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Rajesh Exports cites 'communication gap' with Sebi, says revenues correct

Rajesh Exports cites 'communication gap' with Sebi, says revenues correct

Rajesh Exports Ltd (REL) on Thursday claimed there appeared to be a "communication gap and confusion" between the company and the Securities and Exchange Board of India (Sebi), a day after the market regulator issued an interim order alleging possible misrepresentation of revenues and fund diversion involving the company and its promoter.

India to roll out 9 FTAs in next 10 months, negotiate up to 4 more: Goyal

India to roll out 9 FTAs in next 10 months, negotiate up to 4 more: Goyal

India expects the nine free trade agreements (FTAs) signed over the last three years to become operational within 10 months, with plans to execute another three to four significant pacts over the next year, Commerce and Industry Minister Piyush Goyal said on Thursday.

His statement underscores the government’s intent to make the country a manufacturing and investment hub and deepen integration with global markets.

PM Modi meets Venezuela's acting president Delcy Rodriguez, reviews ties

PM Modi meets Venezuela's acting president Delcy Rodriguez, reviews ties

Prime Minister Narendra Modi on Thursday held talks with Venezuelan Vice President Delcy Rodriguez focusing on boosting bilateral ties in areas of energy, trade and investment.

The two sides are looking at expanding energy cooperation, as New Delhi seeks to diversify its crude oil procurement amid supply disruptions from the West Asia crisis.

India's money-market turnover hits record as banks ramp up borrowing

India's money-market turnover hits record as banks ramp up borrowing

India’s money-market turnover jumped to a record as state-owned lenders stepped up borrowing to fund booming credit demand.

The value of trades in the so-called tri-party repurchase segment, which accounts for about 70 per cent of the nation’s money markets, rose to an all-time high of ₹5.5 trillion ($57.8 billion) on May 13 and has stayed elevated since, according to Bloomberg-compiled data.

Global companies exploit India's IPO boom to take profits back home

Global companies exploit India's IPO boom to take profits back home

India's red-hot initial public offering market may look irresistible as foreign firms line up for listings, but the rush is not about raising funds to expand in a fast-growing market; it's about sending billions of dollars back to headquarters.

Just one of six foreign-based companies that listed their Indian units in Mumbai since 2024 raised new funds.

Govt examining incentives to accelerate flex-fuel vehicle adoption: Puri

Govt examining incentives to accelerate flex-fuel vehicle adoption: Puri

Union Petroleum and Natural Gas Minister Hardeep Singh Puri has emphasised that the government is "actively examining supportive policy frameworks to accelerate affordable adoption", including fuel price support and targeted fiscal incentives.

Speaking at the Launch of Hero MotoCorp's First Flex-Fuel Motorcycle in the national capital on Wednesday.

Monsoon nears Kerala; thunderstorms, heavy rain to continue across India

Monsoon nears Kerala; thunderstorms, heavy rain to continue across India

As conditions turn favourable for the southwest monsoon to enter Kerala, large parts of India are set to witness thunderstorms, lightning, gusty winds and rainfall on Wednesday, with the India Meteorological Department (IMD) forecasting active weather across north, central, eastern and southern regions.

The weather office has predicted widespread rainfall activity over Kerala, Karnataka, Tamil Nadu and parts of the Northeast.

Engaged with US on Section 301 probe over forced labour concerns: Govt

Engaged with US on Section 301 probe over forced labour concerns: Govt

India is engaged with the US on the Section 301 investigations over concerns related to forced labour and excess industrial capacity, the government said on Wednesday.

The country is also "parallelly" engaged with the US for finalisation of an interim trade agreement, a framework for which was announced through a joint statement on February 7.

India gets access to Anthropic's powerful AI cyber security model Mythos

India gets access to Anthropic's powerful AI cyber security model Mythos

Artificial intelligence (AI) company Anthropic will provide access to its Mythos AI model to 150 organisations across more than 15 countries, significantly widening the availability of its advanced cyber security software beyond the United States and the United Kingdom.

Mythos is an AI model designed to identify cyber security vulnerabilities.

Tata Motors planning to license China's Chery for premium EV push

Tata Motors planning to license China's Chery for premium EV push

Tata Motors plans to license an automaking platform from China's Chery, four people familiar with the matter told Reuters, as the Indian car company seeks to get its delayed premium EVs back on track.

Tata told Reuters in a statement it will leverage the Freelander platform produced in a joint venture between Chery and Jaguar Land Rover in China.

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