed by investment experts on CNBCTV18.com are their own, not of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.