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Rs 284-Crore Illegal Betting Scam: What Raid On Probo App Reveals
The Enforcement Directorate (ED) on Wednesday said it launched a major crackdown on illegal online betting platform 'Probo,' conducting search operations on July 8 and 9 across its four locations in Haryana.
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Man, 62, Duped Of Rs 73 Lakh In Gold Trading Fraud By Woman He Met Online
A 62-year-old resident of Navi Mumbai has allegedly been cheated of Rs 73.72 lakh after being lured into gold trading for high returns by a woman whom he met through a dating application, police said on Monday.
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Fake Payment Gateways, Properties In Spain: Inside Rs 800-Crore Forex Scam
The Enforcement Directorate conducted raids across four cities in connection with a Rs 800 crore scam pertaining to a online forex trading through a OctaFx app and website.
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''How Fraudsters Trap You'': Mumbai Police Warns Public About Stock Market Investment Scams
Mumbai police alerted the public about how fraudsters pull off stock market investment scams and shared important tips for citizens to stay safe.
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ONDC Framing Mechanism to Ensure Rule Compliance by Entities Involved
Government-promoted Open Network for Digital Commerce (ONDC) is framing a mechanism to ensure compliance with its rules by entities involved in online retail trading, a senior official said on Thursday. The ONDC aims to promote an open platform for all aspects of e-commerce retail. It would help small retailers expand their business through e-comme...
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Robinhood Lists First Stablecoin in Circle's USDC to Expand Offerings
Online broker Robinhood has added Circle’s USDC stablecoin to its crypto offerings for retail traders. Users will now be able to transfer the stablecoin from the Polygon and Ethereum networks.
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Twitter Shareholders to Vote on Elon Musk’s $44 Billion Takeover Offer in September: Details
Twitter has announced it will hold a shareholder meeting on September 13 to vote on the $44 billion (roughly Rs. 3,51,450 crore) takeover offer from Elon Musk. The microblogging platform’s board has unanimously recommended that shareholders vote, in person or online, in favour of Musk buying the company for $54.20 (roughly Rs. 4,300) per share ...
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Alibaba Beats Revenue Estimates Amid COVID-19 Lockdown in China
Alibaba Thursday beat expectations for fourth-quarter revenue due to growing demand for some of its niche online shopping services in China as the country faces COVID-19 lockdown. The company, however, said it would not issue a forecast for the new fiscal year, citing pandemic-related risks and uncertainties.
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Tencent Opposes US Fake Goods Label for WeChat
WeChat parent Tencent has expressed a strong disagreement with a US Trade Representative (USTR) decision to add WeChat to a list of notorious markets known for trade in counterfeit goods.
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Amazon, Flipkart Invited by Indian Traders’ Body to Discuss E-Commerce Issues
Amazon and Flipkart, among other players have been invited for a joint discussion by the Confederation of All India Traders (CAIT) on Thursday. The meeting will be aimed to discuss the ongoing issues around online trade in the country and make recommendations on the e-commerce policy. Reliance, Tata, and Facebook are among other companies that are ...
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Amazon Says US FTC Should Take New Chair Lina Khan Off Its Cases
Amazon filed a petition asking for Federal Trade Commission (FTC) Chair Lina Khan to be recused on antitrust matters related to the online retail giant, according to documents filed with the agency.
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Delhi Allows Home Delivery Of Alcohol. Conditions Apply
The Delhi government has allowed the home delivery of liquor through mobile apps or websites under the amended excise rules governing the trade of alcohol in the national capital.
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Bitcoin 'On the Verge' of Being More Widely Accepted, Says Tesla CEO Elon Musk in Clubhouse Voice Chat
Tesla and SpaceX CEO Elon Musk said on Monday that he was a supporter of Bitcoin and that the most popular cryptocurrency was “on the verge” of being more widely accepted. Musk made the statement on a Clubhouse voice chat that drew thousands of listeners. The billionaire entrepreneur also interviewed Vladimir Tenev, co-founder of online stock b...
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Government Said to Tell US That Digital Tax on Google, Amazon Isn't Biased
India’s decision to levy a tax on companies offering digital services in the country is not aimed at any particular country and the decision will not be reconsidered, people with knowledge of the matter said.
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E3 2020 Cancelled Over Coronavirus Concerns, Online Announcements Being Explored
Entertainment Software Association (ESA) has cancelled the 2020 edition of E3 over concerns arising out of the coronavirus outbreak and is now exploring the route of online announcements from members.
-
Rs 284-Crore Illegal Betting Scam: What Raid On Probo App Reveals
The Enforcement Directorate (ED) on Wednesday said it launched a major crackdown on illegal online betting platform 'Probo,' conducting search operations on July 8 and 9 across its four locations in Haryana.
-
Man, 62, Duped Of Rs 73 Lakh In Gold Trading Fraud By Woman He Met Online
A 62-year-old resident of Navi Mumbai has allegedly been cheated of Rs 73.72 lakh after being lured into gold trading for high returns by a woman whom he met through a dating application, police said on Monday.
-
Fake Payment Gateways, Properties In Spain: Inside Rs 800-Crore Forex Scam
The Enforcement Directorate conducted raids across four cities in connection with a Rs 800 crore scam pertaining to a online forex trading through a OctaFx app and website.
-
''How Fraudsters Trap You'': Mumbai Police Warns Public About Stock Market Investment Scams
Mumbai police alerted the public about how fraudsters pull off stock market investment scams and shared important tips for citizens to stay safe.
-
ONDC Framing Mechanism to Ensure Rule Compliance by Entities Involved
Government-promoted Open Network for Digital Commerce (ONDC) is framing a mechanism to ensure compliance with its rules by entities involved in online retail trading, a senior official said on Thursday. The ONDC aims to promote an open platform for all aspects of e-commerce retail. It would help small retailers expand their business through e-comme...
-
Robinhood Lists First Stablecoin in Circle's USDC to Expand Offerings
Online broker Robinhood has added Circle’s USDC stablecoin to its crypto offerings for retail traders. Users will now be able to transfer the stablecoin from the Polygon and Ethereum networks.
-
Twitter Shareholders to Vote on Elon Musk’s $44 Billion Takeover Offer in September: Details
Twitter has announced it will hold a shareholder meeting on September 13 to vote on the $44 billion (roughly Rs. 3,51,450 crore) takeover offer from Elon Musk. The microblogging platform’s board has unanimously recommended that shareholders vote, in person or online, in favour of Musk buying the company for $54.20 (roughly Rs. 4,300) per share ...
-
Alibaba Beats Revenue Estimates Amid COVID-19 Lockdown in China
Alibaba Thursday beat expectations for fourth-quarter revenue due to growing demand for some of its niche online shopping services in China as the country faces COVID-19 lockdown. The company, however, said it would not issue a forecast for the new fiscal year, citing pandemic-related risks and uncertainties.
-
Tencent Opposes US Fake Goods Label for WeChat
WeChat parent Tencent has expressed a strong disagreement with a US Trade Representative (USTR) decision to add WeChat to a list of notorious markets known for trade in counterfeit goods.
-
Amazon, Flipkart Invited by Indian Traders’ Body to Discuss E-Commerce Issues
Amazon and Flipkart, among other players have been invited for a joint discussion by the Confederation of All India Traders (CAIT) on Thursday. The meeting will be aimed to discuss the ongoing issues around online trade in the country and make recommendations on the e-commerce policy. Reliance, Tata, and Facebook are among other companies that are ...
-
Amazon Says US FTC Should Take New Chair Lina Khan Off Its Cases
Amazon filed a petition asking for Federal Trade Commission (FTC) Chair Lina Khan to be recused on antitrust matters related to the online retail giant, according to documents filed with the agency.
-
Delhi Allows Home Delivery Of Alcohol. Conditions Apply
The Delhi government has allowed the home delivery of liquor through mobile apps or websites under the amended excise rules governing the trade of alcohol in the national capital.
-
Bitcoin 'On the Verge' of Being More Widely Accepted, Says Tesla CEO Elon Musk in Clubhouse Voice Chat
Tesla and SpaceX CEO Elon Musk said on Monday that he was a supporter of Bitcoin and that the most popular cryptocurrency was “on the verge” of being more widely accepted. Musk made the statement on a Clubhouse voice chat that drew thousands of listeners. The billionaire entrepreneur also interviewed Vladimir Tenev, co-founder of online stock b...
-
Government Said to Tell US That Digital Tax on Google, Amazon Isn't Biased
India’s decision to levy a tax on companies offering digital services in the country is not aimed at any particular country and the decision will not be reconsidered, people with knowledge of the matter said.
-
E3 2020 Cancelled Over Coronavirus Concerns, Online Announcements Being Explored
Entertainment Software Association (ESA) has cancelled the 2020 edition of E3 over concerns arising out of the coronavirus outbreak and is now exploring the route of online announcements from members.
