State Street Investment Management has completed its $65 million investment in Groww Asset Management, ac ...More

State Street Investment Management has completed its $65 million investment in Groww Asset Management, acquiring a 23% stake after regulatory approvals. The partnership will focus on product development, distribution and global market access, including index funds and exchange-traded funds. Groww is also expanding into wealth management and overseas investment opportunities. ...Less

Groww AMC has completed State Street Investment Management’s strategic investment after receiving all nec ...More

Groww AMC has completed State Street Investment Management’s strategic investment after receiving all necessary regulatory approvals. State Street now holds a 4.85% voting interest and 23% economic interest in Groww AMC, with the partnership set to strengthen its capabilities across ETFs, indexing, systematic investing and global market access. ...Less

Groww widened its lead in active clients and grew faster in FY26, but Zerodha remained nearly twice as la ...More

Groww widened its lead in active clients and grew faster in FY26, but Zerodha remained nearly twice as large in revenue and profits. As retail trading cooled, Groww is adding products and going upmarket to monetise its larger user base, while Zerodha is protecting its mature profit pool and diversifying beyond broking. ...Less

Over the next three to four years, Groww will continue investing in its technology platform to improve cu ...More

Over the next three to four years, Groww will continue investing in its technology platform to improve customer onboarding and payments, CEO Lalit Keshre said. Capital expenditure would remain largely directed towards technology infrastructure, cloud capacity, cybersecurity and data systems. ...Less

With the win, Groww joins the likes of Urban Company, Lenskart, OfBusiness, Razorpay, Zomato, Zerodha, De ...More

With the win, Groww joins the likes of Urban Company, Lenskart, OfBusiness, Razorpay, Zomato, Zerodha, Delhivery, Swiggy, Oyo, Freshworks and Ola, all of which won the biggest honour over the 11-year history of the awards. ...Less

Billionbrains Garage Ventures, the parent company of Groww, will be in focus as early investor Ribbit Cap ...More

Billionbrains Garage Ventures, the parent company of Groww, will be in focus as early investor Ribbit Capital plans to sell a 1.6% stake through a block deal worth Rs 1,914 crore. The shares are being offered at Rs 195 apiece, a 4% discount to the previous close. ...Less

Groww won the top prize at the 12th edition of the Economic Times Startup Awards. The list of other winne ...More

Groww won the top prize at the 12th edition of the Economic Times Startup Awards. The list of other winners, and more, in today’s ETtech Top 5. ...Less

Groww may see a Rs 1,914 crore block deal as investor Ribbit Capital reportedly plans to sell around 1.6% ...More

Groww may see a Rs 1,914 crore block deal as investor Ribbit Capital reportedly plans to sell around 1.6% stake at Rs 195 per share. Groww shares rose 3.33% Tuesday, while strong Q1FY27 earnings showed robust profit and revenue growth. ...Less

Happy Friday! Block deals are putting startups’ private valuations to the test. This and more in today’s ...More

Happy Friday! Block deals are putting startups’ private valuations to the test. This and more in today’s ETtech Morning Dispatch. ...Less

Happy Wednesday! AMI has ordered 9,000 Nvidia Vera Rubin chips, becoming one of Asia’s first such adopter ...More

Happy Wednesday! AMI has ordered 9,000 Nvidia Vera Rubin chips, becoming one of Asia’s first such adopters. This and more in today’s ETtech Morning Dispatch. ...Less

The elite jury was chaired by Wipro executive chairman Rishad Premji. The 11-member panel deliberated for ...More

The elite jury was chaired by Wipro executive chairman Rishad Premji. The 11-member panel deliberated for nearly three hours on Tuesday to pick winners in eight categories. ...Less

Zerodha's net profit increased by 1.2 percent to ₹4,283 crore in FY26. Revenue remained largely unchanged ...More

Zerodha's net profit increased by 1.2 percent to ₹4,283 crore in FY26. Revenue remained largely unchanged from the previous year's ₹8,847 crore. Income from margin trading helped offset a slowdown in its core broking business. Smaller rival Groww expanded both revenue and profit by about 14 percent. Zerodha remains nearly twice as large on key financial measures. ...Less

Do you consider a public market company a startup, or do those not qualify? That was the big debate when ...More

Do you consider a public market company a startup, or do those not qualify? That was the big debate when the jury met to decide the next cohort of winners for The Economic Times Startup Awards 2026. ...Less

A rush of block deals in newly listed Indian startups is putting private-market valuations to the test. E ...More

A rush of block deals in newly listed Indian startups is putting private-market valuations to the test. Early investors in Groww and Meesho have made standout returns, while late-stage investments have delivered mixed outcomes. As IPO lock-ins expire, public-market price discovery is showing which private valuations hold up and how investors are cashing out. ...Less

The government has notified Semicon 2.0 to boost India’s semiconductor ecosystem. This and more in today' ...More

The government has notified Semicon 2.0 to boost India’s semiconductor ecosystem. This and more in today's ETtech Top 5. ...Less

Y Combinator has sold nearly Rs 970 crore worth of Meesho shares through a block deal, adding to its retu ...More

Y Combinator has sold nearly Rs 970 crore worth of Meesho shares through a block deal, adding to its returns from the ecommerce company. The accelerator has now realised around Rs 1,050 crore from Meesho. The sale comes days after it cashed out Rs 1,435 crore from Groww. ...Less

MSCI’s latest rebalancing is set to drive heightened trading activity in several Indian stocks on Monday, ...More

MSCI’s latest rebalancing is set to drive heightened trading activity in several Indian stocks on Monday, with revised weights taking effect from September 1. The final 30 minutes of Monday’s session could see significant activity as investors adjust positions. According to Nuvama Alternative and Quantitative Research, the changes include index additions and exclusions, along with weight revisions across several stocks. ...Less

The Indian equity market experienced a positive turnaround on Tuesday, August 25, highlighted by the Nift ...More

The Indian equity market experienced a positive turnaround on Tuesday, August 25, highlighted by the Nifty 50 making a robust recovery. Anticipation builds for Wednesday as Groww gears up for a significant block deal, while Cipla faces new USFDA inspectional observations. In other news, Tata Motors Passenger Vehicles is set to enhance its electric vehicle offerings through a collaboration with Tata Communications for 5G technology. ...Less

Y Combinator has sold Groww-parent Billionbrains Garage Ventures shares worth Rs 1,434.5 crore, earning a ...More

Y Combinator has sold Groww-parent Billionbrains Garage Ventures shares worth Rs 1,434.5 crore, earning about 54x returns on its investment. The latest transaction takes its total realised proceeds from Groww to Rs 4,132 crore. Y Combinator still holds a 46.4 crore-share stake worth nearly Rs 8,990 crore. ...Less

Investors are pouring fresh capital into wealthtech startups as demand for financial products grows. This ...More

Investors are pouring fresh capital into wealthtech startups as demand for financial products grows. This and more in today's ETtech Top 5. ...Less

Happy Thursday! Top entrepreneurs and business leaders came together in Bengaluru on August 25 to pick th ...More

Happy Thursday! Top entrepreneurs and business leaders came together in Bengaluru on August 25 to pick the winners of The Economic Times Startup Awards (ETSA) 2026. ...Less

Sauce VC founder and managing partner Manu Chandra has won the Midas Touch award for Best Investor at the ...More

Sauce VC founder and managing partner Manu Chandra has won the Midas Touch award for Best Investor at the ET Startup Awards 2026. The jury recognised his early bets on consumer startups and strong exit track record, including Sauce’s estimated Rs 500-550 crore exit from portfolio company Innovist to L’Oréal. ...Less

Indian equities reversed morning gains to close sharply lower, with Sensex falling 183 points and Nifty d ...More

Indian equities reversed morning gains to close sharply lower, with Sensex falling 183 points and Nifty declining 0.52%. IT stocks weakened on visa concerns, offsetting gains in banks and metals. Technical signals pointed to continued range-bound trading and caution. ...Less

BSE Ltd. is taking steps to engage traders in order to enhance day-end trading volumes after encountering ...More

BSE Ltd. is taking steps to engage traders in order to enhance day-end trading volumes after encountering liquidity challenges. The implementation of a new closing auction system has led to pronounced price fluctuations and diminished options turnover. According to the CEO, market participants are not experiencing the intended benefits. Since the system's rollout in August, BSE's stock has dropped sharply, prompting consideration of minor adjustments to improve efficiency. ...Less

Upstox is currently in talks with investment banks regarding a possible initial public offering. Backed b ...More

Upstox is currently in talks with investment banks regarding a possible initial public offering. Backed by Tiger Global, the company plans to hire advisers shortly for the imminent listing. This IPO could potentially generate approximately $400 million from both new and existing investors. Following Groww's impactful IPO last year, Upstox reached unicorn status in 2021 subsequent to a significant funding round. ...Less

Brokerage income fell 10.7% to Rs 2,738 crore during the year, while net transaction-charge income droppe ...More

Brokerage income fell 10.7% to Rs 2,738 crore during the year, while net transaction-charge income dropped to zero from Rs 400 crore after a regulatory change ended the rebates brokers received from stock exchanges. Annual maintenance charges rose marginally to Rs 180 crore, while interest income declined about 4% to Rs 2,269 crore. ...Less

Founded in 2023 by Siddharth Tripathi, Kali Charan Vemuru and Utkarsh Shukla, the startup counts Policyba ...More

Founded in 2023 by Siddharth Tripathi, Kali Charan Vemuru and Utkarsh Shukla, the startup counts Policybazaar, CRED, Flipkart, Groww and Practo among its customers. ...Less

Happy Wednesday! India’s new-age companies are gaining ground in public markets as more startups go publi ...More

Happy Wednesday! India’s new-age companies are gaining ground in public markets as more startups go public. This and more in today’s ETtech Morning Dispatch. ...Less

The Midas Touch award recognises the most lucrative exit of the year. The decision will be based on both ...More

The Midas Touch award recognises the most lucrative exit of the year. The decision will be based on both the number of deals and the size of the exit. ...Less

Young investors are embracing Systematic Investment Plans for disciplined wealth creation. Data shows a s ...More

Young investors are embracing Systematic Investment Plans for disciplined wealth creation. Data shows a significant rise in SIPs among those under thirty years old. Fintech platforms are observing increased SIP adoption across various asset classes. Parents are also initiating SIPs for their children's future education needs. This growing SIP habit faces challenges from market volatility and investor education. ...Less

A distinguished jury led by Wipro’s Rishad Premji will select winners for the 12th edition of The Economi ...More

A distinguished jury led by Wipro’s Rishad Premji will select winners for the 12th edition of The Economic Times Startup Awards. The awards recognise entrepreneurial excellence across categories including innovation, women-led ventures and social enterprise. The coveted Startup of the Year nominees include Porter, Skyroot Aerospace, Rapido, Meesho, Groww and Sarvam. ...Less

Indian markets fell as rising US bond yields, hawkish Fed signals, renewed US-Iran tensions and crude abo ...More

Indian markets fell as rising US bond yields, hawkish Fed signals, renewed US-Iran tensions and crude above $90 pressured sentiment, while broader indices declined and technical indicators pointed to continued near-term volatility. ...Less

Indian equities rebounded on Friday, with strong gains in heavyweight IT stocks lifting the Sensex and Ni ...More

Indian equities rebounded on Friday, with strong gains in heavyweight IT stocks lifting the Sensex and Nifty after two consecutive sessions of losses. Analysts expect range-bound trading amid mixed global cues and geopolitical tensions, while Nifty faces resistance near 24,200 and support around 23,900. ...Less

Having seen multiple cycles of a funding boom followed by a tech winter, the awards are a true testament ...More

Having seen multiple cycles of a funding boom followed by a tech winter, the awards are a true testament to the way Indian entrepreneurship has matured in the past decade, despite many crests and troughs. ...Less

BSE shares fell dropped on Wednesday after the exchange acknowledged that the newly introduced Closing Au ...More

BSE shares fell dropped on Wednesday after the exchange acknowledged that the newly introduced Closing Auction Session (CAS) had contributed to lower trading volumes. Equity derivatives turnover hit multi-month lows in August, while BSE’s average daily traded turnover declined 26% month-on-month as traders reduced activity amid heightened expiry-day volatility. ...Less

Zerodha’s profit growth has slowed as its core broking business comes under pressure. This and more in to ...More

Zerodha’s profit growth has slowed as its core broking business comes under pressure. This and more in today's ETtech Top 5. ...Less

The elite jury was chaired by one of India’s brightest next-generation leaders Rishad Premji, executive c ...More

The elite jury was chaired by one of India’s brightest next-generation leaders Rishad Premji, executive chairman, Wipro. Members of the jury included Sachin Bansal, cofounder, Flipkart and Navi; Vijay Shekhar Sharma, founder and CEO, Paytm; Mukesh Bansal, cofounder, Myntra; Mithun Sacheti, cofounder, CaratLane; Nandita Sinha, CEO, Swiggy Instamart; Ajit Mohan, chief business officer, Snap Inc; Irina Ghose, MD, Anthropic India; Paras Chopra, founder, Wingify, Lossfunk; Abhiraj Singh Bhal, cofounder and CEO, Urban Company; and Aryaman Birla, director, Aditya Birla Group. ...Less

Armatrix has won the Best on Campus award at the ET Startup Awards 2026 for its snake-like robotic arms d ...More

Armatrix has won the Best on Campus award at the ET Startup Awards 2026 for its snake-like robotic arms designed to work in narrow, hazardous industrial spaces. Founded on the IIT-Kanpur campus in 2024, the startup is running paid pilots in shipbuilding and plans to expand into aviation, oil and gas and nuclear industries. ...Less

Groww shares rose 1.91% after the company added 70,119 clients in July, taking its active client base to ...More

Groww shares rose 1.91% after the company added 70,119 clients in July, taking its active client base to 13.12 million and market share to 28.88%. The stock has gained nearly 27% in 2026 so far, outperforming the Sensex, while remaining 13% below its 52-week high. ...Less

WestBridge began monetising its holding in PhysicsWallah as the stock recovered from its post-listing low ...More

WestBridge began monetising its holding in PhysicsWallah as the stock recovered from its post-listing lows. It is likely to continue trimming its stake in the current quarter, people aware of the matter told ET. ...Less

The ET Startup of the Year will be characterised by breakthrough innovation, top-class execution and fast ...More

The ET Startup of the Year will be characterised by breakthrough innovation, top-class execution and fast-paced growth. The quality of the founding and management team will be an important component in decision making. ...Less

Sensex and Nifty reversed morning losses to close higher on Tuesday, amid sharp volatility on the first e ...More

Sensex and Nifty reversed morning losses to close higher on Tuesday, amid sharp volatility on the first expiry day after the closing auction session launch. Healthcare and financial stocks gained, while broader market breadth remained mixed and cautious. ...Less

Upstox has crossed 2 crore demat accounts, with 85% of customers from Tier-II and Tier-III cities and 70% ...More

Upstox has crossed 2 crore demat accounts, with 85% of customers from Tier-II and Tier-III cities and 70% first-time investors. The investment platform aims for 10 crore users within five years and is reportedly exploring a $350-400 million IPO. ...Less

Founded in 2020 by Saurabh and Trishala Bothra and Anshul Agrawal, the platform aimed to make yoga more a ...More

Founded in 2020 by Saurabh and Trishala Bothra and Anshul Agrawal, the platform aimed to make yoga more accessible and has become one of India's largest digital wellness platforms, growing without external funding. ...Less

Gold and silver ETFs fell sharply on Monday, with some funds declining up to 8% as precious metal prices ...More

Gold and silver ETFs fell sharply on Monday, with some funds declining up to 8% as precious metal prices extended their losses. Rising expectations of a US Fed rate hike, profit booking and a stronger dollar weighed on sentiment. Experts advised investors against panic selling and suggested rebalancing or staggered buying. ...Less

Around 19 equity mutual funds delivered over 20% returns on lumpsum investments over the last one year, a ...More

Around 19 equity mutual funds delivered over 20% returns on lumpsum investments over the last one year, according to an ETMutualFunds analysis. Small-cap funds dominated the list, with TRUSTMF Small Cap Fund topping the chart with a 33.73% return. Invesco India Smallcap Fund also featured among the top performers, delivering a 20.39% return during the period. ...Less

Varaha is helping farmers adopt sustainable farming practices such as regenerative farming, tree planting ...More

Varaha is helping farmers adopt sustainable farming practices such as regenerative farming, tree planting, biochar and enhanced rock weathering that improve organic carbon and moisture retention in soil and boost biodiversity, while reducing farmers’ dependence on synthetic inputs. ...Less

Deeptech startup Theranautilus has won the Top Innovator award at the ET Startup Awards 2026 for its work ...More

Deeptech startup Theranautilus has won the Top Innovator award at the ET Startup Awards 2026 for its work on microscopic robots that can navigate the human body for targeted treatments. Founded in 2020, the Bengaluru-based startup is developing the technology for dental care, with human trials planned for September 2026. ...Less

Emergent cofounder Mukund Jha has won the Comeback Kid award at the ET Startup Awards 2026, marking a ret ...More

Emergent cofounder Mukund Jha has won the Comeback Kid award at the ET Startup Awards 2026, marking a return after the collapse of Dunzo. The jury recognised his second act with AI startup Emergent, which recently raised $230 million at a $1.5 billion valuation and built more than 12 million applications through its AI-powered platform. ...Less

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Indian equities ended sharply lower on Thursday as expiry-day volatility intensified after the first mont ...More

Indian equities ended sharply lower on Thursday as expiry-day volatility intensified after the first monthly expiry under the Closing Auction Session. Sensex fell 539 points and Nifty 117 points, while technical indicators signalled weakening momentum amid global and geopolitical uncertainty. ...Less

Palmonas cofounder Pallavi Mohadikar and Progcap cofounder Pallavi Shrivastava jointly won the Woman Ahea ...More

Palmonas cofounder Pallavi Mohadikar and Progcap cofounder Pallavi Shrivastava jointly won the Woman Ahead award at the ET Startup Awards 2026. The jury recognised their distinct journeys in building high-impact businesses in jewellery and supply-chain finance, as both founders tackle underserved markets in the country. ...Less

India’s 50 listed, institutionally backed new-age companies are now worth $165 billion, but performance r ...More

India’s 50 listed, institutionally backed new-age companies are now worth $165 billion, but performance remains sharply divided. A growing listed universe is giving venture investors clearer exit routes and private companies more valuation benchmarks. Public-market discipline is also influencing late-stage funding and forcing companies such as PhonePe and Zepto to rethink IPO valuations. ...Less

Investment platform Upstox is exploring a potential initial public offering. The company aims to raise ap ...More

Investment platform Upstox is exploring a potential initial public offering. The company aims to raise approximately USD 350-400 million through this offering. This proposed IPO will include both new shares and an offer-for-sale. ...Less

Happy Friday! We are excited to bring to you the 12th edition of The Economic Times Startup Awards (ETSA) ...More

Happy Friday! We are excited to bring to you the 12th edition of The Economic Times Startup Awards (ETSA). A few days before our esteemed jury convenes to pick the winners, we reveal nominees for the most coveted categories: Startup of the Year and Midas Touch for the best investor. ...Less

Groww strengthened its brokerage lead in July, adding over seventy thousand active accounts. This growth ...More

Groww strengthened its brokerage lead in July, adding over seventy thousand active accounts. This growth contrasts with a general industry slowdown in user additions this year. Zerodha, the second-largest broker, continued to lose active accounts, shrinking its user base. Angel One and Upstox Securities also experienced declines in their active client numbers. HDFC Securities similarly shed active accounts during the month and year. ...Less

The day has arrived! The elite jury of The Economic Times Startup Awards 2026 will convene in Bengaluru t ...More

The day has arrived! The elite jury of The Economic Times Startup Awards 2026 will convene in Bengaluru today to select the brightest stars in India’s startup galaxy. This and more in today’s ETtech Morning Dispatch. ...Less

Indian equities snapped a seven-session losing streak as falling US bond yields, short-covering and stron ...More

Indian equities snapped a seven-session losing streak as falling US bond yields, short-covering and stronger sentiment lifted markets. Sensex surged 628 points and Nifty gained 154 points. Analysts remained cautious, citing elevated crude prices and geopolitical risks despite improving technical momentum. ...Less

The 12th edition of The Economic Times Startup Awards (ETSA) is approaching. Our esteemed jury will conve ...More

The 12th edition of The Economic Times Startup Awards (ETSA) is approaching. Our esteemed jury will convene in Bengaluru next week to pick the winners. Today, we revealed the most coveted categories of ETSA: Startup of the Year and Midas Touch, for the best investor. ...Less

July was a busy month for HDFC Mutual Fund, which ramped up its investments by increasing its stakes in a ...More

July was a busy month for HDFC Mutual Fund, which ramped up its investments by increasing its stakes in about 422 stocks. Simultaneously, the fund reduced its involvement in 164 stocks, affecting numerous prominent companies. They integrated five new stocks and fully exited from J.B. Chemicals and Nilkamal. HDFC Mutual Fund now manages a total of around 703 stocks, heavily weighted towards financial services. ...Less

Groww described the departures as part of a planned management transition, and said it does not plan to a ...More

Groww described the departures as part of a planned management transition, and said it does not plan to appoint external replacements. Its founders will work more closely with the wealth management business, while several senior Fisdom executives will take on expanded responsibilities. Fisdom's employees, clients, assets, licences, and partnerships have been integrated. ...Less

Indian equities extended losses as fading Middle East peace hopes, elevated crude prices, rising US yield ...More

Indian equities extended losses as fading Middle East peace hopes, elevated crude prices, rising US yields and weak global cues intensified risk-off sentiment. Sensex fell 493 points and Nifty 133 points, while technical indicators pointed to further downside. ...Less

MSCI announced changes to India indices, adding four stocks and removing three. India's weight in the MSC ...More

MSCI announced changes to India indices, adding four stocks and removing three. India's weight in the MSCI India Standard Index will rise slightly to 11.9 percent. Lenskart Solutions and Adani Energy Solutions are among the new inclusions. Astral and Balkrishna Industries will move to the Smallcap Index after exclusion. These changes will take effect on August 31, impacting fund flows. ...Less

Meet the high-powered jury that will pick the winners of the ET Startup Awards 2026. ...More

Meet the high-powered jury that will pick the winners of the ET Startup Awards 2026. ...Less

India’s Sensex has delivered an extraordinary 8,500% gain since the 1991 economic reforms, compounding at ...More

India’s Sensex has delivered an extraordinary 8,500% gain since the 1991 economic reforms, compounding at about 14% annually. Despite scams, crises and geopolitical shocks, the benchmark has risen across decades. ...Less

The surge in AI matchmaking startups has captured the interest of investors, paving the way for significa ...More

The surge in AI matchmaking startups has captured the interest of investors, paving the way for significant funding opportunities. These innovative platforms harness the power of artificial intelligence to elevate match success rates for users. As traditional dating apps struggle with engagement and paying users, new players are emphasising personalised connections and favourable dating outcomes. ...Less

Astral Ltd., Balkrishna Industries Ltd. and SBI Cards and Payment Services Ltd. will be removed from the ...More

Astral Ltd., Balkrishna Industries Ltd. and SBI Cards and Payment Services Ltd. will be removed from the MSCI India Index. Astral and Balkrishna Industries will, however, be moved to the MSCI India Smallcap Index. ...Less

For senior citizens seeking consistent returns, fixed deposits present an appealing option. Notably, Axis ...More

For senior citizens seeking consistent returns, fixed deposits present an appealing option. Notably, Axis Bank currently leads the market with a striking interest rate of 7.25% for a five-year term. A Rs 5 lakh investment could mature to around Rs 7.16 lakh after five years. Other prominent banks such as SBI and ICICI Bank also offer competitive rates, while HDFC Bank comes in with the lowest among these institutions. ...Less

Equity mutual fund inflows declined 15% month-on-month to Rs 24,697 crore in July, but smallcap funds att ...More

Equity mutual fund inflows declined 15% month-on-month to Rs 24,697 crore in July, but smallcap funds attracted a record Rs 7,767 crore, followed by midcaps at Rs 6,192 crore. Largecap funds recorded their first outflow in 30 months at Rs 1,321 crore, highlighting continued investor preference for growth-oriented segments. ...Less

The ambition is backed by a rapid expansion in Groww’s affluent customer base. The number of active afflu ...More

The ambition is backed by a rapid expansion in Groww’s affluent customer base. The number of active affluent users—defined by the company as customers with at least Rs 25 lakh of assets on the platform—rose to around 400,000 in FY26 from 200,000 a year earlier. ...Less

India's fintechs are looking beyond their core businesses as growth normalises and investors seek more pr ...More

India's fintechs are looking beyond their core businesses as growth normalises and investors seek more predictable revenue. Groww, Paytm, Pine Labs and Kissht are using networks to add products and reduce exposure to low payment monetisation, market cycles and unsecured credit. ...Less

Chief executive Lalit Keshre, chief financial officer Ishan Bansal, chief operating officer Harsh Jain, a ...More

Chief executive Lalit Keshre, chief financial officer Ishan Bansal, chief operating officer Harsh Jain, and chief technology officer Neeraj Singh will be the general partners of the fund and deploy their personal capital, with no plans to raise money from external limited partners. A small, dedicated investment team will handle sourcing, due diligence, and portfolio management under the founders’ supervision, the people said. ...Less

Happy Friday! Nazara Technologies will raise funds via a preferential issue. This and more in today’s ETt ...More

Happy Friday! Nazara Technologies will raise funds via a preferential issue. This and more in today’s ETtech Morning Dispatch. ...Less

Happy Friday! Swiggy lowered its losses in the April-June quarter as revenue rose. This and more in today ...More

Happy Friday! Swiggy lowered its losses in the April-June quarter as revenue rose. This and more in today’s ETtech Morning Dispatch. ...Less

Happy Monday! As core growth cools, India's listed fintechs are diversifying fast and launching new produ ...More

Happy Monday! As core growth cools, India's listed fintechs are diversifying fast and launching new products. This and more in today’s ETtech Morning Dispatch. ...Less

Swiggy delivered improved Q1 earnings with a narrower loss and higher revenue. This and more in today's E ...More

Swiggy delivered improved Q1 earnings with a narrower loss and higher revenue. This and more in today's ETtech Top 5. ...Less

Most listed brokers saw earnings pressure in the June quarter. Trading activity in equity derivatives slo ...More

Most listed brokers saw earnings pressure in the June quarter. Trading activity in equity derivatives slowed, and gold and silver rallies reversed. Motilal Oswal Financial Services revenue surged eighty-eight percent during this period. Angel One and Anand Rathi Share & Stock Brokers reported profit declines. Investor participation remained healthy, but trading volumes were volatile. ...Less

Mutual fund returns show significant differences between top and bottom performers. The flexi-cap categor ...More

Mutual fund returns show significant differences between top and bottom performers. The flexi-cap category saw a wide gap between gains and losses. Small-cap funds also displayed considerable divergence in their yearly performance. Market trends favored stock-specific bets and certain sectors over traditional ones. Investors must understand fund styles and team track records for better selection. ...Less

Indian brokers are lending large sums to retail investors, creating systemic risk. Retail investors are b ...More

Indian brokers are lending large sums to retail investors, creating systemic risk. Retail investors are borrowing heavily to buy stocks at stretched valuations. This margin debt has ballooned significantly, with new-age brokers aggressively competing. Unlike Korea's AI focus, India's debt supports stocks global investors are avoiding. Policymakers face challenges as inflation and a weakening rupee test their resolve. ...Less

Groww's parent, Billionbrains Garage Ventures, saw FIIs and mutual funds raise stakes in Q1FY27 as net pr ...More

Groww's parent, Billionbrains Garage Ventures, saw FIIs and mutual funds raise stakes in Q1FY27 as net profit surged 94% YoY, prompting Jefferies, JM Financial and Motilal Oswal to set a Rs 250 target price, implying about 21% upside from current levels. ...Less

Only 23 companies raised $2.3 billion through IPOs during the period, compared with a record 105 issues t ...More

Only 23 companies raised $2.3 billion through IPOs during the period, compared with a record 105 issues that raised $18.7 billion in 2025. Even during last year’s boom, offer-for-sale components—through which existing shareholders sell stock—accounted for 64% of IPO proceeds. ...Less

MSCI’s August India Standard Index review could trigger major passive inflows, with Eternal expected to a ...More

MSCI’s August India Standard Index review could trigger major passive inflows, with Eternal expected to attract the highest at $648 million, according to Nuvama. The brokerage sees Laurus Labs, Adani Energy Solutions, Lenskart and Groww among likely inclusions, while Balkrishna Industries, SBI Cards and Astral face potential exclusions. ...Less

Deepinder Goyal’s Temple is raising funds and will soon begin shipping its wearable device. This and more ...More

Deepinder Goyal’s Temple is raising funds and will soon begin shipping its wearable device. This and more in today’s ETtech Top 5. ...Less

Around 21 equity mutual funds delivered over 20% XIRR on SIP investments over the past year, an ETMutualF ...More

Around 21 equity mutual funds delivered over 20% XIRR on SIP investments over the past year, an ETMutualFunds analysis found. Small-cap funds dominated the list, with the top seven all belonging to the category and five generating over 30% XIRR. Bank of India Small Cap Fund topped the rankings with a 39.08% XIRR, turning a Rs 10,000 monthly SIP into around Rs 1.43 lakh. ...Less

Groww shares rebounded on Friday after a sharp decline in the previous session as brokerages remained upb ...More

Groww shares rebounded on Friday after a sharp decline in the previous session as brokerages remained upbeat following strong Q1FY27 earnings. Jefferies, JM Financial and Motilal Oswal reiterated Buy ratings, citing robust profit growth, improving operating leverage, market share gains and diversified revenue streams, with targets of Rs 250. ...Less

Motilal Oswal Midcap Fund leads five-year returns, raising questions about future performance. The fund d ...More

Motilal Oswal Midcap Fund leads five-year returns, raising questions about future performance. The fund delivered strong CAGR, outperforming its benchmark and category average. However, recent valuations suggest a lower scope for similar past returns. Experts advise diversified equity fund investments to mitigate concentration risk. Investors can consider SIPs for rupee cost averaging during market fluctuations. ...Less

Groww parent Billionbrains Garage Ventures shares rose after reporting a 94% YoY jump in Q1FY27 consolida ...More

Groww parent Billionbrains Garage Ventures shares rose after reporting a 94% YoY jump in Q1FY27 consolidated net profit to Rs 735 crore. Revenue from operations surged 66% YoY to Rs 1,504 crore, while profit also increased 7% sequentially. The stock has gained 9% over the last two trading sessions. ...Less

Groww said equity derivatives accounted for 52% of total income, down from 54.8% in the March quarter and ...More

Groww said equity derivatives accounted for 52% of total income, down from 54.8% in the March quarter and 56.4% a year earlier. The contribution from its margin trading facility (MTF) rose to 8%, while commodities grew by 4.9%, helping the company reduce its dependence on equity futures and options. ...Less

Groww’s notional average daily turnover in commodity derivatives stood at Rs 2.43 lakh crore across MCX ( ...More

Groww’s notional average daily turnover in commodity derivatives stood at Rs 2.43 lakh crore across MCX (Multi Commodity Exchange) and NSE Commodity during the quarter, compared with Rs 2.367 lakh crore reported by Angel One across MCX, the National Commodity and Derivatives Exchange, and NSE Commodity. ...Less

Billionbrains Garage Ventures, Groww’s listed parent, reported a 94% year-on-year increase in net profit ...More

Billionbrains Garage Ventures, Groww’s listed parent, reported a 94% year-on-year increase in net profit to Rs 735 crore for the April-June quarter. Revenue from operations rose 66% to Rs 1,501 crore. The company said additions of new transacting users remained low during the quarter, partly because of weaker capital-market activity, particularly in initial public offerings and exchange-traded funds. ...Less

Adani Green, Groww and Laurus Labs have emerged as key stocks to watch ahead of MSCI’s August 2026 index ...More

Adani Green, Groww and Laurus Labs have emerged as key stocks to watch ahead of MSCI’s August 2026 index review. JM Financial expects up to 12 inclusions and three exclusions, potentially triggering $2.3 billion in passive inflows, with index-linked buying likely to drive liquidity, institutional ownership and near-term stock movements. ...Less

Billionbrains Garage Ventures, Groww's parent, posted a Rs 735 crore net profit. This marks a substantial ...More

Billionbrains Garage Ventures, Groww's parent, posted a Rs 735 crore net profit. This marks a substantial 94.44% year-on-year increase in earnings. Groww's revenue from operations also saw a sharp 66% rise. The company's revenue reached Rs 1,504 crore in the first quarter. Net profit grew seven percent sequentially to Rs 735 crore. ...Less

Billionbrains Garage Ventures shares surged after reporting strong Q1 FY27 earnings. The company posted a ...More

Billionbrains Garage Ventures shares surged after reporting strong Q1 FY27 earnings. The company posted a consolidated net profit of Rs 735 crore, up 94.44% year-on-year. Revenue from operations also rose significantly, driven by traction in newer products. Groww retained its position as India's largest direct mutual fund distribution platform. The company added net clients and expanded market share across key segments. ...Less

Brokerages adjusted stock ratings following recent quarterly earnings reports. JM Financial upgraded Grow ...More

Brokerages adjusted stock ratings following recent quarterly earnings reports. JM Financial upgraded Groww to Buy after strong Q1FY27 performance and cost control. Motilal Oswal maintained a Buy rating on HDFC Life Insurance due to steady growth prospects. However, ICICI Lombard was downgraded to Neutral amid weaker profitability and a higher claims ratio. These adjustments reflect company-specific growth and profitability trends observed in the past. ...Less

Markets traded under pressure amid renewed geopolitical concerns on Tuesday. Several companies like Groww ...More

Markets traded under pressure amid renewed geopolitical concerns on Tuesday. Several companies like Groww and Infosys will be in focus today. Anand Rathi Share reported a significant profit rise for the June quarter. IDBI Bank clarified reports regarding a potential Fairfax Financial offer. Tata Elxsi announced an 18.2% profit increase supported by strong tech spending. ...Less

Paytm parent One 97 Communications has shelved its proposed first-ever bonus share issue for now, opting ...More

Paytm parent One 97 Communications has shelved its proposed first-ever bonus share issue for now, opting to focus on business growth and improving profitability to create long-term shareholder value. The decision was taken by the board at its July 20 meeting. ...Less

The Union Cabinet has cleared the India Semiconductor Mission (ISM) 2.0 to boost domestic chip manufactur ...More

The Union Cabinet has cleared the India Semiconductor Mission (ISM) 2.0 to boost domestic chip manufacturing. This and more in today's ETtech Top 5. ...Less

An upcoming MSCI index rebalancing may introduce about $2.3 billion in passive investment flows. The glob ...More

An upcoming MSCI index rebalancing may introduce about $2.3 billion in passive investment flows. The global index provider will announce changes on August 12 after market close. Several Indian stocks are likely candidates for inclusion in the MSCI India Standard Index. These changes will impact index-linked exchange-traded funds and mutual funds. The rebalancing will become effective for portfolios on August 31. ...Less

Samir Arora-backed Helios Mid Cap Fund added Groww parent Billionbrains Garage Ventures and four other st ...More

Samir Arora-backed Helios Mid Cap Fund added Groww parent Billionbrains Garage Ventures and four other stocks to its June portfolio, while raising exposure to Paytm and 29 other companies. The fund exited five stocks, trimmed its stake in Black Box and retained holdings in 32 stocks unchanged. ...Less