BUSINESS

Fact check: ‘Spoofed’ online banking message on nominee spreading

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 ...

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Fact Check: No, Sony and its PlayStation never acquired by Microsoft as claimed on ‘Dec 28’

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 ...

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Is Mitron, new rival to Tik Tok, really an Indian made app? Fact Check

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 ...

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Can I get coronavirus from currency notes and coins? Fact Check

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 ...

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Is China cancelling the US dollar peg? Fact Check

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 ...

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