Stalled railway projects worth โน1 lakh cr to resume soon in WB: Adhikari
Adhikari directed government and district officials to prepare a calendar for handing over land to the railways for the completion of pending projects
๐ฎ๐ณ ์ธ๋ ยท "COMPLET" ยท ์ด 129๊ฑด
ํํฐ ๋ณด๊ธฐํ์ฌ ์ง์
50.0
0 = ๋ถ์ ์ฐ์ธ
50 = ์ค๋ฆฝ
100 = ๊ธ์ ์ฐ์ธ
์ต๊ทผ 7์ผ ๊ธฐ์ค 5,500๊ฑด์ ๋ถ์ํ ๊ฒฐ๊ณผ, ๋ด์ค ์ฌ๋ฆฌ์ง์๋ 50.0(๊ท ํ)์ ๋๋ค. ๊ธ์ 0๊ฑด(0.0%)ยท์ค๋ฆฝ 5,500๊ฑด(100.0%)ยท๋ถ์ 0๊ฑด(0.0%)์ด๋ฉฐ, ์ค๋ฆฝ ๋น์ค์ด ๋๋ ทํ๊ฒ ๋์ต๋๋ค. ์ฑํฅ ์ง์๋ ์ข ํฉ 0.0(์ค๋ ๊ท ํ)์ ๋๋ค.
Adhikari directed government and district officials to prepare a calendar for handing over land to the railways for the completion of pending projects
The body was sent for postmortem after the completion of legal formalities.
Mullanpur: Skipper Shubman Gill and KL Rahul struck smooth hundreds as India posted a strong 368/3 at stumps on Day 1 of the one-off Test against Afghanistan here on Saturday.Gill was batting on 103 at close along with Rishabh Pant (50 batting). Pant and Gill have so far added 121 runs for the fourth wicket.It was Gill's 11th hundred in Tests.Also Read:Jasprit Bumrah, Hardik Pandya to be preserved for longer formats: Agarkar makes selection policy clearRahul completed his 12th hundred in Test cricket before getting out soon after.B Sai Sudharsan also played a good hand with an 81, and he added 139 runs for the second wicket with Rahul.Brief scores: India: 368/3 in 85 overs (Shubman Gill 103 batting, KL Rahul 100, Rishabh Pant 50 batting, Sai Sudharsan 81; Mohammed Saleem 2/67).
Karnataka Common Entrance Test (KCET) 2026 results were announced today, June 6, by the KEA. Over 3.3 lakh candidates registered for the exam, which is crucial for admission to various undergraduate professional courses. Tanisha Karthik topped the Engineering stream, while Navana Gopi excelled in Veterinary Sciences, BSc Nursing, and Yoga & Naturopathy
Rejecting Pakistan's criticism of two river projects, India on Friday reiterated its consistent stance on the Indus Water Treaty (IWT), saying that the agreement remains in abeyance until Pakistan completely stops cross-border terrorism.
The studentโs family linked his death to the police keeping him waiting for half a day at the station. He was warned that he couldnโt leave the state till the probe was complete
Chief Minister Revanth Reddy and his cabinet colleague Uttam Kumar Reddy launch trenchant attack on KCR and BRS for hoodwinking people
Nushrratt Bharuccha made a confident and stylish public appearance at the launch of Ekatra Jewels in Mumbai on June 4, amid a viral audio controversy. The actress, who had clarified that the disputed sounds in her deleted Instagram story were simply those of a puppy, appeared completely unfazed.
Crucially, the internal rebellion is far from unified in its desire to completely sever ties with the TMC's founder
Sources say it will take several days for the team to complete the inspection while spot checks have also been carried out at the drug storage facilities in MGMGH
A ticketing error on FIFAโs website has left dozens of football fans unexpectedly receiving free tickets for the FIFA World Cup 2026. The issue occurred during the checkout process and resulted in some supporters being allocated tickets at no cost. FIFA has now confirmed the mistake and is asking the affected fans to complete payment if they want to keep their seats for the tournament.
Many homebuyers mistakenly believe physical possession of a property equates to legal ownership. However, possession merely grants access, while registration under the Registration Act, 1908, formally transfers title and records you as the rightful owner. Without registration, you lack legal rights to sell, mortgage, or defend your claim. Both possession and registry are crucial for complete ownership.
The shares of metals major Tata Steel dropped nearly 3% on Friday after a fire broke out at the companyโs plant at Port Talbot in UK late on Wednesday, forcing the company to temporarily halt operations at part of the site.Large plumes of smoke were visible from the site and could be seen across the surrounding area, BBC reported, adding that emergency services remained at the scene on Thursday and were working to manage the incident.Tata Steel UK meanwhile said that all personnel were evacuated safely from the affected area. It added that the incident was not related to the safe and successful demolition of the empty, redundant gas holder earlier yesterday evening. The Mid and West Wales Fire Service attended the site while emergency services worked with local teams to completely extinguish the fire, the company further said.The 3.2 million tonne facility is transitioning to an electric arc furnace with an investment of ยฃ1.25 billion, with the help of aid from the local government. It is expected to be commissioned by the end of 2027. Tata Steel has completed major demolition work of the blast furnaces for the transition, and is currently working on fabrication and delivery of equipment.Also read: Tata Steel eyes 9% India sales growth this fiscalIn October 2024, Tata Steel ceased iron making operations at its Port Talbot site and temporarily paused steel manufacturing, pending the construction of a 3.2 MTPA electric arc furnace. What this means for Tata Steel share priceICICI Direct highlighted that the fire has reportedly been contained, although the extent of the operational impact is yet to be assessed. โWhile the incident is sentimentally negative, the UK operations contribute a relatively small share to Tata Steel's overall business, and hence the impact on the company's overall performance is expected to be limited. We await further clarification from the company regarding any operational disruptions or financial implications arising from the incident,โ it added.Tata Steel share priceTata Steel shares tumbled more than 3% to trade at Rs 204 apiece on Friday afternoon. The shares of the company have fallen around 2% in one week and 3% in one month. The stock is however up more than 12% in 2026 so far.In the longer term, Tata Steel shares jumped more than 29% in one year, 87% in three years and over 82% in five years. The company currently has a market capitalisation of more than Rs 2.55 lakh crore.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
The split became official on Wednesday when 58 rebel MLAs took over the legislature wing and elected Ritabrata Banerjee as their leader.
The building's design made it extremely difficult for occupants to escape, as the structure was completely sealed, accorduing to an official.
Momentum towards a deal has strengthened in recent weeks. US Ambassador to India Sergio Gor said the negotiations were nearing completion, with only a limited number of issues still unresolved. Commerce and Industry Minister Piyush Goyal has similarly indicated that most matters have been settled, with discussions now centred on finalising the remaining details before the first phase of the agreement is unveiled.
Mumbai: It is India's fourth biggest company by revenue, but the managing director of precious metals trader Rajesh Exports (REL) apparently doesn't know how and from where it gets the biggest chunk of the revenue, show the findings of a regulatory investigation.In its investigation report, the Securities and Exchange Board of India observed allegedly unscrupulous activities by REL's promoters, such as accounting irregularities and siphoning off of company funds into personal accounts, and also pointed out lapses by its auditors. The regulator said the company and its auditors were non-cooperative."The acts of REL constitute a deliberate device, scheme and artifice to mislead and defraud investors dealing in the shares of REL by portraying an inflated and misleading picture of its operational scale, revenue and financial health," Sebi observed in its report.The company, eponymously named after its chairman Rajesh Mehta, is accused of committing an elaborate financial fraud that includes dressing-up of revenues of โน15.15 lakh crore over the years, personal gold trades covered up as corporate sales and phoney gold mine investments of โน1,035 crore, according to the interim report.REL denied the charges of misdeeds. In a press release Thursday, the company said the revenues stated in its financials were correct and that the confusion arose because of a mix-up between Ebitda and revenue numbers at Swiss refiner Valcambi SA, an indirect subsidiary.Sebi has not made any adverse observation with regard to earnings, the company said, claiming that the regulator has only observed suspicion with regard to revenues which was primarily because of confusion over the Valcambi numbers.Numbers don't add upIn fiscal 2025, REL reported consolidated revenue of โน4.23 lakh crore against a profit after tax of just โน95 crore, translating into a net margin of barely 0.02%. The year before, on โน2.8 lakh crore revenue, profit was โน336 crore.Experts who have studied the Sebi report and the company's annual reports say the numbers did not add up. The business appeared to be operating at margins that were not merely thin but structurally negligible, they said."It looks like a case of pass-through accounting. There is no value creation. It was 'flow of gold' being booked as revenue," said a leading auditor on the condition of anonymity.Sebi, which began the investigations in March 2024 following a shareholder complaint about suspected accounting malpractices, said it found that about 97-99% of REL's consolidated revenues were attributed to its overseas subsidiaries, principally Valcambi. But Valcambi's own accounts, audited by KPMG SA, recorded only processing fees that were about โน3,027 crore across five years.Valcambi refined gold on behalf of clients and never took ownership of the precious metal or recognised the value of gold as revenue in its books. Yet, Global Gold Refineries AG (GGR), the parent of Valcambi that had no independent operating business, recorded gross revenues running into hundreds of crores by including the gross value of gold that actually belonged to others, according to the Sebi report.Rajesh Exports, which owns GGR through a Singapore subsidiary, used those unaudited figures in its financial statements, significantly bumping up the company's revenue, it said.In its press release, REL said: "The core observation in the order is with regard to the misreporting of the revenues. This has emerged primarily due to confusion because Sebi has considered the Ebitda of Valcambi instead of revenue hence it has stated that there is a difference of about 97% in the revenue.""There is no reason for any listed entity to inflate revenue and maintain the earnings, this will only reduce the margins of the company, which would be adverse to the company," it said.Senior management in the darkThe senior management of REL told regulators that most of them were in the dark about the company's overseas operations and only the promoter, Rajesh Mehta, dealt with those activities."Valcambi SA does not have any gold mine on its own," managing director Suresh Gowda was quoted in the Sebi order as saying. "It refines the raw gold purchased by it from various entities, whose names I do not recollect, as these things are exclusively handled by Rajesh Mehta, chairman of REL. I have never interacted nor involved with any subsidiary/step-down subsidiary of REL, as these were exclusively taken care of by Rajesh Mehta," he told the investigators, as per the order.According to the report, REL booked โน11,487 crore in sales between 2021-22 and 2023-24 to Affluence Shares and Stocks, a broker that made up to 66% of the company's standalone revenue for that period. But Affluence, in formal depositions to the regulator, said it had not done any business with REL.Following the transaction trail, the investigators found out that the transactions were personal gold derivative trades executed by promoter Mehta using his own brokerage account and then recorded in the company's books as corporate sales, the order said.The investigators also found that Mehta used corporate funds. As per the Sebi observations, bank records show REL transferred โน338.90 crore directly into Mehta's personal accounts between April 2020 and September 2025.Unlike in the case of Nirav Modi or Gitanjali Gems, who are accused of bank fraud, Rajesh Exports doesn't appear to have borrowed big from banks or through sale of bonds, according to regulatory filings.The company's market cap was just over โน3,000 crore, as per Thursday's closing share price. LIC (10.8%) and Bridge India Fund (8.46%) are its major institutional shareholders."It is striking that, even at a peak market capitalisation of โน25,000 crore, the company did not hold any analyst calls, a basic expectation for a listed company of that scale," said Shriram Subramanian, founder and managing director of InGovern Research Services, a corporate governance advisory firm.The regulator in 2024 hired BDO India Services to investigate. But the forensic audit faced problems at almost every stage of the investigation. It was denied access to ERP systems and was not provided a complete journal dump, preventing independent verification of transactions recorded in the books, according to the regulatory report.And the company declined to share subsidiary-level records with the investigator, citing Swiss data protection laws, limiting auditors largely to reviewing financial statements prepared by the management itself rather than underlying evidence, it said.What's also come under the scanner was the conduct of statutory auditors for the last few years: CA PV Ramana Reddy, the proprietor at PV Ramana Reddy & Co, and CA PL Venkatadri, partner at BSD & Co.The company's FY24 and FY25 annual reports, filed with the stock exchanges, carry an unqualified opinion from BSD & Co, which concluded that the financial statements presented a "true and fair view" in line with Indian Accounting Standards.The company's FY24 Directors' Report noted that the statutory and secretarial auditors had made no qualifications, reservations or adverse remarks.The Sebi report said for over five months, the auditors sat on the regulator's request for missing documents and statements.Emails sent to both audit firms did not elicit any response.REL closed 5% lower at โน103.92 Thursday on the NSE. The shares are down from their peak of โน1,028.40 on February 6, 2023.
The Supreme Court has strongly criticized Gujarat police for a 20-year-old investigation delay, ordering its completion within six weeks. Justices Karol and Masih emphasized constitutional courts cannot ignore such prolonged probes, especially when a complainant faces immense difficulty. The court highlighted the seriousness of lost case records, impacting the justice system and demanding swift action.