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More Stories on LIC
SEBI’s Big Crackdown! Rajesh Exports Faces Massive Revenue Inflation Allegations

SEBI’s Big Crackdown! Rajesh Exports Faces Massive Revenue Inflation Allegations

Jun 04, 2026, 07:57 PM IST

Rajesh Exports has come under intense market pressure after SEBI issued an interim order alleging serious financial misrepresentation and corporate governance lapses. The stock hit its 5% lower circuit as investors reacted to claims that nearly 97-99% of the company’s reported revenues over multiple years may have been inflated. SEBI’s order highlights a staggering ₹15.15 lakh crore figure under scrutiny, raising concerns across the market. Meanwhile, Rajesh Exports Chairman Rajesh Mehta has strongly denied the allegations, calling the order interim in nature and stating that the company’s revenues are accurately reported. With LIC’s stake also drawing attention, investors are closely watching the next steps in what could become one of the market’s biggest corporate governance stories.

How Rajesh Exports 'Faked' Rs 15 Lakh Crore Revenue?

How Rajesh Exports 'Faked' Rs 15 Lakh Crore Revenue?

Jun 04, 2026, 07:04 PM IST

How Rajesh Exports 'Faked' Rs 15 Lakh Crore Revenue?

'Is this the biggest stock market scam ever? Move over, Harshad Mehta ...' — asks Sanjay Jha

'Is this the biggest stock market scam ever? Move over, Harshad Mehta ...' — asks Sanjay Jha

Jun 04, 2026, 05:46 PM IST

According to Sebi, around 97–99 per cent of Rajesh Exports' consolidated revenue originated from its overseas subsidiaries, particularly Switzerland-based Valcambi SA. However, the regulator alleged that the company did not consistently disclose the financial statements of its subsidiaries in the public domain.

Rajesh Exports ownership snapshot: LIC holds 10.8%; check FII stake and more

Rajesh Exports ownership snapshot: LIC holds 10.8%; check FII stake and more

Jun 04, 2026, 10:30 AM IST

Shares of jewellery maker Rajesh Exports Ltd slumped 5 per cent to hit a low of Rs 104.65 in early trade on Thursday. At this level, the stock has declined 44.63 per cent over the past six months.

IRFC, Mazagon Dock, MRPL, NTPC Green, SJVN shares: Why are PSU stocks with high govt stakes falling?

IRFC, Mazagon Dock, MRPL, NTPC Green, SJVN shares: Why are PSU stocks with high govt stakes falling?

Jun 02, 2026, 12:13 PM IST

MRPL, Mazagon Dock Shipbuilders Ltd, NTPC Green Energy Ltd, SJVN Ltd and IRFC, where the government held 82-89 per cent stakes declined 8-13 per cent in the past one month.

LIC: All about bonus shares alloment date, dividend 2026 record date of insurance behemoth

LIC: All about bonus shares alloment date, dividend 2026 record date of insurance behemoth

May 31, 2026, 04:40 PM IST

If you want to pocket that Rs 10 per share dividend, you need to mark Thursday, June 25, 2026, on your calendar.

LIC shares dividend: Double delight! 2x amount in your bank account soon - here is how

LIC shares dividend: Double delight! 2x amount in your bank account soon - here is how

May 29, 2026, 11:23 AM IST

LIC shareholders eligible for the 1:1 bonus issue may effectively receive dividend on doubled holdings. Check record date, eligibility and key details.

LIC shares: Why this stock might be showing upto 55% fall in your portfolio today?

LIC shares: Why this stock might be showing upto 55% fall in your portfolio today?

May 29, 2026, 09:27 AM IST

Shares of Life Insurance Corporation of India might be showing up to 55 per cent in some trading apps today as state-run life insurance players ex-date for bonus issue today.

Top stocks in news: LIC, PB Fintech, RIL, Wipro, Coal India, Swiggy, GMR Airports, RITES, Lupin

Top stocks in news: LIC, PB Fintech, RIL, Wipro, Coal India, Swiggy, GMR Airports, RITES, Lupin

May 29, 2026, 07:17 AM IST

Stocks like LIC, PB Fintech, Reliance, Wipro, Coal India, Swiggy, GMR Airports, RITES, Lupin, PhysicsWallah, Tata Elxsi, Ashok Leyland and more will be in the spotlight on Friday, May 29.

Big Disinvestment Move? Govt Plans LIC Stake Sale Amid Fiscal Pressure

Big Disinvestment Move? Govt Plans LIC Stake Sale Amid Fiscal Pressure

May 27, 2026, 08:39 PM IST

Breaking news on LIC! Reports suggest the government may launch a 2% stake sale in Life Insurance Corporation of India as early as June, aiming to raise nearly ₹10,000 crore. The proposed OFS is likely to be targeted at institutional investors and could mark the beginning of the government’s FY27 disinvestment strategy. Following the reports, LIC shares slipped nearly 3% in trade. Market experts say this could be a smart fiscal move at a time when the government faces pressure from rising crude oil prices and higher spending needs due to global geopolitical tensions. Analysts believe monetising PSU stakes like LIC and Coal India can help generate liquidity for infrastructure and developmental spending. Is this the start of a bigger PSU disinvestment cycle? Watch the full breakdown.

LIC shares tank 4% on report govt may sell stake next month: Key details

LIC shares tank 4% on report govt may sell stake next month: Key details

May 27, 2026, 12:39 PM IST

The report came as Dalal Street witnessed a couple of offer-for-sale (OFS) issues, including that of Coal India, which is currently underway, and Central Bank of India last week.

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