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Dhan parent Raise Securities posts Rs 905 crore revenue, profit down 20% in FY26The company had reported net operating income of Rs 795 crore and a profit after tax of Rs 408 crore in FY25. The rating agency attributed ...- Stocks in news: Axis Bank, Infosys, Wipro, Hyundai, RBL Bank, Angel One, Jio FinancialIndian markets saw a strong rebound, driven by positive trade news and a stronger rupee. Several major companies including Axis Bank, Infos...
- Economic Survey on AI, jobs; Apple’s big India biteThe Economic Survey raised concerns over AI’s impact on jobs. This and more in today’s ETtech Top 5.
- Upstox FY24 revenue up 25% to Rs 1,311 crore, net profit at Rs 190 croreUpstox competes with the likes of Groww and Zerodha. It had around 2.8 million active traders as of November 2024, according to data from t...
- Ratan Tata sells 5% of his stake in UpstoxTata, who had acquired a 1.33% stake in the Tiger Global-backed startup in 2016, continues to hold 95% of the investment.
- Ratan Tata sells small stake in Upstox to make 23,000% returnThe 86-year-old Tata Group patriarch acquired a 1.33% stake in Upstox in 2016. Recently, the discount brokerage completed a buyback of 5% o...
- How Sebi action will impact profits of discount stock broking firms like Zerodha and GrowwMarket regulator Sebi mandated in its July 1 circular uniform brokerage charges that are not based on volumes. Due to this, tech-first brok...
- Paytm Money CEO Varun Sridhar steps down; Rakesh Singh appointed as chief executivePaytm Money, the wealth management platform of One 97 Communication, has replaced chief executive Varun Sridhar, at the helm since 2020, wi...
- Angel One Q4 Results: Profit rises 27% to Rs 340 crore aided by jump in trading activityThe company's profit rose to Rs 340 crore ($40.7 million) in the quarter, boosted by an increase in trading activity, especially among reta...
- When Bharat places a buy on India, D-Street can thank discount brokersThe Big Four in this business - Groww, Zerodha, Angel One, and Upstox - continue to displace traditional brokers with a 63% combined market...
- New-age brokers ride on futures option to the bankBut the question remains with Sebi becoming careful about the sudden spurt in retail participation in this risky trading segment: how long ...
- The rise & rise of new-age stock brokers; and other top tech, startup stories this weekA crop of tech-first stockbrokers is not only leading from the front in adding new customers, they’re also generating strong revenues and p...
- Infosys, HCLTech report Q2 profits; Groww becomes India’s largest stockbrokerIndian IT majors Infosys and HCLTech reported profits for the second quarter of FY24, despite numerous headwinds plaguing the sector. This ...
- Groww goes past Zerodha, becomes India's biggest stockbroker with 6.6 million active usersIn terms of active clients, Groww is now at the top with 6.6 million users, followed by Zerodha, which has 6.4 million active users.
- Ratan Tata-backed Upstox breaks even in FY23, aims for 10x growth in user baseThe company's cofounder and chief executive Ravi Kumar said it has cash reserves of over Rs 1,000 crore now, and is looking for both organi...
- New-age stock brokers’ bull run hits a bump; Elevation sells more stake in XpressbeesFor new-age stock broking firms which grew exponentially during Covid-19, the past year has been punishing. This and more in today’s Mornin...
- Zerodha gets Sebi’s in-principle nod to launch mutual fund businessZerodha has received a licence from capital markets regulator, the Securities and Exchange Board of India (Sebi), to set up an Asset Manage...
- Zerodha gets Sebi's approval to set up an AMCThe in-principle approval from Sebi will allow the Bengaluru-based startup to launch its own mutual funds, founder and chief executive Nith...
- RBI tightens rules for payment companies outsourcing core activitiesThe central bank’s fresh guidelines come at a time when India’s tech ecosystem has seen several high-profile cyber attacks such as those at...
- Twelve stocks in focus on Wednesday, 10 August 2016The Indian market is expected to open flat. Here is a list of top twelve stocks that are likely to be in focus today.
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