India Business News: Money transferred to a wrong UPI account? Sending money through Unified Payment Interface (UPI) is convenient, but mistakes can happen, resulting in funds being transferred to the wrong recipient. Legal experts advise that to recover money transferred to the wrong recipient, you must prove the transfer was unintentional. Once proven, the bank is responsible for reversing the transaction.
A similar incident happened to a 37-year-old man in Bengaluru who met a woman named Megha Raghavan on a matrimonial site and eventually lost ₹76.2 lakh.
On 1 February, top investors holding a combined 30% stake in Byju’s parent Think & Learn Pvt. Ltd called for an EGM to change the leadership, reconstitute the board, and address financial management and governance issues.
Budget 2024 Analysis: With the Lok Sabha elections scheduled for April - May this year, this was a vote-on-account and the final budget for FY25 will be presented in July.