All posts tagged: financial losses

50-Year-Old Bengaluru Man Dies By Suicide After Heavy Stock Market Losses, Mounting Debt | India News

50-Year-Old Bengaluru Man Dies By Suicide After Heavy Stock Market Losses, Mounting Debt | India News

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Last Updated:March 09, 2026, 10:37 IST A 50-year-old Bengaluru man allegedly died by suicide near the Hebbal railway track after suffering losses from stock market investments and falling into heavy debt. Bengaluru man dies by suicide (Photo: CNN-News18) A 50-year-old man in Bengaluru allegedly died by suicide after reportedly suffering financial losses linked to stock market investments and falling into heavy debt. The deceased was identified as 50-year-old Venkatesh. According to preliminary information, he had incurred losses from investments in the stock market and was also suffering from illness. Police said the financial setbacks had pushed him into significant debt, and he was allegedly facing pressure from creditors. Distressed by the situation, Venkatesh reportedly ended his life. His body was found on a railway track near Hebbal on Sunday. Personnel from the Baiyappanahalli Railway Police Station reached the spot after the incident and conducted an inspection. Authorities have initiated further investigation to ascertain the exact circumstances surrounding the death. MARKETS UNDER PRESSURE AMID GLOBAL UNCERTAINTY The incident comes at a time when stock markets have …

ED chargesheets online gaming app WinZO, alleges players duped of ₹734 cr using bots| India News

ED chargesheets online gaming app WinZO, alleges players duped of ₹734 cr using bots| India News

Published by Parlour News

New Delhi, The Enforcement Directorate on Sunday said it has chargesheeted real-money online gaming app WinZO and its promoters, alleging that players lost ₹734 crore on the platform as the company “embedded” bots and AI to “manipulate” the game’s algorithms. ED chargesheets online gaming app WinZO, alleges players duped of ₹734 cr using bots According to an official statement, the ED’s Bengaluru zonal office filed the prosecution complaint on January 23 before a local court designated to try cases under the Prevention of Money Laundering Act . The company, Winzo Pvt. Ltd., its directors – Paavan Nanda and Saumya Singh Rathore – and its wholly-owned subsidiaries, including those based abroad, like Winzo US Inc., USA, Winzo SG Pte. Ltd and ZO Pvt. Ltd. have been named as accused in the chargesheet. WinZO, through its mobile application, offered more than 100 games with a claimed user base of about 25 crore users, largely from tier-3 and tier-4 cities, the ED said. The Union government banned real-money gaming apps in India in August 2025. “For providing these …

Centre’s intervention pushed onion growers into losses in 2025: Farmers’ body

Centre’s intervention pushed onion growers into losses in 2025: Farmers’ body

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Mumbai, Onion growers across India suffered heavy financial losses throughout 2025 due to the Centre’s “intervention” in the market, alleged Bharat Dighole, founder president of the Maharashtra State Onion Growers Farmers’ Association. Centre’s intervention pushed onion growers into losses in 2025: Farmers’ body The association has demanded compensation for farmers through a direct subsidy for losses incurred in 2025, and warned of protests if their demands are not met. Dighole, who heads the Nashik-based association, said that prices of the kitchen staple remained far below the cost of production. While the production cost was between ₹22 and ₹25 per kg, the average market prices ranged only from ₹8 to ₹18 per kg during 2025, he said in a statement. Citing data compiled from all market committees in Maharashtra, the statement said the onion average prices received by farmers were ₹20 per kg in January, ₹22 in February, ₹14 in March, ₹8 in April, ₹9 in May, ₹13 in June, ₹12 in July and August, ₹9 in September, ₹10 in October, ₹12 in November, ₹14-15 from …

Hyderabad woman duped of ₹2.8 crore by brother in fake coffee scheme using Chris Gayle’s name: Report | Latest News India

Hyderabad woman duped of ₹2.8 crore by brother in fake coffee scheme using Chris Gayle’s name: Report | Latest News India

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A 60-year-old Hyderabad businesswoman was allegedly duped of ₹2.8 crore by six people, including her brother, through a fake coffee powder company, with fraudsters falsely claiming West Indies cricketer Chris Gayle as a promoter to attract investments, The Times of India reported. Chris Gayle, West Indies cricketer(Getty) In her criminal complaint, the woman accused six individuals, including her brother, of orchestrating the scam. The fraudulent investment scheme, valued at ₹5.7 crore and promising high returns, resulted in significant financial losses for her and others involved. Scam dates back to 2019 In 2019, the businesswoman was approached by her brother and his wife, who convinced her to invest in a coffee powder manufacturing company by promising a 4% monthly return. They claimed the company was based in Kenya and expanding to the US, The Times of India report added. To build trust, the accused allegedly showed her photos and videos of West Indian cricketer Chris Gayle, falsely claiming he was the company’s promoter. According to central crime station officials quoted by The TOI, they also told …

No more free lunches at Manchester United as club makes cost-cutting moves that include laying off up to 200 employees

No more free lunches at Manchester United as club makes cost-cutting moves that include laying off up to 200 employees

Published by Webster

Manchester United is looking to cut jobs and is reportedly closing the staff canteen at Old Trafford. The free lunches currently being offered to staff will be replaced by fruit. The measures come after five straight years of financial losses for the club. British media reported that as part of cost-cutting measures, even at Manchester United’s Carrington training base, only players will receive lunch as gratis while staff members will be offered soup and bread. The Guardian reported that Manchester United management is hoping to save £1 million by ending free lunches. The report added that the canteen at Old Trafford is expected to be shut down at the end of the week. The Associated Press reported that the club could make as many as 200 jobs redundant. Manchester United made around 250 roles redundant in a first wave of savings last year after British billionaire Jim Ratcliffe paid $1.3 billion for an initial 25% stake in the club and assumed control of its soccer operations. In the first wave of redundancies, the club had …

Greater Noida: Four held for tampering with electronic weighing scales for financial gain

Greater Noida: Four held for tampering with electronic weighing scales for financial gain

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The Gautam Budh Nagar police, along with the SWAT (special weapons and tactics) team, busted a large-scale electronic weighing scale fraud operating across multiple states and arrested four individuals for manipulating weighbridges using electronic chips and remote-control devices to alter weight measurements. The suspects in police custody on Thursday. (HT Photo) Police said the fraud has been detected across Maharashtra, Gujarat, Chhattisgarh, Uttar Pradesh, Madhya Pradesh, and Karnataka. The arrested individuals have been identified as Kapil Kumar and Manmohan Singh, both residents of Delhi, Vinay Kumar Sharma, a resident of Sonbhadra, and Dheeraj Sharma, a resident of Gurugram. According to police, the suspects would lure weighbridge owners with lucrative offers and install custom-made electronic chips inside the weighing machines. These chips, controlled via remote, allowed operators to manipulate the weight readings—either inflating or reducing the weight as per their preference. The fraud led to massive financial losses for companies dealing in construction materials such as steel bars, sand, and gravel, said Saad Miyan Khan, deputy commissioner of police, Greater Noida. “During interrogation, Kapil Kumar that …

Delhi excise policy case: Man involved in alleged transfer of hawala money to fund AAP Goa elections sent to ED custody | Cities News

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A Delhi court on Saturday sent Vinod Chauhan, the 18th person to be arrested by the Enforcement Directorate in the excise policy case, to the agency’s custody till May 7. According to ED, Chauhan had transferred money via the hawala route for Aam Aadmi Party’s (AAP) Goa elections and was in regular touch with the members of the ‘South Group’. The Central agency told the court of special judge Kaveri Baweja that Chauhan, who was arrested on Friday, was part of a deep nexus with major conspirators such as Bharat Rashtra Samithi leader (BRS) K Kavitha and certain AAP leaders. “Searches were conducted in Chauhan’s office. Rs 1 crore and Rs 6 lakh were seized. He could not explain the source for the same. He was holding this cash which was given by members of the ‘South Group’ for AAP,” ED’s special counsel Zoheb Hossain said, while requesting four days’ custody of Chauhan. Outlining that Chauhan was involved in transferring proceeds of crime worth Rs 25.5 crore, the agency sought his custody to “unearth further …