As of now, the company only assembled commercial EVs and buses but plans to enter the passenger EV market soon. It is exploring plans to set up in Telangana or Tamil Nadu.The Kalyani group has accused the Hiremath family of making inaccurate disclosures with regard to the family settlement at Hikal. The Hiremath family has filed a case against the Kalyani family seeking their transfer of their Hikal shares in favour of the Hiremath family.An EPC firm owes Rs 2,457 crore to Adani Ports. This surge comes even as FDI across borders has slowed to $70.97 billion in FY23 from $84.8 billion. Private remittances to India provided a boost in stabilising the current account in FY23 as merchandise exports slowed.

Source: Forbes August 14, 2023 04:34 UTC