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Sebi bars Gensol Engineering and promoters from markets, halts stock split

April 16, 2025

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The New Indian Express Madurai

LAUNCHING a crackdown on Gensol Engineering Ltd (GEL), India's capital market regulator -- the Securities and Exchange Board of India (SEBI) -- has barred the renewable energy firm and two of its promoters - Anmol Singh Jaggi and Puneet Singh Jaggi - from the securities markets till further orders in a fund diversion and governance lapses case.

- Arshad Khan

"The prima facie findings have shown misutilisation and diversion of funds of the Company in a fraudulent manner by its promoter directors, Anmol Singh Jaggi and Puneet Singh Jaggi, who are also the direct beneficiaries of the diverted funds," said Sebi in a 29-page order signed by Ashwani Bhatia, whole-time director of Sebi.

المزيد من القصص من The New Indian Express Madurai

The New Indian Express Madurai

THE BHAKTI CONTINUUM

HE raising of the Dharmadhvaja at the Ram Mandir in Ayodhya was a profoundly moving moment for many, and it may be worth recalling the egalitarian socio-religious movement that prevails at the temple. This is not about upholding an agenda but about our right to know our own history and heritage.

time to read

3 mins

December 01, 2025

The New Indian Express Madurai

After Delhi blast connection, Nuh linked to MP cybercrimes

HARYANA'S Nuh district, which is under glare as an operational base of the ‘white-collar’ terror module linked to 10/11 Delhi blast case, has also come out as the nucleus of Madhya Pradesh’s biggest-ever interstate cybercrime ring.

time to read

1 mins

December 01, 2025

The New Indian Express Madurai

Gayatri-Treesa triumph, heartbreak for Srikanth

TREESA Jolly and Gayatri Gopichand retained the women's doubles crown while Kidambi Srikanth narrowly missed out on the men's singles top prize in the Syed Modi International meet in Lucknow on Sunday.

time to read

1 min

December 01, 2025

The New Indian Express Madurai

37 more Maoists surrender in Chhattisgarh

THIRTY-seven Naxalites, 27 of them collectively carrying a reward of %65 lakh, surrendered in Chhattisgarh’s Dantewada on Sunday, police said.

time to read

1 min

December 01, 2025

The New Indian Express Madurai

PM terms Tamil as 'pride of India' in Mann ki Baat, urges people to learn it

PRIME Minister Narendra Modi on Sunday lauded Tamil as a great language and a source of pride for India, while highlighting the country’s achievements in agriculture, science, defence, tourism and indigenous products during his Mann Ki Baat radio address.

time to read

1 min

December 01, 2025

The New Indian Express Madurai

GIFT City now manages $100 billion in assets

GIFT City’s International Financial Services Centre (IFSC) now hosts over 1,034 registered entities, including 38 banks holding assets worth $100.14 billion, positioning it as a growing competitor to established financial hubs, such as Singapore and Hong Kong.

time to read

1 mins

December 01, 2025

The New Indian Express Madurai

In 2025, IPOs set to cross ₹2 lakh crore

WITH 11 more IPOs — including three mainboard issues aiming to mop up 26,644 crore —hitting the market this week, the primary market has already surpassed the 21.59 lakh crore raised in the whole of last year.

time to read

1 mins

December 01, 2025

The New Indian Express Madurai

The New Indian Express Madurai

Omar, BJP refuse to take blame for controversial demolitions in Jammu

AS Chief Minister Omar Abdullah and Lt Governor Manoj Sinha have denied their involvement in the recent demolitions of houses in Jammu and Kashmir, the question arises who ordered the demolitions.

time to read

1 min

December 01, 2025

The New Indian Express Madurai

WHAT TO EXPECT WHEN INVESTING IN 2026

THE year is ending on a high note. The recent quarterly growth data shows a second successive quarter of over 8% economic growth. Benchmark indices such as the NSE Nifty and the BSE Sensex have reached new highs. The September 2025 quarter results showed a recovery in corporate profits after a long time. Overall, the year is ending on a high note.

time to read

2 mins

December 01, 2025

The New Indian Express Madurai

The New Indian Express Madurai

BJP dismisses claims as 'baseless, false'

Hitting back, BJP says company sold for just ₹50 lakh

time to read

1 mins

December 01, 2025

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