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IREDA files bankruptcy case against Gensol amid fraud allegations

Infrastructure

15 May, 2025

IREDA files bankruptcy case against Gensol amid fraud allegations

State-owned Indian Renewable Energy Development Agency said on Wednesday it has filed a bankruptcy application against Gensol Engineering marking the ......

Gensol MD Anmol Jaggi, director Puneet Jaggi resign after SEBI order

People

13 May, 2025

Gensol MD Anmol Jaggi, director Puneet Jaggi resign after SEBI order

Gensol Engineering said on Monday Managing Director Anmol Singh Jaggi and Whole-time Director Puneet Singh Jaggi have resigned, nearly a ......

Premium
Grapevine: Tesla India head quits; BluSmart investors weigh biz revival

General

08 May, 2025

Grapevine: Tesla India head quits; BluSmart investors weigh biz revival

Billionaire Elon Musk-led electric carmaker Tesla's country head for India has resigned after working with the company for nine years, ......

Premium
BluSmart-Azure: A tale of two corporate governance lapses and a common link

General

23 April, 2025

BluSmart-Azure: A tale of two corporate governance lapses and a common link

Even as brothers Puneet Singh Jaggi and Anmol Singh Jaggi, co-founders of ride-hailing firm Blusmart Mobility Pvt Ltd and green ......

BluSmart appoints Grant Thornton for a forensic audit

Consumer

23 April, 2025

BluSmart appoints Grant Thornton for a forensic audit

Indian electric cab service BluSmart has appointed Grant Thornton for a forensic audit after a regulatory investigation found its co-founder ......

PFC files complaint with economic offences wing against Gensol Engineering

Finance

23 April, 2025

PFC files complaint with economic offences wing against Gensol Engineering

India's Power Finance Corp (PFC) filed a complaint with the economic offences wing against Gensol Engineering over the alleged submission ......

Premium
Grapevine: Eversource, BluSmart, Yulu, Whirlpool, and Rebel Foods in news

General

22 April, 2025

Grapevine: Eversource, BluSmart, Yulu, Whirlpool, and Rebel Foods in news

Private equity firm Eversource Capital has submitted a Rs 1,200 crore non-binding offer to take over EV ride-hailing firm BluSmart, ......

Independent directors exit Gensol after co-founders probed

General

19 April, 2025

Independent directors exit Gensol after co-founders probed

Two independent directors at embattled Gensol Engineering resigned, the company said on Thursday, marking the third exit this week after ......

Pro
IBM could be a quiet beneficiary of BluSmart, Gensol founders' fund diversion

TMT

17 April, 2025

IBM could be a quiet beneficiary of BluSmart, Gensol founders' fund diversion

As regulatory scrutiny tightens around the loan defaults and diversion of funds by Anmol Singh Jaggi and Puneet Singh Jaggi, ......

BluSmart suspends operations as SEBI probes co-founder over fund diversion

Consumer

17 April, 2025

BluSmart suspends operations as SEBI probes co-founder over fund diversion

Indian electric cab service BluSmart, seen as a rival to Uber, suspended services on Thursday, days after a market regulator's ......

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