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Brokers prepare rollout of algo trading tools for retail investorsMajor brokers are set to launch algorithmic trading tools for retail investors in the coming months, following enhanced regulatory clarity....
MUFG’s new India fund; District goes sportingHappy Tuesday! Japan’s MUFG is doubling down on India just as a new wave of investors moves into the country’s startup market. This and mor...
Ex-Peak XV trio raises Mettle; Fintechs go licence huntingHappy Thursday! Three former Peak XV MDs, who abruptly left the VC firm, are launching Mettle Capital to back Indian startups. This and mor...
Uber's India data centre bet; Cyber cover meets AI riskUber will establish its first data centre in India with the Adani Group. This and more in today’s ETtech Top 5.
Design focus under ECMS; Kissht's strong IPO demandGovernment mulls mandating minimum design investment by firms under ECMS rules. This and more in today's ETtech Top 5.
Sahamati secures Rs 50 crore in funding from large banks, AMCs, stockbrokers and fintechsSahamati, the NBFC-Account Aggregator body, has raised Rs 50 crore from major banks, asset management companies, stockbrokers, and fintechs...
Eternal Q4 pops; Snabbit's new war chestZomato and Blinkit parent Eternal reported strong numbers for the March quarter. This and more in today's ETtech Top 5.
Infosys weighs CEO change; Groww's Lalit Keshre on next growth betsHappy Wednesday! Infosys is set to discuss CEO Salil Parekh's tenure and a succession roadmap as it reports Q4 results. This and more in to...
Dhan parent Raise Financial acquires algo-trading startup Stratzy in cash-and-stock dealThe deal values Stratzy at $5–6 million, according to sources. ET had first reported on the acquisition on November 19 last year. Startzy i...
Apple CEO Tim Cook steps down; HCLTech Q4 reportAfter 15 years at the helm of Apple, Tim Cook will step down to make way for insider John Ternus. This and more in today's ETtech Top 5.
Banks, asset management firms, stock brokers set to be shareholders in SahamatiBanks, NBFCs, brokers and fintechs are investing in Sahamati, with major lenders and platforms taking nearly 2–8.5% stakes. The move aligns...
Oracle cuts 20% of India staff; War jitters stall fintech IPOsHappy Thursday! Oracle’s global job cuts have impacted 10,000 employees in India. This and more in today’s ETtech Morning Dispatch.
Sahi eyes $80 million from Accel Growth, Bessemer, othersNew-age stock trading platform Sahi, cofounded by Swiggy’s former chief technology officer Dale Vaz, is in advanced talks to raise $60-80 m...
Stockbroker Dhan’s profit jumps 2.5 times to Rs 408 crore, revenue up 2.3XThe Mumbai-based wealthtech player, which focusses on high-frequency professional traders, was valued at $1.2 billion last year following a...
ChrysCapital, others in talks to take Dhan to unicorn club with $100-150 million fundingStock trading platform Dhan is negotiating with ChrysCapital for funding that could increase its valuation to over $1 billion, helping it e...
Stock broking startup Dhan clocks maiden profits of Rs 155 crore in FY24; revenue jumps 600% on yearThe startup is in talks with investors for raising a fresh equity funding round and is looking to expand its product offerings. The company...
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 ...