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BluSmart aims for Rs 800 crore FY25 revenue, with BP Ventures support. Competing with Rapido, Namma Yatri, targeting Ebitda profitability by 2026. Founder Jaggi under investor scrutiny for Dubai connections.
Obscure offshore funds may have played a role in running up the share price of certain small-cap companies in India. Several of these funds have links with Hari Tibrewala, the Dubai-based ‘hawala operator’ said to be behind the Mahadev Online betting app scandal
The Enforcement Directorate suspects Tibrewala is a hawala operator who has manipulated share prices of some companies
Gensol Engineering clarified that Zenith, a passive shareholder in the company since September 2022, holds neither decision-making rights nor any involvement in the business and operational strategies of the company.
Ullu Digital IPO will be purely a fresh issue of 62,62 lakh shares. Ullu Digital is a Mumbai-based over-the-top streaming platform