ED Seizes ‘Biggest’ Crypto Fund Worth Rs. 1,646 crore in PMLA Case

ED Seizes ‘Biggest’ Crypto Fund Worth Rs. 1,646 crore in PMLA Case

ByNews Polite

#news #newstoday #tech #technews #latestnews #techupdates #newsupdates The Enforcement Directorate (ED) has seized its biggest-ever cryptocurrency worth Rs 1,646 crore as part of a “mega” money laundering investigation into a fraud investment scheme where numerous depositors were duped in the name of securities investment, official sources said. The Ahmedabad office…

Foxconn to Invest Over .5 Billion in India; Sent Chinese Engineers to Train Workers This Year: Reports

Foxconn to Invest Over $1.5 Billion in India; Sent Chinese Engineers to Train Workers This Year: Reports

ByNews Polite

Apple supplier Foxconn will invest over $1.5 billion (roughly Rs. 12,500 crore) in India as the company looks to expand production of Apple’s iPhone in the country, according to a report. The move comes a year after the Taiwanese firm’s factories in China were negatively impacted by the country’s strict…

PhonePe Raises 0 Million Investment From Walmart in Its Ongoing Fundraise

PhonePe Raises $200 Million Investment From Walmart in Its Ongoing Fundraise

ByNews Polite

Indian digital payments firm PhonePe said on Friday it has raised $200 million (nearly Rs. 1,650 crore) from majority backer Walmart at a pre-money valuation of $12 billion (nearly Rs. 99,000 crore). PhonePe, already India’s most valuable payments firm and among the country’s most highly-valued startups, said the investment is part…