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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The investment app fraud is a classic ‘pig butchering’ scam, where victims are ‘fattened’ by encouraging small investments with steady payouts. Sadly, this one could be just one of many.
When someone offers guaranteed returns in the stock market, it’s a very obvious red flag. But what if they promise you the possibility of—believably—high returns? Say, 1-5% daily? Chances are, you’d be less likely to suspect something is amiss.
This is the tactic that 30-year-old Chennai resident J Sivaram used in his HiBox investment app launched in February this year. To make things more believable, he used celebrities like YouTuber Elvish Yadav, comedians Bharti Singh, Saurav Joshi and Harsh Limbachiya and actor Rhea Chakraborty to endorse the app.
Naturally, thousands signed up and put in their money on it. All …
Elon Musk’s satellite internet promises a new way to get online. How will it coexist with the country's telecom giants?
India’s leading tech hardware distribution company is making the most of the unprecedented rise in global prices of laptops and other tech hardware. There’s just one problem.
High returns, RBI-regulated comfort, and easy withdrawals drew investors in. Now, with repayments drying up, the fintech platform, its NBFC partner, and the regulator are pointing fingers—leaving customers to chase their own money.
