Rajesh Exports to lose PLI tag amid regulatory scrutiny: Report

Rajesh Exports is likely to be removed from the list of beneficiaries under the Production-Linked Incentive (PLI) scheme for batteries, ET reported. This development comes amid ongoing regulatory scrutiny over allegations of misrepresenting consolidated revenues worth ₹15.15 lakh crore. Government may order an investigation to determine whether there were any corporate governance lapses at firm.