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#EditorsPicks | 📊 From the Moneycontrol Advance Business Index and the economy to PM Modi's milestone and the uptick in government bonds—key developments are in focus!
@nalinmehta breaks down the biggest stories shaping business, markets and policy in this edition of Editor's Picks. 📰
🧵Follow this thread for the full scoop! 👇
#PrimeMinister #NarendraModi #Markets #Shares
#MCOpinion | Why Modi’s 'age of Bharat' is trumping Nehru’s 'idea of India'
Modi may be the mirror opposite of most things Nehru stood for, but in terms of impact, the tectonic shifts he has heralded in the wellsprings of the nation are Nehruvian in scale.
His lasting social, political and civilisational imprint may be even more consequential and long-lasting.
@nalinmehta writes 🖊️
https://t.co/6Spa0AMwEF
On why Modi’s 'age of Bharat' is trumping Nehru’s 'idea of India'. My take below on how Modi’s power play is an inverted mirror image of Nehru’s politics seventy years earlier, on the deep political, social and cultural impact of ‘NaMo’s Bharat’ which has irrevocably reconfigured India’s polity and why the Prime Minister’s redrawing of the boundaries and colours of India’s palimpsest may far outlive our current politics 👇
@moneycontrolcom
https://t.co/bradAMNbbL
#EditorsPicks | Mehli Mistry challenges ouster from Tata Trust, TCS’s AI future and Zepto’s IPO revelations — Editor’s Picks from Moneycontrol
@nalinmehta breaks down the governance battle brewing at Tata Trusts, why TCS Chairman N. Chandrasekaran sees AI as the industry's biggest opportunity rather than a threat, and the key risks and opportunities investors should watch in Zepto’s much-awaited IPO. 📊🚀
🧵Follow this thread for the full scoop! 👇
#MCExclusive | 🚨 India must accelerate reforms for investments, not create obstacles: Niti Aayog Vice Chairman
Boosting consumption expenditure is not a good idea at this stage, except for specific sectors, says Niti Aayog Vice Chairman.
Surojit Gupta and @nalinmehta bring in exclusive details 👇
https://t.co/okUCBLoJl3
#EditorsPicks | RBI’s rupee defence, 7.7% GDP growth and why gold ETFs closing doors — Editor’s Picks from Moneycontrol
@nalinmehta breaks down the policy push to support the rupee, India’s stronger-than-expected economic growth, and the concerns driving restrictions on large investments into Gold ETFs.
🧵Follow this thread for the full scoop! 👇
#EditorsPicks | Rajesh Exports shocker, SME IPOs buzz and regulator cautions home financiers - Editor’s Picks from Moneycontrol
@nalinmehta unpacks how these developments could reshape markets and tech momentum in this new edition of Editor’s Pick 📰
🧵Follow this thread for the full scoop! 👇
🚨 Rajesh Exports, once counted amongst India’s larger listed companies by revenue and one of the world’s biggest gold processors, is now at the centre of a major SEBI probe.
- SEBI says the firm misrepresented nearly 99% of its revenues.
- We are talking about revenues worth Rs 15.5 lakh crore over 4 years
- How did we get here? What does it mean for Indian markets and regulators? And what next? Let’s dive in.
1/8
🧮 The answer might lie in the business of gold refining and accounting standard, explains @Deborshi in a detailed perspective piece. However, what REL and its promoters’ endgame was, remains unclear:
8/8
https://t.co/ZDlAsrjp2z
🧮 The answer might lie in the business of gold refining and accounting standard, explains @Deborshi in a detailed perspective piece. However, what REL and its promoters’ endgame was, remains unclear:
8/8
https://t.co/ZDlAsrjp2z
🤔 That raises a fundamental question: how did a listed company report revenues running into several lakh crores while providing limited visibility into end-customers, transaction structures and whether reported sales translated into actual cash generation?
7/8
🤔 That raises a fundamental question: how did a listed company report revenues running into several lakh crores while providing limited visibility into end-customers, transaction structures and whether reported sales translated into actual cash generation?
7/8
🇨🇭 A shareholder complaint in March 2024 led to a wide-ranging investigation and ultimately yesterday’s order. At heart of it lie REL’s Swiss subsidiaries — discrepancies in revenues were too big to ignore, explains @BrajeshKMJi.
5/8
https://t.co/onyBrOdaOu
–
🇨🇭 A shareholder complaint in March 2024 led to a wide-ranging investigation and ultimately yesterday’s order. At heart of it lie REL’s Swiss subsidiaries — discrepancies in revenues were too big to ignore, explains @BrajeshKMJi.
5/8
https://t.co/onyBrOdaOu
–
📉 This isn’t the first time Moneycontrol has written about LIC’s shareholding of REL: more than two years ago, we had written about its stake despite the stock’s poor performance.
5/8
https://t.co/GD1dMEeDJc
📉 This isn’t the first time Moneycontrol has written about LIC’s shareholding of REL: more than two years ago, we had written about its stake despite the stock’s poor performance.
5/8
https://t.co/GD1dMEeDJc
📊 Rajesh Exports fell by 5% today, hitting its lower circuit. It has fallen by nearly 45% in the last six months.
@anishaak finds that LIC holds over 10% in Rajesh Exports, a position it has maintained without a single share bought or sold since at least September 2023.
FIIs hold more than 14%.
4/8
https://t.co/XNJGG52U2W
📊 Rajesh Exports fell by 5% today, hitting its lower circuit. It has fallen by nearly 45% in the last six months.
@anishaak finds that LIC holds over 10% in Rajesh Exports, a position it has maintained without a single share bought or sold since at least September 2023.
FIIs hold more than 14%.
4/8
https://t.co/XNJGG52U2W
🚫 "It is an interim order and nothing in it is true," Rajesh Mehta, chairman and managing director at Rajesh Exports, told @aksharatweets today- denying the SEBI charges.
3/8
https://t.co/cv8ZOW3f99
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🚫 "It is an interim order and nothing in it is true," Rajesh Mehta, chairman and managing director at Rajesh Exports, told @aksharatweets today- denying the SEBI charges.
3/8
https://t.co/cv8ZOW3f99
--
2/8 SEBI issued an interim ex parte order against Rajesh Exports saying that they misrepresented revenues of about ₹15.15 lakh crore during FY21-FY25, accounting for 99.8% of its reported revenue during the period.
@BrajeshKMJi broke this story yesterday:
https://t.co/nryladSnmM
2/8 SEBI issued an interim ex parte order against Rajesh Exports saying that they misrepresented revenues of about ₹15.15 lakh crore during FY21-FY25, accounting for 99.8% of its reported revenue during the period.
@BrajeshKMJi broke this story yesterday:
https://t.co/nryladSnmM
🚨 Rajesh Exports, once counted amongst India’s larger listed companies by revenue and one of the world’s biggest gold processors, is now at the centre of a major SEBI probe.
- SEBI says the firm misrepresented nearly 99% of its revenues.
- We are talking about revenues worth Rs 15.5 lakh crore over 4 years
- How did we get here? What does it mean for Indian markets and regulators? And what next? Let’s dive in.
1/8