The FinTech Hub
Source: Live Mint Nikhil Kamath, co-founder of Zerodha, and True Beacon, an asset management company, after repudiating the idea of owning a house for a long time has eventually caved in, and decided to buy one. He made the revelation recently on his WTF podcast with real estate tycoons Irfan Razack, chairman and MD of…
Source: Live Mint The total number of demat accounts in India reached 175 million in September 2024, according to Motilal Oswal report. This reflects an increase of 4.4 million accounts added during the month, resulting in an average monthly addition of 4 million accounts year-to-date for FY25. The report highlights a notable rise in demat…
Source: Live Mint Brokers collect exchange transaction fees from traders and pass them on to exchanges; however, exchanges used to give these brokers discounts for fetching massive volumes, something the brokers used to keep for themselves. The debut of the new regime on 1 October ends this practice, forcing brokers to transfer the entire transaction…
Source: Live Mint MUMBAI : Angel One Ltd gained about 7% in the last two trading sessions following its decision to charge brokerage for cash delivery trades. The Street has cheered the move as the likely gains from the strategy seem enough to offset the impact of true-to-label pricing norms. The stock price uptick implies…
Source: Business Standard 3 min read Last Updated : Sep 25 2024 | 7:37 PM IST Discount stock broker Zerodha reported a 61.5 per cent year-on-year jump in profit during the financial year 2023-24 to Rs 4,700 crore, while revenues jumped 21 per cent to Rs 8,320 crore. If the brokerage firm were…
Source: Business Standard 4 min read Last Updated : Sep 17 2024 | 5:29 PM IST Discount brokerage firm Zerodha today, September 17, announced the launch of its new trading feature on its desktop-based Kite trading platform namely – ATO (Alert Trigger Orders). ATO – Alert Trigger Orders facilitates users to set pre-determined…
Source: Live Mint “I couldn’t breathe from one side of the nose. The surgery would have cost me S$17,000 in Singapore (nearly ₹10 lakh). When I discussed the issue with a doctor in India based in Bhopal, he told me he would do it for ₹50,000,” he says.“Even though I had a private health plan…
