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Accounting fraud, fake revenue and more: Who is Rajesh Mehta and why is his company Rajesh Exports under the scanner of SEBI

While Rajesh Exports came under SEBI scanner in 2024, many analysts and investors have been voicing suspicions about the extraordinarily high revenues, cash balances, and subsidiary opacity. Some even compared the story of Rajesh Exports to the Geetanjali Gems collapse, a major jewellery export scam.

Elon Musk halts new ‘local priority’ revenue sharing model on X after creators raised concerns that it will penalise English content from outside the...

In a swift reversal, social media platform X has halted a planned update to its creator revenue-sharing program after widespread backlash from international creators....

US turning socialist: After taking stake in Intel and share of chip sales to China, Trump admin to take up to 50% share of...

US govt proposes to force universities to pay upto 50% of their patent income to the federal govt, particularly for those patents those developed with federal funding.

Pakistan suffers over Rs 1,240 crore loss after airspace ban on Indian flights following Indus Waters Treaty suspension

Pakistan’s defence ministry admitted the economic hit but cited sovereignty and strategic considerations, as the airspace ban, in place since April, has been extended twice and will remain until the last week of August.

Union cabinet approves structural reforms in telecom sector: AGR definition rationalised by excluding non-telecom revenues, 4-year moratorium on dues

Apart from telecom companies, the AGR definition rationalisation will those PSUs who have captive telecom networks for internal use

Twitter reports $1.14 billion loss in 2020, sees recovery in the fourth quarter

Although Twitter registered an operating income of $27 million, it showed a net loss due to interest and tax liabilities

ED crackdown on Shiv Sena leader Pratap Sarnaik over NSEL scam, takes possession of 112 properties

The ED had earlier attached the plots. However, Sarnaik had allegedly sold the properties as the attachment details did not show in the records of Revenue Department.

HW News Network: The digital news outfit facing I-T probe with expenses eleven times the revenue and mysterious source of fund

While the revenue of Theo Connect that owns the HW News was just Rs 54 lakh in the year 2018-19, its expenses were Rs 3.23 crores

Indore: Raids on Paan Masala businesses owned by alleged Pakistani nationals for tax fraud, Sanjay Mata sent to judicial custody

The DGGI arrested Sanjay Mata Under the GST Act and produced him in the court of special judge from where he was sent to judicial remand till 17 June.

US government to sue tech-giant Google for monopolising online ads

The Justice Department and a group of state attorneys general are likely to file antitrust lawsuits against Alphabet-owned Google

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