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The Latest Breaking News from SEBI

Oyo parent Prism Hotels receives Sebi nod for IPO

Prism Hotels, Oyo’s parent, received Sebi approval for a Rs 6,650 crore IPO. Targeting a $7–8 billion valuation, the firm will use funds for expansion and strengthening its balance sheet to support its ongoing push toward company profitability.

The Economic Times

An Indian gold firm allegedly inflated revenue by $159 billion using its Swiss unit

Indian investigators allege Rajesh Exports overstated its Swiss unit Valcambi's revenue by a staggering $159 billion. SEBI's preliminary findings also point to missing documentation for African mine investments and fictitious trades. The company denies wrongdoing, calling the revenue interpretation misplaced. Shares fell following the probe's announcement.

The Economic Times

Rajesh Exports denies wrongdoing, says SEBI order stems from 'confusion' over Valcambi revenues

Rajesh Exports has responded to SEBI's interim order, denying allegations of revenue misrepresentation. The company states its reported revenues are accurate and genuine. It attributes the alleged discrepancy to SEBI's confusion between EBITDA and revenue for its Swiss subsidiary, Valcambi SA. Rajesh Exports is providing documentation to address SEBI's concerns…

The Economic Times

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India makes big moves to attract foreign investments in bonds: How will this impact stock market?

India has unveiled significant measures to attract foreign investment, including tax exemptions on government securities and increased investment limits for overseas investors in equities. These moves aim to bolster market liquidity and stabilize the rupee amidst global volatility. However, the RBI's cautious stance on inflation suggests potential headwinds for rate-sensitive…

The Economic Times

Explained: Inside Sebi's Rs 15.15 lakh crore revenue inflation allegations against Rajesh Exports

Rajesh Exports has come under intense scrutiny after Sebi accused the company and its promoter of inflating revenues, misclassifying personal transactions as corporate sales and diverting company funds. The regulator's interim findings have raised serious governance concerns, though the company has strongly denied the allegations and defended its financial reporting.

The Economic Times

Increase in limits for NRI and OCI investors to invest in stock market without SEBI registration, RBI Guv

The Reserve Bank of India has boosted investment limits for non-resident Indians, Overseas Citizens of India, and other individuals residing abroad. This move allows them to invest more in the Indian stock market without requiring SEBI registration. The enhanced limits offer greater flexibility for foreign investors looking to participate in…

The Economic Times

Rajesh Exports shares hit 5% lower circuit for 2nd day; firm cites 'communication gap' after Sebi order

Rajesh Exports shares tumbled for a second consecutive session on Friday, taking the two-day decline to about 10%, after Sebi's interim order alleged large-scale financial irregularities. The regulator said its investigation and forensic review found prima facie evidence that 97-99% of the company's reported revenue may have been inflated.

The Economic Times

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ICICI Bank shares in focus after lender receives Sebi’s warning letter. Here's why

ICICI Bank shares are under scrutiny after Sebi issued a warning for a custodian violation related to FPI fund repatriation. Despite this, the bank stated no material impact on its financials. Meanwhile, Motilal Oswal maintains a 'Buy' rating, citing strong growth prospects and a target price of Rs 1,750.

The Economic Times

Forensic experts call for AI-driven playbook to counter deepfakes and digital scams

Financial crime is evolving rapidly with AI-generated deepfakes and complex fraud rings. Traditional methods are no longer sufficient. Experts at a FICCI conference stressed the need for advanced forensic technology and real-time intelligence sharing. Stronger governance and digital trust are crucial to protect investors and businesses. Collaboration between regulators, private…

The Economic Times

Kuku FM readies public market debut; SoftBank books Lenskart gains

Kuku FM's parent has taken the first step towards a stock market listing. This and more in today's ETtech Top 5.

The Economic Times

Congress questions LIC's 10.8% stake in SEBI-probed Rajesh Exports

SEBI has barred Rajesh Exports promoter and CEO Rajesh Mehta from trading securities. The regulator alleges a gigantic scam involving misrepresentation of revenues and fund diversion. LIC holds a significant stake in Rajesh Exports, raising questions about its acquisition. Investigations are ongoing, and a new forensic auditor will be appointed.

The Economic Times

Who is Rajesh Mehta, man behind Rajesh Exports, facing SEBI ban over alleged Rs 15.15 lakh crore 'fraud' impacting LIC, others?

Market regulator SEBI has taken action against Rajesh Exports and its Chairman Rajesh Mehta. The company faces allegations of significant financial misstatements and fund diversion. SEBI's order points to a pattern of non-genuine transactions and questionable accounting. This action raises serious concerns about the company's financial reporting and corporate governance…

The Economic Times

Rajesh Exports dismisses SEBI allegations, says declared revenues are correct

Rajesh Exports Limited has denied allegations of revenue inflation made by SEBI. The company stated that the regulator's order is interim and its declared revenues are accurate. Rajesh Exports believes there is a communication gap and is providing all necessary documents to SEBI for clarification. SEBI's investigation uncovered evidence suggesting…

The Economic Times

Indian corporations poised to become large brand owners in US: Oyo founder Ritesh Agarwal

Indian companies are poised to become significant brand owners in the United States. This shift will enhance India's global influence beyond Bollywood and IT. Technology is a key driver for this expansion. Ritesh Agarwal, founder of Oyo-parent firm PRISM, believes India's moment has arrived. Indian brands will soon be used…

The Economic Times

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The Economic Times

LIC shares slip after Sebi's crackdown on Rajesh Exports. What's the connection?

Regulator Sebi has issued an interim order against Rajesh Exports and its promoter, Rajesh Mehta. The company faces allegations of significant financial irregularities and non-cooperation. Sebi's findings suggest a large portion of reported revenue may have been inflated. This development has led to a decline in Rajesh Exports' shares and…

The Economic Times

Kuku FM's parent confidentially files for Rs 3,500 crore IPO

Audio and video platform Kuku has confidentially filed draft papers with Sebi for a Rs 3,500 crore IPO. The company aims for a Rs 15,000 crore valuation. Kuku expects a sevenfold revenue jump to Rs 1,400 crore in fiscal 2026. This move signals significant growth aspirations for the digital content…

The Economic Times

Rajesh Exports shares hit 5% lower circuit after Sebi says 97-99% revenue inflation. Check key details

Sebi has issued an interim order against Rajesh Exports and promoter Rajesh Mehta, alleging extensive financial irregularities and possible revenue overstatement. The regulator found prima facie evidence that 97-99% of the company's reported revenue may have been inflated, barring Mehta from dealing in securities pending further investigation.

The Economic Times

Stocks in news: Rajesh Exports, Lenskart, Suzlon Energy, Aurobindo Pharma, Tata Motors

Indian markets saw volatility and closed lower on Wednesday. Key companies are in focus due to significant developments. SoftBank reduced its stake in Lenskart. Sebi issued an interim order against Rajesh Exports. Tata Motors revised its Avinya EV strategy. Suzlon Energy is diversifying into battery storage. RIL's subsidiary signed MoUs…

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The Economic Times

Rajesh Exports: Sebi finds 97-99% revenue inflation, bars promoter from trading

Rajesh Exports and promoter Rajesh Mehta face regulatory action after Sebi alleged large-scale financial misrepresentation and possible revenue inflation of 97-99%. The regulator has barred Mehta from trading in company securities and ordered a fresh forensic audit.

The Economic Times

India tightens checks on overseas flows as currency pressure mounts, sources say

India's central bank and markets regulator are intensifying scrutiny on overseas investments by firms and family offices, issuing multiple queries to detect potential misuse of investment routes. This move comes amid pressure on the rupee from rising oil prices and foreign outflows, prompting a focus on capital outflow pace and…

The Economic Times

Best large cap mutual funds to invest in June 2026

Amidst market volatility, advisors recommend large cap mutual funds for conservative investors seeking safer equity investments. These funds, mandated to invest in top 100 companies, offer inflation-beating returns with lower risk. While some schemes have faced recent underperformance, long-term potential remains, with specific funds highlighted for June 2026.

The Economic Times

Oyo readies market debut; IT's comeback rally

Oyo's IPO plans are back on track after securing the regulator's nod. This and more in today's ETtech Top 5.

The Economic Times

Oyo parent Prism gets Sebi nod for IPO; plans to raise Rs 6,650 crore: Sources

Hospitality firm Oyo's parent company, Prism, has received SEBI's approval for its IPO, aiming to raise Rs 6,650 crore. The company plans to file an updated draft prospectus within two months, marking its third attempt to go public. This comes as other new-age companies reassess their IPO plans due to…

The Economic Times

Oyo-parent Prism secures Sebi's nod to launch Rs 6,650-crore IPO

Oyo's parent company, Prism, has received approval from Sebi to proceed with its Rs 6,650 crore IPO. The company is expected to be valued between USD 7-8 billion. Prism plans to file its public Updated Draft Red Herring Prospectus by early July, while assessing market conditions for its listing.

The Economic Times

Sebi mulls allowing InvITs to add major road expenses back into NDCF calculation

The proposal came after the Securities and Exchange Board of India (Sebi) received representation from the Bharat InvITs Association (BIA) regarding the treatment of debt availed by InvITs for incurring major maintenance expenses of road projects while calculating the NDCF.

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