Meta, in March, removed clusters of scam activity totalling over 23,000 Facebook Pages and accounts that primarily targeted people in Brazil and India, the social media giant said on Wednesday. Explaining the modus operandi, Meta said the scammers used deepfakes, among other techniques, falsely depicting popular personal finance content creators, cricket players and business figures in Brazil and India, endorsing scam investment apps and gambling websites. The scammers redirected people to messaging apps for 'investment advice' and, in some cases, to a fake website that mimicked the Google Play store to download scam gambling apps. "In March, Meta removed multiple clusters of scam activity totalling over 23,000 Facebook Pages and accounts that primarily targeted people in Brazil and India," Meta said in a release. Under Meta's ongoing efforts to promote scam awareness, the company shared insights and handy tips to help people identify and safeguard themselves against common investm
Short-duration debt funds have gained popularity among investors for their ability to provide accrual income and their moderate sensitivity to interest rate changes
The circular is expected to provide retail investors access to registered and approved algos, ensuring their interests are protected
BYD, in partnership with a local firm, submitted a $1 billion investment proposal last year to build electric vehicles in India. But New Delhi is yet to approve the plan
Prosus has invested around $500 million in Byju's over the years. Other Indian startups in Prosus' portfolio include Swiggy, Meesho, and Eruditus
According to the company's DRHP, it sources parts such as trims, engines and transmissions, and materials such as steel from a combination of domestic and foreign suppliers
Suven Pharmaceuticals on Thursday said it will acquire 67.5 per cent stake in Hyderabad-based Sapala Organics for Rs 229.5 crore. The company, which is one of the country's largest integrated contract development and manufacturing organisation players, has entered into a definitive agreement for investment in Sapala Organics, it said in a regulatory filing. Suven will acquire a 67.5 per cent stake for a consideration of Rs 229.5 crore, subject to customary working capital and net debt adjustments, it added. The company stated that it expects to complete the acquisition of the remaining equity stake in the target firm after FY2026-27, subject to the completion of customary closing conditions. Sapala has a presence in the fast-growing, Oligo and nucleic acid building blocks segment. "We see massive potential given it's a niche technology in the rapidly growing space. Nucleic acid based therapy targets diseases at a genetic level and has the potential to help patients immensely and c
"Lack of asset diversification coupled with geographical concentration"
Investors should emulate animals and make each investment choice as if their lives depended on it, argues a new book
Financial entities have to be far more agile while assessing risks. The use of emerging technologies can help them anticipate a wider range of risks in a shorter time
Sebi has further improvised the risk-o-meter, which will have six levels, up from five. The labels now range from 'low' to 'very high risk'
JPMorgan has flagged 'religious and border disputes' as risks for its India investments