Rajesh Exports prima facie misrepresented about $159 bn—equaling 99.8% of its revenues from subsidiaries over five fiscal years through March 2025—SEBI said in its order.
Bloomberg Economics had reported that the central bank likely sold gold reserves worth about $12 bn in the two weeks through May 22, while buying $7.5 bn of foreign-currency assets.
In ep 1838 of Cut the Clutter Shekhar Gupta explains economic concerns behind PM Modi’s appeal to cut gold purchases, fuel use, foreign travel and fertiliser consumption.
The hikes, aiming to dampen demand in the world’s second-largest bullion market, follow a rare weekend appeal from PM Modi. Gold is the country’s largest import item after crude oil.
Visits by newly elected leaders in neighbouring countries to New Delhi are seen as a reiteration of a stable regional future. This seems to be changing now.
In interview to ThePrint, Rolls-Royce top official Sashi Mukundan took a dig at rival Safran, saying there are just 3 genuine engine manufacturers, with two in US, the 3rd being them.
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