41 C Science/Tech / The Economic Times
IREDA has accused Gensol Engineering's promoters of breaching their contract by diluting shareholding without lender approval and filed a complaint with the Economic Offences Wing. This action follows an internal review prompted by concerns over Gensol's loan account, which is currently under stress due to issues with EV purchases and lease payments to BluSmart.
The Enforcement Directorate (ED) is poised to investigate Gensol Engineering Ltd's promoters for alleged fund diversion and financial misconduct, following a SEBI report detailing violations and misuse of loan funds. The ED has also frozen additional shares linked to the Mahadev betting app scam, tracing them to a Dubai-based hawala operator.
Indian Institute of Science proposes developing 'angstrom-scale' chips using 2D materials like graphene, aiming to surpass current silicon-based technologies. Submitted to the government, the project seeks 500 crore over five years to establish indigenous next-generation semiconductor technology. With global interest growing in 2D materials, India aims to secure a leadership position in this post-silicon era.