New Delhi, June 4 (IANS) Rajesh Exports Chairman and Managing Director Rajesh Mehta has rejected the findings of the Securities and Exchange Board of India (SEBI)’s interim order against the company, saying the conclusions were inaccurate and that a detailed response would be issued shortly, according to a report.Speaking to NDTV Profit, Mehta described SEBI’s observations as preliminary and disputed the regulator’s findings.“It is an interim order, findings are not accurate,” Mehta said…
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Mumbai, June 4 (IANS) Shares of Rajesh Exports plunged 5 per cent and hit the lower circuit on Thursday after the Securities and Exchange Board of India (SEBI) issued an interim order against the company and its promoter Rajesh Mehta, alleging extensive financial irregularities, lack of cooperation during the investigation and possible overstatement of revenues.The stock touched a lower circuit at Rs 104.65 — a decline of 4.99 per cent from the previous close — on the BSE after SEBI flagged pr…
New Delhi, June 3 (IANS) Shares of private lender IndusInd Bank fell 3 per cent on Wednesday after reports emerged of a fresh whistleblower complaint seeking an investigation into alleged insider trading, governance lapses and audit shortcomings at the bank.The stock declined as much as 3.01 per cent to hit an intraday low of Rs 884.75 apiece on the BSE as of 2:30 pm. At the last count, the banking stock was trading at Rs 895.80, down about 2 per cent.The selling pressure followed reports sugges…
New Delhi, June 3 (IANS) India’s three leading IT services providers — Infosys, TCS and Wipro — have collectively expanded deployment of ‘365 Copilot’ to more than 3 lakh employees within six months, marking one of the world’s largest enterprise artificial intelligence (AI) rollouts, Microsoft said on Wednesday.The US-based technology giant said each of the IT majors has now scaled Microsoft 365 Copilot deployments beyond 100,000 employees, expanding from around 50,000-seat deployments ann…
Mumbai, June 1 (IANS) Strong buying by domestic institutional investors (DIIs) helped cushion the market decline on Monday even as foreign institutional investors (FIIs) continued to remain net sellers in Indian equities.According to exchange data, FIIs/FPIs net sold shares worth Rs 3,912 crore during the session, while DIIs net purchased equities worth Rs 5,109 crore.The continued support from domestic investors came after FIIs recorded massive selling of Rs 21,106 crore on May 29, marking thei…
Mumbai, June 1 (IANS) Leading automobile companies continued to report healthy sales momentum in May, with Hyundai Motor India Ltd (HMIL) and Mahindra & Mahindra (M&M) posting growth in domestic sales amid sustained demand, according to data released on Monday.HMIL reported domestic sales of 47,837 units in May, a 9.1 per cent year-on-year growth. Including exports of 13,300 units, the company’s total sales stood at 61,137 units, a 4.1 per cent growth compared to the same period last y…
New Delhi, May 30 (IANS) The Goods and Services Tax (GST) Department has issued a tax demand of Rs 124.65 crore to low-cost carrier SpiceJet for allegedly failing to file GST returns for several months, while the airline also faces proceedings for cancellation of its GST registration.According to officials, the department has issued a show-cause notice proposing cancellation of SpiceJet’s GST registration over repeated delays and alleged non-compliance in filing statutory returns.The tax deman…
Mumbai, May 29 (IANS) InterGlobe Aviation, the parent company of IndiGo, on Friday reported a consolidated net loss of Rs 2,537 crore for the March quarter (Q4) of FY26, compared with a net profit of Rs 3,067.5 crore in the corresponding period last financial year.The airline’s revenue from operations, however, rose marginally by 1 per cent year-on-year to Rs 22,438 crore during the quarter, up from Rs 22,152 crore in the same period a year ago (Q4 FY25), according to its stock exchange filing…
Mumbai, May 28 (IANS) Defence public sector undertaking Bharat Dynamics Limited on Thursday reported a 59.5 per cent decline in earnings for the fourth quarter of fiscal 2026 (Q4 FY26).The company posted a profit of Rs 113 crore for the quarter ended March 31, compared to Rs 273 crore reported in the corresponding quarter of the previous financial year (Q4 FY25), according to its stock exchange filing.Revenue from operations also witnessed a steep fall of 73 per cent year-on-year to Rs 480 crore…
New Delhi, May 28 (IANS) The British government is expected to oppose any attempt by Bharti Enterprises Chairman Sunil Bharti Mittal to increase his stake in telecom group BT, citing concerns around maintaining sovereign control over critical national infrastructure, a report has said.A report published in the Financial Times said — citing people familiar with the matter — that the UK government would resist any move by Bharti to expand its ownership in the British telecom operator beyond curr…