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Time of India
5 hours ago
- Time of India
UP ATS nabs 4th accused in inter-state fake currency racket; Rs 1.05 lakh seized from Sitapur man; gang used Alibaba-sourced paper, Photoshop files to mimic notes
The Uttar Pradesh Anti-Terrorist Squad (UP ATS) has apprehended a fourth suspect, Anas Ahmad, in connection with a large counterfeit currency operation spanning multiple states. He was arrested in Sitapur with ₹1.05 lakh in fake currency. LUCKNOW: The Uttar Pradesh Anti-Terrorist Squad (UP ATS) arrested a fourth accused in connection with a large-scale counterfeit currency racket operating across multiple states on Saturday. The latest arrest was made in Sitapur, where the ATS apprehended Anas Ahmad, son of Ejaz Ahmad, a resident of Gandhinagar under Sidhauli police station. Acting on intelligence inputs, he was picked up from the Ahmedpur Jat Road area and found in possession of fake Indian currency worth ₹1.05 lakh. Seized materials included 22 forged ₹500 notes, 94 fake ₹200 notes, 8 counterfeit ₹100 notes, and A4-sized thread paper sheets valued at ₹74,400. ATS said that during interrogation Anas confessed that he received the fake currency from Gajendra Yadav, a resident of Adarsh Colony, Baghpat, for distribution. Police recovered fake Indian currency worth ₹1.05 lakh from his possession, which included 22 counterfeit ₹500 notes, 94 counterfeit ₹200 notes, and 8 counterfeit ₹100 notes. Additionally, A4-sized thread paper sheets resembling currency, valued at ₹74,400, were also seized. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Eat 1 Teaspoon Every Night, See What Happens A Week Later [Video] getfittoday Undo This arrest follows the earlier busting of the gang's core network on June 27. The ATS had apprehended mastermind Gajendra Yadav—a railway employee—from Pilkhuwa in Hapur district along with his associate Siddharth Jha. Acting on specific inputs, the duo was intercepted near Bhojpur Road while attempting to deliver ₹3.9 lakh in counterfeit currency. A subsequent raid at a rented flat in Dinesh Nagar Colony uncovered their printing hub, yielding sophisticated equipment including security paper, printers, dies, and Photoshop design files used to mimic genuine notes. A third accused, Vijay Veer Chaudhary of Bulandshahr, was arrested for supplying watermark and thread-featured paper sourced from for the counterfeit production. Gajendra Yadav, originally from Gajouri village in Bulandshahr and stationed at Lakhan Railway Station, ran the operation from Pilkhuwa with the help of Siddharth Jha from New Delhi. The gang distributed fake currency using social media to connect with buyers across western Uttar Pradesh. With the arrest of Anas Ahmad, all four identified members of the racket are now in custody. A case has been registered under IPC and BNSS provisions at the ATS police station in Lucknow, and further legal proceedings are ongoing. The UP ATS continues to track the broader distribution network, aiming to dismantle all remaining links in the illicit operation.
Business Recorder
14 hours ago
- Business
- Business Recorder
Alibaba.com launches ‘CoCreate Pitch'
KARACHI: a leading B2B e-commerce platform, has announced the newly expanded pitch competition, 'CoCreate Pitch', which will take place at the Company's annual flagship CoCreate event. The competition will allow global SMEs with product dreams to compete for a $1 million prize pool. Selected SMEs and entrepreneurs from Pakistan will have the opportunity to participate in the US event held in Las Vegas from September 4-5, 2025. In addition to the 'CoCreate Pitch' competition, is also introducing CoCreate Europe, which will be held in London on November 14, 2025. Coinciding with World Micro, Small, and Medium Enterprises (MSME) Day on June 27th, this initiative highlights the commitment of to supporting global SMEs. SMEs are actively positioning themselves for new opportunities. During the mid-year stock season, has observed significant momentum in Pakistan, with the number of Pakistani exporters on the platform increasing by 30% year-over-year from April to June. Copyright Business Recorder, 2025
Express Tribune
2 days ago
- Business
- Express Tribune
SMEs with product ideas to compete in US
Listen to article B2B e-commerce platform has announced a newly expanded pitch competition, CoCreate Pitch, which will take place at the company's annual CoCreate event. The competition will allow global small and medium enterprises (SMEs) with product ideas to compete for a $1 million prize pool. Selected SMEs and entrepreneurs from Pakistan will have the opportunity to participate in the US event to be held in Las Vegas from September 4 to 5 this year. In addition to the CoCreate Pitch competition, is also introducing CoCreate Europe, which will be held in London on November 14, coinciding with the World Micro, Small and Medium Enterprises (MSME) Day on June 27. CoCreate Pitch will attract SMEs from around the globe, offering the opportunity for financial support, a diversified supply chain and mentorship. Two grand champions, one from each CoCreate event, will each receive a financial award valuing at $200,000 (50% cash and 50% sourcing credits). Twenty winners will be awarded up to $40,000 each under the same terms. All participants will gain free access to AI-powered sourcing tools and supplier network, enabling rapid prototyping and cost-efficient production. The competition spans two to four months, with submissions evaluated on innovation, feasibility and market potential. Finalists will pitch live at events in Las Vegas. Winners will be selected by a panel of industry leaders and investors. "The passion SMEs will bring to their innovative product ideas, and their entrepreneurial energy, shines brightly on stage," said Kuo Zhang, President of Despite global economic uncertainty, the SMEs continue to demonstrate resilience and a strong capacity to adapt and thrive. Recent data from reveals that SMEs are actively positioning themselves for new opportunities.
Yahoo
2 days ago
- Business
- Yahoo
Balance and Alibaba.com Partner to Bring Flexible B2B Payments to SMEs Across the United States
U.S. users can now select Balance as a payment method at checkout to access financing NEW YORK, June 26, 2025--(BUSINESS WIRE)--Balance, the AI-powered financial infrastructure platform for B2B commerce, announced today the launch of "Pay Later for Business" on an embedded financing solution designed to give U.S. small and medium-sized enterprises (SMEs) greater purchasing power and more control over how and when they pay. With this solution, U.S. business users have the option to access instant credit at checkout, enabling eligible ones to finance purchases. This B2B BNPL solution is powered by Balance's AI risk infrastructure, which delivers real-time credit risk management and high approval rates, including for SMEs which are often overlooked by traditional financing systems. "Flexible B2B payments are essential for business customers who want to grow," said Yiran Li, Head of Customer Retention Strategy at U.S. "By embedding Balance directly into our checkout, we're making it easy for customers to buy on their terms, without being limited by cash flow constraints." "In tight economic conditions, and especially with the added strain of tariffs, access to financing can make the difference between surviving and thriving," said Bar Geron, CEO and Co-founder of Balance. "We're proud to partner with and power a solution that helps its U.S. users grow their businesses with confidence." This launch follows Balance's recent partnership with Instacart Business, wherein it powers their embedded invoicing and net terms for business customers. With now onboard, Balance continues to expand its network of leading platforms and merchants reimagining the B2B payment experience. By embedding B2B BNPL and autonomous pay-by-invoice solutions directly into checkout, Balance helps merchants increase conversions, boost average order value, and drive user loyalty, without taking on credit risk or operational complexity. About Balance Balance is a leading AI-powered financial infrastructure platform for B2B commerce, enabling embedded payments, digital trade credit and B2B BNPL solutions. Merchants use Balance to accept payments, offer net terms, and automate accounts receivable - boosting revenue, lowering payment costs, and improving cash flow, while minimizing complexity and credit risk. With robust APIs supporting embedded and customizable customer journeys, advanced billing, AI-powered credit risk management, industry-best approval rates and flexible financing, Balance streamlines B2B payments from onboarding to reconciliation, powering invoice-to-cash operations for leading enterprises. View source version on Contacts Press Contact Daniella Jacobson, daniella@
Time Business News
18-06-2025
- Business
- Time Business News
Global Sources vs Alibaba: Which Platform is Better for Your Business?
When it comes to sourcing products and suppliers from Asia, two platforms often top the list: Global Sources and Alibaba. Both are major players in the B2B sourcing world, but they serve different business needs and offer different advantages. So, which one is more suitable for your business? In this article, we'll compare the two platforms across several key areas and show why many businesses find Global Sources to be a better fit—especially when reliability, supplier quality, and sourcing efficiency matter most. Global Sources is a B2B sourcing platform established in 1970, specializing in connecting international buyers with suppliers, primarily from China and Asia. It focuses on electronics, hardware, gifts, and home products, offering: Supplier-verified listings (audits, background checks). Trade shows (e.g., Hong Kong Electronics Fair). OEM/ODM support for customized manufacturing. A smaller but more curated selection compared to Alibaba. Alibaba is the world's largest B2B e-commerce marketplace, founded in 1999 in China. It serves as a gateway to millions of suppliers across all industries, featuring: (wholesale marketplace). (domestic Chinese trade). Gold Supplier program (verified sellers). Trade Assurance (buyer protection). One-stop sourcing for bulk orders, dropshipping, and raw materials. Key Difference: Global Sources is niche (strong in electronics) and supplier-vetted. Alibaba is broader, with more suppliers but requires stricter due diligence. Now, let's compare the two platforms across several key areas. Alibaba features millions of suppliers from around the world, but the verification process is less strict. While many vendors are legitimate, the risk of encountering middlemen or even scams is higher without due diligence. Global Sources, on the other hand, has built its reputation by focusing on verified suppliers, mostly from Asia. Most sellers on Global Sources are direct manufacturers, and many are audited or verified by third parties. This greatly reduces the risks associated with poor quality or fake products. Alibaba operates more like an open marketplace. Anyone, including trading companies or individuals, can list their products. This makes it easy to browse but harder to identify the real source of the goods. Global Sources carefully curates its supplier network. It's not just about quantity—it's about quality. If you are looking to work directly with manufacturers for custom orders, consistent supply, and better pricing control, Global Sources is often the better choice. One area where Global Sources has a strong edge is its integration with physical trade shows. Buyers using Global Sources can attend its well-known sourcing events in Hong Kong and beyond, offering a hybrid sourcing experience—online research and offline validation. Alibaba does not offer this kind of integrated sourcing ecosystem. Businesses that value personal interaction, product inspection, and real-time deal-making will find Global Sources more appealing. Alibaba provides standard messaging tools, but the experience can be hit-or-miss due to a wide range of supplier types and response times. Global Sources offers an organized and business-friendly interface for communicating with verified suppliers. Tools include sample requests, digital catalogs, and supplier comparison features that are designed for professional buyers. While both platforms cover a wide range of industries, Global Sources excels in high-demand sectors like: Consumer electronics Mobile accessories Home and kitchen products Personal care and beauty Auto parts Its emphasis on innovation and trending product lines gives businesses an edge in staying ahead of market demand. Importers and wholesalers looking for direct manufacturer connections looking for direct manufacturer connections Retailers needing fast, reliable sourcing for trending products needing fast, reliable sourcing for trending products Startups launching new product lines who need support in prototyping and custom manufacturing launching new product lines who need support in prototyping and custom manufacturing Companies focused on quality assurance and verified sourcing Conclusion While Alibaba is better for small, casual orders or exploring a wide range of vendors, Global Sources is often more suitable for businesses that need a serious, professional, and secure sourcing platform. If your priority is verified suppliers, faster negotiations, and better sourcing control, Global sources is the smarter choice. For companies aiming to scale, reduce procurement risks, and build long-term supplier relationships, Global Sources provides the tools and trust that businesses need in today's fast-paced global market. TIME BUSINESS NEWS
