NITHIN KAMATH
Zerodha's Nithin Kamath flags famous actors promoting unregulated trading platforms through ads
Zerodha's co-founder Nithin Kamath expressed concerns about celebrities, including actors, endorsing advertisements for unauthorized trading platforms. He noted seeing a famous actor promoting such a platform and gave them the benefit of the doubt regarding awareness. Notably, similar issues have arisen with actors endorsing Octafx, another problematic platform.
Zerodha’s Nithin Kamath sees end of road for zero brokerage model after new Sebi rules
Exchanges often charge a lower fee to brokers if they generate high volumes. Brokers, in turn, charge traders little to no fees, which has contributed to a surge in trading across segments like derivatives that the Securities and Exchange Board of India wants to curb.
Zerodha may end zero brokerage structure for equity delivery trades after Sebi's order: Nithin Kamath
With the new Sebi circular that mandates uniform charges by market infrastructure institutions like stock exchanges, brokerages are feeling the heat. Zerodha's Nithin Kamath on Tuesday said the brokerage may have to go back on zero brokerage structure or increase brokerage for F&O (futures and options) trades.
Nithin Kamath sees tough times for broking industry as regulator seeks to rein in options boom
The Zerodha chief's remarks follow Sebi chair Madhabi Puri Buch's announcement that the regulator is aware of the highly speculative nature of options trading. Sebi plans to take action based on the recommendations of the working committee.
Agritech startup Two Brothers Organic Farms raises Rs 58.2 crore from Nithin Kamath’s Rainmatter
Two Brothers Organic Farms, an agritech startup, has raised Rs 58.2 crore in funding led by Nithin Kamath's Rainmatter Foundation. The round also saw participation from Silicon Valley entrepreneur Raju Chekuri, founder of the cybersecurity firm NetEnrich.
Zerodha investors booked Rs 50,000 crore profit in 4 years: Nithin Kamath
Indian markets witnessing an equity boom with investors realizing profits of Rs 50,000 crore over four years and holding unrealized profits of Rs 1 lakh crore on an AUM of Rs 4.5 lakh crore.
Brokers' future role may reduce to just processing orders: Zerodha CEO Nithin Kamath
Nithin Kamath praised Sebi for its investor-friendly initiatives, highlighting two recent measures. The first mandates the direct transfer of securities by clearing corporations to demat accounts, and the second proposes increasing the threshold for the Basic Service Demat Account (BSDA) from Rs 2 lakh to Rs 10 lakh.
Lenskart $200M secondary deal; Baron bumps up Swiggy’s valuation
Singapore's Temasek and US-based Fidelity have invested $200 million in Lenskart through a secondary share sale. This and more in today’s ETtech Top 5.
Zerodha faces another technical glitch, users face Kite login issues
India's second-largest broking platform Zerodha website displayed the error message ‘503 Service Unavailable. No server is available to handle the request.’ Traders on X (formerly Twitter) reported that the trading platform was not functioning even before trading commenced on Monday.
Direct payout of securities: Zerodha's Nithin Kamath says Sebi's proposal simplifies ops
Sebi, in a consultation paper, has proposed mandatory direct payout of securities to demat accounts to ensure that securities of the clients are not vulnerable to misuse.
Zerodha's Nithin Kamath reveals why his phone now remains always silent, blames past 'karma'
Zerodha's Nithin Kamath recently shared on X how his phone now stays silent due to telemarketing calls, attributing it to past karma. Reflecting on his call center days, Kamath humorously noted the irony of his situation. The post garnered over 4,600 views and sparked discussions among users about telemarketing's prevalence and communication's evolution.
A week of hits and misses in fintech; and other top tech, startup stories
Hi, this is Pratik Bhakta in Bengaluru. It’s been a busy news week for us here at ETtech covering some of the most important stories in the fintech space. We had a string of big exclusives, wrapping it up here just in case you missed reading them.
Zerodha's Nithin Kamath makes first public appearance 3 months after stroke, asked about his new health regimen
Zerodha's founder Nithin Kamath made a public appearance at Zero1 fest after a mild stroke. The billionaire shared that he is slowly getting back to normal after the health crisis. He had suffered a big droop in the face due to the stroke and which has also impaired his reading and writing ability.
Making losses in options trading? Zerodha co-founder Nithin Kamath shares a pro tip
A key advantage of these strategies is the limitation of losses. Regardless of market fluctuations or extreme events, such as circuit breakers or geopolitical turmoil, losses are capped at a predetermined amount.
After Zerodha founder's bold suggestion on Bengaluru water crisis, 300 phone calls in a day and a big debate
Zerodha's founder, Nithin Kamath, raised concerns about Bengaluru's water crisis on social media, citing the increased likelihood of recurring crises due to extreme weather events. He highlighted the city's significant freshwater demand of 2632 million litres per day (MLD) and the potential of converting excess sewage treatment plant water into usable resources to meet around 450-500 MLD of the demand.
Zerodha's investors hold Rs 4.5 lakh cr assets as retail investors swamp markets
The post-pandemic boom for India's markets is well documented as millions of retail investors switched to capital markets from traditional avenues to grow their wealth.
Zerodha's Nithin Kamath on the need to support funding for social enterprises
Zerodha's Nithin Kamath on Monday said the broker is doing everything in its capabilities to support non-profit organisations to raise funds from the public.
How Zerodha has managed to give WFH option to 90% of its employees? CEO Nithin Kamath shares insight
Zerodha's CEO, Nithin Kamath, shared insights on the organization's transition from full remote work to a hybrid model. While some benefited from remote work, others faced challenges. Recently, around 10% of Zerodha's core team returned to the office three days a week
Working from home? Zerodha's Nithin Kamath highlights the benefits of returning to office
Zerodha has a two-day at-home policy for employees to zone out, avoid commuting, and do focused work. The three-day work from office at the same time is aimed at collaboration across teams.
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