BUSINESS

Banking scams are on rise in India with the latest one being when you add a beneficiary or nominee to your bank or fixed deposit account. An SMS message is received by many that says, “Dear customer, you recently added a nominee to your account XXXXX. You will be able to send funds to this nominee after 30 mins”. The ...

A Spanish website devoted to Hispanics has put out a breaking news on December 28, 2020 claiming that the global tech giant Microsoft has acquired the Japanese conglomerate Sony for $130 billion, including all its affiliated businesses and PlayStation as well. The headline read: “Microsoft acquires Sony with all its divisions, including PlayStation.” The article went on to describe the ...

A screenshot of a news bulletin is shared massively on social media. The clipping features RBI Governor, Shaktikanta Das, addressing the nation while the text on the right-hand side mentions how banks will levy charges on cash credit, current account, and overdraft accounts. Social media users say how this will not let them open current accounts. Fact Check: The screenshot ...

Various posts on social media are claiming that there exists a legal tender called “Raam” which is the most stable and the most expensive currency in the world. The posts claim that the alleged exchange rate of Raam equals ten euros. Some users also claim that it is the currency of the Netherlands. It is also claimed that these notes ...

A viral WhatsApp message claims that the Government has approved and is giving out Rs.5,000 to every citizen owing to the losses incurred due to the implementation of the lockdown. Digiteye India also received the message on its WhatsApp number for fact-checking. The viral message states: “The Government has finally approved and have started giving out free Rs. 5,000 Relief ...

The tension on the border of India and China has trickled down to its citizens. Many posts and videos have emerged on social media asking citizens to boycott Chinese products and it has been endorsed by many celebrities and political leaders. As a part of this campaign to shun Chinese products, people took to uninstalling Chinese developed apps from their ...

In the wake of current coronavirus pandemic and the new wave of misinformation, China has become the suspecting target for many. After Indian Prime Minister Narendra Modi in his recent address on May 12, 2020 urged the citizens to go “vocal about local,” it has been tweaked to mean shunning foreign goods and buy Indian brands. Here are some viral ...

A message has been circulating on social media platforms claiming that workers between the years 1990 and 2020 are liable to receive Rs.120,000 from India’s Ministry of Labour and Employment body. There is also a link that is attached with the forward for users to check if their name is on the list. It was widely circulated on social media ever ...

Due to the coronavirus outbreak, unease has circulated on social media platforms whether handling cash and coins could aid in the transmission of the virus. As the virus can stay on notes for more than 9 days, it has led to concern among people and traders who deal in cash. Here are some concerns making rounds on social media: Fact ...

With the increase in the number of people affected by the coronavirus, there has been a surge in the number of fake news being circulated. Amid the health crisis which the world is in, a financial and economic crisis is also underway involving business houses and prominent company heads. In the domain foreign exchange, several stories have been making rounds ...