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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.
The Zerodha cofounder attributes reduced market activity for the stockbroking business witnessing a 10-20% decline this year.
Zerodha co-founder Nithin Kamath on Wednesday said that he expects the stockbroking business to see a 10-20% decline this year following lower market activity so far in the first quarter of the current fiscal. He made the remark in an interview to CNBC-TV18, speaking on the sidelines of the EY entrepreneur of the year awards in Monaco, where he is a nominee.
He also said that Zerodha is not considering listing on the stock exchanges, reiterating similar statements he had made in September last year and March.
“We continue to believe there’s no reason to IPO. Being listed …
A local fintech deal to consolidate operations, feedback on Saudi Arabia’s proposed IPO rules, and Ras Al Khaimah’s casino economy.
The kingdom is moving to tighten the rules around public listings, algorithmic trading, trading in foreign securities and company disclosures—all in an effort to chase transparency.
The newly announced levy on UPI payments undermines the very foundation of using digital payments for stock market investing. Brokers are in a tizzy.
