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…
Mumbai, May 11 (IANS) Shares of jewellery companies witnessed sharp selling pressure on Monday after Prime Minister Narendra Modi urged citizens to defer non-essential gold purchases as part of broader austerity measures aimed at conserving foreign exchange reserves amid the ongoing West Asia crisis.Investors rushed to trim exposure to gold-linked counters amid fears that the Prime Minister’s appeal could weigh on jewellery demand in the coming months.Shares of Titan Company plunged as much as…