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Nithin Kamath says Zerodha earned 4,700 crore in FY24, profit of traders is…

Published on Sep 25, 2024 06:20 IST

Zerodha reported a 62% rise in FY24 profit to <span class='webrupee'>₹</span>4,700 crore, while revenue grew 21% to <span class='webrupee'>₹</span>8,320 crore. With traders holding over <span class='webrupee'>₹</span>1 lakh crore in unrealized profits, potential regulatory changes could cause a revenue decline of up to 50%.

India becomes 3rd largest power in Asia power index, surpasses Japan

India's ascent to the third position in the Asia Power Index is attributed to its robust economic growth and youthful demographics, enhancing its geopolitical stature and influence in regional security matters.

Published on Sep 25, 2024 06:12 IST

Volkswagen starts pay talks with unions over possible German plant closures

Volkswagen AG and unions negotiate cost reductions, including possible layoffs and factory closures, sparking heightened tensions. Union leaders threaten strikes if plans proceed, challenging CEO Oliver Blume as competition increases from Chinese electric vehicle makers.

Published on Sep 25, 2024 05:53 IST

Melinda French Gates hates CEOs who sleep less: ‘Let’s be honest, they are dumb’

US philanthropist Melinda French Gates denounced top CEOs for minimizing sleep, advocating for 7-8 hours nightly. Bill Gates shared his past misconceptions about sleep, now emphasizing its critical role in health, especially after witnessing Alzheimer's effects. Elon Musk has also shifted to prioritize more sleep.

Published on Sep 25, 2024 05:23 IST

Sam Altman says doing psychedelics in Mexico changed his life: ‘Made me calm’

Sam Altman shared on 'Life in Seven Songs' how psychedelics changed his perspective, turning him from an anxious person into a calm one. He emphasized a retreat in Mexico as particularly significant and mentioned his occasional psychedelic experiences at Burning Man.

Published on Sep 25, 2024 04:51 IST

Gold Rate Today 25-09-2024: Check latest prices in your city

Gold silver image

Published on Sep 25, 2024 04:45 IST

Goldman Sachs is loving India's growth journey and these 20 stocks for investors

Goldman Sachs identifies India as a leading economy in growth potential, with a sustained profit momentum. The brokerage advises investing in 20 stocks, emphasizing sectors like autos, real estate, and chemicals for profit expansion.

Published on Sep 25, 2024 04:26 IST

Buy calls are slowly vanishing from India's booming stock market

In India's $5 trillion equity market, only 61 stocks on the NSE Nifty 200 index have a 'buy' rating, the lowest in ten years. Analysts express skepticism over expensive valuations and slowing earnings, leading to a rise in 'hold' recommendations among investors.

Published on Sep 25, 2024 04:17 IST

Coldplay fever is good news for Indian music stocks like Tips and Saregama

Coldplay's third Mumbai concert was added after overwhelming ticket demand, with all shows sold out. BookMyShow reported 1.3 crores fans logged on, marking a landmark moment in India's live entertainment history.

Published on Sep 25, 2024 03:58 IST

Fears realised? Gen AI being used to create malware, confirms HP security report

An example of a website spreading a fake PDF converter tool, leading to ChromeLoader. (HP image)

Published on Sep 25, 2024 03:56 IST

Zerodha is expecting a major revenue dip soon, Nithin Kamath shares

Nithin Kamath, CEO of Zerodha, indicated the firm is facing a revenue plateau with an expected decline later this year due to Sebi regulations. He noted potential drops in earnings from index derivatives and changes in Annual Maintenance Charges affecting revenue.

Published on Sep 25, 2024 03:47 IST

Gold prices at record peak, Silver near highest in four months: Top updates

Gold and silver prices are on the rise due to weak US consumer confidence and central bank purchases, with gold up 30% and silver 35% this year. Investors are seeking buying opportunities amid heightened geopolitical tensions.

Updated on Sep 25, 2024 03:37 IST

Karan Johar, Rahul Dravid and others love Swiggy's ‘highly lucrative’ IPO

Swiggy's pre-IPO shares are attracting notable investments from celebrities including Madhuri Dixit and Amitabh Bachchan. The interest highlights a trend of high-net-worth individuals diversifying into tech startups, with Swiggy's ongoing innovation and strong market presence serving as key motivators for these investments.

Updated on Sep 25, 2024 03:29 IST

Pakistan to hold bidding for national airline on October 1: Report

The auction for Pakistan International Airlines will occur on Oct. 1, as reported by Ary News. The government plans to sell a majority stake to address ongoing losses, following IMF reform suggestions, according to National Assembly official Farooq Sattar.

Published on Sep 25, 2024 02:46 IST

Hyundai Motor's $3 billion IPO- India's biggest- gets Sebi nod: October launch?

Hyundai Motor India has secured approval for a $3 billion IPO, aiming to be the largest in India. The offering, targeting an $18-$20 billion valuation, includes the sale of over 142 million equity shares to boost visibility and market presence.

Updated on Sep 25, 2024 02:37 IST

Sam Bankman-Fried's ex girlfriend Caroline Ellison gets two-year sentence

Caroline Ellison, former chief executive officer of Alameda Research LLC, center, exits court in New York, US.

Published on Sep 25, 2024 02:20 IST

US accuses Visa of monopolizing debit card swipes, threatening merchants

The US Department of Justice filed an antitrust lawsuit against Visa alleging the company illegally maintains a monopoly over debit card networks in the United States.

Published on Sep 25, 2024 02:16 IST

Starbucks CEO Niccol says committed to "engage constructively" with workers union

Starbucks CEO Niccol says committed to "engage constructively" with workers union

Published on Sep 24, 2024 22:53 IST

FAA chief says Boeing safety culture reforms may take years

FAA chief says Boeing safety culture reforms may take years

Published on Sep 24, 2024 20:39 IST

Elon Musk, X seek dismissal of Don Lemon's lawsuit over canceled partnership

Elon Musk, X seek dismissal of Don Lemon's lawsuit over canceled partnership

Published on Sep 24, 2024 18:42 IST

Sam Altman says superintelligence is coming: ‘Going to get so good, so soon’

Sam Altman, CEO of OpenAI, believes superintelligence could emerge in a few thousand days, significantly enhancing human abilities and enabling scientific advancements. He highlights AI's role in solving complex challenges and improving societal intelligence, transforming what is possible for humanity.

Updated on Sep 24, 2024 10:00 IST

Should IPO investors trust GMP? Nilesh Shah says don't because…

Nilesh Shah of Kotak Mahindra Mutual Fund criticizes the reliance on grey market premiums for IPOs. He proposes transforming the grey market into a regulated when-issued market to enhance price discovery and reduce misinformation.

Published on Sep 24, 2024 09:35 IST

Sebi investigates six local investment banks over handling of small IPOs: Report

Published on Sep 24, 2024 09:01 IST

Will there be a recession soon? CEO of biggest US bank JP Morgan says this

Jamie Dimon of JP Morgan acknowledged ongoing global recession risks while praising the resilience of the US and Indian economies. He indicated that geopolitical factors and everyday economic activities will influence future market trends more than interest rates.

Published on Sep 24, 2024 08:26 IST

AI-based investment product by Star Union to launch to beat large cap portfolios

Standing from Left to Right: Subhra Tripathy, Principal at QuantumStreet AI, Hans Dekkers, General Manager, IBM Asia Pacific, Sandip Patel, Managing Director, IBM India & South Asia and Arindam Ghosh, Chief Technology Officer and Prashant Sharma, Chief Investment Officer of Star Union Dai-ichi Life Insurance.

Updated on Sep 24, 2024 08:38 IST

Layoffs: Dulux maker Akzo Nobel plans to cut about 2,000 jobs globally

Published on Sep 24, 2024 08:08 IST

Elon Musk hates block feature on X. So, he brought this big change for users

Elon Musk's X is modifying its block feature so blocked users can view public posts. This shift comes as Musk argues for a stronger mute option, alongside new restrictions for livestreaming by premium users.

Published on Sep 24, 2024 07:34 IST

Lebanon crisis: Oil prices climb on Middle East tensions

Smoke billows from the site of an Israeli airstrike on the Lebanese city of Baalbeck in the Bekaa valley in south Lebanon. Brent crude rose by 1.14% to $74.74, while US WTI climbed 1.31% to $71.29 amid fears of a looming hurricane impacting production.

Published on Sep 24, 2024 07:24 IST

We’re focused on designing products for people, that solve problems: Jake Dyson

The reason Jake Dyson is visiting India, is to underline the company’s push into the premium audio space. (Official photo)

Published on Sep 24, 2024 06:46 IST

China to add capital at big banks for 1st time in a decade: All you need to know

China will inject capital into its largest banks to combat low profits and rising bad debt. This initiative includes mortgage rate reductions and adjustments to reserve requirements, aiming to stabilize the banking sector and support economic growth amid ongoing challenges.

Published on Sep 24, 2024 06:45 IST

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