Their casual and chatty style is a bit hit with followers; critics warn their advice can sometimes be misleading as SEBI cracks whip on some 'finfluencers' violating norms.
While social media has brought increased access to financial literacy and advice through memes and metaphors, the quality can be inconsistent, surface level and susceptible to fraud.
Indians aged 20-30 are trading in options market in droves, but know nothing about it & so keep losing money. If losses mount, it could undo gains India saw in investment culture, analysts fear.
Ben Armstrong, better known as 'BitBoy', was ousted from his company last August and subsequently accused of extortion, theft, sexual harassment and workplace violence. He had 1.5 million followers on YouTube.
Ravisutanjani Kumar, a rising finance influencer who’d even grabbed Union minister Piyush Goyal's attention this month, has countered claims that he lied about his qualifications.
Markets regulator has sought comments on proposed rules that would effectively ban unregistered finfluencers from dispensing investment advice. Comments welcome till 15 Sept.
Admitting to rise of fake influencers indulging in practices that lead to followers losing money, finfluencers say consumers must be 'alert' but also feel govt needs to regulate the space.
Like Turkey and Egypt, Pakistan is one of a handful of powers with the human resources and infrastructure to help secure the Persian Gulf as Trump’s America draws down its military presence.
ACM Katre was 2nd IAF chief to die in harness. It was at a memorial lecture in his honour where IAF chief AP Singh revealed that India shot down 6 Pakistani aircraft in Op Sindoor.
Standing up to America is usually not a personal risk for a leader in India. Any suggestions of foreign pressure unites India behind who they see as leading them in that fight.
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