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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Dinesh Thakkar’s brokerage has come a long way on the back of tech-driven interventions over three decades. But it may need to look beyond a super app to take on rivals.
For the longest time, Dinesh Thakkar, Angel One’s chairman and managing director, didn’t carry much weight in the Indian stock broking industry.
Today, Angel One is the most valuable listed retail brokerage in the country. It also has the third largest customer base, next to discount broking firms Zerodha and Upstox. For a brief period in April 2022, Thakkar almost became a billionaire when his stock peaked. That’s the richest anyone has got merely by being a stockbroker in the country. At the heart of this turnaround is the business’s ability to pull off a digital transformation in an attempt …
Thinly traded listed entities have long served as breeding grounds for stock manipulation, hurting investors. The regulator, the NSE and BSE now want to fix things by focusing on efficient delisting.
The newly announced levy on UPI payments undermines the very foundation of using digital payments for stock market investing. Brokers are in a tizzy.
India’s second-largest brokerage by active clients wants to handle IPOs as a merchant banker. But gaining a foothold in the highly competitive sector is easier said than done.
