National Highways for Electric Vehicles (NHEV) has raised concerns placing an order with BluSmart, amidst recent allegations ...

In an official statement, PFC on Tuesday evening said, under its Anti-Fraud Policy, it is investigating GEL for falsified ...

Apart from filing the complaint with the EoW, PFC is also investigating the matter internally under its anti-fraud policy.

The controversy strikes at the heart of India’s EV mission. In January 2023, PFC sanctioned a massive ₹633 crore loan to ...

Gensol, the parent company of all-electric vehicle (EV) app BluSmart which was providing green cab services, allegedly forged ...

Power Finance Corporation (PFC) has filed a complaint with the Economic Offences Wing against Gensol Engineering, alleging ...

PFC said that it had to invoke the Debt Service Reserve Account (DSRA) to clear dues owed by Gensol Engineerig in February ...

Power Finance Corporation (PFC) has lodged a complaint with the Economic Offences Wing against Gensol Engineering Ltd for ...

Out of the Rs 587 crore loan sanctioned towards electric four-wheeler vehicles, the PFC had disbursed Rs 352 crore to Gensol ...

Power Finance Corporation Ltd (PFC) said it is exploring all possible options to recover an outstanding principal amount of ...

Power Finance Corporation and IREDA have launched internal investigations into a ₹663 crore loan to Gensol Engineering for EV ...

India's markets regulator on Tuesday barred Gensol Engineering's founders from holding key positions in the company after ...