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The Hindu
20-07-2025
- Business
- The Hindu
Complaint against fake investment firm misusing name of Premji Invest
The Cybercrime police, east division, have registered an FIR against unknown persons for allegedly launching a fake investment website in the name of Premji Invest, misusing the details of the company to cheat gullible investors. There was also an android app named PREMJIEX on Google Playstore and several WhatsApp groups under the same name, which is suspected to be created by the same fraudsters. The admins of these WhatsApp groups have misused the photographs of the management personnel of Premji Investment Advisory LLP, which were available on public domain. According to the complaint, Premji Investment Advisory LLP is the entity responsible for managing the private investments of Azim Premji, and it does not provide any manner of investment advisory to the general public at large, and it is only concerned with its group and affiliated entities. Premji Investment Advisory LLP does not have any social media presence either in its name or under its trade name of Premji Invest, barring a profile on Linkedin. The fraud came to light last month that unknown miscreants have created a website under the domain misusing the trade name Premji Invest. A probe revealed that the accused have been charging money from unsuspecting third parties on the pretext of providing stock market tips and advisory by taking advantage of the reputation Premji Invest. 'They go insofar as to claim that every transaction conducted on the website would contribute some money to the Azim Premji Foundation. They have also published the registration number belonging to the Premji Investment Advisory,' the complaint said. It said that the app on the playstore had a sub-text 'Gujarat Digital' owned by Vishal Ghanshyam, a lead being probed by the police. Efforts are on to track down the miscreants, the police said.
Business Upturn
25-06-2025
- Business
- Business Upturn
IDFC FIRST Bank Introduces UPI Services for NRI Customers Across 12 Countries
About the Bank IDFC FIRST Bank is a fast growing, new age Private Sector Bank created in India with a vision of building a world-class Bank in India, focused on Ethical, Digital, and Social Good Banking. The Bank has 35.5 million live customers, a customer deposit base of Rs. 2,42,543 crores and loans and advances of Rs. 2,41,926 crores, spread over 60,000 cities, towns, and villages across India. It has 1,002 branches but is built as a digital first Bank in scale, scope, and approach. Its customer deposits are growing at 25.2% YoY and Loans & Advances growing by 20.4% YoY (March 31, 2025) based on friendly user digital interface, ethical approach, customer friendly products, strong brand, and high corporate governance. Its technology stack is built on advanced technology using cloud native experience layer, microservices led architecture, and powered by advanced data platform, analytics, and Artificial Intelligence. Its mobile App is rated 4.9 on Google Playstore with 30 million downloads and 1.7 million ratings and 4.8 on Appstore with 1.86 lakh downloads and 1.5 lakh ratings. The App is rated #1 in India and #4 App in the world by The Forrester Digital Experience Review™: Global Mobile Banking Apps, Q4 2024 for prioritising Customers' financial well-being, comprehensive suite of financial management features, and personalized financial insights, providing educational resources and expert guidance through its Financial Wellness Corner and IDFC First Academy. The 7 Core Principles of IDFC FIRST Bank 1. Vision: Building a world-class Bank in India, focused on Ethical, Digital, and Social Good Banking. 2. Universal Bank: IDFC FIRST Bank is a Universal Bank, offering a comprehensive range of services, including Retail, MSME, Rural, Startups, Corporate Banking, Cash Management, Wealth Management, Deposits, Government Banking, Working Capital, Trade Finance, and Treasury solutions. 3. Ethical Banking: The Bank adheres to a 'Near and Dear' test, ensuring its products are so customer-friendly that employees can confidently recommend them to loved ones. The Bank is committed to doing right by customers even when no one is watching and believes that income earned unethically is not worth earning. So, the Bank has simplified descriptions, calculations, and legal jargon to avoid confusing customers and offers 'ZERO FEE Banking' on all savings account services, including SMS alerts, IMPS, RTGS, NEFT, cash deposits, non-home branch access, ATM withdrawals, cheque books, Demand Drafts, Pay Orders, duplicate statements, and other commonly charged services. It is the first and only bank in India to do so. 4. Customer Friendly Banking: IDFC FIRST Bank credits interest monthly on savings accounts. For credit cards, it offers lifetime-free cards with no minimum spend conditions, non-expiring reward points, zero interest on ATM cash withdrawals, and dynamic low APR. Any applicable fees are transparent and clearly explained. 5. Digital Banking: The Bank's modern technology stack delivers high-quality services across mobile, branch, internet banking, call centres, and relationship managers. 6. Social Good Banking: The Bank is financially inclusive with high asset quality. It has financed over 38 million customers, including 16 million lifestyle improvement loans, 15 million loans to 4.3 million women entrepreneurs, 6.5 million vehicle loans, 1 million sanitation loans, 1 million livelihood loans, 300,000 SME loans, and 100,000 home loans. 7. ESG: The Bank holds high ESG scores, reflecting its commitment to financial inclusion and social responsibility. Submit your press release Disclaimer: The above press release comes to you under an arrangement with Business Wire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash
Time of India
27-05-2025
- Business
- Time of India
Byju's Learning app delisted from Google Playstore due to non-payment to vendor
HighlightsThe beleaguered educational technology firm Byju's has had its learning application removed from the Google Play Store due to non-payment of dues to Amazon Web Services. Byju's business is currently under the management of an Insolvency Resolution Professional who is responsible for addressing all payment-related issues. Insolvency proceedings against Byju's have been initiated by the National Company Law Appellate Tribunal following appeals from various investors, including the lender-authorised agency Glas Trust. Beleaguered edtech firm Byju's learning app has been delisted from Google Playstore due to non-payment of dues to its vendor Amazon Web Services , according to sources. While some of the other apps of Think and Learn , which operate under the Byju's brand, continue to be functional on Google Playstore. "BYJU's Learning app has been delisted from Playstore because of non-payment to Amazon Web Services, which provides support to the app. Byju's business is now being managed by an Insolvency Resolution Professional who has to manage all payment-related issues as well," a source told PTI. An email sent to Think and Learn's Insolvency Resolution Professional (IRP) Shailendra Ajmera did not elicit any reply. Byju's Leaning App covered mathematics, physics, chemistry and biology for classes 4-12 and social studies for classes 6-8 as well. The app also provides preparation support for competitive exams like JEE, NEET, and IAS. The app continues to be available on Apple's App Store. Byju's Premium Leaning app and Byju's Exam Prep app continue to be available on Google Playstore. The National Company Law Appellate Tribunal has started insolvency proceedings against Byju's on appeal by various investors, including lender-authorised agency Glas Trust.
Mint
27-05-2025
- Business
- Mint
Here's why Byju's learning app was delisted from Google's Playstore…
Trouble edutech unicorn Byju's learning app has been delisted from the Google Playstore for non-payment of vendor dues, according to a PTI report, citing sources. The matter has been under works between Think and Learn Pvt Ltd, the parent company of Byju's, and vendor Amazon Web Services (AWS), since April 2024, it added. Till time of writing PTI did not recieve a reply to their emailed queries from Shailendra Ajmera, Think and Learn's Insolvency Resolution Professional (IRP), it added. 'BYJU's Learning app has been delisted from Playstore because of non-payment to Amazon Web Services (AWS), which provides support to the app. Byju's business is now being managed by an Insolvency Resolution Professional who has to manage all payment-related issues as well,' a source told PTI. A spokesperson for AWS told PTI that the company has been working with Think and Learn since April 2024, 'to resolve its outstanding AWS account balance. We remain hopeful that this matter can be resolved. Separately, we are unable to comment on any actions taken by other technology providers with respect to the BYJU'S app'. Yes. Till time of writing, the Byju's Learning app continues to be available on Apple's App Store. Byju's Leaning App covered mathematics, physics, chemistry and biology for classes 4-12 and social studies for classes 6–8 as well. The app also provides preparation support for competitive exams such as JEE, NEET, and IAS. According to the sources, Byju's apps which are handled by other vendors (not AWS), are functional 'as of now'. At time of writing, the Byju's Premium Leaning app and Byju's Exam Prep app were both available on Google Playstore. The National Company Law Appellate Tribunal (NCLT) has started insolvency proceedings against Byju's on appeal by various investors, including lender-authorised agency Glas Trust.
NDTV
26-05-2025
- Business
- NDTV
Byju's App Removed From Google Playstore Over Unpaid Dues To Vendor: Report
New Delhi: Beleaguered edtech firm Byju's learning app has been delisted from Google Playstore due to non-payment of dues to its vendor Amazon Web Services, according to sources. While some of the other apps of Think and Learn, which operate under the Byju's brand, continue to be functional on Google Playstore. "BYJU's Learning app has been delisted from Playstore because of non-payment to Amazon Web Services, which provides support to the app. Byju's business is now being managed by an Insolvency Resolution Professional who has to manage all payment-related issues as well," a source told PTI. An email sent to Think and Learn's Insolvency Resolution Professional (IRP) Shailendra Ajmera did not elicit any reply. "Apps, which are being handled by other vendors, are functional as of now," sources aware of the development said. Byju's Leaning App covered mathematics, physics, chemistry and biology for classes 4-12 and social studies for classes 6-8 as well. The app also provides preparation support for competitive exams like JEE, NEET, and IAS. The app continues to be available on Apple's App Store. Byju's Premium Leaning app and Byju's Exam Prep app continue to be available on Google Playstore. The National Company Law Appellate Tribunal has started insolvency proceedings against Byju's on appeal by various investors, including lender-authorised agency Glas Trust.
