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Blusmart insolvency: Claims worth over ₹500 crore filed

Financial Express Kolkata

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August 27, 2025

ABOUT 200 APPLICANTS have likely staked claims worth about ₹500 crore for assets of BluSmart Electric Mobility as part of the ride-hailing firm's insolvency proceedings.

- KRISHNA BAROT

The company, which was accused of corporate governance lapses and loan diversions, had insolvency proceedings initiated against it on July 29, following a plea by financial creditor, Catalyst Trusteeship, which was admitted by the National Company Law Tribunal (NCLT) Ahmedabad under the Insolvenc

MÁS HISTORIAS DE Financial Express Kolkata

Financial Express Kolkata

Accenture beats Q1 sales estimates on AI boost

NASDAQ-LISTED IT services major Accenture on Thursday beat Street estimates for firstquarter revenue, riding on a strong demand for its artificial intelligence (AI) solutions, but said it will no longer disclose separate revenue and bookings data for AI deals going ahead, as the tech is now increasingly embedded across almost all projects.

time to read

1 min

December 19, 2025

Financial Express Kolkata

HCLTech to buy HPE telco biz for nearly $160 mn

IT SERVICES MAJOR HCLTech on Thursday said it has signed a definitive agreement to acquire the telco solutions business of Hewlett Packard Enterprise (HPE) for a cash consideration of up to $160 million, including $15 million of performance-linked incentives based on FY25.

time to read

1 min

December 19, 2025

Financial Express Kolkata

Firms can have 50% of Indian staff in Oman

BIZ VISITORS PERMITTED TO STAY UPTO 90 DAYS

time to read

1 mins

December 19, 2025

Financial Express Kolkata

‘Bike taxis have huge headroom to grow’

Uber India's two-wheeler business is now its fastest-growing segment.

time to read

1 min

December 19, 2025

Financial Express Kolkata

ECB holds policy rates steady, turns positive on economy

Policymakers agreed there was no set date for any move. It was a unanimous view. With the degree of uncertainty we are facing, we simply cannot offer forward guidance

time to read

1 min

December 19, 2025

Financial Express Kolkata

Reliance buys majority stake in TN's Udhaiyam Agro Foods

RELIANCE INDUSTRIES' consumer products division has acquired a majority stake in Tamil-Nadu-based food company Udhaiyams Agro via a joint venture agreement, it said on Friday.

time to read

1 min

December 19, 2025

Financial Express Kolkata

Centre plans more sugar exports

Also mulls raising MSP

time to read

1 mins

December 19, 2025

Financial Express Kolkata

Securities market Bill in LS

UNDERTHE BILL, the strength of the Sebi board will increase from nine to 15 members. The Code also provides a framework for inter-regulatory coordina- tion, including for the listing of non-traditional securities, and introduces regulatory sand- boxes to facilitate innovation in financial products, contracts and services. In addition, Sebi will be mandated to follow a transparent and consultative process while issuing subordi- nate legislation, conduct peri- odic reviews of regulations, and carry out regulatory impact assessments.

time to read

2 mins

December 19, 2025

Financial Express Kolkata

Oman FTA to boost capital flow

TRADE EXPERTS SAID the significance of the deal is more than what the current trade suggests, as it would help strengthen New Delhi’s economic and geopolitical presence at the mouth of the Gulf.

time to read

2 mins

December 19, 2025

Financial Express Kolkata

New BP boss becomes Big Oil’s most powerful woman

MEG O'NEILL'S RAPID rise to the top of one of the world’s biggest fossil-fuel companies has been unencumbered by doubt.

time to read

1 mins

December 19, 2025

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