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
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
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…
Suryansh
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
India Greenlights Deal for 26 Rafale Jets for Navy
India has officially approved the purchase of 26 Rafale fighter jets from France for its navy, marking a significant milestone in national security. This move addressed threats as rival China grew its naval presence in the Indian Ocean. According to the official insights, the deal is valued at around 630 billion rupees ($7 billion) and…
Himanshu
iPhones Fly to U.S. as Tariffs Shift Under Trump
Amid escalating trade tension and significant tariff increases under the President Donald Trump administration, companies like Apple Inc. executed a strategic move by dispatching five aircraft loaded with iPhones and other related products from India to the United States. This happened just 3 days late in March. The reports also suggest that despite the additional…
Yash Sharma
Trump Exempts Pharma, Semiconductors from New Tariffs
President Donald Trump’s newly announced tariffs have spared key sectors, pharmaceuticals, and semiconductors, offering relief to industries amid rising global trade tensions. Recently, Trump unveiled a comprehensive tariff plan to reduce the U.S. trade deficit and bolster domestic manufacturing. The plan imposes a 10% universal tariff on imports from various countries, including China, India, Vietnam,…
Supreme Industries To Acquire Wavin India Piping Unit
The Mumbai-based Indian plastic business, Supreme Industries Limited, signed a Memorandum of Understanding (MoU) with Wavin Industries Limited on March 10, 2025, to acquire its piping business in the country. The deal includes Wavin India’s three manufacturing units in Banmore (Madhya Pradesh5), Hyderabad (Telangana) and Neemrana (Rajasthan). With the acquisition, Supreme Industries will attain ownership…
India Moves to Defend Exports Against U.S. Tariffs
U.S. tariff has become the talk of the town. President Donald Trump has shaken the world’s import/export sector since he took office. During his this term, he is focusing on increasing import tariffs. Recently, China retaliated against the high tariffs in the U.S. and imposed 15% on goods, especially food items and cotton. However, India…