SEBI Upholds Ban on Gensol and Founders Over Fund Misuse
The Securities and Exchange Board of India (SEBI) has upheld its ban on Gensol Engineering and its former key executives, Anmol Singh Jaggi and Puneet Singh Jaggi, over alleged fund diversion and corporate governance lapses. The Jaggi brothers, co-founders of the electric vehicle ride-hailing firm BluSmart Mobility, are barred from accessing the securities markets or holding any directorial or senior managerial positions in Gensol.This decision comes amid ongoing insolvency proceedings at Gensol, now under the supervision of a court-appointed resolution professional. SEBI’s confirmatory orde..
Mizoram Pushes for Rail Link Via Thenzawl Peace City Plan
Mizoram Chief Minister Lalduhoma held a meeting on Thursday with Northeast Frontier Railway (Construction) General Manager A.K. Chaudhary and senior railway officials to discuss the proposed extension of railway tracks to the southern regions of the state and finalise plans for the inauguration of the Bairabi–Sairang railway line and Sairang station.Lalduhoma suggested that the planned railway line to Lawngtlai district pass through Thenzawl in Serchhip district, which has been designated as the site for a proposed "peace city" expected to accommodate 10 to 15 million people. He also recomme..
Centre Approves Rs 111 Billion for Key Rail Expansion Projects
The Cabinet Committee on Economic Affairs has approved four major railway multitracking projects worth approximately Rs 111 billion. These projects will expand the Indian Railways network by 574 kilometres across six states and are targeted for completion by 2028–29.The projects span 13 districts in Maharashtra, Madhya Pradesh, West Bengal, Bihar, Odisha, and Jharkhand. Key routes include the fourth line between Itarsi and Nagpur, doubling of the Aurangabad (Chhatrapati Sambhajinagar)–Parbhani section, and the third and fourth lines between Aluabari Road–New Jalpaiguri and Dangoaposi–J..
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