India, June 9 -- Government probing on Rs 1,000 worth PLI deal for EV batteries manufacturing

Shares of controversial gems and jewellery firm Rajesh Exports Ltd (REL) hit a fresh lower circuit limit on Monday, tumbling over 14 per cent in the past three days, after the Sebi last week passed an interim order alleging massive financial fraud by the company. The stock tanked 4.98 per cent to hit the lower circuit limit at Rs 94.50 on the BSE. At the NSE, the stock dropped 4.99 per cent to hit the lower circuit limit of Rs 93.80.

Meanwhile, media reported that the Ministry of Heavy Industries (MHI) headed by Union Minister Kumaraswamy, is set to decide in the coming days on removing Rajesh Exports from the list of beneficiaries under the pr...