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The Advertising Standards Council of India on Tuesday said the popular professional networking platform LinkedIn lacks disclosure tools and asked content creators or influencers to come clear on their associations. The self-regulatory organisation for the advertising sector reported in the last week alone, alert professionals on LinkedIn have flagged 60 cases, of which 56 cases are currently under review for violations related to non-disclosure of material connections. "Unlike other popular social media platforms, LinkedIn does not provide platform disclosure tools," an official statement from the Advertising Standards Council of India (ASCI) said. "LinkedIn influencers are seasoned professionals and trusted voices in their respective fields; this makes it all the more important for them to lead by example when it comes to responsible influencing," the body's secretary general and chief executive Manisha Kapoor said. In an advisory to such influencers, ASCI said that non-disclosure
Intensifying its crackdown on finfluencers, markets regulator Sebi on Monday restrained seven entities, including Mohd Nasiruddin Ansari, who ran unauthorised investment advisory services in the name of 'Baap of Chart', for up to one year. The regulator also directed the entities -- Nasiruddin Ansari, Rahul Rao Padamati, Tabraiz Abdullah, Asif Iqbal Wani, Golden Syndicate Ventures Pvt Ltd (GSVPL), Mansha Abdullah and Jadav Vamshi -- to refund Rs 17.2 crore within three months. Ansari runs a profile on social media platform X (formerly Twitter) by the name of 'Baap of Chart' where he used to offer buy/sell recommendations in the stock market. The recommendations were given in the garb of providing educational training related to the securities market, according to Sebi. Additionally, the regulator slapped a penalty of Rs 20 lakh on Ansari, Rs 2 lakh each on Padamati, Tabraiz Abdullah, Wani, GSVPL, Mansha Abdullah, and Vamshi. "In my view, unregistered investment advisors like Nasir
More than 500 social media influencers are set to undertake a month-long 4,500-km yatra tracing the route taken by Lord Ram to return to his kingdom in Ayodhya from Tamil Nadu's Rameshwaram after his exile. According to organisers of the Ramotsav Yatra, it will cover five states -- Tamil Nadu, Karnataka, Maharashtra, Madhya Pradesh and Uttar Pradesh. Apurva Singh, who is part of the Ramotsav Yatra team, told PTI on Tuesday that the month-long yatra will start from Indore in Madhya Pradesh on January 14. "Over 500 influencers, Instagrammers, YouTubers, bloggers, sports and Bollywood celebrities will participate in the yatra," Malay Dixit, another key member of the organising team, told PTI. The event is being organised by the Ram Mahotsav Yatra Samiti formed by the All India Influencers Association, he said. This comes in the run-up to the consecration ceremony at the Ram temple in Ayodhya on January 22. "This journey of ours is not only didactic but also a celebration of the jour
The rise of financial influencers or finfluencers, who charge as high as Rs 7.5 lakh for a post on social media, introduced a new way for people to access and interpret financial information, and now they will soon come under the regulatory purview as Sebi proposed measures to curb their mushrooming numbers. The proposed move by Sebi not only ensures that investors receive accurate and unbiased information but also helps in preserving authenticity and reducing fraud, Anand Rathi Wealth Deputy CEO Feroz Azeez told PTI. Under the proposal, finfluencers need to be registered with Sebi and adhere to specific guidelines. Also, it has been proposed to ban unregistered finfluencers from partnering with mutual funds and stockbrokers for promotional activities. While many finfluencers provide valuable insights, there has been a growing concern over the potential risks associated with unregulated finfluencers who might offer biased or misleading advice. They usually work on a commission-based