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Gold Price Hits ₹1 Lakh: What’s Driving the 2025 Surge?

 If you’ve been watching the markets lately (or even just your local jeweller’s shop window), you’ve probably noticed something big — gold is on fire . As of April 2025, gold has crossed $3,500 per ounce globally , and in India, it’s hit a whopping ₹1 lakh per 10 grams . That’s not just a record — it’s a wake-up call. So, what’s really going on? Why is everyone suddenly rushing toward gold like it's 2008 all over again? Let’s break it down. 1. Global Chaos = Gold Boom The world’s economy is wobbly. The U.S. has brought back aggressive trade tariffs (10% on all imports), which have made investors super nervous. As always, when uncertainty rises, people want safety, and gold has always been the go-to safe haven . With fears of a global recession, people are ditching stocks and diving into gold. It's a classic move. 2. The Dollar and Bonds Aren’t Cool Anymore Believe it or not, even the good old U.S. Treasury bonds and the dollar are losing their shine. Risk premiums are up...

BluSmart Fraud Scandal: How India's EV Startup Misused ₹978 Crore and Collapsed

 India’s ambitious shift toward electric mobility has seen startups rise and scale rapidly, promising cleaner cities and smarter transport. BluSmart, one of the frontrunners in this EV revolution, was seen as a shining example of sustainable innovation. With its fleet of all-electric cabs and charging infrastructure in urban hubs, BluSmart was poised to disrupt the ride-hailing space long dominated by Ola and Uber. But that vision has now been clouded by a massive corporate scandal involving fraud, fund diversion, and governance failures , shaking not just investors but the entire EV startup ecosystem. What Happened? The Securities and Exchange Board of India (SEBI) launched an investigation into Anmol Singh Jaggi , co-founder of BluSmart Mobility and Managing Director of Gensol Engineering Ltd , which is BluSmart’s parent and funding partner. SEBI’s findings were damning: Anmol Jaggi diverted public funds meant for EV procurement and business operations toward personal l...