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ARTICLE · 03 SEPTEMBER 2024

Market Intelligence Thought Leadership Award Winner

Telegram To Be Banned In India?

Naik Naik & Company
Naik Naik & Company
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Naik Naik & Company

Naik Naik & Company

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Telegram has been the modern world's pigeon that connects people across the globe.

IndiaPrivacy
Seema Meena
Seema Meena
Rea Parikh
Rea Parikh
Viha Mehta
Viha Mehta

Telegram has been the modern world's pigeon that connects people across the globe. It is a cloud-based, cross-platform, social media and instant messaging (IM) service that was founded in 2013 by the brothers Nikolai and Pavel Durov. Unlike the messenger pigeon, the Telegram application is known for its high-end focus on privacy and the security of users. As of July 2024, with over 950 million users across the globe, Telegram found itself amidst a controversy.

About The Controversy

It all started on July 24, 2024, when The Securities Exchange Board of India discovered a scheme to manipulate stock prices operating through the Telegram app. The stock prices of a steel sheet manufacturing company were allegedly manipulated by a Telegram group moderator who received ₹20 lakh in compensation. India has over 5 million active users of Telegram as of now.

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