A 70-year-old resident of Kolshet, Thane, Maharashtra, has become the victim of a sophisticated stock market scam orchestrated through a WhatsApp group. The Times of India reports that the individual lost a staggering Rs 2 crore after being lured into the group by unknown individuals. The group, designed to appear legitimate, offered seemingly valuable share trading tips and promised substantial returns on investments. However, what began as helpful advice quickly turned into a manipulative ploy. The group's administrator, posing as a representative of a major Chicago-based investment firm, dangled the carrot of lucrative opportunities to entice unsuspecting traders. The victim, trusting the group's facade and the supposed expert advice, reportedly invested over Rs 2 crore. To further solidify their scam, the fraudsters provided access to a fake website mimicking a legitimate investment platform. This website even displayed a fictitious profit of Rs 3.5 crore on the victim
Bajaj Housing Finance IPO: A Look at Growth Prospects, Potential Risks, and the Future of India's Housing Market
Bajaj Housing Finance Gears Up for ₹7,000 Crore IPO: A Look at India's Housing Finance Market and Growth Prospects Bajaj Housing Finance Limited (BHFL), a subsidiary of the Bajaj Finserv conglomerate, is making a significant move by planning a whopping ₹7,000 crore Initial Public Offering (IPO). This announcement comes at a time when the Indian housing finance market is experiencing a boom, making it an opportune moment for BHFL to expand its reach and capabilities. Let's delve deeper into this upcoming IPO and explore the factors driving it, along with the broader landscape of the Indian housing finance sector. Understanding Bajaj Housing Finance and the Upcoming IPO BHFL is a prominent player in the Indian housing finance market, catering to individuals and corporate entities seeking loans for purchasing or renovating homes and commercial spaces. To bolster its growth trajectory, the company has filed a Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Bo