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We don't even know where LIC's office is: Rajesh Exports chief amid regulatory heat
Rajesh Exports Chairman Rajesh Mehta clarified LIC's investment in his company, stating the insurer bought shares over two decades from the open market. He asserted neither promoters nor the company benefited from LIC's stake, emphasizing that ordinary retail shareholders are the ultimate gainers, regardless of LIC's potential losses or exit.
EUR/USD seen well supported above $1.16
Euro jumped on Friday against the dollar as recent Eurozone data signals towards an ECB rate hike in the near term. Euro-area inflation hit 3.2% in May, its highest in over two and a half years amid rising inflationary pressures due to elevated oil prices. However, Eurozone retail sales data for April declined at a faster pace of 0.4% in April, compared to the 0.3% contraction expected. Meanwhile, dollar index is trading slightly lower on Friday, favoring gains in Euro. The US Dollar Index (DXY), which tracks the Greenbacks value against six major currencies, trades 0.19% lower to near 99.19 ahead of the United States (US) Nonfarm Payrolls (NFP) data for May. EUR/USD pair is extending gains above $1.16 at $1.1643, up 0.20% on the day although caution will be exercised amid developments surrounding a potential US-Iran peace agreement to end recent hostilities. Tensions remain highly elevated following warnings from Iranian Foreign Minister Abbas Araghchi, who declared that the ...
Did retail give exits to NRIs, some FPIs in Rajesh Exports
Small investors piled up shares of the gold company over three years, even as its price sank.
Rajesh Exports: Analysts flag confidence crisis for LIC, FPIs, retail investors
Life Insurance Corporation of India (LIC) and foreign portfolio investors (FPIs) collectively hold a 25 per cent stake in Rajesh Exports, data shows.
Rajesh Exports under Sebi lens: ₹770 crore of LIC, retail investors' money at risk in this small-cap stock - Mint
Rajesh Exports under Sebi lens: ₹770 crore of LIC, retail investors' money at risk in this small-cap stockMint
Rajesh Exports shares fall 5% after SEBI order; LIC has nearly 11% stake, as does retail
Shares of Rajesh Exports had surged to an all-time high of ₹1,029 back in 2023. The stock has declined 90% from those levels as of Thursday's trading sessions.
IKEA sets up India development centre in push beyond sourcing
IKEA has launched a new product development center in India. This move positions India as a key hub for designing home furnishings for both local and international markets. The company aims to develop affordable products relevant to Indian consumers. This expansion signifies IKEA's commitment to India's full value chain, from retail to manufacturing and now product innovation.
Titan's big wager on the premiumisation boom now rests on watches priced above ₹25,000
Titan is significantly increasing its focus on premium watches. The company anticipates that timepieces priced above Rs 25,000 will soon account for nearly a quarter of its total revenue. This strategic shift is supported by the rapid growth of its premium retail formats, Helios and Helios Luxe.
NHPC offer plugs into green energy appeal, more suited for patient play
NHPC's offer for sale is underway. Analysts suggest it offers long-term potential for patient investors. The government is divesting up to 6% of its stake. The offer opened for non-retail investors with strong demand. The floor price is set at ₹71 per share. This move aligns with global energy security focus and domestic clean energy infrastructure investments.
Renault India May sales up 64% at 4,113 units
Renault India saw a significant jump in sales in May 2026. Domestic wholesales rose by 64.4 percent. This growth highlights Renault's commitment to the Indian market. The company continues to focus on customer-centric products. Renault was among the few passenger vehicle makers with positive retail sales growth in India that month.
Coinbase plans retail launch in India comeback, to deepen crypto exposure
The focus on India as a market comes as the company continues to see high adoption even as regulations around crypto are yet to take shape
Zara India Profit Falls 32% In FY26 As Trent Sharpens Focus On Broader Fashion Portfolio
While Zara reported lower revenue and profit in FY26, Trent's value-fashion chain Zudio continued to drive store expansion and overall retail growth.