The agro-mutual fund that crashed and burned

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 ModelWe’ll cover:●Six freight corridors will cover 647 km and mainly transport coal, iron ore and bauxite.●Private companies could fund around 60% of construction costs under HAM.●The model shifts freight-risk away from private developers and back to Railways.●The six projects have a combined Bid Project Cost of ₹15,976 crore.Audio Timestamps00:04   Intro00:30   The Growpital investment scam13:07   Railways tries the highway model20:34   TidbitsWe also send out a crisp and short daily newsletter for The Daily Brief. Put your email here and we'll make you smart every day: https://thedailybrief.zerodha.com/Note: This content is for informational purposes only. None of the stocks, brands, or products mentioned are recommendations or endorsements.