ED Detains BluSmart Co-Founder Over Gensol Links
Puneet Jaggi, co-founder of EV cab startup BluSmart and the Gensol Group, was detained by the Enforcement Directorate (ED) at the Delhi Hotel in connection with a case involving alleged violations of the Foreign Exchange Management Act (FEMA). According to the sources, Jaggi has been staying in a hotel for the past week. The ED’s…
ABHYUDAYA MITTAL
Pahalgam Attack Shakes Kashmir’s Tourism Industry
A tragic attack took place in the picturesque town of Pahalgam, located in the India-administered region of Kashmir. Gunmen shot a group of tourists, leading to the death of 26 people and leaving several others injured. This incident has shaken the nation and raised concerns about the safety of travellers in the region. Kashmir has…
Yash Sharma
India Leads Global Growth Despite Forecast Dip to 6.2%
India’s economic growth for the fiscal year 2025 has been revised downward by the International Monetary Fund (IMF), reflecting global economic uncertainties. The IMF now projects India’s GDP to grow at 6.2%, down from its previous estimate of 6.5% for the fiscal year 2025-26, a decrease of 0.3 percentage points and 0.2 percentage points to…
Bhumika
Gensol Engineering Faces Scrutiny After SEBI’s Order
The Ministry of Corporate Affairs (MCA) has announced that it will take necessary actions against Gensol Engineering following the recent order by the Securities and Exchange Board of India (SEBI). Last week, the Securities and Exchange Board of India (SEBI) banned the company’s promoters, Anmol Singh Jaggi and Puneet Singh Jaggi, from the stock market…
Shipra Prajapati
Eversource Capital in Talks to Takeover BluSmart for ₹850 Cr
Blusmart, an Indian ride sharing company is in advanced talks to get acquired by Eversource Capital for ₹850 crore with a non-binding offer by investment firm and expected to take up a final decision within next two weeks. BluSmart is one of the largest Indian ride sharing companies with a vast network that had …
Abdullah Ansari
BluSmart Services Down in Mumbai, Delhi, Bengaluru
India’s all-electric cab-hailing startup BluSmart has suddenly suspended services in key cities including Delhi-NCR, Mumbai, and Bengaluru. This action was taken just after India’s market regulator, the Securities and Exchange Board of India (SEBI), launched a probe into Gensol Engineering. This publicly listed company shares BluSmart’s co-founders, Anmol Singh Jaggi and Puneet Singh Jaggi. Riders…
Naidu Gives TCS Land for 99 Paise to Build IT Hub
Andhra Chief Minister Chandrabhan Naidu has approved the allotment of 21.16 acres of land in Visakhapatnam to Tata Consultancy Services (TCS) for just 99 paise on lease. The IT giant will set up a massive ₹1,370 crore campus on IT Hill No. 3, which is expected to generate 12,000 jobs. IT Minister Nara Lokesh first…
Foxconn Eyes 300 Acres in Greater Noida for a New Facility
Apple’s top iPhone manufacturer in the world, Foxconn, entered India recently and is now exploring the possibility of setting up a new manufacturing facility in Greater Noida, Uttar Pradesh. According to the company, it is looking for a 300-acre plot alongside the Yamuna Expressway. Foxconn made its debut in India with a manufacturing facility in…
iPhone Manufacturing in India Surges 60% This Year
Apple’s iPhone production in India has witnessed a remarkable surge, increasing by 60% in the 2024- 25 FY. The company’s Indian operations now contribute an impressive ₹1.89 lakh cr to the economy, solidifying the country’s growing role in Apple’s global supply chain. Now, India has become a critical hub for Apple as it diversifies its…
Vipin
Siemens Exec Among Victims in Fatal Helicopter Crash
In the recent turn of events, Siemens executive, Agustin Escobar his wife Merce Camprubi Montal, children aged 4, 5 and 11 years old died in a helicopter crash, while visiting New York from Barcelona, Spain. In a 2022 press release from the technology conglomerate, Escobar was announced as an executive for Siemens‘ division in Spain…
