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…
New Delhi, June 13 (IANS) Zerodha founder Nithin Kamath and Capitalmind Mutual Fund CEO Deepak Shenoy have drawn attention to restrictions imposed by US brokerage Fidelity on investors seeking to sell shares acquired in the recent SpaceX IPO, contrasting the practice with India’s regulatory framework.Under Fidelity’s policy, investors who sell their allotted SpaceX shares within 15 calendar days of the stock’s trading debut — a practice known as flipping — risk losing access to future IPO allo…
New Delhi, May 10 (IANS) Nithin Kamath has raised concerns over the way Indian investors continue to fall for unsuitable financial products despite easier access to financial education and online information.In a post on social media platform X, the Zerodha co-founder said that while India has witnessed a massive rise in first-time investors entering mutual funds, stocks and insurance products, many continue to repeat the same financial mistakes year after year.“When it comes to personal finan…
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 …
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…