Mumbai, April 14 (IANS) Retail trading activity on the National Stock Exchange showed signs of cooling, with active client accounts on the NSE fell 7 per cent year-on-year (YoY) amid tighter regulations and volatile market conditions.Data showed the number of active investors on the exchange dropped to 4.57 crore in March 2026, down from 4.92 crore a year earlier — marking a drop of nearly 35 lakh accounts.The decline continued through much of the financial year, with several months witnessing …
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New Delhi, Feb 24 (IANS) Anthropic CEO Dario Amodei has warned that an “AI tsunami” is approaching and said artificial intelligence is reaching human-level capabilities much faster than most people realise.Speaking on a podcast with Zerodha co-founder Nikhil Kamath, Amodei said society is not fully prepared for the economic and geopolitical changes that advanced AI systems could bring.He compared the current situation to a tsunami visible on the horizon, saying people can see it coming but a…
Mumbai, Jan 31 (IANS) Zerodha co-founder Nithin Kamath has raised concerns over the repeated increase in Securities Transaction Tax (STT), saying that higher taxes are slowly hurting trading activity in the markets.In a recent social media post, Kamath explained that STT was introduced at a time when long-term capital gains (LTCG) tax was removed.However, even after LTCG was brought back, STT has continued to rise with every Union Budget.He said that as a market participant, he always hopes for …
Davos, Jan 21 (IANS) The Mumbai Metropolitan Region Development Authority (MMRDA), on behalf of the Maharashtra government, has signed MoUs with various global companies for the development of the growth centre in Pen tehsil of the state’s Raigad district. “CM Devendra Fadnavis witnessed the signing of the MoU. Envisioned as the ‘Third Mumbai’, the project will emerge as a next-generation hub for technology, fintech, and data centres, and will host India’s first dedicated Global Capability Cen…
New Delhi, Jan 15 (IANS) India’s leading startup founders on Thursday said that the country’s startup ecosystem has seen unprecedented growth over the past decade, driven by stable policymaking, a supportive government and a strong entrepreneurial culture. As the Startup India initiative completes ten years on January 16, entrepreneurs believe that India has emerged as one of the most attractive destinations for global investors and that the future of entrepreneurship in the country looks br…