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Mahadev Betting App Case: ED Probe Uncovers ₹423 Crore Routed To Stock Portfolios

Mahadev Betting App Case: ED Probe Uncovers ₹423 Crore Routed To Stock Portfolios
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BluSmart: BluSmart rides out of FY24 with Rs 390-crore revenue in the boot

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.

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The curious case of UAE-based funds in India's small-cap bubble

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

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China
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Gensol Engg clarifies Tibrewala account has less than 1.5% shareholding, but stock hits lower circuit

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.

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