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PeakMetrics / Fact Checks

Economy & business fact checks

Explore claims publishers have checked about economy & business. Read their original ratings and follow the evidence.

7,096 published reviews in this topic

Fact CrescendoEconomy & business

Claim: facts behind the HDFC bank job notification

Publisher’s rating: Fact Crescendo Rating: Misleading

The review investigates a specific HDFC Bank recruitment notice circulated online as evidence that people who passed in 2021 could not apply for a job. It says a reader sent the advertisement to the outlet’s WhatsApp chatbot to ask whether it was genuine, and that the notice was also being shared on Facebook. The review places the controversy in the context of Tamil Nadu’s COVID-era decision that all students passed in the 2020–21 academic year; it says some critics used that policy to disparage those graduates and the notice appeared to reinforce the claim that they would not get jobs. [S1] The decisive evidence reported is HDFC Bank’s clarification: the exclusion of 2021 pass-outs was a printing error, not an intentional policy. In the bank’s quoted response, it says graduates may apply regardless of their year of passing if they meet the age criteria, and that a corrected advertisement had already been issued. The review also says the notice had caused controversy and that the bank explained the error to media outlets. [S1] Thus, the circulated notice did contain wording that appeared to exclude 2021 graduates, but the review says that wording was erroneous and that the corrected eligibility did not exclude candidates by year of passing. The claim that HDFC Bank intentionally refused jobs to 2021 pass-outs therefore leaves out the bank’s correction and qualification: applicants still had to meet the age criteria. The excerpt does not provide the advertisement itself or the corrected version, so those documents cannot be independently assessed from the supplied material. [S1]

Fact Crescendo Sri LankaEconomy & business

FACT CHECK : ෆේස්බුක් තුළ හුවමාරු වන පරිදි ඇමරිකානු ඩොලරයට සාපේක්ශව රුපියලේ අගය 250 සීමාවට ළඟා වුනාද?

Publisher’s rating: Misleading

The review investigates a Facebook post claiming that one US dollar had reached 250 Sri Lankan rupees. It identifies the post as one shared on July 7 by a user named Punu Thushara, and reports that it had been shared more than 1,000 times. The article’s central comparison is between the claimed 250 rate and the rates documented for the period around that post.

FACTLYEconomy & business

Banks across the country will remain closed for 15 days in August 2021

Publisher’s rating: MISLEADING

The claim concerns whether banks nationwide would be closed for 15 days in August 2021. FACTLY checked the RBI’s 2021 holiday calendar and found eight holidays listed for that month in addition to second and fourth Saturdays and Sundays. But those eight holidays were not common to every region: the calendar listed different holidays for different regional offices, and no office had all eight. The regional differences are central to the claim. FACTLY reports that 13 August was listed as a holiday only for Imphal, while 31 August was listed only for Hyderabad. Kochi and Thiruvananthapuram had the highest number of applicable holidays for any one region—three. Thus, counting dates listed across regional calendars as if every bank nationwide observed them produces a misleading impression of a uniform 15-day closure. The review’s conclusion is that the listed holidays were not observed across all states.

FACTLYEconomy & business

Flipkart is offering free Mi-11 Lite mobiles on the occasion of its 15th Anniversary

Publisher’s rating: FALSE

The claim concerned a social-media message saying Flipkart was giving away free Mi-11 Lite phones through an online survey for its 15th-anniversary celebrations. FACTLY reports that it found no such offer on Flipkart’s website or on the company’s Twitter and Facebook accounts. It also says it found no news reports about such an offer, despite noting that one would expect coverage if Flipkart had announced it. [S1]