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The Indian Renewable Energy Development Agency (IREDA) has filed an insolvency petition against BluSmart’s related entity and troubled engineering, procurement and construction (EPC) company Gensol Engineering. In a filing with the exchanges, IREDA

So here’s what went wrong with Gensol & BluSmart. The founders, Anmol and Puneet Singh Jaggi, raised a fat ₹978 crore in loans from IREDA and PFC. The money was supposed to be used to build an EV fleet for BluSmart. But guess what? Only 4,704 EVs wer

I wish media had reported why Blusmart/Gensol’s recent deal with Refex was called off 3 days ago 🙏🙏 Almost a lakh Gensol public shareholders and the many bondholders of Blusmart deserve answers. While the company has not shared the reason for canc

Sankalp 24 Highlights (Olala!!) Ola Electric • Launched Roaster X, Roadster, and Roadster Pro with prices starting from INR 74,999, INR 1,04,999, and INR 1,99,999 respectively • Integrating Bharat 4680 cells in EVs starting Q1 FY26 • Launched Gen-

Sadly, the entire Gensol scam deepens. Jaggi orchestrated such big lies and scams. He claimed that: - Gensol had operationalised a EV manufacturing plant in Pune’s Chakan automotive industrial area - And that in Feb, the company had received pre-or

Top News Of the Day: 1. Electronica Finance, a provider of loans to micro, small, and medium enterprises (MSME), has raised $48 million (around INR 398 cr.) in a Series B funding round. 2. SingleInterface Bags $30 Mn (around INR 249 cr.) To Offer H

Top News of the Day: 1. Machine manufacturing startup Autocracy Machinery has raised Rs 5 crore in a a pre Series A round led by Venture Catalysts along 2. Amazon has invested INR 600 crore (approximately $72 million) in its Indian fintech arm, Ama

Kudos to Jaggi brothers - for having successfully executed one more fraud! This time, Rs 176 / 166 / 124 crore big - depending on how you see this. They have literally scammed off yet again, while much of the media except The Ken is silent on this.

Top News of the day: 1. True North, Accel, and nine other private equity and venture capital firms are set to monetize their investments as three of their portfolio companies received regulatory approval for initial public offerings. 2. Five-year-o

Top News of the Day: 1. Ola Electric has responded to MapMyIndia's accusations of data misappropriation as "opportunistic." 2. Ola Cabs has introduced a loyalty program called Ola Coin and relaunched its ride-sharing service on its platform in an e