A Mumbai court has rejected Yadav’s plea for anticipatory bail in a case involving a Rs 10 crore fraud.
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Mounting concentration risk has forced the fund house to change tack yet again. While shifting focus to small-cap stocks from defensive ones could somewhat help, such frequent switches are less than ideal.
The CEO of the financial services business of the Aditya Birla Group has little to show for her near three years at the helm. That her digital push has turned out to be a dud only makes it worse.
The regulator has eased the eligibility criteria to become a registered investment advisor, but the compliance procedures could still make social media influencers offering financial advice wary of registration.