SEBI barred Rajesh Exports Limited and promoter-chairman Rajesh Mehta from the securities market following an investigation into alleged financial irregularities, disclosure lapses, related-party transactions, and possible manipulation of financial statements involving an alleged revenue misrepresentation of nearly Rs 15.15 lakh crore.
The Delhi High Court issued notice to the Central government and CCI on Apple’s plea challenging penalties on global turnover. CCI argued the law ensures even companies with no base in India can be penalised for anti-competitive practices.
