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The internet has revolutionised our lives, offering convenience and connectivity at our fingertips. With the rapid adoption of digital payments in India, fraudsters have evolved their tactics, devising new scams to exploit the growing user base. Several <keyword id="20182215" type="General" weightage="20" keywordseo="online-scams" source="keywords">online scams</keyword> have been reported in India over the past few months, from the standard UPI refund scams to unbelievable scams such as the digital arrest scams. Here's a look at some prevalent online scams and how to protect yourself: <h2><keyword id="23629952" type="General" weightage="20" keywordseo="UPI-refund-scam" source="keywords">UPI refund scam</keyword></h2>UPI refund scam is one of the most common online scams these days. It involves a person sending the victim money and then claiming that it was accidentally sent. The scammer then asks the victim to refund the money, often using excuses such as emergency hospitalisations or other important expenses. If the victim refunds the money, the scammer then contacts their bank and reverses the initial transaction, resulting in the victim losing money. How to protect yourself from UPI refund scams: <ul><li>Do not resend the money if someone claims they have “accidentally” sent you money.</li><li>If you receive money from an unknown source, contact your bank immediately.</li><li>If someone says they have sent you money, ask them to contact their bank to get a refund.</li></ul><h2><keyword id="19939895" type="General" weightage="20" keywordseo="phishing-scams" source="keywords">Phishing scams</keyword></h2>Phishing scams have been around for a long time, but they have become more sophisticated in the digital age. Fraudsters often impersonate reputable companies, sending fake emails, messages, or even websites that look almost identical to the real ones. These messages typically contain a sense of urgency—such as a warning that your account is about to be blocked or that you've won a prize. Once you click on the link, you’re directed to a fake site that prompts you to enter your personal information, including login credentials and payment details. This data is then used to steal money or compromise your identity. How to protect yourself from phishing scams: <ul><li>Be sceptical of unexpected messages or emails, even if they seem to come from trusted sources.</li><li>Check the URLs of websites carefully. Scammers often use misspelt URLs that are designed to look legitimate.</li><li>Never share your personal or financial information without verifying the authenticity of the request.</li></ul><h2><keyword id="23629953" type="General" weightage="20" keywordseo="SIM-swap-scam" source="keywords">SIM Swap scam</keyword></h2>As the name suggests, a SIM swap scam basically involves the scammer getting access to your SIM, either with the help of someone at the mobile service provider or through other means. The scammer often convinces the network provider to activate a SIM card they possess, gaining control of the victim’s phone number. This allows the scammer to gain access to all calls and text messages that the victim may receive, which is important in this day and age where all accounts are linked to your phone number. Once the scammer gets access to the victim’s phone number, they use it to gain access to their bank account and steal money. How to protect yourself from SIM swap scam: <ul><li>If your SIM stops working, immediately inform the telecom operator.</li><li>Make use of a SIM lock, which prevents your SIM from being used on another smartphone without entering a password.</li><li>Avoid sharing personal information online, especially things which can make it easier to crack your passwords.</li><li>Keep track of your accounts and report any unauthorised transactions.</li></ul><h2><keyword id="20415709" type="General" weightage="20" keywordseo="online-shopping-scams" source="keywords">Online Shopping Scams</keyword></h2>Beware of fake online stores offering unbelievable deals. These websites might steal your payment information or deliver counterfeit or non-existent products. These websites often advertise unbelievable deals to lure in unsuspecting customers, either with the intention of stealing their data or selling substandard products. How to stay safe: <ul><li>Shop from reputable websites. Look for customer reviews and secure payment gateways.</li><li>Be cautious of prices that seem too good to be true.</li><li>Use a credit card for online purchases. It offers better fraud protection than a debit card.</li></ul><h2>The "Digital Arrest" scam</h2>In this chilling scam, fraudsters impersonate law enforcement officials. They may claim you're involved in illegal activities and threaten you with a "digital arrest" or legal action. To avoid this, they'll demand payment or personal information. Victims are often coerced into making payments via UPI or other digital means. The sense of urgency and fear of legal consequences often compels people to act without verifying the legitimacy of the claim. How to avoid: <ul><li>Know your rights: Law enforcement agencies will never demand payment or personal information over the phone or online. </li><li>Verify identities: If you receive such a call, hang up and directly contact the relevant authorities to verify the claim.</li></ul><h2><keyword id="23629954" type="General" weightage="20" keywordseo="KYC-scam" source="keywords">KYC scam</keyword></h2>With the increased demand for KYC (know your customer) updates across digital platforms, fraudsters are taking advantage by posing as bank or telecom representatives. They often claim that your account will be blocked if you don’t update your KYC details immediately. Victims are then asked to share their Aadhaar number, PAN, or other personal details via a fraudulent link or over a call. In some cases, they also ask users to complete the process through UPI apps, stealing money from their accounts during the process. How to avoid it: <ul><li>Banks and financial institutions never ask for personal details over a call, message, or link.</li><li>Always update KYC details through official channels, like the bank’s app or website.</li><li>If you receive a suspicious KYC request, report it to your bank’s customer service immediately.</li></ul>SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/waaree-energies-to-afcons-infrastructure-ipos-to-look-out-for-this-week/articleshow/114421377.cms">Waaree Energies to Afcons Infrastructure, IPOs to look out for this week</a> <a href="https://www.businessinsider.in/personal-finance/news/best-credit-cards-for-online-shopping-in-india/articleshow/114354358.cms">Best credit cards for online shopping this festive season</a> <a href="https://www.businessinsider.in/stock-market/news/bigger-they-are-harder-they-fall-a-look-at-how-the-countrys-biggest-ipos-have-fared/articleshow/114307997.cms">Bigger they are, harder they fall – A look at how the country’s biggest IPOs have fared</a>

UPI refund to digital arrest scam, here are some online scams you need to be aware of

<ul><li>A man from Pune has reportedly lost ₹2.1 crore to a <keyword id="20049228" type="General" weightage="100" keywordseo="fake-investment-scam" source="Orion">fake investment scam</keyword>.</li><li>The victim reportedly joined an investment group after noticing an advertisement on a social media platform.</li><li>The invested amount includes a loan of ₹70 lakh and proceeds from sale of property.</li></ul> In yet another online scam, a Pune man reportedly lost a huge amount in a new <keyword id="4505806" type="General" weightage="20" keywordseo="fake-investment" source="Orion">fake investment</keyword> scam. A 45-year-old clinical researcher has reportedly lost ₹2.1 crore over the span of a month. According to a<a href="https://indianexpress.com/article/cities/pune/pune-researcher-loses-rs-2-1-crore-to-cyber-fraud-9090110/"> report</a> by The Indian Express, the victim fell prey to a fake <keyword id="903234" type="General" weightage="20" keywordseo="investment-scam" source="Orion">investment scam</keyword>, where the scammers used the name of a well-known US-based venture capital fund to deceive the victim. The victim has registered a complaint with the Wakad police station in Pimpri-Chinchwad, Pune. <cmsannotation type="cmsannotation" annotationid="What is the fake investment scam?" comment="subhead" text="What is the fake investment scam?">What is the fake investment scam?</cmsannotation> The victim started investing in the stock market in 2023 as he was working from home. In November 2023, the victim came across an advertisement on a social media platform. In this advertisement, a share market investment platform was advertised and the name of a well-known venture capital firm based out of the US was mentioned alongside. The platform offered online tutorials for share market investment and promised to help the victim build a good investment portfolio. When he clicked the ad, the victim was redirected to a WhatsApp group, which he joined. The admins of the group then shared online tutorials and guides for investment. The members were also encouraged to join the company’s platform for investment. The victim was then directed to download an application on their phone and then asked to make large investments on the application. Over the next few weeks, the victim reportedly transferred ₹2.15 crore to the platform to make investments. This includes money received from sale of property and loans worth ₹70 lakh taken for investments. The victim was then reportedly asked to invest an additional ₹4.33 crore in an initial public offering (IPO) of an oil company. When the victim was unable to do so, he was informed that his initial investment had been frozen. The victim then tried to call the numbers that he had communicated with on WhatsApp, but was unable to do so. Upon further investigation, he found that the platform had no connection to the venture capital fund. Upon realising this, the victim approached the police, who found the fraudsters had created fake social media profiles to scam the victim. Initial investigation has revealed that the fraudulent accounts are located in Delhi, Mumbai, Noida, Rajasthan and Telangana. <cmsannotation type="cmsannotation" annotationid="How to protect yourself from such scams" comment="subhead" text="How to protect yourself from such scams">How to protect yourself from such scams</cmsannotation> Here are some ways you can protect yourself from such scams – <ul><li>Do not click on investment advertisements you see on social media or other websites. If possible, report them to the platform.</li><li>Do not join groups on social media platforms if you do not know the person or the organisation running it.</li><li>Avoid dealing with unknown platforms offering high return on investments.</li><li>Use well-known and reliable platforms to invest in the stock market.</li><li>Do not invest in unknown platforms without proper verification.</li></ul> SEE ALSO: <a href="https://www.businessinsider.in/finance/news/upi-in-2024-five-rule-changes-that-you-need-to-know/articleshow/106508333.cms">UPI in 2024 – Five rule changes that you need to know</a> <a href="https://www.businessinsider.in/tech/mobile/news/samsung-galaxy-s24-pre-reservation-starts-how-to-pre-book-benefits-and-more/articleshow/106505615.cms">Samsung Galaxy S24 pre-reservation starts – How to pre-book, benefits and more</a> <a href="https://www.businessinsider.in/tech/mobile/webstories/new-upcoming-smartphones-in-india-in-2024-apple-samsung-google-mobiles-in-the-list/slidelist/106489936.cms">Apple to Samsung and many more – smartphones set for launch in 2024</a>

Pune man loses ₹2 crore to fake investment scam – what it is and how to protect yourself

<ul><li>The phrase "<keyword id="14520" type="General" weightage="100" keywordseo="black-friday" source="Orion">Black Friday</keyword>" was first used by Philadelphia's police departments in the 1950s. </li><li>Black Friday primarily refers to the sales period during or right after <keyword id="32170" type="General" weightage="20" keywordseo="thanksgiving" source="Orion">Thanksgiving</keyword>, where brands go all guns blazing, claiming to offer heavily discounted prices online and offline. </li><li>Even in India, retailers are offering discounts on mobiles, apparel, white goods, electronics to name a few. </li></ul>A month before the arrival of <keyword id="6454936" type="General" weightage="50" keywordseo="santa-claus" source="Orion">Santa Claus</keyword>, and a day after Thanksgiving comes a day that’s very important to buyers and sellers alike – Black Friday. The day which kicks off the Christmas shopping season is known for its deep discounts, sales and product launches. The concept of having a sale on Black Friday originated from the United States – the country which celebrates Thanksgiving. But it wasn’t always associated with shopping. The phrase Black Friday was first used by Philadelphia's police departments in the 1950s to name the chaos that followed Thanksgiving. At that time, a football game would draw hundreds of suburban tourists into the city, which would be problematic for the police to control. However, there is another bleak reason why the phrase was coined. On Friday, September 24, 1869, plummeting gold prices dragged down the American stock markets, sending thousands into bankruptcy. “The crash was a consequence of an attempt by financier Jay Gould and railway magnate James Fisk to corner the gold market and drive up the price,” as per the <a href="https://www.britannica.com/story/why-is-it-called-black-friday">Encyclopedia Britannica</a>. Thankfully, currently Black Friday primarily refers to the sales period where brands go all guns blazing, claiming to offer heavily discounted prices on appliances, fashion, gadgets and more. This year, the Black <keyword id="15591763" type="General" weightage="50" keywordseo="friday-sale" source="Orion">Friday Sale</keyword> begins from Friday, November 25 and ends on Monday, November 28 - which also happens to be <keyword id="1461657" type="General" weightage="20" keywordseo="cyber-monday" source="Orion">Cyber Monday</keyword> i.e. when deals on electronic devices fall on the first Monday after Thanksgiving. Black Friday in India too India, which just got done with its own festive season sale lasting a month between September 22 to October 23, is also leaving no chance to jump onto the bandwagon. Amazon, Croma, TataCliq, Myntra, and Flipkart are some of the companies offering Black Friday deals. And, a large number of steep deals are being offered in the fashion category, especially for Western wear. TataCliq is offering up to <a href="https://www.tatacliq.com/black-friday-prebuzz?cid=af:homepage:RED+PIXELS+VENTURES+LIMITED:hasoffers:15032017">85% discount</a> for premium <a href="https://www.business-standard.com/article/companies/tata-cliq-luxury-plans-black-friday-sale-from-november-23-at-a-large-scale-122112100797_1.html">brands</a> like Kate Spade, Calvin Klein, Lacoste, <keyword id="226977" type="General" weightage="50" keywordseo="michael-kors" source="Orion">Michael Kors</keyword>, Aldo, <keyword id="15616962" type="General" weightage="50" keywordseo="dune-london" source="Orion">Dune London</keyword>, Hoka. H&amp;M is offering 30% off on Black Friday and other brands like <keyword id="4291829" type="General" weightage="50" keywordseo="zara-india" source="Orion">Zara India</keyword>, <keyword id="567332" type="General" weightage="50" keywordseo="puma-india" source="Orion">Puma India</keyword>, Adidas are also offering at least 40% discounts on its products, both online and offline. Myntra Black Friday haul is between November 25-27 presenting discounts of flat 70% on 1.5 lakh styles with brands like Mango, Marks &amp; Spencer and more. Retailers and brands both are offering deals in electronics too. Noise (smartwatches, Airpods), Steam and PlayStation are offering deals on gaming equipment and offers on PC gaming titles. Croma India will give discounts on white goods, home appliances, Apple MacBook (starts ₹77,090), iPads (starting at ₹25,000) and iPhones (starting at ₹56,990) at discounted prices. It began its Black Friday sale from 18 November which will conclude on 27 November. Flipkart is kickstarting its Black Friday deals from November 25, offering 50-inch smart TVs beginning from ₹23,999. List of companies offering Black Friday and Cyber Monday Sales in India: <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Company </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Duration of Black Friday Sales 2022 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Myntra Black Friday Haul 2022 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">November 25-27 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Croma Darkest Black Friday Sale </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">November 18-27 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Tata CliqLuxury Black Friday Sale 2022 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">November 23-28 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Noise Black Friday Sale 2022 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">November 22-25 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Flipkart Black Friday Sale 2022 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">November 25-30 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Adidas India Black Friday Sale </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">November 25-27 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Puma Black Friday Sale </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">November 25-28 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Zara Black Friday Sale </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">November 25-28 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">H&amp;M Black Friday Sale </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">November 25 </td></tr></tbody></table> Too Good to be true? Recheck deal, says FBI With sales come scams, and this time dark entities are doing the rounds on the web looking to cash in on the festive fervour to shop online. The Federal Bureau of Investigation or FBI has given a warning on frauds that are lurking in the guise of offers. It is essential to check the official legitimacy of websites, according to Jeffrey R Downey, Special Agent in Charge of the FBI El Paso Field <a href="https://www.gadgetsnow.com/tech-news/planning-to-shop-in-blackfriday-and-cyber-monday-sales-fbi-has-a-warning/articleshow/95753579.cms">Office</a>. In addition, fake social media surveys during sale festivities are opening gateways to mine personal information. Fraudulent gift cards, unverified donations to charity organisations online, fake job postings, offers for free smartphones are some other ways unassuming customers are tricked. (with inputs from ANI) SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/adani-to-raise-rs-20000-cr-through-fresh-share-issue/articleshow/95764529.cms">Adani to raise Rs 20,000 cr through fresh share issue</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/uniparts-indias-836-crore-ipo-to-open-on-november-30/articleshow/95764556.cms">Uniparts India’s ₹836 crore IPO to open on November 30</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/a-year-after-market-debut-paytm-is-the-worst-performer-among-recent-large-ipos-cartrade-policybazaar-and-lic-join-the-party/articleshow/95762071.cms">A year after market debut, Paytm is the worst performer among recent large IPOs – Cartrade, Policybazaar and LIC join the party</a>

Black Friday: The sales, scams and myths

<ul class="summary-list"><li>Cryptocurrency is less regulated than other assets, which can lead to scams, fraud, and financial ruin.</li><li>There are various forms of crypto market manipulation, including pump-and-dump schemes and rug pulls.</li><li>Investors can avoid several common crypto scams by performing thorough due diligence before trading.</li></ul>A <a href="https://www.businessinsider.com/what-is-cryptocurrency" target="_blank" rel="noopener">cryptocurrency</a> is a digital token that can be exchanged for goods and services. But many retail investors and institutions treat cryptos as investments instead of means of exchange, buying certain coins and hoping to sell them for a profit at a later date. But investors must be careful before dabbling in these widely misunderstood assets. Cryptocurrencies are <a href="https://www.businessinsider.com/what-is-speculation" target="_blank" rel="noopener">speculative</a> by nature. They lack traditional fundamentals that investors can analyze and assign value to. As a result, cryptos tend to be <a href="https://www.businessinsider.com/what-is-volatility" target="_blank" rel="noopener">volatile</a> assets — their prices can drastically fluctuate on any given day. Crypto markets are also less regulated in general, so it's easier for bad actors to maliciously influence prices and take advantage of unsuspecting investors. For these reasons, investors should be wary of the following crypto scams before they <a href="https://www.businessinsider.com/how-to-buy-cryptocurrency" target="_blank" rel="noopener">start investing in crypto</a>. <h2>1. Market manipulation</h2>Market manipulation is the deliberate attempt to artificially influence or interfere with asset prices. Typically, scammers manipulate markets to tip the scales in their favor and make quick returns. Several illicit trading activities fall under this umbrella term, including:<ul><li>Spoofing: This creates an illusion of momentum by placing fake buy or sell orders, which are canceled before they're filled. Scammers frequently use dummy accounts and bots to place large trades, giving other investors the impression that demand is either increasing or decreasing. </li><li>Front-running: This is the practice of making trades based on knowledge of future transactions. For instance, miners or node operators can have insight into pending trades. They could then <a href="https://www.businessinsider.com/leverage" target="_blank" rel="noopener">leverage</a> their inside access to make profitable trades ahead of major price <a href="https://www.businessinsider.com/what-is-swing-trading" target="_blank" rel="noopener">swings</a>. </li><li>Churning: This is excessive trading by a broker in a client's crypto account to generate additional commissions. Asset management firms can receive fees for managing crypto holdings. Therefore, nefarious <a href="https://www.businessinsider.com/what-is-broker" target="_blank" rel="noopener">brokers</a> could abuse a commission-based payment structure to profit off of unaware clients. On top of unwarranted fees, the impacted individuals could also incur unnecessary tax liabilities as a result of churning. </li></ul>Since cryptocurrency markets are still relatively new and less regulated, they're more vulnerable to market manipulation. However, there are ways crypto traders can avoid falling victim to these scams. For starters, it's best to trade on larger, reputable exchanges that have established security policies and internal controls. Additionally, investors can safeguard against unlawful tactics in the crypto markets by thoroughly researching coins, brokers, and exchanges before making any financial decisions. For instance, legitimate cryptos and companies typically offer potential investors an abundance of learning materials on their websites.Quick tip: Although plenty of investors day trade crypto, market manipulation usually impacts short-term trading activity. So, you can help protect against spontaneous price jumps by adopting a long-term outlook, otherwise known as "HODL-ing." This stands for "hold on for dear life" and encourages a <a href="https://www.businessinsider.com/buy-and-hold" target="_blank" rel="noopener">buy-and-hold investing strategy</a>.<h2>2. Pump-and-dump schemes</h2>A pump-and-dump scheme represents an individual or group's effort to <a href="https://www.businessinsider.com/what-is-inflation" target="_blank" rel="noopener">inflate</a> the price of an asset so that they can sell their own holdings for a profit. It starts with the "pump." To convince people to buy in, crypto schemers spread false or misleading information about minimally traded coins through social media, forums, and online communities. These posts often contain embellished due diligence (or "DD") and promise an impending surge. They'll use emojis like rocket ships paired with moons and diamonds alongside outstretched hands, implying an investment is about to pop and that investors should buy and hold. Then comes the dump. As momentum swells, other investors cash in and drive the price up, while the schemers cash out and make a quick fortune. Once the market realizes the hype was fake, investors scurry to limit losses and the coin's price plummets.Spotting a pump-and-dump scheme boils down to credibility. If you use social media platforms like Reddit and Twitter to track crypto movements, look out for anonymous accounts with minimal posting history — or a track record of baseless pumping. These are likely fraudsters. <h2>3. Rug pulls </h2>A rug pull occurs when crypto developers abandon a project but keep the funds raised from investors. Bad actors can list a new token on a decentralized exchange, pair it with a legitimate cryptocurrency, and drum up interest on social media to lure in investors. Once enough money funnels into their token, the developers scratch the project and run with investor funds. This scam plagues early investors who think they're getting early access to up-and-coming cryptos, when in reality they're scammed out of their money. "If it sounds too good to be true, it probably is," explains Shaun Heng, the VP of Growth &amp; Operations at <a href="https://coinmarketcap.com/" target="_blank" rel="noopener">CoinMarketCap</a>, one of the most frequented websites for tracking crypto prices."Pay close attention to the websites and third parties involved. Don't rely on comments from anyone on social media, no matter what people are saying or how many positive reviews there are. If you can't find verifiable reviews, the chances of the opportunity being a scam are higher," Heng adds.Quick tip: By sticking to centralized cryptocurrency exchanges, which typically have stricter oversight and regulations, you have a better chance of avoiding illegitimate projects. <h2>4. Traditional hacking and theft </h2>Crypto markets have unique characteristics relative to other asset markets. But investors are still susceptible to traditional scams like account hacks and identity theft. To trade crypto, investors need a <a href="https://www.businessinsider.com/crypto-wallet" target="_blank" rel="noopener">crypto wallet</a>, which can be a digital or physical device. These wallets have keys — both public and private. The former is a public address that allows crypto to be deposited into the wallet, similar to how routing and bank account numbers enable direct deposits. The latter is like the password to an online banking platform. Whoever has access to that password can control the funds within the account. Just as you wouldn't share your credit card number with a stranger, keep your private keys somewhere safe. Fraudsters can use this information to hack accounts and withdraw funds — and they'll employ various tricks to get investors to reveal their private information. Be cautious of crypto phishing emails that may pose as a crypto exchange or wallet provider. The same goes for out-of-the-blue and unsolicited promotions from suspicious websites and imposter accounts. Scammers often pretend to be celebrities or affiliates of major companies, promising guaranteed and immediate returns if you act quickly. Quick tip: To avoid accidentally falling for phishing emails, verify that the sender's email address is valid and/or recognizable. Often, scammers use addresses with generic domains and random characters.<h2>5. Initial coin offering (ICO) scams</h2>An initial coin offering (ICO) is the crypto equivalent of an <a href="https://www.businessinsider.com/what-is-ipo" target="_blank" rel="noopener">initial public offering</a> (IPO) for a stock. Through an ICO, companies can raise money to fund a crypto development, such as a token, app, or relevant service. In exchange for pledging funds, the investor receives an issuance of newly minted coins. While IPOs are typically for well-established private businesses, companies that pursue ICOs aren't necessarily in the same position. They could be fledgling startups without any operating history whatsoever, which can make it difficult to differentiate between a real offering and a scam. Similar to rug pulls, ICO scams collect the funds of early investors only to abandon the project shortly after. An easy way to recognize an ICO scam — or simply an unprepared management team — is to review the company's whitepaper. This document details the specifications behind the project, including strategy, goals, and market analysis. If the company doesn't provide a whitepaper, that's a red flag. Quick tip: You can perform a background check on the ICO's developers and management team. If the company's ownership is anonymous or has a minimal track record in the crypto space, that should also be a cause of concern.<h2>The financial takeaway</h2>Decentralized finance can be a Catch-22. On one side, the lack of a singular governing body allows community-wide decisions and can open the doors to additional opportunities. On the other side, without standardized oversight, bad actors can commit fraud and deceive unsuspecting investors in a variety of ways. However, much like in traditional asset markets, crypto investors can lower their risk of succumbing to market manipulation by being wary of these schemes and taking proactive measures. That includes using reputable exchanges and performing thorough research before making any investment decisions. If you come across a scam, you can report it to the Federal Trade Commission at <a href="https://reportfraud.ftc.gov/#/?pid=B" target="_blank" rel="noopener">ReportFraud.ftc.gov</a>.

5 crypto scams to know before you start trading coins

New Delhi, As cyber<keyword id="6375169" type="UNKNOWN" weightage="20" keywordseo="attacks">attacks</keyword> grow in magnitude globally including in India, cyber criminals now prefer to use <keyword id="8763838" type="UNKNOWN" weightage="20" keywordseo="covid-19">Covid-19</keyword> in scamming attacks that focus on fake cures and donations, compromising <keyword id="553798" type="PERSON" weightage="20" keywordseo="email-accounts">email accounts</keyword> in <keyword id="1167259" type="PERSON" weightage="20" keywordseo="Indian-organisations">Indian organisations</keyword>. In fact, 72% of Covid-19-related attacks today are scamming or spear-phishing which is the fraudulent practice of sending emails ostensibly from a known or trusted sender in order to induce targeted individuals to reveal confidential information. In comparison, 36% of overall attacks were found coming from scammers. "Nearly 13 per cent of all spear-phishing attacks come from internally compromised accounts, so organisations need to invest in protecting their internal email traffic as much as they do in protecting from external senders," according to the report from cloud-enabled <keyword id="10464590" type="UNKNOWN" weightage="20" keywordseo="security-solutions-provider-barracuda-networks">security solutions provider Barracuda Networks</keyword>. Business email compromise (BEC) attacks are increasing as cybercriminals see how lucrative this type of attack can be. Attackers' exploitation of fears around the COVID-19 pandemic shows how quickly they can adapt to current events. "A massive 71% of spear-phishing attacks include malicious URLs, but only 30% of BEC attacks included a link," the findings showed. "<keyword id="11094" type="PERSON" weightage="20" keywordseo="Hackers">Hackers</keyword> using BEC want to establish trust with their victims and expect a reply to their email, and the lack of a URL makes it harder to detect the attack". According to Murali Urs, Country Manager (India), Barracuda Networks, cybercriminals adapt very quickly when they find a new tactic or current event that they can exploit. "Their response to the Covid-19 pandemic proved it too well. The organisations in India today are facing increasing threats from highly-targeted phishing attacks," he said. Hackers are using multiple tactics to disguise malicious links and avoid detection by URL protection solutions. The report took an in-depth look at new tricks being used to successfully execute attacks -- spear phishing, business email compromise, pandemic-related scams, and other types. "Business email compromise (BEC) makes up 12% of the spear-phishing attacks analysed, an increase from 7% in 2019," the report said. "The organisation must invest in technology to block attacks and provide training to help people act as a last line of defense and avoid falling victim to scammers' latest tricks," said Urs. SEE ALSO: <a href="https://www.businessinsider.in/tech/enterprise/news/wistron-apple-iphone-manufacturer-could-face-these-penalties-if-found-guilty/articleshow/79790319.cms">If investigators find Wistron management guilty, here's what is at stake for the company</a> <a href="https://www.businessinsider.in/stock-market/news/heres-what-analysts-say-if-you-should-subscribe-or-not-to-the-300-crore-ipo-of-antony-waste-handling-cell/articleshow/79790998.cms">Antony Waste Handling Cell ₹300-crore IPO will open on Monday— these are the risks and opportunities</a> <a href="https://www.businessinsider.in/business/news/ikea-india-cfo-says-she-still-has-3500-crore-to-be-spent-in-india-the-pandemic-has-changed-targets-but-not-the-investment-plan/articleshow/79790938.cms">INTERVIEW: Ikea CFO says she still has ₹3,500 crore to be spent in India⁠— the pandemic has changed targets but not the investment plan</a>

72% of cyberattacks related to COVID-19 coming via fake emails

<ul><li>SII chairperson Cyrus Poonawalla emphasised that a third booster shot of <keyword id="8904563" type="UNKNOWN" weightage="20" keywordseo="covid-19-vaccine">COVID-19 vaccine</keyword> is a “must” for people with weak immune systems.</li><li>The US government last week approved the third dose of Pfizer-BioNTech and Moderna COVID-19 vaccines for people with weakened immune systems.</li><li>Meanwhile, <keyword id="6366244" type="UNKNOWN" weightage="20" keywordseo="who">WHO</keyword> and SII have confirmed the existence of fake Covishield vials in India and Africa.</li></ul><keyword id="242973" type="ORGANIZATION" weightage="20" keywordseo="Serum-Institute">Serum Institute</keyword> of Indi's (SII) chairperson Cyrus Poonawalla has said that a third shot or a ‘booster dose’ of COVID-19 vaccine is desirable six months after taking the second dose of the vaccine. This is especially a “must” for those with weak immune systems, news agency PTI reported. SII makes India's primary COVID-19 vaccine, locally known as Covishield. Poonawalla also revealed that he, along with 7,000 employees of SII, have already taken the third dose of the COVID-19 vaccine as a precautionary measure. “After six months, the antibodies go down and that is why I have taken the third dose. We have given the third dose to our seven to eight thousand SII employees. For those who have completed the second dose, it is my request to take a booster dose (third dose) after six months,” Poonawalla said. This development comes a week after the government of the United States (US) <a href="https://www.reuters.com/business/healthcare-pharmaceuticals/who-is-eligible-third-covid-19-vaccine-dose-us-2021-08-15/">approved</a> the third/booster shot of Pfizer-BioNTech and Moderna vaccines for people with weakened immune systems. Now, Pfizer and BioNTech have also <a href="https://www.cnbc.com/2021/08/16/covid-vaccine-booster-shot-pfizer-submits-data-to-fda-for-approval.html">submitted</a> preliminary clinical data — evaluating the safety and efficacy of a third shot — to US health authorities to seek authorisation for a third dose of COVID-19 vaccine for all Americans and not just the ones with weakened immune systems. "The data we've seen to date suggest a third dose of our vaccine elicits antibody levels that significantly exceed those seen after the two-dose primary schedule,'' Albert Bourla, Pfizer’s chairperson and chief executive officer, said in a statement. The menace of fake vaccine vials continues Another major issue that has been surrounding the Indian vaccination drive has been the administration or availability of fake COVID-19 vaccines in India. The <keyword id="6356311" type="UNKNOWN" weightage="20" keywordseo="World-Health-Organisation">World Health Organisation</keyword> (WHO) has <a href="https://www.bbc.com/news/world-asia-india-58253488">identified</a> counterfeit versions of Covishield in India and Africa. As per the BBC report, the doses were seized by authorities in India and Africa between July and August. Even vaccine maker <keyword id="95879" type="ORGANIZATION" weightage="20" keywordseo="Serum-Institute-of-India">Serum Institute of India</keyword> has confirmed, to WHO, that the vaccine was fake. Multiple media reports, published in the past months, have also highlighted the existence of a vaccine scam in India under which victims were given saline water in lieu of the COVID-19 vaccine. Health minister of Maharashtra Rajesh Tope also <a href="https://www.indiatoday.in/cities/mumbai/story/mumbai-covid-vaccination-scam-victims-given-saline-water-antibody-test-first-week-july-1820847-2021-06-29">confirmed</a> the scam, and ensured that the victims would undergo antibody tests and will be administered with two doses of Covishield vaccine. Covishield is the local name of Oxford-AstraZeneca's COVID-19 vaccine and has been administered to more than 48.6 crore Indians, as per government data, as of August 17, 2021. SEE ALSO <a href="https://www.businessinsider.in/retail/news/a-third-of-internet-users-would-be-actively-shopping-online-by-the-end-of-this-decade-offline-retail-to-take-a-back-seat/articleshow/85390712.cms">A third of internet users would be actively shopping online by the end of this decade, offline retail to take a back seat</a> <a href="https://www.businessinsider.in/business/startups/news/with-pharmeasy-mobikwik-and-ixigo-all-set-to-hit-the-public-market-orios-plans-to-go-deeper-into-pre-ipo-bets/articleshow/85359703.cms">With PharmEasy, MobiKwik and ixigo all set to hit the public market, Orios plans to go deeper into pre-IPO bets</a> <a href="https://www.businessinsider.in/business/auto/news/tamil-nadu-government-is-upset-about-losing-money-on-luxury-cars/articleshow/85322536.cms">Tamil Nadu government is upset about losing money on luxury cars</a>

WHO confirms existence of fake Covishield vaccines in India; Serum Institute pushes for a booster shot

New York, A <keyword id="98892" type="ORGANIZATION" weightage="20" keywordseo="federal-court">federal court</keyword> has permanently shut down a US-based computer scam that preyed on elderly Americans using call centre operators in <keyword id="3658" type="LOCATION" weightage="20" keywordseo="India">India</keyword> resulting in losses of hundreds of thousands of dollars. In a statement on Tuesday, the <keyword id="67869" type="COMPANY" weightage="20" keywordseo="Department-of-Justice">Department of Justice</keyword> said that the court gave the <keyword id="3528317" type="PERSON" weightage="20" keywordseo="Permanent-injunction">permanent injunction</keyword> against Michael Brian Cotter and four <keyword id="22917" type="CITY" weightage="20" keywordseo="Companies">companies</keyword> barring them offering <keyword id="843005" type="PERSON" weightage="20" keywordseo="technical-support">technical support</keyword> through telemarketing and web sites following a joint operation by US authorities and India's Central Bureau of Investigation (CBI). The alleged fraudsters in some cases impersonated Microsoft, which brought cases to the attention of the Transnational Elder Fraud Strike Force., the <keyword id="6360339" type="COMPANY" weightage="20" keywordseo="department">Department</keyword> said. The Department had filed in October a request for the injunction against Cotter and the companies before the court in Miami, <keyword id="6357385" type="LOCATION" weightage="20" keywordseo="florida">Florida</keyword>, which is an area with a concentration of retirees, and a temporary injunction was granted immediately and was now made permanent. Acknowledging India's cooperation, Acting Assistant Attorney General Jeffrey Bossert Clark said: "The Department is grateful for the cooperation of foreign law enforcement, including India's CBI, in investigating, disrupting, and prosecuting technical-support fraud schemes and other schemes originating abroad and directed at the American public." The complaint said that Cotter allegedly worked with co-conspirators in India, but did not identify them. One of the companies mentioned in the complaint is registered in Singapore. The US federal government also took over 19 domain names like "assistmysoftware" and "helpforsoftware" that were used in the alleged scam to prevent their continued use. According to the Department of Justice's complaint, the alleged fraud involved causing pop-up messages to appear on computer screens purporting to be from Microsoft or other companies falsely claiming that the computers were infected with viruses and asking the users to call a phone number for help. When they called the number it was transferred to call centres in India from where the operators asked to access the computers and then claimed they had detected "non-existent" problems and charged them hundreds of dollars claiming falsely to fix fake issues on the computer, the complaint said. The Department said that since President Donald Trump signed the Elder Abuse Prevention and Prosecution Act (EAPPA) into law in October 2017, it has participated in hundreds of enforcement actions against scams targeting seniors. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/top-stocks-to-watch-sbi-hdfc-bank-wipro-ril-future-retail-tcs-jindal-stainless-upl-irctc-and-others/articleshow/80019871.cms">Top stocks to watch — SBI, HDFC Bank, Wipro, RIL, Future Retail, TCS, Jindal Stainless, UPL, IRCTC, and others</a> <a href="https://www.businessinsider.in/india/news/india-detects-14-new-cases-of-uk-covid-19-strain-putting-the-tally-at-20/articleshow/80020163.cms">India detects 14 new cases of UK COVID-19 strain, putting the tally at 20India detects 14 new cases of UK COVID-19 strain, putting the tally at 20</a> <a href="https://www.businessinsider.in/business/startups/news/2021-could-finally-be-the-year-of-indias-tech-ipos-as-startups-like-zomato-delhivery-policybazaar-head-for-the-public-markets/slidelist/80019978.cms">2021 could finally be the year of India’s tech IPOs as startups like Zomato, Delhivery, Policybazaar head for the public markets</a>

India's CBI helped US sleuths shut down a call centre scam that impersonated Microsoft at times

<ul><li>Authorities in the Indian city of Thane raided the offices of the <keyword id="6591672" type="ORGANIZATION" weightage="20" keywordseo="Money-Trade-Coin">Money Trade Coin</keyword> (<keyword id="49524" type="ORGANIZATION" weightage="20" keywordseo="MTC">MTC</keyword>) on Monday. </li><li>MTC advertises itself as a ‘safer’ and ‘superior alternative’ of storing wealth. </li><li>But, to the contrary, complaints have surfaced about MTC being a front for international fraud.</li></ul>When 2,500 people invest in a supposed <keyword id="6357017" type="DEFINITION" weightage="20" keywordseo="cryptocurrency">cryptocurrency</keyword> and in turn lose anywhere between ₹3 billion ($45 million) to ₹5 billion ($74 million), one can’t help but wonder whether or not the regulation would be a boon. But what it surely will do is provide clarity between legit ventures and fraudulent ones. Cryptocurrencies have never been considered to be a <a href="https://cointelegraph.com/news/why-is-the-cryptocurrency-market-so-volatile-expert-take">‘stable’</a> financial asset, but add fraud into the mix and things can get really complicated. And, that’s exactly what <a href="https://news.bitcoin.com/police-forces-bust-alleged-new-age-cryptocurrency-scam-in-india/">happened</a> in Thane, a city that lies on the periphery of Mumbai in the state of Maharashtra. The cryptocurrency racket Amit Lakhanpal, in collusion with four other people, launched a cryptocurrency called Money Trade Coin (MTC) at an Initial Coin Offering (<keyword id="236078" type="ORGANIZATION" weightage="20" keywordseo="ICO">ICO</keyword>) in <keyword id="6354539" type="UNKNOWN" weightage="20" keywordseo="Dubai">Dubai</keyword>. An ICO, in its essence, is similar to an Initial Public Offering (IPO) when a company goes public. MTC was initially valued at $3 (₹200) when it launched in 2017 with Lakhanpal <a href="https://news.bitcoin.com/police-forces-bust-alleged-new-age-cryptocurrency-scam-in-india/">allegedly</a> promising investors a 20-fold return on their buy-in within six months according to Param Bir Singh, the police commissioner in Thane. Soon enough, he raised the value of MTC to $6,000 (₹401,472). Cumulatively, with 2,500 people in the mix, that amounts to ₹5 billion. But, there was no way for them to sell any of the cryptocurrency or even make limited withdrawals. So, basically, people made an investment but couldn’t get to their returns, or even the principal amount. In fact, the scam only caught the attention of the authorities when a businessman and his colleagues finally complained that they could no longer get a response from the company with respect to their investments. According to the police, it was easy for Lakhanpal to get away with the scheme due to the portfolio he had created for himself, including a fake degree from an international university. Apparently, he launched a magazine that highlighted ‘inspirational quotes’ and images of famous celebrities as well as a book on cryptocurrency, which added to his profile. The <keyword id="6354335" type="ORGANIZATION" weightage="20" keywordseo="reserve-bank-of-india">Reserve Bank of India</keyword> (RBI) may be <a href="https://www.businessinsider.in/indian-cryptocurrency-exchanges-looking-for-leeway-from-rbi/articleshow/64453526.cms">imposing</a> a blanket ban on cryptocurrency exchanges, but that doesn’t necessarily mean that the people won’t participate if the opportunity were to present itself. That being said, the uncertainty and <a href="https://factordaily.com/cryptocurrency-last-legal-stand-in-india/">lack of clarity</a> on where the government of <keyword id="3658" type="COUNTRY" weightage="20" keywordseo="India">India</keyword> stands on the issue creates a problem. It’s not about whether to invest or not, but rather about whether or not it will create more of a controversy if its reported, for the victims.

Police bust an alleged ₹5 billion cryptocurrency scam in India

<keyword id="20805805" type="General" weightage="20" keywordseo="horror-comedy" source="keywords">Horror comedy</keyword> "<keyword id="20132930" type="General" weightage="20" keywordseo="Stree-2" source="keywords">Stree 2</keyword>", starring <keyword id="20089346" type="General" weightage="20" keywordseo="Rajkummar-Rao" source="keywords">Rajkummar Rao</keyword> and <keyword id="19993351" type="General" weightage="20" keywordseo="Shraddha-Kapoor" source="keywords">Shraddha Kapoor</keyword>, earned a whopping Rs 283 crore globally in gross <keyword id="19974572" type="General" weightage="20" keywordseo="box-office-collection" source="keywords">box office collection</keyword> in its opening weekend. According to production house <keyword id="20079737" type="General" weightage="20" keywordseo="Maddock-Films" source="keywords" meta.keywordsubtype="org" meta.entityname="Maddock Films" meta.hostid="261" meta.entityid="Maddock Films">Maddock Films</keyword>, the Hindi movie -- a sequel to 2018's "Stree" -- raised Rs Rs 240 crore (gross) in India and Rs 43 crore (gross) internationally. "Stree 2" collected Rs 204 crore in net box office collections in India, according to the banner's official X page. "The Box Office Juggernaut that's BREAKING and SHATTERING records! Thank you audience, for making it happen," the makers said in the post. Directed by <keyword id="20242160" type="General" weightage="20" keywordseo="Amar-Kaushik" source="keywords">Amar Kaushik</keyword>, "Stree 2" released in theatres on August 15 on the occasion of Independence Day. It also stars Abhishek Banerjee, Pankaj Tripathi, and Aparshakti Khurana. A direct sequel to "Stree", the new film follows Rao's Vicky and his friends along with the nameless mystery woman, played by Kapoor, face off against a new terror in the form of a ghost who only has a head, aptly called Sarkata. "Stree 2" is part of producer Dinesh Vijan's ambitious horror comedy universe that also includes titles like "Bhediya" and "Munjya". SEE ALSO: <a href="https://www.businessinsider.in/tech/mobile/news/google-pixel-9-pro-fold-launched-in-india-at-172999-but-you-cant-get-your-hands-on-it-right-now/articleshow/112517193.cms">Google Pixel 9 Pro Fold launched in India at ₹1,72,999, but you can’t get your hands on it right now</a> <a href="https://www.businessinsider.in/stock-market/news/ipo-scam-two-victims-from-hyderabad-lose-over-11crore-in-fake-ipo-scams/articleshow/112488051.cms">IPO scam – Two victims from Hyderabad lose over ₹11 crore in fake IPO scams</a> <a href="https://www.businessinsider.in/tech/news/indias-wearables-market-decline-for-the-first-time-as-smartwatch-shipments-fall/articleshow/112397246.cms">India’s wearables market decline for the first time as smartwatch shipments fall</a>

Stree 2 grosses ₹283 crore worldwide in first weekend

A group of paediatrics has written to the <keyword id="19905572" type="General" weightage="20" keywordseo="Maharashtra-government" source="keywords" meta.keywordsubtype="org" meta.entityname="Maharashtra government" meta.hostid="261" meta.entityid="Maharashtra government">Maharashtra government</keyword> urging it to stop giving sugary food items in <keyword id="22835936" type="General" weightage="20" keywordseo="school-midday-meals" source="keywords">school midday meals</keyword>. The Maha Academy of Paediatrics. in its letter to state school education minister Deepak Kesarkar, said such food items could result in <keyword id="19914811" type="General" weightage="20" keywordseo="children" source="keywords">children</keyword> becoming diabetic and obese. The letter cited the government's GR on serving rice pudding to children four times a week under the Pradhan Mantri Poshan Shakti Nirman Yojana (formerly known as midday meal scheme). "The GR mentions that 25 grams of sugar be added to the meals of students from Class I to V and 45 grams for students from Class VI to VIII," the letter said. "We need 25 grams of sugar per day. There are two types of sugar. One is added and the other is naturally present in food items. The students keep eating other food items throughout the day, which increases their sugar intake," Maha Paediatrics Association president Dr Ramgopal Chejara told PTI. "Adding 25 grams and 45 grams of sugar in these meals could make the children diabetic and obese. Our teams have visited schools. We have appealed to the government to stop giving such sugary food items," he said. Shiv Sena (UBT) leader Ambadas Danve too criticised the state government over this GR. The state government thinks the future generation is a factory to digest excess sugar, he said in a post on X. The Union government is imposing restrictions on ethanol production, while at the same time excess sugar is being given to schoolchildren, said Danve, who is Leader of Opposition in the Legislative Council. SEE ALSO: <a href="https://www.businessinsider.in/tech/mobile/news/google-pixel-9-pro-fold-launched-in-india-at-172999-but-you-cant-get-your-hands-on-it-right-now/articleshow/112517193.cms">Google Pixel 9 Pro Fold launched in India at ₹1,72,999, but you can’t get your hands on it right now</a> <a href="https://www.businessinsider.in/stock-market/news/ipo-scam-two-victims-from-hyderabad-lose-over-11crore-in-fake-ipo-scams/articleshow/112488051.cms">IPO scam – Two victims from Hyderabad lose over ₹11 crore in fake IPO scams</a> <a href="https://www.businessinsider.in/tech/news/indias-wearables-market-decline-for-the-first-time-as-smartwatch-shipments-fall/articleshow/112397246.cms">India’s wearables market decline for the first time as smartwatch shipments fall</a>

Stop giving sugary items in school midday meals, paediatric group urges Maharashtra govt

Former <keyword id="19899437" type="General" weightage="20" keywordseo="South-Africa" source="keywords">South Africa</keyword> pacer <keyword id="20046999" type="General" weightage="20" keywordseo="Morne-Morkel" source="keywords">Morne Morkel</keyword> has been appointed as the <keyword id="22501564" type="General" weightage="20" keywordseo="bowling-coach" source="keywords">bowling coach</keyword> of the <keyword id="19920401" type="General" weightage="20" keywordseo="Indian-team" source="keywords">Indian team</keyword> on Wednesday. Under the new regime of head coach <keyword id="19914485" type="General" weightage="20" keywordseo="Gautam-Gambhir" source="keywords">Gautam Gambhir</keyword>, Morkel has been named as the successor of previous bowling coach Paras Mhambrey. "South African pacer Morne Morkel appointed as new bowling coach of team India", Board of Control for Cricket in India (BCCI) Secretary Jay Shah told ANI. India and Karnataka bowler Vinay Kumar was also reported to be in contention to replace Mhambrey as team India's bowling coach. But Morkel has been appointed ahead of him. Morkel has previously worked with Gambhir during his time in the Indian Premier League (IPL) with Lucknow Super Giants. Morkel also served as the bowling coach of India's arch-rival Pakistan. He was appointed in June 2023 and left after the conclusion of the ODI World Cup in November last year. But he left six weeks before his contract was meant to expire. During his playing days, the 39-year-old was one of the tearaways in South Africa's star-studded pace bowling line-up. He made 86 Test appearances for the Proteas and claimed 309 wickets at an average of 27.7. In the ODI format, Morkel played 117 matches and scythed 188 wickets at an average of 25.3. In the shortest format of the sport, he made 44 appearances and claimed 47 scalps to his name at an average of 25.3. In India's recently conluded series against Sri Lanka, Gambhir's coaching staff included Abhishek Nayar and Ryan ten Doeschate as assistant coaches. T Dilip was retained as the fielding coach from the previous regime. (ANI) SEE ALSO: <a href="https://www.businessinsider.in/tech/mobile/news/google-pixel-9-pro-fold-launched-in-india-at-172999-but-you-cant-get-your-hands-on-it-right-now/articleshow/112517193.cms">Google Pixel 9 Pro Fold launched in India at ₹1,72,999, but you can’t get your hands on it right now</a> <a href="https://www.businessinsider.in/tech/mobile/news/pixel-9-pixel-9-pro-and-pixel-9-pro-xl-launched-in-india-starting-at-79999/articleshow/112512198.cms">Pixel 9, Pixel 9 Pro and Pixel 9 Pro XL launched in India starting at ₹79,999</a> <a href="https://www.businessinsider.in/stock-market/news/ipo-scam-two-victims-from-hyderabad-lose-over-11crore-in-fake-ipo-scams/articleshow/112488051.cms">IPO scam – Two victims from Hyderabad lose over ₹11 crore in fake IPO scams</a>

Former South Africa pacer Morne Morkel appointed bowling coach of the Indian team

<ul><li>The <keyword id="20632895" type="General" weightage="100" keywordseo="Indian-smartphone-market" source="keywords">Indian smartphone market</keyword> recorded a 7.2% <keyword id="19910261" type="General" weightage="20" keywordseo="growth" source="keywords">growth</keyword> in the first six months of 2024.</li><li>There was a 3.2% year-on-year growth in shipments in Q2 2024, with <keyword id="19936542" type="General" weightage="20" keywordseo="Vivo" source="keywords" meta.keywordsubtype="org" meta.entityname="Vivo" meta.hostid="261" meta.entityid="Vivo">Vivo</keyword> leading the market.</li><li>Online channels now command a market share of 50%, the highest ever.</li></ul>The Indian smartphone market recorded a 7.2% year-on-year growth in shipments in the first half of 2024, with 69 million smartphones shipped during the first six months. According to a report by the International Data Corporation (<keyword id="19950614" type="General" weightage="20" keywordseo="IDC" source="keywords" meta.keywordsubtype="org" meta.entityname="IDC" meta.hostid="261" meta.entityid="IDC">IDC</keyword>), Q2 2024 emerged as the fourth consecutive quarter to record growth in shipments. In Q2 2024, 35 million smartphones were shipped in the country, recording a 3.2% year-on-year growth. “The latter half of Q2 is a prelude to the crucial second half of the year with the festive sale period going up till November. Apart from old inventory clearance in the first half of the quarter, vendors also started to launch new smartphones, especially in the mid-premium/premium segment from mid-quarter onwards, for monsoon sales in July and August,” said Upasana Joshi, Senior Research Manager, Devices Research, IDC India. Vivo leads the market <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #374139 0.39999975pt;border-right:solid #49564c 0.39999975pt;border-bottom:solid #374139 0.39999975pt;border-top:solid #374139 0.39999975pt;vertical-align:middle;background-color:#49564c;padding:2pt 6pt 2pt 6pt;overflow:hidden;overflow-wrap:break-word;">Company </td><td style="border-left:solid #49564c 0.39999975pt;border-right:solid #49564c 0.39999975pt;border-bottom:solid #374139 0.39999975pt;border-top:solid #374139 0.39999975pt;vertical-align:middle;background-color:#49564c;padding:2pt 6pt 2pt 6pt;overflow:hidden;overflow-wrap:break-word;">Q2 2024 </td><td style="border-left:solid #49564c 0.39999975pt;border-right:solid #374139 0.39999975pt;border-bottom:solid #374139 0.39999975pt;border-top:solid #374139 0.39999975pt;vertical-align:middle;background-color:#49564c;padding:2pt 6pt 2pt 6pt;overflow:hidden;overflow-wrap:break-word;">Q2 2023 </td></tr><tr><td style="border-left:solid #374139 0.39999975pt;border-right:solid #cccccc 0.39999975pt;border-bottom:solid #cccccc 0.39999975pt;border-top:solid #374139 0.39999975pt;vertical-align:middle;background-color:#ffffff;padding:2pt 6pt 2pt 6pt;overflow:hidden;overflow-wrap:break-word;">Vivo </td><td style="border-left:solid #cccccc 0.39999975pt;border-right:solid #cccccc 0.39999975pt;border-bottom:solid #cccccc 0.39999975pt;border-top:solid #374139 0.39999975pt;vertical-align:middle;background-color:#ffffff;padding:2pt 6pt 2pt 6pt;overflow:hidden;overflow-wrap:break-word;">16.50% </td><td style="border-left:solid #cccccc 0.39999975pt;border-right:solid #374139 0.39999975pt;border-bottom:solid #cccccc 0.39999975pt;border-top:solid #374139 0.39999975pt;vertical-align:middle;background-color:#ffffff;padding:2pt 6pt 2pt 6pt;overflow:hidden;overflow-wrap:break-word;">16% </td></tr><tr><td style="border-left:solid #374139 0.39999975pt;border-right:solid #cccccc 0.39999975pt;border-bottom:solid #cccccc 0.39999975pt;border-top:solid #cccccc 0.39999975pt;vertical-align:middle;background-color:#f8f9fa;padding:2pt 6pt 2pt 6pt;overflow:hidden;overflow-wrap:break-word;">Xiaomi </td><td style="border-left:solid #cccccc 0.39999975pt;border-right:solid #cccccc 0.39999975pt;border-bottom:solid #cccccc 0.39999975pt;border-top:solid #cccccc 0.39999975pt;vertical-align:middle;background-color:#f8f9fa;padding:2pt 6pt 2pt 6pt;overflow:hidden;overflow-wrap:break-word;">13.50% </td><td style="border-left:solid #cccccc 0.39999975pt;border-right:solid #374139 0.39999975pt;border-bottom:solid #cccccc 0.39999975pt;border-top:solid #cccccc 0.39999975pt;vertical-align:middle;background-color:#f8f9fa;padding:2pt 6pt 2pt 6pt;overflow:hidden;overflow-wrap:break-word;">11% </td></tr><tr><td style="border-left:solid #374139 0.39999975pt;border-right:solid #cccccc 0.39999975pt;border-bottom:solid #cccccc 0.39999975pt;border-top:solid #cccccc 0.39999975pt;vertical-align:middle;background-color:#ffffff;padding:2pt 6pt 2pt 6pt;overflow:hidden;overflow-wrap:break-word;">Samsung </td><td style="border-left:solid #cccccc 0.39999975pt;border-right:solid #cccccc 0.39999975pt;border-bottom:solid #cccccc 0.39999975pt;border-top:solid #cccccc 0.39999975pt;vertical-align:middle;background-color:#ffffff;padding:2pt 6pt 2pt 6pt;overflow:hidden;overflow-wrap:break-word;">12.90% </td><td style="border-left:solid #cccccc 0.39999975pt;border-right:solid #374139 0.39999975pt;border-bottom:solid #cccccc 0.39999975pt;border-top:solid #cccccc 0.39999975pt;vertical-align:middle;background-color:#ffffff;padding:2pt 6pt 2pt 6pt;overflow:hidden;overflow-wrap:break-word;">15.70% </td></tr><tr><td style="border-left:solid #374139 0.39999975pt;border-right:solid #cccccc 0.39999975pt;border-bottom:solid #cccccc 0.39999975pt;border-top:solid #cccccc 0.39999975pt;vertical-align:middle;background-color:#f8f9fa;padding:2pt 6pt 2pt 6pt;overflow:hidden;overflow-wrap:break-word;">Realme </td><td style="border-left:solid #cccccc 0.39999975pt;border-right:solid #cccccc 0.39999975pt;border-bottom:solid #cccccc 0.39999975pt;border-top:solid #cccccc 0.39999975pt;vertical-align:middle;background-color:#f8f9fa;padding:2pt 6pt 2pt 6pt;overflow:hidden;overflow-wrap:break-word;">12.60% </td><td style="border-left:solid #cccccc 0.39999975pt;border-right:solid #374139 0.39999975pt;border-bottom:solid #cccccc 0.39999975pt;border-top:solid #cccccc 0.39999975pt;vertical-align:middle;background-color:#f8f9fa;padding:2pt 6pt 2pt 6pt;overflow:hidden;overflow-wrap:break-word;">12.60% </td></tr><tr><td style="border-left:solid #374139 0.39999975pt;border-right:solid #cccccc 0.39999975pt;border-bottom:solid #374139 0.39999975pt;border-top:solid #cccccc 0.39999975pt;vertical-align:middle;background-color:#ffffff;padding:2pt 6pt 2pt 6pt;overflow:hidden;overflow-wrap:break-word;">Oppo </td><td style="border-left:solid #cccccc 0.39999975pt;border-right:solid #cccccc 0.39999975pt;border-bottom:solid #374139 0.39999975pt;border-top:solid #cccccc 0.39999975pt;vertical-align:middle;background-color:#ffffff;padding:2pt 6pt 2pt 6pt;overflow:hidden;overflow-wrap:break-word;">11.50% </td><td style="border-left:solid #cccccc 0.39999975pt;border-right:solid #374139 0.39999975pt;border-bottom:solid #374139 0.39999975pt;border-top:solid #cccccc 0.39999975pt;vertical-align:middle;background-color:#ffffff;padding:2pt 6pt 2pt 6pt;overflow:hidden;overflow-wrap:break-word;">11% </td></tr></tbody></table> Source: IDC Vivo continued to lead the Indian smartphone market for the second quarter, with a market share of 16.5% in Q2 2024, up from 16% in Q2 2023. <keyword id="19901379" type="General" weightage="20" keywordseo="Xiaomi" source="keywords" meta.keywordsubtype="org" meta.entityname="Xiaomi" meta.hostid="261" meta.entityid="Xiaomi">Xiaomi</keyword> took the second position, with a market share of 13.5%, up from 11% in Q2 2023. Samsung took a big hit in Q2 2024, with its market share declining from 15.7% in Q2 2023 to 12.9% in Q2 2024. <h2><keyword id="20704187" type="General" weightage="20" keywordseo="5G-smartphones" source="keywords">5G smartphones</keyword></h2>The share of 5G smartphones in the overall smartphone shipments increased to 77% in Q2 2024, with 27 million 5G smartphones shipped during the quarter. In Q2 2023, the share of 5G smartphones in shipments was just 49%. The average selling price (ASP) of 5G smartphones has decreased to $293. The shipments to online channels grew by 8% year-on-year to reach 50% in Q2 2024, up from 47% in Q2 2023. Due to severe heatwave conditions in several parts of India, offline channel shipments declined by 2% year-on-year in Q2 2024. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/webstories/interarch-building-products-ipo-price-band-to-risk-factors-all-you-need-to-know/slidelist/112626468.cms">Interarch Building Products IPO – Price band to risk factors, all you need to know</a> <a href="https://www.businessinsider.in/tech/mobile/news/google-pixel-9-pro-fold-launched-in-india-at-172999-but-you-cant-get-your-hands-on-it-right-now/articleshow/112517193.cms">Google Pixel 9 Pro Fold launched in India at ₹1,72,999, but you can’t get your hands on it right now</a> <a href="https://www.businessinsider.in/stock-market/news/ipo-scam-two-victims-from-hyderabad-lose-over-11crore-in-fake-ipo-scams/articleshow/112488051.cms">IPO scam – Two victims from Hyderabad lose over ₹11 crore in fake IPO scams</a>

Indian smartphone market records 7.2% growth in the first half of 2024, Vivo leads the market in Q2

<keyword id="19956271" type="General" weightage="20" keywordseo="Ola-Electric-Mobility" source="keywords" meta.keywordsubtype="org" meta.entityname="Ola Electric Mobility" meta.hostid="261" meta.entityid="Ola Electric Mobility">Ola Electric Mobility</keyword> on Wednesday reported a higher consolidated loss of Rs 347 crore for the April-June quarter compared to the year-ago period. The company's losses in the April-June period of 2023 were Rs 267 crore, according to an exchange filing. Revenue from operations for the quarter under review was Rs 1,644 crore against Rs 1,243 crore in the same quarter of the previous fiscal, according to the filing. The Bengaluru-based firm said its total expenses during the first quarter grew to Rs 1,849 crore compared with Rs 1,461 crore in the June quarter of FY24. The company made its market debut earlier this month. The company in a statement said its automotive segment (E2W) posted a strong improvement in EBITDA (earnings before interest, tax, depreciation and amortization) margin and is close to EBITDA breakeven. The quarter witnessed the highest-ever deliveries of vehicles by the company at 1,25,198 units as against 70,575 units delivered in the same period last year, <keyword id="4393078" type="General" weightage="20" keywordseo="Ola-Electric" source="Orion">Ola Electric</keyword> Mobility said. The company also said it ramped up deliveries of its mass-market scooter portfolio (S1 X portfolio) during the quarter which helped accelerate the growth, adding that the existing product portfolio also saw strong demand which continued growth momentum throughout the quarter. According to Ola, the increasing scale of operations has benefited the company in the form of lower manufacturing costs and supply chain optimization. These benefits of scale are further amplified by the company's scalable platform-based product development and manufacturing technology that results in high degrees of commonality across its products, it said. The company also announced on Wednesday the integration of its cells in its vehicles by the first quarter of next fiscal. Ola said it will launch its electric motorcycle portfolio across mass and premium segments during its annual flagship event on August 15, 2024. SEE ALSO: <a href="https://www.businessinsider.in/tech/mobile/news/google-pixel-9-pro-fold-launched-in-india-at-172999-but-you-cant-get-your-hands-on-it-right-now/articleshow/112517193.cms">Google Pixel 9 Pro Fold launched in India at ₹1,72,999, but you can’t get your hands on it right now</a> <a href="https://www.businessinsider.in/tech/mobile/news/pixel-9-pixel-9-pro-and-pixel-9-pro-xl-launched-in-india-starting-at-79999/articleshow/112512198.cms">Pixel 9, Pixel 9 Pro and Pixel 9 Pro XL launched in India starting at ₹79,999</a> <a href="https://www.businessinsider.in/stock-market/news/ipo-scam-two-victims-from-hyderabad-lose-over-11crore-in-fake-ipo-scams/articleshow/112488051.cms">IPO scam – Two victims from Hyderabad lose over ₹11 crore in fake IPO scams</a>

You Searched For "fake IPO scams" and got 13 results

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