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In the lush greens of DLF Camellias—one of Gurgaon’s most opulent residential complexes—a new resident was settling into a multi-crore apartment. Complete with a premium golf set worth Rs26 lakh and frequent luxury travels, Anmol Singh Jaggi, the promoter of Gensol Engineering Ltd (GEL), was seemingly living the high life. But as it turns out, the funds fueling this lifestyle weren’t entirely his own.

The Securities and Exchange Board of India (SEBI) on Tuesday dropped a regulatory hammer on Gensol Engineering and its top promoters, Anmol Singh Jaggi and his brother Puneet Singh Jaggi. In a 29-page interim order, SEBI revealed that the duo had been treating the publicly listed company as a private cash vault—routinely diverting funds meant for business growth into personal luxuries, questionable investments, and family accounts.

“Gensol Engineering Limited is being run like a proprietorship,” the SEBI order declared. What was supposed to be a professionally managed entity with public investors and institutional accountability was, in reality, operating like a family-run outfit where checks and balances were optional.

The report outlines how over Rs42.94 crore from a large loan secured by GEL—earmarked for scaling electric vehicle operations—was rerouted through Capbridge Ventures, a firm controlled by Anmol Singh Jaggi. The ultimate destination of this money? A luxury flat in DLF Camellias, one of India’s most high-profile residential addresses.

But the apartment was just the beginning. SEBI’s investigation exposed a trail of financial misuse.

<strong>1)</strong> ₹50 lakh was funneled into Ashneer Grover’s startup, Third Unicorn—a move that raised eyebrows not just for its lack of board approval, but for its odd mix of venture investing with misappropriated debt.

<strong>2)</strong> Over ₹6.2 crore was transferred to Jaggi’s mother, and another ₹2.98 crore to his wife.

<strong>3)</strong> Jaggi allegedly dropped ₹26 lakh on a high-end golf set.

<strong>4)</strong> Personal travel expenses amounting to ₹3 lakh were charged through MakeMyTrip, once again using GEL’s funds.

Gensol had recently announced a stock split—a move often used to drive up market interest and improve liquidity. But SEBI has now ordered the company to put that on hold, signaling that regulatory focus has shifted from the company's market optics to the far more pressing matter of internal integrity.

The agency’s findings carry serious implications for Gensol’s future in the capital markets. The Jaggi brothers have been restrained from participating in the securities markets with immediate effect, and the financial house of cards they allegedly built now faces a complete regulatory teardown.

SEBI's language throughout the order is striking. Ashwani Bhatia, Whole-Time Member at SEBI, noted “prima facie evidence of a blatant violation of rules of corporate governance... where even ring-fenced borrowings from institutional creditors were rerouted at the total discretion of the promoters.”

This wasn’t a one-off lapse—it was systemic. It was, as SEBI sees it, a culture. A company listed on the stock exchange, beholden to shareholders and lenders, was reduced to a piggy bank for the powerful few at the top.


Golf set, luxury flat, personal travel: Anmol Singh Jaggi’s lavish life on Gensol’s dime

Apple Inc. has narrowly avoided what could have been its most significant supply chain disruption since the height of the COVID-19 pandemic, following a late-night decision from the White House that exempts several of its flagship products from sweeping new tariffs on Chinese imports.

On Friday, President Donald J. Trump unveiled a 125 percent tariff targeting goods produced in China, a move intended to remake America’s trade posture. Yet in a surprise development, the administration carved out exceptions for consumer electronics, including iPhones, iPads, Mac computers, Apple Watches and AirTags — a decision that analysts say spares the Cupertino-based company from an immediate and potentially destabilizing cost shock.

The exemption, however, may prove to be temporary. Trump and senior administration officials have signaled that a new category of sector-specific levies - particularly those targeting goods that include semiconductors - remains under consideration. A separate 20 percent duty continues to apply to electronics manufactured in China, creating a patchwork of trade rules that leaves companies like Apple navigating uncertainty.

Behind the scenes, Apple had been preparing for a worst-case scenario, as per reports. The company had drawn up contingency plans to shift a portion of its iPhone production for the U.S. market to India — a move that would have leveraged that country’s lower tariff exposure, reports stated. With Indian facilities ramping up to produce more than 30 million units annually, Apple believed it could fulfill a share of domestic demand outside of China.

Internally, the proposed tariffs had raised alarms within the company’s operations, finance and marketing divisions, particularly as production timelines for the next iPhone, expected to be largely made in China, tightened.

In the absence of the exemption, Apple may have been forced to raise prices or absorb higher costs, a scenario that risked alienating consumers and pressuring margins. Executives had also expressed concern over whether such a pivot could be executed without disrupting the planned launch of the iPhone 17.

Morgan Stanley estimates that 87 percent of iPhones and the majority of iPads and Macs are assembled in China, products that collectively account for roughly three-quarters of the company’s revenue. The company has moved production of some accessories, such as the Apple Watch and AirPods, to Vietnam, and is expanding manufacturing in Malaysia and Thailand. 

China, which generates approximately 17 percent of Apple’s revenue, has previously retaliated against U.S. technology firms amid escalating trade tensions. Beijing’s Ministry of Commerce described the tariff exemption as “a small step by the U.S. toward correcting its wrongful action of unilateral ‘reciprocal tariffs,’” urging Washington to resume negotiations rooted in “mutual respect.”


Apple dodges tariff fallout for now, as Donald Trump grants temporary reprieve

Meta has been hit with a hefty fine by the Turkish government after it resisted demands to restrict content on its platforms, Facebook and Instagram, as per reports by AP.

The Turkish authorities have increasingly cracked down on social media platforms, particularly in the wake of protests triggered by the arrest of Istanbul's opposition mayor, Ekrem Imamoglu.

In a statement, Meta said, "We pushed back on requests from the Turkish government to restrict content that is clearly in the public interest, and have been fined by them as a consequence.

The company, however, did not disclose the exact amount of the fine, only describing it as "substantial." Meta also refrained from providing specifics on which content was targeted for restriction.

Turkey’s government has been tightening its grip on online speech in recent years, with increasing attempts to control digital platforms. 

Following Imamoglu’s arrest on March 19, mass protests erupted, leading to widespread censorship efforts. Social media platforms, including Facebook, Instagram, and X (formerly Twitter), were temporarily blocked, with over 700 X accounts, many belonging to journalists, media outlets, and student groups, being suspended for allegedly inciting unrest.

Meta fined by Turkey for defying content restrictions on Facebook and Instagram

The National Company Law Tribunal (NCLT) has declined to initiate insolvency proceedings against Zomato, as per media reports.

This comes after a legal dispute over alleged unpaid dues of Rs 1.64 crore filed by Nona Lifestyle, a B2B apparel manufacturer.

Nona Lifestyle had accused Zomato of failing to pay for rider uniforms and merchandise, which included jerseys designed for the ICC World Cup 2023.

According to Nona Lifestyle, the company had fulfilled its contractual obligations but faced delays in payments, refusals of delivery due to storage concerns, and increasing pressure from Zomato to provide discounts.

However, Zomato denied the allegations, asserting that all payments for the supplied uniforms were made within the agreed timeframe.

The company countered by claiming that Nona Lifestyle missed delivery deadlines, leading to the imposition of contractual penalties, the report added.

Zomato further explained that payments for the delivered jerseys were made after necessary deductions.

The insolvency petition, which was initially dismissed for non-prosecution in November 2024, was revived at the request of Nona Lifestyle. Despite the reviewed petition, the NCLT ruled in favour of Zomato, rejecting the move to initiate insolvency proceedings.

NCLT rejects insolvency plea against Zomato, providing relief amid legal dispute

OpenAI, the company behind the artificial intelligence chatbot ChatGPT, presented a strong defense against ANI Media Pvt Ltd's copyright infringement suit before the Delhi High Court on Wednesday, reports Bar & Bench. 

Representing OpenAI, Senior Advocate Amit Sibal argued that since the training of the company’s Large Language Model (LLM) and storage of data occurs outside India, Indian copyright law does not extend to it.

The case stems from ANI's claim that OpenAI used its content to train ChatGPT, which allegedly infringed upon its copyrights. 

Sibal countered that no part of the infringement, as claimed by ANI, occurs within Indian territory, noting that the Indian Copyright Act only applies within India. "Any action that is claimed to be infringement must take place in the four corners of this country. If it doesn’t, that particular action can’t be infringement," Sibal argued.

Sibal also highlighted that there is no evidence to suggest that OpenAI stores ANI's data in India, nor does ChatGPT access this data for generating responses. 

He further clarified that the LLM does not store data verbatim from specific sources but rather uses vast, diverse datasets, learning from linguistic structures and grammar in the public domain.

ANI had earlier accused OpenAI of scraping its content from its website and subscriber data to train ChatGPT for commercial gain. 

However, Sibal explained that the use of data in this manner does not violate copyright laws, asserting that the Copyright Act protects only the expression of ideas, not the ideas themselves or the factual content used to train AI models.

The High Court is now considering four key issues, including whether OpenAI's storage and use of ANI's data amounts to infringement, and whether the case qualifies for fair use under Indian copyright law. OpenAI will continue its arguments in the next hearing.

ChatGPT data stored outside India, copyright act does not apply in ANI case: OpenAI to Delhi HC

India's IT sector is facing an alarming crisis as long working hours become the norm, with a significant number of employees routinely exceeding the legal 48-hour workweek.

A survey conducted by Blind, an anonymous community app for professionals, surveyed 1,450 verified IT professionals in India between March 12-19, 2025, and the findings shed light on the extreme pressures many in the sector face.

A staggering 72% of IT professionals report working beyond the legal limit, and 25% are clocking in 70 hours or more each week. 

This gruelling schedule is taking a toll on mental health, with 83% of respondents reporting burnout. In fact, employees at companies with the longest work hours, such as Cisco, Amazon, ServiceNow, Walmart, and VMware, report burnout rates that exceed 90%.

Top tech giants are among the worst offenders. The survey identified companies like Confluent, Intuit, UiPath, Adobe, Uber, InMobi, Salesforce, Walmart, and Microsoft, where a large majority of employees routinely work beyond the 48-hour mark.

In some companies, up to 42% of employees are working over 70 hours per week.

Despite the intense workload, many IT professionals feel there is no reprieve. A significant 68% of respondents stated that they feel obligated to respond to work-related messages outside of office hours. This reflects a persistent "always-on" culture that was amplified during the pandemic but has since become ingrained in the workplace.

The expectation to be constantly available, coupled with the pressure to overwork, is contributing to a vicious cycle of exhaustion.

The survey also revealed a broader concern over the pressure to overwork, with 75% of IT professionals feeling personally or observing co-workers facing expectations to exceed the standard workweek. 

The constant pressure to put in extra hours, regardless of its impact on productivity or well-being, is a major contributor to burnout across the sector.

Adding to the frustration are comments from industry leaders like Infosys co-founder Narayana Murthy and L&T Chairman SN Subrahmanyan, who have publicly endorsed working 70-90 hours a week. 

Such statements have sparked backlash from professionals on Blind, with one verified NVIDIA employee stating, “Never understood their obsession with ‘working hours.’ Such morons," the report added.

Burnout crisis grips India's IT sector: 25% of professionals work 70+ hours weekly: Report

In an innovative move that underscores its reputation as a brand that resonates with the masses, Fevicol launched the 'Kaala Teeka' campaign at the Maha Kumbh 2025. 

The initiative aimed to address the perennial issue of lost children at large gatherings by using a traditional cultural practice complemented by modern technology.

Sandeep Tanwani, CMO of Pidilite, discussed the campaign's impact and execution in a recent conversation with Storyboard18.

"Fevicol is a people's brand," Sandeep stated, "and for such a large human congregation, Fevicol had to do something meaningful.  We wanted to participate in Kumbh in a fashion where we make a difference to a problem." 

The campaign was inspired by the traditional practice of applying a 'kaala tika' or black dot on children to ward off evil. This cultural insight was ingeniously combined with technology to create a QR-coded sticker that served as an identity marker for children in the vast crowds of Maha Kumbh.

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The initiative's primary objective was to reunite lost children with their families. "A large human congregation often leads to people getting separated," Sandeep explained. "Given Fevicol's promise of the ultimate bond, we said, how can we really make it meaningful for people while being true to our promise?"

The campaign's execution at such a large-scale event came with its challenges. 

Fevicol partnered with local authorities to ensure the initiative seamlessly integrated with existing efforts to manage the crowds. "Figuring out how to reach out to the officials and partner in a manner which is effective and meaningful for all parties was crucial," Sandeep noted.

The campaign faced significant logistical challenges, as highlighted by Tanwani. Coordinating with the event's administration and educating parents on using the QR code were crucial hurdles. 

Despite the logistical hurdles, the campaign successfully engaged over 5,000 parents, with the number rising even higher as the event progressed. 

Sandeep recounted a heartwarming instance where a child, lost in the bustle of the Mela, was reunited with his parents within 30 minutes thanks to the innovative QR code system. "A minute of separation causes huge anxiety to parents, and here was Fevicol at the forefront of reuniting the family," he reflected.

The creative prowess behind the campaign was the result of a long-standing partnership with Ogilvy, Fevicol's creative partner for over three decades. "The brief was simple: to participate in Kumbh Mela to solve a social cause in a manner uniquely Fevicol," Sandeep shared. 

Piyush Pandey, Chief Advisor at Ogilvy India, reflected, "Fevicol is a people's brand that does things that always touch the people of India with a strong cultural context. The Kumbh Teeka work is a creation of two young people at Ogilvy who came up with this simple device that was meaningful to thousands of people who attended Kumbh."

This initiative not only showcases Fevicol's dedication to social causes but also its ability to innovate by intertwining cultural insights with modern technology. 

As Tanwani noted, "Even if you're able to do this for one family, it makes such a great difference to their lives that the brand would have made a real difference within Maha Kumbh, and it would have lived up to the promise of the ultimate bond."

'Fevicol is a people's brand', says Pidilite's new CMO Sandeep Tanwani

Ranveer Allahbadia, known for his motivational podcast, made a notable return to the spotlight on March 31 with the latest episode of his podcast. 

Following a period of controversy due to offensive remarks made on Samay Raina's India’s Got Latent show, the YouTuber opened up about the most challenging phases of his life and the valuable insights he received from Buddhist Monk Palga Rinpoche.

In their heartfelt conversation, Allahbadia shared how Rinpoche's teachings on combining wisdom with compassion helped him navigate his struggles.

The monk, in turn, praised Allahbadia for his impactful work, which has inspired millions through his platform, encouraging him to continue sharing wisdom and motivation with the world.

The episode was particularly poignant for Ranveer, who revealed that he had met Rinpoche during difficult times in the past, and this meeting came at a time when he was facing yet another personal challenge. 

"Falling is human, bouncing back with wisdom is rare," one fan remarked, capturing the sentiment shared by many who supported Ranveer’s comeback.

On March 30, Allahbadia shared a post on Instagram announcing the return of his podcast, The Ranveer Show (TRS), apologizing for the controversial remarks that sparked significant backlash.

He asked social media users for a "second chance" and expressed his intention to let his work speak for itself moving forward. The YouTuber also clarified that he did not view the past month as a "punishment" but as a valuable "learning experience."

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overflow:hidden; padding:8px 0 7px; text-align:center; text-overflow:ellipsis; white-space:nowrap;"><a href="https://www.instagram.com/reel/DH0RFz7Cde9/?utm_source=ig_embed&amp;utm_campaign=loading" style=" color:#c9c8cd; font-family:Arial,sans-serif; font-size:14px; font-style:normal; font-weight:normal; line-height:17px; text-decoration:none;" target="_blank" rel="noopener">A post shared by Ranveer Allahbadia (@ranveerallahbadia)</a></p></div></blockquote>
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In the aftermath of his controversial remarks, Allahbadia had issued an apology to the National Commission for Women (NCW), addressing the inappropriate comments made on the show, while multiple FIRs were filed against him and his fellow participants.

Ranveer Allahbadia returns with a new podcast after India's Got Latent row, netizens pour support

Google has agreed to pay $100 million to settle a class action lawsuit that accused the tech giant of misleading advertisers about the geographic locations of ads placed through its Google Ads platform, as per a Reuters report.

The lawsuit, which was initially filed in 2011, claims that Google violated California's Unfair Competition law by charging advertisers for clicks on ads shown outside the geographic regions they selected.

The proposed settlement, filed in a California court on Thursday, is still pending approval by a judge. If approved, the settlement would resolve claims from advertisers who used Google's AdWords program (now called Google Ads) between June 1, 2009, and December 13, 2012.

The plaintiffs also alleged that Google failed to provide the promised "Smart Pricing" discounts, further exacerbating the issue.

In addition to this legal settlement, Google is facing a series of other significant legal challenges.

The company is currently embroiled in a federal antitrust lawsuit that could force it to sell its Chrome browser, as well as another trial stemming from accusations by the Department of Justice that Google has created a monopoly in the ad-tech industry.

The class action settlement comes after "extensive" fact discovery, which involved reviewing over 910,000 pages of documents and analyzing multiple terabytes of click data from Google. the plaintiffs' counsel emphasized the comprehensive nature of the investigation, which ultimately led to the settlement.

Google to pay $100 million to settle 14-year-old ad lawsuit

Stand-up comedian Kunal Kamra, who recently found himself  at the center of a controversy after an alleged joke aimed at Maharashtra Deputy CM Eknath Shinde, is now embroiled in a new issue involving copyright infringement.

On Wednesday, Kamra took to his social media platform X to announce that T-Series had issued a copyright infringement notice against his parody video.

In his post, Kamra shared a screenshot showing that his video had been flagged by YouTube for a copyright violation. 

He strongly asserted that he had not used any original lyrics or instrumental from the song in question. "I haven’t used the lyrics or the original instrumental of the song. If you take this video down every cover song/dance video can be taken down. Creators please take note of it," he wrote.

Kamra further criticized the situation, expressing frustration with what he described as monopolistic practices in the Indian entertainment industry. "Having said that every monopoly in India is nothing short of Mafia so please watch/download this special before it’s taken down," he added, urging his followers to view the video before it is removed from the platform.

This latest clash follows a heated episode last week when Kamra’s stand-up routine incited anger from supporters of Maharashtra Deputy Chief Minister Eknath Shinde. 

In the act, Kamra performed a song mocking Shinde, which led to protests by Shiv Sena activists. The protesters, furious with Kamra’s remarks, vandalized the Habitat Comedy Club in Khar, Mumbai, where he had performed. The incident has sparked intense debates about free speech and comedy’s role in political discourse.

Despite the backlash, Kamra has stood firm, refusing to apologize. In a late-night statement on Monday, he emphasized, “I will not apologise or hide under the bed waiting for the controversy to die down.” 

The comedian also faces legal action as Shiv Sena MLA Murji Patel filed a complaint, resulting in an FIR being registered against Kamra for allegedly making defamatory remarks about Shinde.

Kamra, currently in Puducherry, has been asked to appear before the Khar police within a week, according to police sources.

<strong>Also Read:</strong> <a href="https://www.storyboard18.com/how-it-works/kunal-kamra-row-maha-cm-devendra-fadnavis-slams-comedian-over-gaddar-jibe-at-eknath-shinde-60018.htm">Kunal Kamra row: Maha CM Devendra Fadnavis slams comedian over “gaddar” jibe at Eknath Shinde</a>

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