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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If recent investigations by SEBI into cases of fraud by listed SMEs are any indication, a scam running into lakhs of crores is in the making, putting the entire financial system at risk.
The recent spat between the two brands brings to the fore the stiff competition in the largely unregulated skincare industry.
An online marketplace for professionals is the company’s yet another attempt at building something of value, besides food delivery and quick commerce. There’s no telling whether it will work.