SEBI bars Rajesh Exports CMD Rajesh Mehta, alleges Rs 15.15 lakh crore revenue misrepresentation
Mumbai, June 3 (IANS) Market regulator SEBI on Wednesday passed an interim ex-parte order against Rajesh Exports Limited (REL) and its Chairman and Managing Director Rajesh Mehta, alleging large-scale financial misrepresentation, fund-routing irregularities and failures in corporate governance during an ongoing investigation.In its 109-page interim…
Read More...
Wipro flags AI risks, warns of legal, financial and reputational challenges
New Delhi, June 3 (IANS) IT services major Wipro has identified the rapid adoption of artificial intelligence (AI) as a key business risk, warning that flawed algorithms, bias, regulatory uncertainties and unintended outcomes from AI…
1 pc shift to ethanol-powered vehicles can save India nearly Rs 195 crore in forex: Hardeep Puri
New Delhi, June 3 (IANS) A one per cent shift in India's annual petrol vehicle sales to ethanol-powered vehicles could help the country save nearly Rs 195 crore in foreign exchange during an ethanol supply year, Petroleum and Natural Gas…
Punjab caps annual school fee hike at 5 per cent
Chandigarh, June 3 (IANS) In a step aimed at ending arbitrary fee hikes by private schools, the Punjab government on Wednesday announced a regulatory framework that caps annual fee increases at five per cent, mandates refunds of excess fees…
Rajasthan: GST fraud of over Rs 50 crore uncovered, one arrested
Jaipur, June 3 (IANS) In a major enforcement action against tax evasion, the Enforcement Branch-II of the Commercial Taxes Department has arrested an accused in a GST evasion case involving more than Rs 50 crore.The accused, Mahesh Chand…
CEPA with Oman comes as big boost for India’s textile sector
New Delhi, June 3 (IANS) The India–Oman Comprehensive Economic Partnership Agreement (CEPA), which came into force this week, provides significant market access opportunities for India’s textiles and apparel sector to expand exports in a…
Rajasthan CM calls for tougher anti-narcotics drive, stronger border surveillance
Jaipur, June 3 (IANS) Rajasthan Chief Minister Bhajan Lal Sharma has directed officials to intensify the state's campaign against drug trafficking by dismantling organised narcotics networks, targeting the illegal assets of drug mafias and…
Tripura targets grape revolution with first sweet cultivation
Agartala, June 3 (IANS) Agriculture and Farmers’ Welfare Minister Ratan Lal Nath on Wednesday said that the Tripura government would take a series of initiatives to promote grape cultivation in the state, including conducting trials on 18…
Bihar Cabinet clears 13 proposals; medical aid limit now Rs 4 lakh
Patna, June 3 (IANS) The Bihar Cabinet, chaired by Chief Minister Samrat Chaudhary, approved 13 agenda items during a meeting held at the Main Secretariat on Wednesday.
The meeting, convened after a one-week gap, focused on healthcare,…
Gujarat: Telecom analysis, checkpoints and intelligence-led Operation Delta Hunt
Gandhinagar, June 3 (IANS) A combination of telecom analysis, technical surveillance, human intelligence, and a statewide network of checkpoints enabled Gujarat Police to launch 'Operation Delta Hunt', an operation that has so far led to…