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Sebi searched the premises of Avadhut Sathe, a Mumbai-based financial influencer. Sathe confirmed the search and stated he only provides trading training. He denied offering investment tips. Sebi is cracking down on finfluencers giving investment advice. A report suggested Sathe made illegal earnings. He urged his students to ignore media reports. He assured that his sessions will continue as planned.
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News and Media
Despite China's economic struggles with tariffs and a property crisis, its stock market is experiencing a significant bull run, adding almost a trillion dollars in market value. This surge, driven by investors seeking alternatives, contrasts sharply with concerning economic indicators like low inflation and weak domestic demand.
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News and Media
Bank of India has declared Reliance Communications, its subsidiary Reliance Telecom, and Anil Ambani's loan accounts fraudulent, totaling 725 crore. The bank alleges the funds, intended for spectrum purchase, were instead invested in mutual funds and fixed deposits. Anil Ambani denies the allegations, claiming the bank violated natural justice principles and RBI regulations.
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News and Media
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