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Stocks in news: Rajesh Exports, Lenskart, Suzlon Energy, Aurobindo Pharma, Tata Motors
Indian markets saw volatility and closed lower on Wednesday. Key companies are in focus due to significant developments. SoftBank reduced its stake in Lenskart. Sebi issued an interim order against Rajesh Exports. Tata Motors revised its Avinya EV strategy. Suzlon Energy is diversifying into battery storage. RIL's subsidiary signed MoUs with the Haryana Government.
Sebi bars Chairman Mehta from trading in Rajesh Exports shares
Securities and Exchange Board of India has barred Rajesh Mehta, chairman of Rajesh Exports, from trading company shares. A forensic probe uncovered alleged revenue inflation and fund diversion over four years. The regulator found the company presented a misleading financial picture. Sebi has ordered a fresh audit and referred auditors' conduct for action.
Stocks to Watch Today: BHEL, Agarwal Industrial, JBM Auto, Rajesh Exports, Indian Energy Exchange,... - Moneycontrol.com
Stocks to Watch Today: BHEL, Agarwal Industrial, JBM Auto, Rajesh Exports, Indian Energy Exchange,...Moneycontrol.com
Sebi bars Rajesh Exports, flags ₹15.15 trn revenue inflation scam
The Securities and Exchange Board of India (SEBI) has barred the company and its owner from the securities markets till it completes its investigation
India markets regulator finds $158 billion of misrepresented numbers at Rajesh Exports - Reuters
India markets regulator finds $158 billion of misrepresented numbers at Rajesh ExportsReuters
SEBI bars Rajesh Exports promoter from securities market, alleges ₹15 lakh crore revenue gap
SEBI has directed the company to fully cooperate with investigators after alleging repeated inconsistencies and gaps in information submitted to the regulator. Rajesh Exports Ltd is India's largest exporter of gold products.
Sebi flags ₹15 trillion misstatement in Rajesh Exports accounts
Sebi has alleged that ₹15.15 trillion in subsidiary revenue was misrepresented, and flagged gaps in disclosures and inconsistencies in filings. It has also barred promoter Rajesh Mehta from trading in the shares of Rajesh Exports until further orders.
India regulator alleges Rajesh Exports inflated revenue by $158bn - Investing.com
India regulator alleges Rajesh Exports inflated revenue by $158bnInvesting.com
India regulator alleges Rajesh Exports inflated revenue by $158bn - Investing.com Nigeria
India regulator alleges Rajesh Exports inflated revenue by $158bnInvesting.com Nigeria
India regulator alleges Rajesh Exports inflated revenue by $158bn - Investing.com India
India regulator alleges Rajesh Exports inflated revenue by $158bnInvesting.com India
Rajesh Exports: Sebi finds 97-99% revenue inflation, bars promoter from trading
Rajesh Exports and promoter Rajesh Mehta face regulatory action after Sebi alleged large-scale financial misrepresentation and possible revenue inflation of 97-99%. The regulator has barred Mehta from trading in company securities and ordered a fresh forensic audit.
Canara Bank invites bids for Rs 509 crore loan of Rajesh Exports
Canara Bank is selling a ₹509.37 crore loan given to Rajesh Exports. The bank is looking for buyers for this distressed debt. This move comes as the bank awaits a decision on its bankruptcy plea against the jewellery firm. Rajesh Exports is a major gold jewellery producer. The bank aims to recover its dues through this sale.