BluSmart Begins Shutting Operations, Might Develop into Uber’s Fleet Accomplice: Report

BluSmart Begins Shutting Operations, Might Develop into Uber’s Fleet Accomplice: Report

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…

Read More
Gensol’s Jaggi Brothers Step Down As SEBI Tightens Its Grip On Investigation; Firm Says To Totally Cooperate | Financial system Information

Gensol’s Jaggi Brothers Step Down As SEBI Tightens Its Grip On Investigation; Firm Says To Totally Cooperate | Financial system Information

New Delhi: India’s market regulator Securities and Alternate Board of India (SEBI) has handed an interim order barring Gensol Engineering Restricted and its promoters (additionally co-founders BluSmart) Anmol Singh Jaggi and Puneet Singh Jaggi from accessing the securities market and halted Gensol’s proposed inventory break up. The promoter brothers have now stepped down as the…

Read More