New Delhi: The Enforcement Directorate (ED) has detained BluSmart co-founder Puneet Jaggi from a Delhi resort, after the company carried out raids in a case associated to Gensol Engineering Ltd. The raids have been carried out at firm’s workplaces in Delhi, Gurugram, and Ahmedabad below the International Trade Administration Act (FEMA). The ED is investigating…
“PFC has filed a criticism with the Financial Offences Wing of the Delhi police in regards to the issuance of falsified paperwork. PFC is dedicated to safeguarding its pursuits and making certain the restoration of its mortgage whereas upholding transparency in its operations,” the general public sector monetary firm stated in a press release. Gensol,…
Story up to now: Touted as a ‘one-stop store for all issues associated to solar energy’, Gensol Engineering Ltd noticed its shares plummet by 90% in April this yr from their 52-week excessive of ₹1125 in June 24, 2024. The autumn adopted after India’s regulatory physique, Securities and Alternate Board of India (SEBI), discovered alarming…
Anmol Singh Jaggi alongside along with his brother Puneet Singh Jaggi are the co-founders of BluSmart and administrators at Gensol Engineering, an Ahmedabad-based photo voltaic engineering and companies agency. File Sethurathnam Ravi, former chairman of the Bombay Inventory Change (BSE), expressed deep concern over the latest allegations surrounding BluSmart, including that such incidents will harm…
New Delhi: BluSmart, the fast-rising cab firm with an all-electric fleet, has began suspending its operations, leaving 1000’s of customers in cities like Delhi, Bengaluru and Mumbai, in a flap. The service abruptly stopped working following a Securities and Change Board of India (SEBI) order towards its promoters in a mortgage fraud case. BluSmart could…
Apr 17, 2025 01:53 PM IST Ex-Google MD Parminder Singh shared his mother and father’ loyalty to BluSmart, highlighting their reliance on the service over proudly owning a automotive. As BluSmart faces potential shutdown, ex-Google MD Parminder Singh took to social media, sharing his household’s deep reliance on the service and supplied to assist put…
Gensol Engineering, a number one participant in India’s clean-tech revolution, is now beneath regulatory scrutiny for monetary irregularities and malpractices. The Securities and Alternate Board of India (SEBI) has barred its promoters – Anmol Singh Jaggi and Puneet Singh Jaggi – from the securities market. The motion follows allegations that the duo diverted funds meant…
In July 2024 EV cab service BluSmart raised Rs 200 crore in funding from new traders like ex-India cricket staff captain MS Dhoni and Responsability Investments, a personal banking agency from Switzerland. That spherical took whole funding since December 2023 to round Rs 710 crore. It additionally marked the completion of the Gurugram-based firm’s pre-Sequence…
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