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Time of India
an hour ago
- Time of India
54-year-old housewife defrauded of 1.6cr in job, crypto investment scam
1 2 Hyderabad: A 54-year-old housewife from Mehdipatnam lost over 1.6 crore to fraudsters running an online part-time job and cryptocurrency trading scam. On June 2, the victim received a WhatsApp message offering a steady income for posting online reviews. After clicking the link in the message, she was added to a Telegram group. The group's administrators persuaded her to invest in cryptocurrency via a weblink, ' You Can Also Check: Hyderabad AQI | Weather in Hyderabad | Bank Holidays in Hyderabad | Public Holidays in Hyderabad "I initially invested 2,000 and received 2,800 in return. Encouraged by the administrators, I began investing incrementally," the victim said. Between June 17 and July 25, she transferred more than 1.6 crore across 24 bank transactions. During this time, she received 89,800 in 59 transactions. These early returns created the illusion of legitimacy. However, within weeks, the fraudsters began demanding increasingly large sums, citing issues such as credit score errors, taxes, and service charges. " When I refused to pay more, they threatened to freeze my trading balance of 1.6 crore unless I paid an 80% 'unfreeze fee'. That's when I realised it was a scam ," she told cyber crime police. Following her complaint, cyber crime police registered a case on August 2 under BNS against unknown individuals. Tech analysis revealed the defrauded sum was routed through 30 beneficiary bank accounts.
Economic Times
3 hours ago
- Economic Times
Knowledge Realty REIT raises Rs 1620 crore from anchor investors ahead of IPO; Jhunjhunwala among investors
(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
Time of India
3 hours ago
- Time of India
Dow soars 500 points, Nasdaq, S&P rebound as Fed rate cut bets intensify on weaker payrolls
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Wall Street's main indexes bounced back on Monday after a sharp pullback in the previous session, buoyed by growing expectations of deeper Federal Reserve interest rate cuts following an unexpectedly weak jobs 12:53 p.m. ET, the Dow Jones rose 529.99 points or 1.22% to 44,118.57, the S&P 500 gained 84.76 points or 1.36% to 6,322.77, and the Nasdaq advanced 376.04 points or 1.82% to 21, the S&P 500 and the Nasdaq were on track for their biggest single-day jump in more than two is in contrast to Friday, when a dismal U.S. jobs report hammered the S&P 500 and sent it to its steepest intraday drop since May bleak data that also accompanied steep downward revisions for May and June forced market participants to amplify their bets for Fed rate cuts this year, noting signs of a weakening labor market."When you have a Fed that operates in a lagging sense, you're going to have the market moving around as the data comes, that's what we're seeing with the weaker jobs report," said Charlie Ripley, senior investment strategist for Allianz Investment for a September rate cut now stand at about 84%, according to CME Fedwatch. Market participants see at least two quarter-point cuts by the end of this uncertainty, Trump fired Bureau of Labor Statistics Commissioner Erika McEntarfer the same day, accusing her of faking the jobs numbers."The revisions ... it brings a level of skepticism into the data sets," Allianz Investment Management's Ripley also weighed Fed Governor Adriana Kugler's unexpected resignation, which could open the door for President Donald Trump to reshuffle the central bank's leadership to his has repeatedly threatened to fire Chair Jerome Powell, believing that rates should be much lower than they Tesla rose 1.2% after granting CEO Elon Musk 96 million shares worth about $29 S&P 500 sub-sectors were trading in the green, with communication services leading gains with a 2% jump.U.S. factory orders tumbled 4.8% in June after an upwardly revised 8.3% increase in May, owing to a sharp drop in commercial aircraft Trump threatened to substantially raise tariffs on India over its purchases of Russian oil. Last week, Trump slapped a 25% tariff on goods imported from the a big week for Big Tech earnings, companies from various sectors, including Palantir, Eli Lilly and Disney, will report this notable movers, Joby Aviation rose 20.7% after Bloomberg News reported that the company was exploring the acquisition of helicopter ride-share operator Blade Air Mobility . Blade Air's shares surged 26.6%.IDEXX Laboratories soared 26.8% after the animal diagnostics maker raised its full-year profit and revenue forecasts and reported better-than-expected second-quarter jumped 6.8% as the music streaming platform announced plans to raise the monthly price of its premium individual subscription in select markets from issues outnumbered decliners by a 4.76-to-1 ratio on the NYSE and by a 2.8-to-1 ratio on the S&P 500 posted 25 new 52-week highs and seven new lows, while the Nasdaq Composite recorded 52 new highs and 72 new lows.
