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ED lens on Jaggi brothers; Flipkart begins India shiftHappy Tuesday! After a Sebi probe, Gensol Engineering is now on the Enforcement Directorate’s radar. This and more in today’s ETtech Mornin...
Next in Gensol crisis; No-go for China in India’s electronicsLenders to Gensol are getting jittery as the company’s troubles compound. This and more in today’s ETtech Top 5.
Anmol Jaggi pitched strategic changes at BluSmart ahead of Sebi crackdown on GensolHours before the Sebi interim order unmasking irregularities at Gensol Engineering, BluSmart cofounder Anmol Singh Jaggi wrote to sharehold...
Tesla shopping for Indian partners; Investor heat on BluSmartHappy Monday! Tesla wants to broaden its supply chain and source semiconductor chips in India amid the global trade war. This and more in t...
BluSmart bond holders may invoke immediate repayment provisionsBluSmart Mobility, which raised approximately Rs 100 crore through non-convertible debentures (NCDs) from high-net-worth individuals and re...
Who are the Jaggi brothers—and how did Gensol, BluSmart get here?India’s markets regulator Sebi has accused BluSmart founders Anmol and Puneet Singh Jaggi of diverting funds from their listed firm Gensol ...
Inside the Gensol–BluSmart collapse; Wow! Momo’s fresh fundingHappy Friday! Quick-service restaurant chain Wow! Momo is raising Rs 130-150 crore in funding. This and more in today’s ETtech Morning Disp...
Gensol, BluSmart unravel; IT hiring to slow downHappy Thursday! Gensol promoter Anmol Singh Jaggi and BharatPe cofounder Ashneer Grover have a history of investment dealings. This and mor...
Infosys Q4 results; Sunscreen storm clears upInfosys posted a drop in net profit for the March quarter. This and more in today’s ETtech Top 5.
Exclusive: BluSmart may end cab-hailing trip, hit reverse gearElectric ride-hailing startup BluSmart plans to exit its core business and become a fleet partner for Uber, starting with 700-800 cars. Str...
ETtech in-depth: Ride-hailing on a rollercoaster ride with sharp twists, turnsIndia's ride-hailing market has seen major changes in the last 12-15 months, with Rapido gaining a 20% share, while BluSmart and Ola lose g...
Refex Industries, Gensol Engineering call off EV deal citing evolving commitmentsThe deal involved Refex taking over 2,997 cars owned by Gensol, along with Rs 315 crore in debt. The deal fell through primarily because of...
Top tech and startup stories this weekWelcome to a new edition of ETtech Unwrapped – our weekend newsletter packed with the most important stories this week. Let’s take a look.
Uber India logs 41% rise in operating revenue at Rs 3,762 crore; loss narrows 71%Improvement in ride-hailing services and growth in support and service operations helped slash losses from Rs 311 crore to Rs 89 crore. Ove...
Scoop: Uber in early discussions with EV ride-hailing startup BluSmart for a possible acquisitionUber is in early talks to acquire BluSmart Mobility, boosting its electric cab presence in India. The move comes amid Gensol Engineering’s ...
Faster fraud prevention; BluSmart on Uber’s radarHappy Monday! Major Indian banks and payment companies are speeding up their response to payment fraud by integrating their systems with th...
Buying an EV may not be a luxury soon as competition heats upTata Motors is the leader in the Indian electric PV segment with its Nexon, Tigor and Tiago. It will see competition from Maruti Suzuki, Ma...