Rajesh Exports share price today: Stock tanks 5% to hit lower circuit as SEBI bans CMD for financial irregularities

In addition to the restrictions imposed on Mehta, Sebi instructed the company to ensure accurate and transparent disclosures. (AI image) Rajesh Exports share price today: Shares of jewellery exporter Rajesh Exports Ltd came under heavy selling pressure on Thursday, slipping 5% and hitting the lower circuit after the Securities and Exchange Board of India (Sebi) … Read more

Gold, silver price prediction: Will gold hit Rs 1.65 lakh/10 grams & silver rise to Rs 2.85 lakh per kg? Check outlook

MCX Gold is holding within a consolidation phase, maintaining its sideways to bullish bias on the weekly chart. (AI image) Gold and silver price prediction today: The base trendline for MCX Gold, and MCX Silver remains bullish according to Abhilash Koikkara, Head – Forex & Commodities, Nuvama Professional Clients Group. MCX Gold Price Outlook MCX … Read more

US-Iran war: India looks to attract foreign investment; capital gains tax on government securities may be scrapped

At present, foreign investors are required to pay a 12.5% long-term capital gains tax on listed equities and bonds held for more than a year. (AI image) In a bid to stem foreign capital outflow amid the Middle East crisis, the government is looking to do away with capital gains tax on foreign portfolio investors’ … Read more

Sebi bans Rajesh Exports’ CMD for fin irregularities

MUMBAI: Markets regulator Sebi on Wednesday banned Rajesh Mehta, CMD of Rajesh Exports from dealing in the shares of the company till further orders. In its interim order, Sebi also directed Rajesh Exports to cooperate with the regulator’s investigating officer and forensic auditors to look into the books of the company.Sebi’s initial investigations showed that … Read more

Interest in India strong despite volatility: Bank of America chief

MUMBAI: Interest in India remains undiminished despite near-term volatility, according to Vikram Sahu, India CEO and country executive at Bank of America.“Corporate interest remains strong and unchanged in its conviction,” Sahu said, adding that strategic investors continue to take a long-term view of India, drawn by its scale, growth prospects and governance framework.Investor sentiment is … Read more

BHEL secures order worth over Rs 2,000 crore from Nigerian firm

State-owned BHEL on Wednesday said the company has secured an order worth Rs 2,000-2,500 crore from a Nigerian entity. The contract agreement was signed with Nigeria’s Dangote Petroleum Refinery & Petrochemicals Free Zone Enterprise on June 2, according to a regulatory filing. The order pertains to design, manufacturing, supply and supervision of erection and commissioning … Read more

District economy data: Govt issues uniform framework for district GDP estimates with 2022-23 base year

The statistics ministry on Wednesday released a uniform framework for compiling district-level economic output estimates with the revised base year of 2022-23, a move aimed at improving consistency and comparability of economic data across states and Union Territories, PTI reported.The Ministry of Statistics and Programme Implementation (MoSPI) said the finalised Guideline for Compilation of District … Read more

Rupee slides 40 paise to 95.76 against dollar as tariff concerns, oil prices weigh on sentiment

The rupee weakened for a second straight session on Wednesday, falling 40 paise to close at 95.76 against the US dollar amid concerns over proposed US tariffs, rising crude oil prices, persistent foreign fund outflows and escalating geopolitical tensions, PTI reported.Forex traders said investor sentiment came under pressure after the Office of the United States … Read more

India’s 500 GW clean energy goal could create 44 lakh jobs, says study

New Delhi: India’s target of achieving 500 GW of non-fossil fuel capacity by 2030 could generate more than 44 lakh full-time equivalent (FTE) jobs, with rooftop solar emerging as the single largest employment generator, accounting for nearly 43% of the total, according to a new study.The findings are significant as rooftop solar gains momentum across … Read more