The Institute of Chartered Accountants of India (ICAI) will investigate Gensol Engineering and BluSmart Mobility’s FY24 financial statements and audit reports due to fraud allegations. This action follows a Securities and Exchange Board of India (Sebi) probe that revealed fund…
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BluSmart suspended its ride-hailing operations this month and has transitioned into a fleet operator for rival Uber.
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Real estate: The Bombay High Court has ruled that no GST can be levied in a joint development agreement (JDA) where the landowner/homeowner has not sold the land’s development rights. In this case where this judgement came, the landowner made…
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India’s leading passenger vehicle and two-wheeler manufacturers experienced market share declines in FY25 due to heightened competition. Maruti Suzuki and Hyundai’s shares in the PV segment hit 12-year lows, while Hero MotoCorp’s share also dropped significantly. Mahindra & Mahindra and…
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The funds are intended for capital expenditure and to refinance dollar debt maturing in September. This potential deal signals growing confidence from overseas lenders in the conglomerate.
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The Associated Chambers of Commerce and Industry in India (Assocham) and the Federation of Indian Chambers of Commerce and Industry (FICCI) also condemned the attack. “The entire country stands united with both the central and state governments, and others in…
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