India’s BluSmart, an emerging electric vehicle ride-hailing service and a formidable competitor to Uber, has hit the brakes on its operations as co-founder Tushar Jani finds himself under investigation. This unexpected suspension casts a shadow over the startup’s future in an already cutthroat market
In a recent development regarding the cash recovery controversy, Vice President Jagdeep Dhankhar praised the Supreme Court’s in-house inquiry as a “step in the right direction.” Meanwhile, floor leaders are set to meet for discussions amidst growing scrutiny.
In a significant ruling, the Bombay High Court has deemed the Mumbai Metropolitan Region Development Authority’s (MMRDA) decision to terminate its contract with a French company as arbitrary. The court emphasized the need for due process in contract disputes.
India has reportedly imposed a fine on the BBC for alleged foreign exchange violations, according to sources. This move highlights ongoing scrutiny of foreign entities operating in the country, raising questions about regulatory compliance.
