
Related Stories
Bank of America Hires Anshul Gupta to Lead India Investment Banking
Bank of America is strengthening its India operations by hiring Anshul Gupta from Avendus Capital to lead its investment banking division. This move signals a renewed focus on India's booming financial market amidst intense global competition.
Sebi Bans Rajesh Mehta from Trading in Rajesh Exports Securities
Sebi has banned Rajesh Mehta, promoter and CEO of Rajesh Exports, from trading the company's securities due to alleged financial irregularities and fund diversion. The regulator cited misstatements in financial accounts and lack of cooperation from the company and its auditors.
SAS Inaugural India Flight Returns Mid-Air Over Regulatory Delay
SAS's inaugural Copenhagen-Mumbai flight returned to Denmark mid-air due to a pending regulatory approval, delaying its much-anticipated return to India after a 17-year hiatus. The airline expects to resolve the issue and commence services within days.
Gold Prices Dip Slightly Amidst Israel-Lebanon Ceasefire News
Gold prices experienced a minor decrease on June 4, 2026, following reports of a ceasefire agreement between Israel and Lebanon. This development, announced by the Donald Trump administration, has sparked optimism for broader diplomatic progress, potentially influencing the Iran dispute. Major jewelers noted slight price drops for 22k gold.
SEBI Restrains Rajesh Exports, Chairman Mehta Over Financial Misstatements
India's market regulator SEBI has issued an interim order against Rajesh Exports Ltd and its Chairman Rajesh Mehta, alleging large-scale financial misstatements, fund diversion, and serious lapses in corporate governance. SEBI noted a pattern of non-genuine transactions and questionable accounting, with revenues allegedly inflated by 97-99%. Mehta is restrained from dealing in REL securities.
India's RBI Faces New Inflation Challenge Amidst Rising Oil Prices and Monsoon Concerns
India's central bank, the RBI, is confronting a new inflation challenge due to rising oil prices from the West Asia conflict and supply disruptions. Concerns also arise from a weaker monsoon forecast impacting food prices. Policymakers are considering a potential rate hike to manage inflation expectations.
