Google, one of the big internet companies, has removed more than 2,500 fraud loan apps from its Play Store. Earlier this year, the central government banned more than 230 Chinese apps related to betting and loans following complaints of extortion and harassment. Complaints related to such loan apps have increased in the last few years….
In the last few years, cases of fraud through illegal loan and betting apps have increased. Steps have been taken by the Central Government to control these apps. In this series, the Electronics and Information Technology Ministry has asked tech companies to block advertisements promoting illegal loan and betting apps. Regarding this, the ministry has…
The world’s richest person Elon Musk has sold shares worth at least $3.95 billion in electric car maker Tesla just days after buying Twitter. Musk is the Chief Executive Officer of this company. He said in August that he would sell Tesla shares only if he was forced to buy Twitter. In the regulatory filing…
Elon Musk, the new owner of micro blogging site Twitter, has banned his workers from working from home or remote location. Along with this, he has also advised the workers to be prepared for difficult times. Musk said there is no way to ignore the state of the economy and how it will impact a…
Billionaire Elon Musk’s troubles are not decreasing after purchasing microblogging site Twitter. Musk had taken a huge loan for the Twitter deal and his team is now planning to raise up to three billion dollars to repay some part of it. Musk had taken a loan of about 13 billion dollars for this deal. The…
The revenue of One97 Communications, the company of Paytm, which provides payment services app, increased by 42 percent in the last quarter to about Rs 2,062 crore. This is an increase of about eight percent on a quarterly basis. The company says that a major reason behind this is the increase in the number of…
In a big campaign against loan and lending apps, the central government has ordered to ban 138 betting and 94 lending apps related to China. This action has been taken by the Ministry of Electronics and Information Technology. According to reports, the government started scrutiny of many Chinese apps about six months ago. It was…
The central government has banned many apps including PayU’s LazyPay, while tightening restrictions on lending apps. Earlier this week, the government had banned many lending apps. There were also apps from some Indian firms. The blocked apps include Fintech Kissht, Faircent and Indiabulls Home Loans. After the notice from the Ministry of Electronics and Information…
Total gross merchandise value (GMV) at payments and financial services firm Paytm grew 35 per cent year-on-year to about Rs 2.65 lakh crore in April and May. Paytm’s average monthly transacting users (MTU) also increased by 24 percent to 9.2 crore in the last two months. in the last few years Paytm Has increased its…