Avadhut Sathe’s trading academy is under Sebi scrutiny after raids over alleged penny stock promotions. While ASTA insists it offers training, not tips, regulators are tightening oversight of financial influencers. Sathe, known for Bollywood-style teaching, faces a test of credibility amid rising retail participation and stricter compliance.
Tamilnad Mercantile Bank Q1 profit jumps 35% on strong income growth
Tamilnad Mercantile Bank reported a 35% year-on-year rise in June quarter net profit to Rs 412 crore, driven by higher income and net interest income.