Razorpay secretly shared donor data with cops: Alt News

News Network
July 6, 2022

New Delhi: Fact-checking website Alt News on Tuesday alleged that payment gateway Razorpay had shared its donor data with the police without informing it.

In a statement, Razorpay, without referring to the specific allegation of Alt News, said that it was mandated to comply with the written order from legal authorities under the provisions of the law.

Razorpay had deactivated the account of Alt News on its donation platform following a request from the police and re-enabled it later.

Alt News said the donation platform had conveyed to them that their account was reactivated "after getting some clarity".

"It has not been specified by them as to what this clarity is," the fact-checking website said.

It alleged that Razorpay had handed over Alt News donor data to the police.

"This was done without informing us, or without even a preliminary investigation of any violation on the part of Alt News," it said.

Delhi Police is probing the donations received by Alt News and has arrested its co-founder Mohammed Zubair.

Razorpay did not refer to the charges levelled by Alt News and said it was mandated to comply with the requirements of the law.

"We had received a written order from the legal authorities under Section 91 of the CrPC (Code of Criminal Procedure) and we are mandated to comply with the same as per the regulation under the provisions of Indian law," the fintech platform said.

"We will continue to hold the highest standard of data security, defend our customers at all times and also continue to abide by the laws and regulations of India," Razorpay said.

Alt News reiterated that only Indian bank accounts can make donations to it and foreign credit cards were never enabled in the Razorpay back-end.

"Therefore, the allegations of Alt News having received funds from foreign sources from whom we cannot receive donations are false," it said.

"While we look for alternatives, we will continue with Razorpay as the donation platform for now," Alt News said.

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News Network
November 19,2024

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News Network
November 21,2024

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Shares of Adani Group companies lost about $28 billion in market value in morning trade on Thursday after US prosecutors charged the billionaire chairman of the Indian conglomerate in an alleged bribery and fraud scheme.

Gautam Adani's flagship company Adani Enterprises tumbled 23 per cent, while Adani Ports, Adani Total Gas, Adani Green, Adani Power, Adani Wilmar and Adani Energy Solutions, ACC , Ambuja Cements and NDTV fell between 20 per cent and 90 per cent.

Adani group's 10 listed stocks had a total market capitalisation of about $141 billion at 0534 GMT, compared to $169.08 billion on Tuesday.

US authorities said Adani and seven other defendants, including his nephew Sagar Adani, agreed to pay about $265 million in bribes to Indian government officials to obtain contracts expected to yield $2 billion of profit over 20 years, and develop India's largest solar power plant project.

Adani Green in a statement on Thursday said the US Justice Department had issued a criminal indictment against board members Gautam Adani and Sagar Adani and the Securities and Exchange Commission had issued a civil complaint against them.

The US Justice Department also included Adani Green board member Vneet Jaain in the criminal indictment, it said.

Adani Green's units had decided not to proceed with the proposed US dollar denominated bond offerings due to developments, it added.

"Investors will shy away from Adani Group stocks ... and that's what this sharp selling is signifying," said Saurabh Jain, assistant vice president of retail equities research at SMC Global Securities.

"This could hurt the credibility of the group and maybe borrowing costs will rise," he said.

The indictment comes nearly two years after US shortseller Hindenburg Research alleged that Adani had improperly used tax havens and was involved in stock manipulation, allegations the conglomerate denied.

Also in early Asian trading on Thursday, Adani dollar bonds slumped, with prices down 3c-5c on bonds for Adani Ports and Special Economic Zone. The falls were the largest since the Adani Group came under a short-seller attack in February 2023.

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News Network
November 15,2024

Udupi: The Tourism Department is planning a major eco-friendly development initiative for Kamini Island, located near the Blue Flag-certified Padubidri End Point beach, aiming to attract more visitors while maintaining environmental sustainability.

Assistant Director Kumar CU emphasized that, given the island’s proximity to the Blue Flag beach, all development efforts will center around eco-friendly practices. “We are looking to enhance the Kamini River and the island’s surroundings by adding a hanging bridge, nature trails, and eco-friendly food courts offering traditional cuisine. Visitors will also be able to reach the island by pedal boats or kayaking,” he said.

The development project is estimated to cost between Rs 3 crore and Rs 4 crore. Meanwhile, the Blue Flag beach, Padubidri, continues to see a steady flow of visitors. Vijay Shetty, manager of the beach, shared that tenders for food courts and water sports have been awarded to private parties. Recently, three new coracles have been introduced, which are proving to be a hit with visitors. Additionally, three more shelters are expected to be ready by November 20.

Shetty mentioned that the beach can now accommodate between 2,500 and 3,000 visitors daily, although footfall remains lower than other district beaches due to user fees and activity restrictions. “Initially, most visitors were from Mangaluru, but now nearly 40% come from other districts, showing a shift in the visitor demographics,” Shetty noted.

To further boost tourism and promote a healthy lifestyle, a Beach Carnival is set to take place on November 23-24, featuring the National Sea Swimming Championship and a sea marathon in collaboration with the Padubidri JCI, which is celebrating its golden jubilee. Cultural events will be held at the main beach, with some sports events taking place at the Blue Flag beach. Emphasis will be placed on making all activities environmentally friendly.

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