Latest news with #150
Borneo Post
3 days ago
- Borneo Post
Police nab two suspected drug pushers in Mukah
Police conduct a search on a suspect during the operation. MUKAH (June 8): Two foreigners, believed to be drug pushers operating in the Mukah town area, were arrested in front of a shop building in Jalan Boulevard Setiaraja, here at around 8pm last night. Mukah district police chief DSP Muhamad Rizal Alias, in a statement, said the suspects were apprehended during an operation conducted by the Mukah District Police Headquarters' (IPD Mukah) Narcotics Criminal Investigation Division, following intelligence and surveillance efforts. 'During the operation, two male suspects were detained and searched. Police found three transparent plastic packets containing crystal-like substances were found on the first suspect, while one packet was discovered on the second suspect. 'The substances are believed to be methamphetamine (syabu),' he said, adding that the confiscated drugs weighed 10.30g with an estimated street value of RM1,150. Muhamad Rizal noted that the suspects, aged 38 and 54, were reportedly working as labourers at a palm oil plantation. 'They were taken to IPD Mukah for further investigation, with urine tests confirming negative results for drug use.' He said the suspects have been remanded for four days until June 12, and the case is being investigated under Section 39A(1) and Section 12(2) of the Dangerous Drugs Act 1952. Mihamad Rizal urged the public to report any drug-related activities to the Mukah IPD hotline at 084-871222. drug possession drug pushers foreigners lead Muhamad Rizal Alias Mukah
New Indian Express
3 days ago
- Automotive
- New Indian Express
India's EV policy: Can it deliver?
To encourage global brands to invest under the Scheme, they will be allowed to import Completely Built-in Units (CBUs) of e-4W with a minimum Cost, Insurance and Freight (CIF) value of $35,000 at reduced customs duty of 15% for five years from the application approval date. To avail this important benefit of the scheme, manufacturers would be required to make minimum investment of Rs4,150 crore. The maximum number of electric four-wheelers allowed to be imported at the reduced duty rate is capped at 8,000 units per year. The carryover of unutilised annual import limits would be permitted. The maximum benefits from this duty reduction are topped at Rs6,484 crore or the actual investment amount, whichever is lower. Manufacturers are also required to meet certain criteria including the need to achieve an annual turnover of at least Rs2,500 crore by the second year, Rs5,000 crore by the fourth year, and Rs7,500 crore by the fifth year. Additionally, they must reach local value-addition targets of 25% by the third year and 50% by the fifth year. They are also required to be of a certain size. The Global Group's Revenue (from automotive manufacturing) has to be at least Rs10,000 crore and if the applicant is an investment company, the revenue should not be less than Rs3,000 crore. The application widow under the scheme is likely to open soon, and will remain open for 120 days. However, the government can reopen the window as and when required till March 15, 2026. Union heavy industries minister H D Kumaraswamy has said that global players including Mercedes, Volkswagen-Skoda, Hyundai, and Kia have shown interest in applying under the EV policy.
Time of India
28-05-2025
- Climate
- Time of India
More rain in Marathwada likely in next 48 hrs: IMD
At Ingali village in Hatkanangale tehsil of Kolhapur district, a protective wall of a water well, known as "Sahamot", in front of a mosque collapsed early on Wednesday morning. The road adjacent to the well also caved in, putting the houses and the mosque in the area at risk. India Meteorological Department (IMD) locations at Chas ARG and Ahilyanagar city recorded 130mm and 70mm rainfall, respectively, in the 24 hours ending 8.30am Wednesday. Rain continued to batter Latur and Jalna districts in Marathwada. Latur received 120mm of rain in the 24 hours ending 8.30am Wednesday. Thirty-five revenue circles reported heavy rainfall of over 65mm during the past 24 hours — ending Wednesday morning. This included a maximum of 17 circles in Jalna district, followed by five circles each in Chhatrapati Sambhajinagar and Latur districts, four circles in Hingoli and three circles in Nanded. Tin roofs of around 60 homes at Jawkheda village at Bhokardan taluka of Jalna district were blown away by the heavy winds on Tuesday evening. In Latur, a makeshift diversion bridge on Renapur-Ashta road was washed away on Tuesday evening, leading to traffic diversion. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 5 Books Warren Buffett Wants You to Read In 2025 Blinkist: Warren Buffett's Reading List Undo An IMD official said many parts of Marathwada were likely to receive more rainfall for the next 48 hours, with some areas receiving a "yellow" alert with chances of thunderstorms accompanied by lightning and light to moderate rainfall amid gusty winds. In the Madhya Maharashtra region, Gaganbawada in Kolhapur received 110mm of rain in 24 hours till Wednesday morning, followed by Radhanagari (70mm, also in Kolhapur) and Jat in Sangli district 60mm. In the coastal Konkan belt, Lanja in Ratnagiri and Vaibhavwadi in Sindhudurg district recorded 110mm and 100mm rain, respectively, while Devgad in Sindhudurg recorded 70mm. In Nashik, intense rainfall disrupted trading activities at Lasalgaon agriculture produce market committee, the country's biggest wholesale onion market, on Wednesday morning. Wholesale onion rates at Lasalgaon saw a 20% increase _ reaching Rs1,375 per quintal from Saturday's Rs1,150 per quintal. The rain-induced supply shortage contributed to this price surge. The intensity of rain in Kolhapur city and district dropped on Wednesday morning with a few on-and-off spells of showers throughout the day. The water level of the Panchaganga River on Wednesday evening was at 19.6ft at the Rajaram barrage in the Kasba Bawda area of Kolhapur city. The warning level is 39ft and danger mark 43ft. Eleven barrages in Kolhapur district continued to be inundated because of the swollen river. The district received 20mm of rainfall on Wednesday. Between 8.30am and 8.30pm on Wednesday,Colaba and Santacruz recorded 30mm and 35mm, respectively. Alibag in Raigad district recorded 39mm of rain. Malegaon and Solapur received 19mm each and Nashik 21mm. All prominent cities in the Marathwada region and 10 in the Vidarbha region did not log any rainfall during this period on Wednesday.
Economic Times
26-05-2025
- Business
- Economic Times
Lost money to finfluencers' advice? All that glitters is not gold, here's how to steer clear of non-credible financial advice
Tired of too many ads? Remove Ads Lack of transparency Tired of too many ads? Remove Ads Popular in Wealth 1. FD rate up to 9.1% for senior citizens investing for 5 years; Know the list of banks Tired of too many ads? Remove Ads Who's most at risk? Be selective in trusting Regulating advice Despite tighter regulations and slightly increased awareness of the risks, the recent Gensol Engineering case shows that the menace of unregistered advisers (most finfluencers would fall here) persists. As per a 18 April story in The Economic Times ( some investors lost up to 95% of their wealth. The story pointed out how finfluencners like Aditya Joshi and Prashant Mishra were taken in by the phenomenal rise of Gensol promoters Anmol Singh Jaggi and his brother Puneet Singh Jaggi, and then caught off-guard when corporate governance issues came to light. Sadly, this is not the Gensol episode is yet another wake-up call—even for those who didn't invest in it. Acting on social media tips without verifying the facts can land investors in a trap. While some influencers may unknowingly promote dubious stocks, others do so with clear intent.'Many are paid to create hype as part of pump-and-dump operations. They don't gain from the stock's performance. Their earnings come from promotional fees, while the real operators quietly exit, leaving retail investors exposed,' says Piyush Singh, a stock trading expert who documented the finfluencers saga at Gensol in detail after the Securities and Exchange Board of India Sebi ) probe was revealed.A 20 March 2025 survey by the CFA Institute reveals that 59% of Indian finfluencers have had one or more brand sponsorships yet 63% of them failed to disclose their financial affiliations. The findings are based on a poll of 1,615 retail investors and a content review of 51 lack of transparency makes it difficult to distinguish between genuine advice and paid promotions. 'Don't invest in stocks unless you know how to analyse them fundamentally,' cautions Rs.2 lakh in Tejas Networks when the share price was Rs.1,150. Now his investments are down a third of the amount of stock (X@adeptmarket)The Gensol incident is a mere drop in the bucket. In 2022, a similar case emerged with crypto platform Vauld, heavily promoted by finfluencers; the platform later blocked withdrawals, leaving many investors stranded. Yet, such incidents rarely prompt caution until investors suffer losses Delhi-based data professional, Anurag Rawat. He invested Rs.2 lakh in Tejas Networks at Rs.1,150 per share, following a recommendation from a finfluencer on X known as Grandmaster of stock @Adept Market. Today, the stock trades at Rs.742; a fall of nearly 36% below his purchase price. 'It was hard to even save that money since I had just started working,' Rawat had clearly ignored the disclaimer in the influencer's bio — 'not Sebi-registered' and 'only for educational purposes.' Like many new investors, Rawat hoped to strike it big. Now he is more cautious. 'I don't rely on anyone's advice on social media anymore. I stick to credible news sources and registered advisers,' he experience is not unique. Nearly 17% of investors admitted to losing money by following influencer advice as per the CFA institute survey. It's tempting to believe you won't fall into this category — until you investors are even more vulnerable, falling for advice that doesn't even come from well-known sources. Hyderabad-based Sandeep Shukla, for instance, invested Rs.2.5 lakh from his father's Provident Fund (PF) and savings after receiving a direct message on Instagram from an unknown user promoting a Telegram channel with daily stock trading tips.'I had made the worst decision of my life. While I made small profits at first, I eventually lost everything,' he says. This shows that the danger doesn't only lie in blindly following well-known influencers, but also in trusting financial tips from unverified sources on social market regulator Sebi has warned investors many times to stay away from unregistered advisers, including the latest advisory issued on 21 May, cautioning the public about fake profiles impersonating celebrities, public figures and Sebi-registered entities. In Shukla's case, it wasn't a finfluencer who misled him, it was his lack of is now financially literate. Investors' greed also plays a you see a finfluencer following any of these practices, RUN!Any stock recommendation should come with clear, verifiable reasons— something that can be cross-checked by the an impossible target, like `2,500 for a stock currently priced at `300, is a warning influencers often don't track their advice. They delete posts after a week and vanish without a out if they run down others while promoting their own offerings, saying 'do it yourself' and 'buy my course.'If they push you to join an Insta or Telegram group that leads to losses, beware—it could be part of a hidden investments you do not understand. Also, if it's too good to be true, it is indeed too good to be cautious of influencers who offer paid trading tips—it's often a tactic designed to lead you to losses.A mix of low financial literacy and the lure of quick money often draws young investors to unverified online advice. The CFA survey shows those aged between 26-30 are most likely to seek guidance on YouTube and Instagram. Traditional advice can feel intimidating, while finfluencers use relatable language, memes, and reels to simplify things. Investors should be cautious. Bold claims that a stock will 'skyrocket' without solid reasoning are red flags. Many such voices are either pushing paid courses, promoting companies for a fee, or building a personal brand without real expertise. Some also earn commissions through broker tieups when investors buy stocks they reckless advice extends beyond stocks. During the crypto boom, many finfluencers hyped it up. In 2022, Jaipur student Gaurav Sharma invested Rs.60,000 after watching finfluencer Akshat Shrivastava praise crypto returns. A few months later, market volatility wiped it all out. ET Wealth reached out to Shrivastava through LinkedIn, email, and X but didn't receive a victim to a Telegram channel that provided stock market trading tips. He invested Rs.2.5 lakh from his father's PF and savings account and lost all of that in a matter of trader'That's when I decided never to act on online advice blindly. I turned to a registered professional instead,' says Sharma, who consulted certified financial planner Anish Aggarwal. 'He helped me understand the value of SIPs and long-term investing.' Sharma now sticks to the mutual funds route building wealth in a sustainable financial advice flooding the internet, identifying who to trust can be overwhelming. Some finfluencers genuinely aim to simplify money matters and guide investors towards better decision-making. For instance, Pranjal Kamra, a well-known finfluencer is also a Sebi-registered investment adviser. 'We do not deal in intraday trading, currency or commodity futures and options, or individual stocks. Even morally, it's risky to recommend volatile assets on social media — viewers may see a buy call but miss the later sell, creating a communication gap,' he how to separate the helpful from the harmful is critical. Look for educators or channels who focus on long-term financial behaviour, not shortcuts or quick wins. Finfluencers selling courses, naming specific stocks, or pushing 'get-rich-quick' strategies should raise red flagsMost importantly, check credentials. Stick to advisers registered with Sebi — it's easy to verify this on its website by searching for their name or registration number in the intermediary directory. This will help you filter out the noise because of the 51 Indian finfluencers surveyed by the CFA Institute, only 2% were Sebi-registered. These licensed advisers are bound by professional standards and can be held accountable for misinformation or unethical Rs.60,000 in crypto through Vauld due to the promise of high returns but ended up losing it all. Even if he hadn't suffered a loss, he would have lost his money due to the Vauld ShrivastavaSebi is already taking steps to rein in unregulated finfluencers (See Clickbait to crackdown, P4), such as restricting the use of live market data by those offering trading tips under the guise of education. 'Sebi's move to bring unregulated advisers under the regulatory framework is commendable, but there's still a long way to go. Several loopholes remain,' says Anand K. Rathi, Co-founder, MIRA Chitlangia, Founder of FinShiksha, echoes the need for regulatory clarity. 'It's tough to monitor everything shared on social media. Sebi should also focus on building awareness among content consumers so that they can distinguish between credible and dubious advice,' he financial awareness is the strongest defence. If you're consuming content online, you are responsible for evaluating it critically. Recognise your own psychological biases like fear of missing out or greed and pause before following any advice or a random channel. In the age of content overload, financial caution is if you find yourself often relying on finfluencers for guidance, or worse, tips from social media or through Telegram channels you are a part of, then you need the help of a Sebi-registered investment adviser or a good mutual fund distributor, both with a good track financial advice on social media went wrong for Singapore-based crypto lending platform suspended operations in July 2022, leaving investors in limbo. Finfluencers such as Ankur Warikoo—who earned `4.47 lakh for promoting it—were associated with the brand. 'It is the responsibility of every creator to have skin in the game because talk is cheap,' Warikoo later told a Ansari positioned himself as a stock market expert, enticing investors with promises of guaranteed returns of at least Rs.3 lakh and offering multiple stock tips. Sebi later banned him and imposed a hefty fine of Rs.17.2 prices of Sadhna and Sharpline Broadcast were artificially inflated through misleading YouTube channels—'The Advisor' and 'Moneywise'—run by Manish Mishra. Sebi barred Mishra from the securities market for allegedly deceiving aspiring traders lost money to this. Sebi cracked down on Asmita Patel for running an unregistered investment advisory under the guise of an education program, charging students Rs.7 lakh for a course promising market mastery.
Time of India
26-05-2025
- Business
- Time of India
Lost money to finfluencers' advice? All that glitters is not gold, here's how to steer clear of non-credible financial advice
Tired of too many ads? Remove Ads Lack of transparency Tired of too many ads? Remove Ads Popular in Wealth 1. FD rate up to 9.1% for senior citizens investing for 5 years; Know the list of banks Tired of too many ads? Remove Ads Who's most at risk? Be selective in trusting Regulating advice Despite tighter regulations and slightly increased awareness of the risks, the recent Gensol Engineering case shows that the menace of unregistered advisers (most finfluencers would fall here) persists. As per a 18 April story in The Economic Times ( some investors lost up to 95% of their wealth. The story pointed out how finfluencners like Aditya Joshi and Prashant Mishra were taken in by the phenomenal rise of Gensol promoters Anmol Singh Jaggi and his brother Puneet Singh Jaggi, and then caught off-guard when corporate governance issues came to light. Sadly, this is not the Gensol episode is yet another wake-up call—even for those who didn't invest in it. Acting on social media tips without verifying the facts can land investors in a trap. While some influencers may unknowingly promote dubious stocks, others do so with clear intent.'Many are paid to create hype as part of pump-and-dump operations. They don't gain from the stock's performance. Their earnings come from promotional fees, while the real operators quietly exit, leaving retail investors exposed,' says Piyush Singh, a stock trading expert who documented the finfluencers saga at Gensol in detail after the Securities and Exchange Board of India Sebi ) probe was revealed.A 20 March 2025 survey by the CFA Institute reveals that 59% of Indian finfluencers have had one or more brand sponsorships yet 63% of them failed to disclose their financial affiliations. The findings are based on a poll of 1,615 retail investors and a content review of 51 lack of transparency makes it difficult to distinguish between genuine advice and paid promotions. 'Don't invest in stocks unless you know how to analyse them fundamentally,' cautions Rs.2 lakh in Tejas Networks when the share price was Rs.1,150. Now his investments are down a third of the amount of stock (X@adeptmarket)The Gensol incident is a mere drop in the bucket. In 2022, a similar case emerged with crypto platform Vauld, heavily promoted by finfluencers; the platform later blocked withdrawals, leaving many investors stranded. Yet, such incidents rarely prompt caution until investors suffer losses Delhi-based data professional, Anurag Rawat. He invested Rs.2 lakh in Tejas Networks at Rs.1,150 per share, following a recommendation from a finfluencer on X known as Grandmaster of stock @Adept Market. Today, the stock trades at Rs.742; a fall of nearly 36% below his purchase price. 'It was hard to even save that money since I had just started working,' Rawat had clearly ignored the disclaimer in the influencer's bio — 'not Sebi-registered' and 'only for educational purposes.' Like many new investors, Rawat hoped to strike it big. Now he is more cautious. 'I don't rely on anyone's advice on social media anymore. I stick to credible news sources and registered advisers,' he experience is not unique. Nearly 17% of investors admitted to losing money by following influencer advice as per the CFA institute survey. It's tempting to believe you won't fall into this category — until you investors are even more vulnerable, falling for advice that doesn't even come from well-known sources. Hyderabad-based Sandeep Shukla, for instance, invested Rs.2.5 lakh from his father's Provident Fund (PF) and savings after receiving a direct message on Instagram from an unknown user promoting a Telegram channel with daily stock trading tips.'I had made the worst decision of my life. While I made small profits at first, I eventually lost everything,' he says. This shows that the danger doesn't only lie in blindly following well-known influencers, but also in trusting financial tips from unverified sources on social market regulator Sebi has warned investors many times to stay away from unregistered advisers, including the latest advisory issued on 21 May, cautioning the public about fake profiles impersonating celebrities, public figures and Sebi-registered entities. In Shukla's case, it wasn't a finfluencer who misled him, it was his lack of is now financially literate. Investors' greed also plays a you see a finfluencer following any of these practices, RUN!Any stock recommendation should come with clear, verifiable reasons— something that can be cross-checked by the an impossible target, like `2,500 for a stock currently priced at `300, is a warning influencers often don't track their advice. They delete posts after a week and vanish without a out if they run down others while promoting their own offerings, saying 'do it yourself' and 'buy my course.'If they push you to join an Insta or Telegram group that leads to losses, beware—it could be part of a hidden investments you do not understand. Also, if it's too good to be true, it is indeed too good to be cautious of influencers who offer paid trading tips—it's often a tactic designed to lead you to losses.A mix of low financial literacy and the lure of quick money often draws young investors to unverified online advice. The CFA survey shows those aged between 26-30 are most likely to seek guidance on YouTube and Instagram. Traditional advice can feel intimidating, while finfluencers use relatable language, memes, and reels to simplify things. Investors should be cautious. Bold claims that a stock will 'skyrocket' without solid reasoning are red flags. Many such voices are either pushing paid courses, promoting companies for a fee, or building a personal brand without real expertise. Some also earn commissions through broker tieups when investors buy stocks they reckless advice extends beyond stocks. During the crypto boom, many finfluencers hyped it up. In 2022, Jaipur student Gaurav Sharma invested Rs.60,000 after watching finfluencer Akshat Shrivastava praise crypto returns. A few months later, market volatility wiped it all out. ET Wealth reached out to Shrivastava through LinkedIn, email, and X but didn't receive a victim to a Telegram channel that provided stock market trading tips. He invested Rs.2.5 lakh from his father's PF and savings account and lost all of that in a matter of trader'That's when I decided never to act on online advice blindly. I turned to a registered professional instead,' says Sharma, who consulted certified financial planner Anish Aggarwal. 'He helped me understand the value of SIPs and long-term investing.' Sharma now sticks to the mutual funds route building wealth in a sustainable financial advice flooding the internet, identifying who to trust can be overwhelming. Some finfluencers genuinely aim to simplify money matters and guide investors towards better decision-making. For instance, Pranjal Kamra, a well-known finfluencer is also a Sebi-registered investment adviser. 'We do not deal in intraday trading, currency or commodity futures and options, or individual stocks. Even morally, it's risky to recommend volatile assets on social media — viewers may see a buy call but miss the later sell, creating a communication gap,' he how to separate the helpful from the harmful is critical. Look for educators or channels who focus on long-term financial behaviour, not shortcuts or quick wins. Finfluencers selling courses, naming specific stocks, or pushing 'get-rich-quick' strategies should raise red flagsMost importantly, check credentials. Stick to advisers registered with Sebi — it's easy to verify this on its website by searching for their name or registration number in the intermediary directory. This will help you filter out the noise because of the 51 Indian finfluencers surveyed by the CFA Institute, only 2% were Sebi-registered. These licensed advisers are bound by professional standards and can be held accountable for misinformation or unethical Rs.60,000 in crypto through Vauld due to the promise of high returns but ended up losing it all. Even if he hadn't suffered a loss, he would have lost his money due to the Vauld ShrivastavaSebi is already taking steps to rein in unregulated finfluencers (See Clickbait to crackdown, P4), such as restricting the use of live market data by those offering trading tips under the guise of education. 'Sebi's move to bring unregulated advisers under the regulatory framework is commendable, but there's still a long way to go. Several loopholes remain,' says Anand K. Rathi, Co-founder, MIRA Chitlangia, Founder of FinShiksha, echoes the need for regulatory clarity. 'It's tough to monitor everything shared on social media. Sebi should also focus on building awareness among content consumers so that they can distinguish between credible and dubious advice,' he financial awareness is the strongest defence. If you're consuming content online, you are responsible for evaluating it critically. Recognise your own psychological biases like fear of missing out or greed and pause before following any advice or a random channel. In the age of content overload, financial caution is if you find yourself often relying on finfluencers for guidance, or worse, tips from social media or through Telegram channels you are a part of, then you need the help of a Sebi-registered investment adviser or a good mutual fund distributor, both with a good track financial advice on social media went wrong for Singapore-based crypto lending platform suspended operations in July 2022, leaving investors in limbo. Finfluencers such as Ankur Warikoo—who earned `4.47 lakh for promoting it—were associated with the brand. 'It is the responsibility of every creator to have skin in the game because talk is cheap,' Warikoo later told a Ansari positioned himself as a stock market expert, enticing investors with promises of guaranteed returns of at least Rs.3 lakh and offering multiple stock tips. Sebi later banned him and imposed a hefty fine of Rs.17.2 prices of Sadhna and Sharpline Broadcast were artificially inflated through misleading YouTube channels—'The Advisor' and 'Moneywise'—run by Manish Mishra. Sebi barred Mishra from the securities market for allegedly deceiving aspiring traders lost money to this. Sebi cracked down on Asmita Patel for running an unregistered investment advisory under the guise of an education program, charging students Rs.7 lakh for a course promising market mastery.
