The agro-mutual fund that crashed and burned

Opublikowano: 2026-09-30

In today's episode of The Daily Brief, we cover a deep dive and another story for the day shaping Indian and global markets: 1. Growpital’s Alleged Investment Fraud We’ll cover: ●Growpital raised ₹193 crore from over 5,200 investors. ●A claimed ₹62 crore revenue from a 75-acre jeera farm was far above SEBI’s estimated maximum of around ₹30 lakh. ●Nearly ₹96 crore was traced through layers of entities to the promoters. ●SEBI has ordered refunds with 12% annual interest and imposed bans and penalties. 2. Indian Railways’ New Financing Model We’ll cover: ●Six freight corridors wi...