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Betting app case: ED summons Google, Meta again for July 28 after no-show

Betting app case: ED summons Google, Meta again for July 28 after no-show

India Today5 days ago
The Enforcement Directorate on Monday issued fresh summons to tech giants Google and Meta in connection with the promotion of "illegal" online betting and gambling apps, directing them to appear on July 28 after their representatives failed to show up with the required documents.Both companies have been accused of promoting betting apps and giving prominence to advertisements and websites related to online betting.Earlier, the representatives of the two companies sought deferment of the July 21 summons, saying they need time to collect relevant information and documents before they present themselves for questioning and recording of their statements, reported news agency PTI.Once the tech giants appear for questioning, their statements will be recorded under the Prevention of Money Laundering Act (PMLA).The federal agency is probing multiple platforms hosting illegal betting and gambling links, including instances of advertisements placed for them on various Internet-based social media outlets and app stores.The tech giants are understood to have been called by the ED to understand how such illegal platforms can place advertisements on their social media and communication links.Some actors, celebrities and sports persons are also under the scanner of the agency in these cases, and they are also expected to depose before the ED.The ED has said illegal online betting and gambling platforms were cheating innocent people of their hard-earned money, and also laundering and evading taxes worth crores of rupees.- EndsInputs from PTI
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L&T Technology Services bags $60 million order from US telecom firm
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Business Standard

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  • Business Standard

L&T Technology Services bags $60 million order from US telecom firm

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Sundar Pichai net worth: How rich is the Google CEO - is he a billionaire?
Sundar Pichai net worth: How rich is the Google CEO - is he a billionaire?

Time of India

timean hour ago

  • Time of India

Sundar Pichai net worth: How rich is the Google CEO - is he a billionaire?

Sundar Pichai, the CEO of Alphabet Inc., which owns Google, has officially become a billionaire. As of now, Pichai's net worth is estimated at $1.1 billion, according to the Bloomberg Billionaires Index. This billionaire status comes mainly from: Explore courses from Top Institutes in Please select course: Select a Course Category Data Analytics Degree Management Others Digital Marketing Public Policy Artificial Intelligence Leadership Product Management others Cybersecurity PGDM MBA Data Science Healthcare Design Thinking Technology Data Science Finance CXO Operations Management Project Management healthcare MCA Skills you'll gain: Data Analysis & Visualization Predictive Analytics & Machine Learning Business Intelligence & Data-Driven Decision Making Analytics Strategy & Implementation Duration: 12 Weeks Indian School of Business Applied Business Analytics Starts on Jun 13, 2024 Get Details His 0.02% ownership stake in Alphabet. Large cash reserves he's built up. Alphabet, the parent company of Google, has a market value of over $2.3 trillion, which helped boost the value of Pichai's shares. In the past month alone, Alphabet's Class A stock jumped by 13%, which gave a fresh boost to Pichai's personal fortune, as per the report by Bloomberg. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Highlights from Bollywood 2025 that captured attention Learn More Undo Pichai didn't found google — but still became a billionaire Unlike other tech billionaires like, Mark Zuckerberg, Elon Musk and Jensen Huang. Pichai did not start Google himself. Because of that, Pichai never had a massive stockholding from the early days of the company — which is why his net worth is much lower than those founders. His billionaire status came only after years of compensation packages and steady stock gains at Alphabet, as per the report by Fortune. 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Woman suffers injuries in ‘fuel' attack, both corneas affected
Woman suffers injuries in ‘fuel' attack, both corneas affected

Time of India

timean hour ago

  • Time of India

Woman suffers injuries in ‘fuel' attack, both corneas affected

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