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RBI probes IREDA and PFC loans to Gensol Engineering, diverted for personal use, raising concerns about regulatory oversight.
BluSmart, an electric cab startup, has shuttered its services. Considered a rival of Uber, the popular ride-hailing platform ...
According to SEBI, Gensol acquired only 4,704 EVs, costing Rs 568 crore. That left a Rs 262 crore hole in the books. The ...
Birlasoft Ltd, Hindustan Copper Ltd, IREDA, Manappuram Finance Ltd, and National Aluminium Co Ltd are the five stocks on the ...
The owners of Blusmart cab and Gensol Engineering, the Jaggi brothers, are under scrutiny by SEBI for alleged misuse of ...
A significant financial scandal has emerged involving Gensol Engineering Ltd. and its EV division, BluSmart, as the ...
SEBI has barred Gensol Engineering promoters - Anmol Singh Jaggi and Puneet Singh Jaggi - from the securities market.
Sebi Tuesday barred Gensol engineering and promoters from the securities markets till further orders in a fund diversion and ...
According to the order, the misuse of funds was routed through intricate financial arrangements, raising serious questions ...
BluSmart, Gensol's EV ride-hailing platform, has paused new bookings amid operational restructuring, shifting its fleet to ...
SEBI, in its interim order, said that Jaggi brothers misused Gensol’s funds in a fraudulent manner and treated the company as ...
Sebi's investigation found that Gensol obtained Rs 663.89 crore in term loans from IREDA and PFC for procuring 6,400 electric ...