The Daily Brief A ₹104 Cr Fraud? SEBI’s Latest Investigation!
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Feb 10, 2025 Delve into the shocking investigation by SEBI into a trading education scam that misled countless students, costing them dearly. Discover the startling ₹104 crore fraud linked to unauthorized investment advice. As India's economy faces pressure, learn about the RBI's decision to cut the policy rate to 6.25%, reflecting ongoing concerns over growth. Plus, explore the evolving challenges in cooking oil prices and recent trends in the automobile sector, illustrating the resilience of Indian markets amidst adversity.
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SEBI Uncovers Trading Scam
- SEBI uncovered a scam involving Ashmitah Patel, who claimed to be a trading expert.
- Her company charged high fees for courses promising unrealistic returns, manipulating students into investing heavily.
Be Skeptical of Guaranteed Returns
- Be wary of social media influencers promising guaranteed returns in the stock market.
- Approach claims of perfect trading systems with skepticism.
RBI Cuts Repo Rate
- The RBI cut the repo rate for the first time in five years to 6.25%, aiming to stimulate economic growth.
- This move comes amid concerns about a slowing Indian economy, differing inflation expectations, and global economic uncertainties.