The broking industry's pecking order is set to change with Groww, a fin-tech startup from Bengaluru, poised to topple the industry's poster boy, Zerodha, as the leading brokerage in the number of active investors. According to data provided by the portal Topsharebrokers.com, Zerodha has 6.32 million active investors, while Groww is at 5.99 million. It is projected that Groww, which has grown at a much faster clip over the past two years, will surpass Zerodha this month, or next month.
The equity cult has grown at a rapid pace in India in the last few years, with retail investors latching on to the stock markets like never before. At 126.6 million, the number of dematerialised (demat) accounts, where investors hold their securities in electronic form for trading purposes, are at record high levels. The growth rate, on an annualised basis, stood at 27 per cent in 2022-2023, up from barely 6 per cent a decade ago.
The Indian startup ecosystem has lauded the inclusion of startups in the New Delhi Leaders' Declaration for the first time ever in the history of G20. Industry stakeholders say that the move will lead to easier access to capital, reduce regulatory hurdles, and may revive funding activity. The Declaration, through the Startup20 initiative, recognised startups as "natural engines of growth" and key to socio-economic transformation by driving innovation and creating employment.
Heightened volatility and lacklustre returns continue to make a dent in retail participation in the equities cash market segment. The percentage of retail participation in the average daily turnover in the National Stock Exchange's (NSE's) cash segment has come down to 40.8 per cent in February 2023, from 52 per cent a year ago. At the peak, retail investors accounted for nearly two-thirds of cash market volumes in July 2020.
Start-up entrepreneurs nearly doubled their contribution to philanthropy in 2022 but their numbers shrank. They decreased to only three (from five) in the top 100 of the Edelgive Hurun India Philanthropy List of 2022 which was released on Thursday. Over the year, no new start-up whizz kid joined the list either. The three start-up entrepreneurs who made it to the list contributed collectively Rs 166 crore in FY22, nearly double that of Rs 83 crore in FY21.
Sebi has restructured its advisory committee on market data that recommends policy measures pertaining to areas like securities market data access and privacy. Rejigging its market data advisory committee, Sebi has said the panel will now have 21 members, as per the latest information with the regulator. Earlier the committee had 20 members. The committee is chaired by M S Sahoo, Professor at National Law University, Delhi and former chairperson, Insolvency and Bankruptcy Board of India (IBBI).
'A lot of first-time users who have entered the markets after Covid are increasingly investing in mutual funds, exchange-traded funds, and stocks for their long-term goals.'
As the shocking CCTV visuals of the cruel incident went viral on social media platforms and news channels started telecasting it, police took the 20-year old accused into custody in the early hours of Friday and recorded his arrest later in the day.
'Personally, I have reached that stage where I think material things can't give you any satisfaction.'
JLO's dazzling bride, Kamal Haasan's action packed antics, Karan Johar in gossip mode, Sukanya Verma says it's all there on OTT this week.
This fitness challenge is not for the faint-hearted.
'Younger investors start their journey with very little capital so they are risking less while they have a lot of time to experiment and learn early on.'
In an online chat with Get Ahead readers on October 9 Nithin Kamath, CEO, Zerodha.com answered readers' queries on how to trade in futures and options.
Software giant Wipro's Azim Premji donated Rs 9,713 crore or Rs 27 crore a day to retain his top rank among Indian philanthropists in FY21. Premji, the founder chairman of the company, increased his donation by nearly a fourth during the pandemic year, as per the Edelgive Hurun India Philanthropy List 2021, which had HCL's Shiv Nadar at second place with contributions of Rs 1,263 crore towards upliftment causes. Mukesh Ambani of Reliance Industries, India's richest man, came third on the list with a Rs 577 crore contribution and was succeeded by Kumar Mangalam Birla with Rs 377 crore.
Along with the lead cast of Nithin and Nithya Menen, Badminton champion Jwala Gutta will also make a special apperance.
Vice-captain V R Raghunath, Rupinder Pal Singh and Nithin Thimmaiah scored a brace each to guide India to a resounding 9-1 win over minnows Oman and register their second straight victory in the men's Hero Hockey World League.
After her exploits on badminton court, ace Indian shuttler Jwala Gutta is now making her foray into the tinsel town and she will be seen shaking a leg in a dance number for a Telugu film titled Gunde Jaari Gallanthayyinde (GJG).
Indian American Nithin Tumma, 17, won the 2012 Intel Science Talent Search, the nation's oldest and most prestigious high school research competition.
Former World champion P V Sindhu needed 36 minutes to get the better of the 21-year-old Chaliha 21-7, 21-18 and set up a last-four meeting with Thailand's Supanida Katethong.
17,695 songs gives the legendary singer the Guinness record!
Half of the nation's 100 richest saw gains rising a collective 14% to $517.5 billion, says Forbes. Forbes released 2020's top 100 richest Indians on Thursday, which included newcomers, Sanjeev Bikhchandani, co-founder of Info Edge (India), who owns popular job and property websites; siblings Nithin and Nikhil Kamath, co-founders of discount stock brokerage Zerodha Broking, and three specialty chemicals producers - Vinod Saraf, founder of Vinati Organics, Arun Bharat Ram, the patriarch of SRF, and brothers Chandrakant and Rajendra Gogri of Aarti Industries. Other newcomers included Delhi-based brothers Ramesh Kumar and Mukand Lal Dua of Relaxo Footwears, which owns affordable footwear brands; dairyman, R G Chandramogan of Hatsun Agro; Premchand Godha, who chairs IPCA Laboratories, manufacturing formulations, bulk drugs and drug intermediates; G Rajendran, founder of jewellery chain, GRT Jewellers.
Markets regulator Sebi's proposal of treating all orders emanating from application programming interface (API) as algorithmic or algo order can restrict the growth of such trading in India, brokerage houses said on Monday. In market parlance, algo trading refers to any order that is generated using automated execution logic. The algo trading system automatically monitors the live stock prices and initiates an order when the given criteria are met.
Last year, Nikhil Kamath and his brother Nithin jettisoned into a club of the country's 100 wealthiest with their net worth pegged at around Rs 24,000 crore
Mutual funds aspirants have the option of snapping up smaller AMCs or applying for a new licence.
As the deadly second wave of the Covid-19 pandemic rages on, startups and technology firms are realising the burnout effect it is having on employees. Many have shortened their work weeks to four days, while others have made provisions for more time off for employees to help them rejuvenate or care for loved ones.
Billionaire and Mahindra Group chairman Anand Mahindra along with top Silicon Valley investors Naval Ravikant and Balaji Srinivasan are backing space tech start-up Agnikul as part of a new funding round. Chennai-based Agnikul said, on Thursday, that it has raised $11 million in Series A funding round led by Mayfield India. It is the largest funding round for a private Indian space technology company in the country. Existing investors pi Ventures, Speciale Invest and Artha Venture Fund also invested in this round.
'In the business of money, where you are regulated, the liability lies on the head of the acquirer.' 'It is not a good thing when you cannot spot the risks.'
Plagued by injuries, India named a young 18-member squad to be led by the inspirational Sardar Singh in the crucial Asia Cup hockey tournament scheduled from August 24 to September 1 in Ipoh, Malaysia.
Mandeep Singh and Nick Wilson scored twice each to help hosts Ranchi Rhinos beat Uttar Pradesh Wizards 4-2 in a thrilling encounter and enter the summit clash of the inaugural Hockey India league in front of a packed Astroturf Hockey Stadium in Ranchi.
It appears as though former Karnataka Chief Minister B S Yeddyurappa has fallen in line, at least for now. After being handed out some very tough talk by Bharatiya Janata Party president Nithin Gadkari, Yeddyurappa has now reserved his decision for February 27th.
So far, brokers only reported margins at the end of the day, which is why they were able to give additional leverage even if the client didn't have minimum margins.
Nithin Tumma was announced the winner of the Junior Nobel prize science competition while 2 other Indian American kids found their place in the top 10.
An Indian-American teenager has won a prestigious Science talent competition in the United States for his research on devising a more effective and less toxic breast cancer treatment, walking away with a whooping $100,000. Nithin Reddy Tumma topped the Intel Science Talent search that also saw two other Indian Americans -- Neel Patel from Florida and Anirudh Prabhu from Indiana -- finding a place in the top 10. The winners overcame competition from a group of 40 finalists.
Denying reports of his resignation, Karnataka Chief Minister Sadananda Gowda has said the question of a leadership change does not arise in Karnataka.
Karnataka Chief Minister B S Yeddyurappa made it clear yet again on Monday that he would not step down from his post.
A meeting that was meant to layout the roadmap for the Karnataka Bharatiya Janata Party ended abruptly on Friday with some tough talk by party president Nitin Gadkari aimed directly at former Chief Minister B S Yeddyurappa.
This is not the first time that users of Zerodha clients have faced technical issues. As recently as February, 2019, the platform faced a connectivity issue that led to a pile-up of orders.
The Bharatiya Janata Party on Monday launched a campaign against Karnataka Governor H R Bhardwaj demanding his immediate recall and knocked at the doors of Prime Minister Manmohan Singh, who gave an assurance that "nothing unconstitutional" will be done.
A summary of the first day's play in the Ranji Trophy quarter-final matches.
Bitten by the filmmaking bugs, MBA students from the Indian School of Business have now made a feature film starring Anupam Kher and Mahie Gill amongst others.
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