Congress Questions LIC Stake in Rajesh Exports Under SEBI Lens
Congress leader Jairam Ramesh questioned LIC's 10.8% stake in Rajesh Exports, which is under SEBI investigation for an alleged 'gigantic scam', hinting at ruling ecosystem instructions.
Category : Corporate News
Pune IT Firm Shuts Down, Over 700 Left Jobless
Over 700 employees and interns of Thynk Tech India OPC Pvt Ltd in Pune lost their jobs after the company abruptly ceased operations. CEO Harshal Thakare was arrested for alleged cheating and breach of trust.
Bigbasket Elevates Seshu Kumar Tirumala to COO
Bigbasket elevates Seshu Kumar Tirumala to Chief Operating Officer. He has been with the company since 2014, previously serving as Chief Buying and Merchandising Officer.
SEBI Bans Rajesh Exports Over Rs 15 Lakh Crore Scam
SEBI has banned Rajesh Exports and its owner from securities markets after finding revenue inflation of Rs 15.15 lakh crore via foreign subsidiaries. Investigations continue.
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Air India, Riyadh Air Pact to Boost India-Saudi Ties
Air India and Riyadh Air have signed a pact to enhance connectivity between India and Saudi Arabia, tapping into the fast-growing India-Gulf aviation corridor driven by business, tourism, and diaspora traffic.
UMC Launches e-HRMS for Better Governance
Ulhasnagar Municipal Corporation introduces e-HRMS with facial recognition attendance, online leave management, digitized pension processing, and digital seniority lists to enhance transparency and efficiency.
Ludhiana Subdivisional Office Employee Held for Bribe
Vigilance Bureau caught Sarbjit Singh Bittu, a Raikot subdivisional office employee, accepting Rs 5,000 bribe for illegal plot registration in Ludhiana.
SEBI Bars Rajesh Exports Promoter Over Revenue Misrepresentation
SEBI barred Rajesh Exports promoter from securities market for misrepresenting Rs 15 lakh crore revenue. Non-cooperation by statutory auditors also flagged.
Houssed.com Hosts Broker Networking Event in Bangalore
Houssed.com organized a broker networking event in Bangalore to foster collaboration and accelerate innovation in the real estate sector, focusing on technology and market trends.
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ED summons Abhishek Banerjee in teachers' recruitment case
The Enforcement Directorate summoned TMC leader Abhishek Banerjee for June 15 in a teachers' recruitment scam probe, hours after he sought protection from CID in a signatures forgery case.
Real Estate Stock in Focus as Company Approves Rs 1,000 Crore Fundraise
A real estate company's stock is in focus after its board approved a Rs 1,000 crore fundraise. The move aims to fuel expansion and reduce debt, boosting investor sentiment.
Wipro CEO Srinivas Pallia's FY26 Pay Drops 7% to Rs 49.6 Crore
Wipro CEO Srinivas Pallia earned Rs 49.6 crore in FY26, a 7% decline from Rs 53.4 crore in FY25. His compensation includes salary, commission, and benefits.
Rs 10,000 crore fund to cap jet fuel prices, aid airlines
The Indian government has set aside Rs 10,000 crore to cap aviation turbine fuel prices, providing interest-free advances to oil marketing companies to shield airlines from sharp price surges and ensure affordable air travel.
Bank of America CEO: India Interest Strong Despite Volatility
Bank of America's India CEO Vikram Sahu says corporate interest in India remains strong despite near-term volatility, with strategic investors taking a long-term view and foreign investment expected to follow as conditions improve.
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RBI Rejects Bids for 182-Day, 364-Day T-Bills, Signals Discomfort
The RBI rejected bids for 182-day and 364-day treasury bills at auction, accepting only 91-day bills at 5.56% yield, signaling discomfort with rising short-term yields ahead of the MPC decision.
Ludhiana Travel Agent Gets ₹5 Crore Extortion Call from UK Gang
A Ludhiana travel agent became the latest target of the UK-based Ghanshampuria gang, receiving a ₹5 crore extortion demand via WhatsApp. Police have registered an FIR against Manpreet Singh alias Mann Ghanshampuria.
Rajkot Seals Gold Unit Over Unauthorized Construction
Rajkot Municipal Corporation sealed a gold processing unit after a fire revealed unauthorized construction and access issues for firefighters in Soni Bazaar.
Andhra Pradesh Spends Rs 861 Crore on Road Repairs in 9 Months
Andhra Pradesh government spent over Rs 861 crore repairing 20,060 km roads in nine months. Advanced technologies like AI inspections and Eco-Fix pothole repair adopted.
Cabinet Approves 144 Km Khagaria-Purnia Highway
The Union Cabinet approved a 144 km Khagaria-Purnia highway project in Bihar, costing Rs 4,500 crore, benefiting several districts.
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Upper Krishna Project Phase III Land Acquisition Hurdles
The Upper Krishna Project Phase III in Karnataka faces slow land acquisition and compensation disbursal, with only 2,543 acres compensated out of 75,563 acres, requiring Rs 80,000 crore.
FWICE Hits Back at Ram Gopal Varma Over Ranveer Singh Ban
FWICE responds to Ram Gopal Varma's criticism of their non-cooperation directive against Ranveer Singh, reminding him of over Rs 1.25 crore in pending dues since 2017.
Palo Alto Networks CEO pay rejected most times in S&P 500
Palo Alto Networks shareholders have voted against CEO pay seven times since 2015, the most in S&P 500. Despite strong stock gains, investors cite misalignment.
India's Economy Resilient Amid Global Uncertainty: RBI Deputy Governor
RBI Deputy Governor Swaminathan J emphasized India's economic resilience despite geopolitical tensions and supply-chain disruptions, supported by strong industrial and services activity.
Steve Young: NFL Legend to $200M Private Equity Tycoon
Former NFL quarterback Steve Young built a $200 million fortune after retiring, co-founding private equity firm HGGC which now manages over $10 billion in assets.
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India's LPG Sales Drop 19% in May, Petrol Demand Rises
India's LPG sales fell 19% in May 2025 year-on-year due to supply disruptions and government demand management, while petrol and diesel consumption grew marginally.
Palghar Shifts Vadhvan Port Comp Accounts to Union Bank
Palghar district administration has transferred all Vadhvan port compensation accounts to Union Bank of India to enhance transparency and curb misinformation regarding land acquisition payments.
Apple to Submit India Financial Data to CCI in Antitrust Case
Apple has agreed to provide local financial data to the CCI after a probe found it abused market position via the App Store. The move clears a hurdle, bringing Apple closer to a potential penalty in India.
Delhi Police Arrests Six in Self-Staged Robbery of Rs 54.5 Lakh
Delhi Police arrested six people for staging a robbery of Rs 54.5 lakh, recovering Rs 50 lakh after a six-day multi-state operation spanning Delhi, Rajasthan, and Uttarakhand.
Delhi Police Solves Rs 54.5 Lakh Staged Robbery in 6 Days
Delhi police cracked a Rs 54.5 lakh robbery case in 6 days, spanning 3 states. The crime was self-staged by an employee. Six arrested, Rs 50 lakh recovered.
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Gita Gopinath: India must boost ease of doing business, AI
Former IMF Chief Economist Gita Gopinath says India should focus on ease of doing business and AI to attract capital and ease rupee pressure amid West Asia risks.
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