operational revenue

Jharkhand Chief Minister Hemant Soren has ordered a crackdown on illegal mining, citing revenue losses and environmental concerns. He also pushed for resuming non-operational mines, including coal blocks, and boosting gold production. Soren emphasized quality and timely completion for government infrastructure projects, exploring coal-based energy for hostels due to LPG issues.

GST collections in May saw a modest 3.2% rise to Rs 1.94 lakh crore. While domestic revenue dipped, officials attribute this to a one-off telecom payment in the previous year, asserting underlying consumption remains robust across sectors. Import GST also surged, driven by increased demand for commodities and electronics.

Jaisalmer's Urban Improvement Trust, acting on the District Collector's orders, launched a massive anti-encroachment drive, reclaiming government land valued at over Rs 100 crore. Approximately 300 bighas were cleared in the Amarsagar Bypass area, targeting illegal occupations and land mafias. The administration adopted a humanitarian approach for families residing in permanent structures, giving them time to relocate.

Sebi has banned Rajesh Exports chief Rajesh Mehta for allegedly inflating company revenues over several years. The regulator's investigation found significant discrepancies, particularly with its Swiss subsidiary Valcambi SA. Mehta claims a communication gap with Sebi, stating revenues are correct and the business is low-margin.

SEBI’s interim order against Rajesh Exports raises a simple question: has one of India’s biggest gold companies been showing investors revenues that didn’t exist?

Perplexity AI CEO Aravind Srinivas predicts the AI race winner will be the company generating the most economic value per watt consumed. He emphasizes "token value per watt per user" as the key metric, surpassing sheer model size.

Sebi has banned Rajesh Mehta, CMD of Rajesh Exports, from dealing in the company's shares pending further orders. The regulator's investigation revealed significant manipulation of accounts, particularly overseas subsidiary revenues, inflating them by an "egregious" 97%-99%. The company also failed to reflect a Rs 1,035 crore investment in African gold mines.