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Ireda Files Second Bankruptcy Case Against Gensol

Mint Kolkata

|

May 17, 2025

The Indian Renewable Energy Development Agency (Ireda) on Friday said it had filed a bankruptcy application against Gensol Engineering's electric vehicle leasing unit, two days after filing a bankruptcy case against the troubled company.

- Reuters

Gensol EV Lease Ltd owes a default amount of ₹218 crore, the state-owned agency said.

Ireda filed its first bankruptcy application against Gensol, a solar energy company, on Wednesday for an amount of ₹510 crore.

MEER VERHALEN VAN Mint Kolkata

Mint Kolkata

Equity market fails to hold gains

India’s equity benchmarks struggled to hold onto record highs on Monday as investors worried that outflows might persist amid uncertainty over a trade deal with the US.

time to read

1 min

December 02, 2025

Mint Kolkata

'Banks can't rely on service providers'

As banks worldwide double down on digital transformation, Reserve Bank of India (RBI) deputy governor Swaminathan J. has cautioned lenders that they cannot simply rely on third-party service providers for outsourced solutions.

time to read

1 min

December 02, 2025

Mint Kolkata

Mint Kolkata

Your attention is the new currency for India’s streaming apps

India’s video-streaming platforms are beginning to value deeper, higher-quality viewer engagement, with watch time and total minutes viewed becoming core indicators amid plateauing paid subscriptions.

time to read

2 mins

December 02, 2025

Mint Kolkata

Mint Kolkata

Mehli Mistry quits Ratan Tata’s Small Animal Hospital

Tata Trusts’ former trustee and late Ratan Tata’s close confidant, Mehli Mistry, has resigned from the board of his friend's cherished project, Small Animal Hospital Trust, which claims to have become India’s largest specialty hospital for pet animals.

time to read

1 mins

December 02, 2025

Mint Kolkata

Mint Kolkata

Mandatory app may trigger pushback

misuse of mobile phones in various scams.

time to read

2 mins

December 02, 2025

Mint Kolkata

Top weapon firms' revenue up 6%

The world’s biggest weapons-producing companies saw a 5.9% increase in revenue from sales of arms and military services last year as demand was fed by the wars in Ukraine and Gaza as well as countries’ rising military spending, according to a report released Monday.

time to read

1 min

December 02, 2025

Mint Kolkata

Mint Kolkata

E-tailers bank on creator content to draw shoppers

Broader selection of products and quicker delivery are no longer adequate to attract buyers

time to read

3 mins

December 02, 2025

Mint Kolkata

Mint Kolkata

Gen Z shoppers aren't spending like retailers need them to

More than other generations, 20-somethings are tightening their holiday-season budgets because of economic pressures

time to read

4 mins

December 02, 2025

Mint Kolkata

Mint Kolkata

Automakers report brisk sales in Nov, demand remains robust

With demand continuing to be strong post the festive season, leading automakers, Maruti Suzuki, Tata Motors and Mahindra & Mahindra, saw robust sales growth in November as compared to a year ago.

time to read

1 mins

December 02, 2025

Mint Kolkata

Gold soars ₹3,040 on global cues

Gold prices surged by ₹3,040 to ₹1,33,200 per 10 gm in the national capital on Monday, tracking strong global trends and a weak US dollar, according to the All India Sarafa Association.

time to read

1 min

December 02, 2025

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