Broking

Zero-cost APIs for algo trading and the upcoming AI research tool 'Neome' is expected to help the bank-backed brokerage firm to stabilise in a broking industry that has seen a decline in active investors during past year

Top domestic mutual funds, AMCs and marquee global funds queue up for Groww IPO

At the IPO price band of Rs 95–Rs 100, Groww is valued at around Rs 62,500 crore ($7.1 billion)

How to unpack Groww's IPO

Groww's Rs 7,000 crore IPO at $9 billion valuation presents a classic case study of high client growth versus revenue efficiency

Groww eyes up to $9 billion valuation, to file updated IPO papers this week 

Initially, Groww, which is looking at a November market debut, was targeting a valuation of $7-8 billion but a strong FY25 and a healthy Q1FY26 could result in a higher valuation, sources have told Moneycontrol

Super.money plans broking foray, bets on UPI and AI to 'simplify investing'

Launched in July 2024, Super.money has grown into India’s fifth-largest UPI payments app ahead of established players such as BHIM, WhatsApp Pay, Cred and Amazon Pay

Groww reports a 3x growth in profits at Rs 1,819 crore, revenue grows 31% to Rs 4056 crore

The relatively high growth and profitability come as a shot in the arm for the Bengaluru wealthtech platform ahead of its IPO plans

Brokerages hope that FM does not increase STT and LTCG in budget

STT is a major contributor to direct tax collections of the government, and increase in STT rates would likely provide a further boost to such revenues

Groww glitch: Clients demand compensation as technical issue mars trading

As per the X posts during early trading hours, users were not able to login from the Groww phone app as well as web browser. Around 11:30 am, the broking firm communicated that the issue had been resolved.

Making sense of Mirae Asset's acquisition of Sharekhan 

The broking industry has got one more serious player with strong backing. Competition in the field will intensify as Mirae Asset aggressively pushes Sharekhan to justify its acquisition and improve its market share 

MC Investigates: Online dabba traders go all out to recruit sub-brokers, offering clients even 500x leverage

Higher shares of ‘brokerage’ and vertigo-inducing leverage are making it an attractive option, although it is an unregulated market and carries high risks.

IIFL Securities-5 Paisa Merger: Now what?

Though the merger has not been called off, clients are left wondering if they should continue trading with 5Paisa since it is a sister company of IIFL Securities.

The good, the bad and the ugly of IIFL saga

While IIFL Securities plans to appeal the 2-year ban on adding new clients, the repercussions of Sebi’s order could go wider

IIFL Securities rallies 8% on robust profit growth in March quarter

IIFL Securities has reported a 9.4 percent rise in consolidated net profit at Rs 86.39 crore in the March quarter of the financial year 2022-23

Broking industry at a cusp of telecom-like consolidation: Arun Chaudhry of Mirae Asset

Overall, because of the negative sentiment, this is definitely going to impact the profitability of many brokers.

How Roopali Prabhu reads people and balance sheets for her equity research picks

Prabhu believes that constant learning is one key driving factor for her in life.

MC Explains | What are margins in trading and how are they calculated?

Margining rules have been tweaked and unscrupulous brokers are making a quick buck on the resultant confusion.

CFDs: Why are exchanges warning investors about them?

A CFD is a private financial contract between the investor and the broker

ICICIdirect investors can now access portfolios of global asset managers. Should you invest?

The platform has launched the facility with 70 such portfolios of US-listed stocks.

CRED's Kunal Shah takes potshot at Zerodha's 100 crore salary decision, Nithin Kamath defends

Nithin clarified this is an enabling resolution that allows them as working promoters to draw salaries up to 100 crores in case of liquidity requirements.

Fintech unicorn Groww to expand market for digital investing

It recently attained a unicorn status after it raised $83 million in a Series D funding round last month.

Money flows into equities from tier-2,3 cities during lockdown, women not far behind

The majority of our clients' growth came from the metro and tier-1 cities but we have also registered handsome growth from tier-2 cities like Nagpur, Jaipur, Nasik

Zerodha ‘worried’ about Paytm: CEO Nithin Kamath

“Whoever has a better product, wins,” Kamath said.

Choice Broking to acquire NG Rathi Group's stock-broking, commodity units

The acquisition will help Choice Broking with a new clientele base of approximately 9,000 apart from a network of two additional branches and their entire employee strength.

Motilal's H2FY17 profit growth will be robust: Raamdeo Agrawal

Strength in all three business – broking, asset management and housing finance – along with a favourable business mix helped post a strong second quarter says Raamdeo Agrawal, Joint MD at Motilal Oswal Financial Services.

See insurance business growing 10-12%: Edelweiss

Rashesh Shah, Chairman and CEO of Edelweiss Group, outlined big plans for the group as a whole. The financial services conglomerate will be focussing on adding more branches and look to rope in new clients this fiscal year, he said.