Market News
Stay updated with the latest market trends, earnings, and economic indicators.
Canara Bank says Rajesh Exports exposure poses no risks, recoveries underway
MD and CEO Brajesh Kumar Singh said Canara Bank is comfortably placed on its Rajesh Exports exposure, with provisions and recoveries limiting the risk of any material financial impact.
Are Rajesh Exports shares a new Gensol Engineering in the making in the Indian stock market? - Mint
Are Rajesh Exports shares a new Gensol Engineering in the making in the Indian stock market?Mint
A five-year trail of LIC's red flags on Rajesh Exports before Sebi order
Years before Sebi flagged alleged revenue inflation at Rajesh Exports, its largest investor LIC’s voting trail shows repeated concerns over disclosures. This highlights the value of public records as investor warning signs, and also raises questions over whether LIC could have done more.
An Indian gold firm allegedly inflated revenue by $159 billion using its Swiss unit
Indian investigators allege Rajesh Exports overstated its Swiss unit Valcambi's revenue by a staggering $159 billion. SEBI's preliminary findings also point to missing documentation for African mine investments and fictitious trades. The company denies wrongdoing, calling the revenue interpretation misplaced. Shares fell following the probe's announcement.
Rajesh Exports Releases 10-Point Reply To SEBI Amid Rs 15.15 Lakh Crore Revenue Row
Rajesh Exports rejects allegations of revenue misrepresentation and says the SEBI's concerns stem from incorrect perceptions.
Explained: Sebi's Rs 15.15 lakh crore revenue inflation allegations against Rajesh Exports
Rajesh Exports has come under intense scrutiny after Sebi accused the company and its promoter of inflating revenues, misclassifying personal transactions as corporate sales and diverting company funds. The regulator's interim findings have raised serious governance concerns, though the company has strongly denied the allegations and defended its financial reporting.
Rajesh Exports slides after Indian regulator alleges $158 bln revenue overstated - Investing.com
Rajesh Exports slides after Indian regulator alleges $158 bln revenue overstatedInvesting.com
Rajesh Exports shares slide after Indian regulator alleges $158 bln in overstated By Investing.com - Investing.com South Africa
Rajesh Exports shares slide after Indian regulator alleges $158 bln in overstated By Investing.comInvesting.com South Africa
Rajesh Exports shares slide after Indian regulator alleges $158 bln in overstated - Investing.com India
Rajesh Exports shares slide after Indian regulator alleges $158 bln in overstatedInvesting.com India
Rajesh Exports share price falls below ₹100, hits 5% lower circuit for 2nd straight session; here's why
SEBI alleges Rajesh Exports misrepresented revenue over five years, raising concerns about financial statements accuracy. Share price locked in lower circuit despite company's clarification. No fine or penalty imposed by SEBI, company confident of resolving issues.
Rajesh Exports Under Pressure For Second Straight Day, Plunges Nearly 5% After SEBI Probe
In his first detailed interview since the order, Mehta said the headline figure of Rs 15.5 lakh crore cited by the regulator is a five-year figure. He added that there is no overstating of revenue by the company.
Rajesh Exports shares hit 5% lower circuit for 2nd day; firm cites 'communication gap' after Sebi order
Rajesh Exports shares tumbled for a second consecutive session on Friday, taking the two-day decline to about 10%, after Sebi's interim order alleged large-scale financial irregularities. The regulator said its investigation and forensic review found prima facie evidence that 97-99% of the company's reported revenue may have been inflated.