29 C Science/Tech / The Economic Times
ICAI is set to finalize its review of Gensol Engineering and BluSmart Mobility's financial statements for FY24 within six months, following regulatory scrutiny. Gensol Engineering's promoters face allegations of fund diversion and governance failures, leading to Sebi action. The review will assess compliance with accounting standards and could lead to disciplinary action if irregularities are found.
Airtel and Blinkit's recently launched SIM card home delivery service has been put on hold following queries from the Department of Telecommunications (DoT) regarding compliance with KYC norms. The DoT emphasized the need to strictly adhere to existing self-KYC processes. While the service is temporarily suspended, both companies have remained silent on the matter.
Three Chinese astronauts from the Shenzhou-19 mission safely returned to Earth on Wednesday after a six-month stay on the Tiangong space station. The crew, including China's only woman spaceflight engineer, conducted experiments and set spacewalk records. Their return was briefly delayed due to weather.
ISRO successfully conducted a short duration hot test of the semicryogenic engine at its IPRC facility in Mahendragiri. This second milestone, following a successful test in March 2025, involved a 3.5-second hot test of the Engine Power Head Test Article.
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.