New Delhi, July 9 (IANS) Zerodha founder and CEO Nithin Kamath on Thursday took a swipe at rival platforms on X after Groww, one of India’s largest retail brokers by active users, began offering regular mutual funds through its subscription service Groww Prime.In a social media post, Kamath said many platforms that launched direct mutual fund offerings around the time Zerodha introduced its Coin platform have since “disappeared or pivoted to something else.”Remaining competitors are “ret…
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New Delhi, July 9 (IANS) Zerodha founder and CEO Nithin Kamath on Thursday took a swipe at rival platforms on X after Groww, one of India’s largest retail brokers by active users, began offering regular mutual funds through its subscription service Groww Prime.In a social media post, Kamath said many platforms that launched direct mutual fund offerings around the time Zerodha introduced its Coin platform have since “disappeared or pivoted to something else.”Remaining competitors are “ret…
Mumbai, May 9 (IANS) India’s investment landscape is undergoing a rapid transformation, with participation expanding beyond metro cities to smaller towns, young investors and women, according to Groww CEO and Co-founder Lalit Keshre.Speaking at the ‘Groww IIF – India Investor Festival 2026’ organised here to mark the company’s 10th anniversary, Keshre said retail investing in India is no longer limited to a select group of people in major cities.”Retail investing in India has expanded signif…
New Delhi, Feb 1 (IANS) The government on Sunday said the intent behind the hike in the Securities Transaction Tax (STT) on futures and options is to address systemic risks and curb excessive speculation.Addressing the media here after the Budget 2026-27 was presented, Revenue Secretary Arvind Shrivastava said the intent to increase STT on futures and options is aimed at curbing excessive speculation as well as systemic risks linked to STT.The stock market reacted negatively to the hike in STT, …
Mumbai, Jan 14 (IANS) Billionbrains Garage Ventures, the parent company of stock broking platform Groww, on Wednesday reported a sharp fall in profits for the third quarter of financial year 2026 (Q3 FY26).The company’s consolidated net profit declined 27.8 per cent year-on-year (YoY) to Rs 546.93 crore in Q3 FY26, compared with Rs 757.11 crore in the same quarter last financial year.On the other hand, revenue from operations rose 24.8 per cent to Rs 1,216.07 crore from Rs 974.53 crore reporte…