Latest Updates Around The World
After a quiet week, Indian markets traded in the green on Friday as investors were cautiously optimistic for next week. CA Rudramurthy BV, MD, Vachana Investments shared his insights on Nifty, Bank Nifty and sector-specific opportunities, and urged traders to focus on capital protection in the current bandwidth-constrained environment.Nifty and Bank Nifty levels Rudramurthy identified […]
Groww is close to bringing in a global asset manager as a strategic investor in its mutual fund business, marking a major milestone in the expansion of its asset management business. In a filing with the regulator, the company said it has entered into definitive agreements with US-based State Street Global Advisors Inc for an […]
Quarterly earnings from October to December are expected to post the highest growth in eight quarters on the back of an improved earnings environment, with the Nifty likely to post 8% year-on-year growth, Motilal Oswal Financial Services (MOFSL) said. Meanwhile, profits of companies within MOFSL’s coverage universe can report 25% year-on-year growth.Excluding financials, earnings for […]
High-speed trading platform Zepto has filed draft papers for its initial public offering (IPO) worth $1.3 billion (about Rs 11,682 crore) with market regulator Securities and Exchange Board of India (Sebi), experts said.ET reported on December 25 that the Aadit Palicha-led company is looking to raise around Rs 11,000 crore in fresh capital, with the […]
Shares of Groww parent Billionbrains Garage Ventures rose as much as 9.5% to Rs 175.60 on the BSE on Wednesday, riding a wave of optimism following the upcoming index inclusion and the launch of its emergency trading platform, Groww Lite. Since its IPO, the stock has skyrocketed 75.6% from its issue price of Rs 100, […]
Exchange platform Groww said on Monday it has launched ‘Groww Lite’, a web-based emergency trading portal, to protect users during platform outages and technical issues. The new portal will allow users to close or exit their open trading positions even if Groww’s main app or website is temporarily inaccessible during an outage, the stockbroking platform […]
Indian equity markets may show renewed cheer on the broader side, but the next decisive step will depend on earnings visibility, currency stability and progress in the India-US trade deal, said Ashi Anand, founder and CEO of IME Capital, who believes that in the near term, markets are likely to remain within a certain range […]
Vartis Platforms, operator of LenDenClub, the nation’s largest peer-to-peer lending marketplace, is preparing for an initial public offering within 18 to 36 months, CEO Bhavin Patel said.“We are in preparation mode… and we can target that within the next 18 to 36 months,” Patel told Reuters on Wednesday, adding that LenDenClub could be the first […]
Following the Cloudflare outage, which disrupted the operations of several trading platforms today, Zerodha founder and CEO Nithin Kamath said the brief downtime not only disrupted ‘Kite’ services but also affected many other brokers, fintech platforms and online services globally. While Kamath underlined the risks of over-reliance on a single digital backbone, he apologized for […]
The anchor book of Meesho Ltd. suffered a setback after several major investors pulled out when the Indian e-commerce company reportedly allocated about a quarter of the shares in this tranche to SBI Funds Management Pvt., the country’s largest asset manager, according to people familiar with the matter.That decision prompted a pushback from other major […]
