SEBI Orders Avadhut Sathe Academy To Refund Rs 546 Crore To Participants

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• Retail investors are not more sophisticated than 30 years ago, says former hedge fund manager

  Retail investors are still susceptible to biases such as extrapolation bias, which can lead to overconfidence in market trends, according to Elm Wealth's Victor Haghani. This bias can make investors believe that recent performance will continue, despite the market's volatility. Haghani advises that broad market index funds are cost-effective and accessible for retail investors, emphasizing the importance of understanding and explaining their investment strategies to friends.

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• Netanyahu floats Crypto to bypass sanctions

  Israeli Prime Minister Benjamin Netanyahu has proposed using cryptocurrencies and blockchain technology to bypass international sanctions, aiming to maintain financial operations and provide a flexible, secure framework that withstands scrutiny. This innovative approach leverages blockchain for transparency and traceability, potentially circumventing sanctions.

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• Kotak Bank's interest income lifts Q2 profit by 26%

  Kotak Bank reported a 26% increase in its Q2FY27 profit, driven by a 29% rise in standalone PAT to Rs 4,212 crore from Rs 3,253 crore in Q2FY26. The bank's net interest income (NII) for the quarter grew 16% YoY to Rs 8,459 crore from Rs 7,311 crore in Q2FY26. The bank's consolidated customer assets, including advances and credit substitutes, increased 21% YoY to Rs 6,99,250 crore from Rs 5,76,339 crore a year earlier.

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