Camellias flat, ₹26 lakh golf set: 5 red flags SEBI cited in order against BluSmart co-founder

Electric cab service BluSmart suspends operations as SEBI investigates co-founder

The abrupt shutdown left thousands of drivers without work.

Camellias flat, ₹26 lakh golf set: 5 red flags SEBI cited in order against BluSmart co-founder

SEBI has barred founders of Gensol Engineering from holding key positions in company, citing alleged defaults on loans used to fund EV purchases for BluSmart.

India's BluSmart swept up in Gensol investigation alleging misuse of EV loans

India's market regulator launched a probe Tuesday into Gensol Engineering after finding alleged misuse of electric vehicle loans. BluSmart, a ride-hailing

BluSmart Halts Ride Services Following Sebi's Gensol Fraud Order

BluSmart, India’s electric vehicle ride-hailing company, has successfully wound down operations following a Securities and Exchange Board of India (Sebi) order that led to the promoters’ financial misdeeds being exposed. Customers in Delhi-NCR, Bengaluru, and Mumbai reported that they could not book rides on the BluSmart app, and the company sent a notification informing that the bookings were being “temporarily closed.” The turmoil stems from S…

Indian EV ride-hailing startup BluSmart appears to have suspended service a day after regulators launched a probe into Gensol, which shares its co-founders

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Taking strict action against Gensol Engineering and its promoters, SEBI has barred both the promoters - Anmol Singh Jaggi and Punit Singh Jaggi from holding any directorial or key management position.