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The BluSmart (And Gensol) Story: Missing Crores, A Luxury Flat, And EV Cabs
In July 2024 EV cab service BluSmart raised Rs 200 crore in funding from new investors like ex-India cricket team captain MS Dhoni. But, less than a year later, it has shut operations amid Sebi investigation into car leasers Gensol.
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Meet Anmol, Puneet Singh Jaggi, BluSmart Founders Accused Of Funds Misuse
The brothers allegedly misused Rs 978 crore - meant for buying electric vehicles - for personal luxuries, including a DLF Camellias apartment and a Rs 26 lakh golf set, SEBI said in its interim order.
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"The News Hits Hard": Internet Reacts To BluSmart Shutting Down Amid SEBI Order
BluSmart remained non-operational across Delhi-NCR, Bengaluru and Mumbai, as SEBI cracked down on its co-founder over alleged misuse of funds at an affiliated company.
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Arun Menon, Independent Director Of Gensol Engineering, Resigns
Gensol Engineering, the beleaguered firm that came under market regulator Sebi's lens for fund diversions and governance lapses, said that its independent director Arun Menon has resigned with immediate effect.
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Gensol Engineering Shares Hit Another Lower Circuit Limit After Sebi Ban
Shares of Gensol Engineering dropped 5 per cent on Thursday to hit the lower circuit limit after Sebi barred the firm and its promoters -- Anmol Singh Jaggi and Puneet Singh Jaggi -- from securities markets till further orders.
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Fund Diversion, Rs 42 Crore Luxury Flat: Why SEBI Cracked Down On Gensol
SEBI has barred Gensol Engineering promoters - Anmol Singh Jaggi and Puneet Singh Jaggi - from the securities market.
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BluSmart Begins Shutting Operations, May Become Uber's Fleet Partner: Report
Gensol Engineering promoters and brothers Anmol and Puneet Singh Jaggi resigned from their directorial roles.
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Cab Company BluSmart Halts Services In Delhi, Mumbai, Bengaluru: Here's Why
Electric cab service BluSmart has temporarily suspended its operations in Delhi NCR, Mumbai, and Bengaluru. Although the app is available on the Play Store, it doesn't allow users to book or schedule rides until May 7.
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India's First All-Electric Cab Services 'Blu-Smart' Launched In Delhi-NCR
India's first all-electric cab services 'Blu-Smart' has been launched in Delhi-NCR. Gensol Mobility, part of the Gensol group, is the company behind Blu-Smart and has inducted only electric vehicles are part of its fleet for the national capital region. The service aims to provide a smart urban electric mobility option for consumers, according to t...
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The BluSmart (And Gensol) Story: Missing Crores, A Luxury Flat, And EV Cabs
In July 2024 EV cab service BluSmart raised Rs 200 crore in funding from new investors like ex-India cricket team captain MS Dhoni. But, less than a year later, it has shut operations amid Sebi investigation into car leasers Gensol.
-
Meet Anmol, Puneet Singh Jaggi, BluSmart Founders Accused Of Funds Misuse
The brothers allegedly misused Rs 978 crore - meant for buying electric vehicles - for personal luxuries, including a DLF Camellias apartment and a Rs 26 lakh golf set, SEBI said in its interim order.
-
"The News Hits Hard": Internet Reacts To BluSmart Shutting Down Amid SEBI Order
BluSmart remained non-operational across Delhi-NCR, Bengaluru and Mumbai, as SEBI cracked down on its co-founder over alleged misuse of funds at an affiliated company.
-
Arun Menon, Independent Director Of Gensol Engineering, Resigns
Gensol Engineering, the beleaguered firm that came under market regulator Sebi's lens for fund diversions and governance lapses, said that its independent director Arun Menon has resigned with immediate effect.
-
Gensol Engineering Shares Hit Another Lower Circuit Limit After Sebi Ban
Shares of Gensol Engineering dropped 5 per cent on Thursday to hit the lower circuit limit after Sebi barred the firm and its promoters -- Anmol Singh Jaggi and Puneet Singh Jaggi -- from securities markets till further orders.
-
Fund Diversion, Rs 42 Crore Luxury Flat: Why SEBI Cracked Down On Gensol
SEBI has barred Gensol Engineering promoters - Anmol Singh Jaggi and Puneet Singh Jaggi - from the securities market.
-
BluSmart Begins Shutting Operations, May Become Uber's Fleet Partner: Report
Gensol Engineering promoters and brothers Anmol and Puneet Singh Jaggi resigned from their directorial roles.
-
Cab Company BluSmart Halts Services In Delhi, Mumbai, Bengaluru: Here's Why
Electric cab service BluSmart has temporarily suspended its operations in Delhi NCR, Mumbai, and Bengaluru. Although the app is available on the Play Store, it doesn't allow users to book or schedule rides until May 7.
-
India's First All-Electric Cab Services 'Blu-Smart' Launched In Delhi-NCR
India's first all-electric cab services 'Blu-Smart' has been launched in Delhi-NCR. Gensol Mobility, part of the Gensol group, is the company behind Blu-Smart and has inducted only electric vehicles are part of its fleet for the national capital region. The service aims to provide a smart urban electric mobility option for consumers, according to t...
