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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Marred by multiple challenges, BluSmart, once a star of the Gensol universe, has become a black hole.
Yesterday, The Morning Context wrote about how the situation at Gensol Engineering has gone from bad to worse and why its investors and board need to wake up and save the business. Read the story here to understand the many blunders Gensol has made that have finally caught up with the company. There’s one issue that sticks out: the case of BluSmart, a company that Gensol’s shareholders have been funding while they don’t own any of it. Worse, this business is in a shambles.
Founder Anmol Jaggi has used Gensol, a publicly listed company, to prop up his personal electric …
A proposed Rs 12,000 crore incentive shifts the focus to components after the first scheme fell short. But raw material dependence, gaps in technology and China’s dominance remain.
Thinly traded listed entities have long served as breeding grounds for stock manipulation, hurting investors. The regulator, the NSE and BSE now want to fix things by focusing on efficient delisting.
