Two Sharp with ET: Reliance’s ₹1.25B PLI setback; SEBI & BSE challenge FIR against Buch

In this episode of Two Sharp with ET, we break down Reliance New Energy’s PLI scheme setback, as the company faces a ₹1.25 billion penalty for missing its battery plant deadline. Meanwhile, Reliance Industries Ltd. (RIL) stock plunged to a 52-week low amid FII outflows and global uncertainty.On the regulatory front, SEBI and BSE are set to challenge a Mumbai court’s order directing the Anti-Corruption Bureau (ACB) to register an FIR against ex-SEBI chief Madhabi Puri Buch and top market officials over alleged IPO irregularities.Will Reliance recover? Will SEBI’s challenge hold? Nisha Poddar explains