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.
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Spread across 159 companies, the 50,000 dirham-each fine is a clear statement of intent: no trifling with the rules. Separately, a new tech listing in Alpha Data.
Crippled by late entry into instant delivery and Tata Digital’s disproportionate attention to its super app, Big Basket today lags far behind peers. As if it weren’t enough, parent Tata Sons has now pulled back from a proposed funding round.
Being the first off the blocks, having zero baggage in the food delivery business and the convenience of a single app combined to help the Zepto arm hit the 75,000 orders-a-day milestone.