Latest business news
Zerodha’s chief executive officer (CEO) Nithin Kamath Kamath has said that he expects a 10–20 per cent decline in the broking business this year, linked to lower market activity. In an interview to CNBC-TV18, Kamath said that despite the drop in business this year, he is targeting ₹10,000 crore in revenue by FY26. He ruled…
Expert view on markets: Ajit Mishra, SVP of research at Religare Broking, believes defence and PSU sectors are well-aligned with India’s structural growth and self-reliance goals, offering significant wealth creation potential. In an interview with Mint, Mishra shared his views on market triggers, mid and small-caps and sectors he is positive about. Here are edited…
Groww IPO: Stock broking firm Groww has filed draft papers with the markets regulator Sebi for an initial public offering (IPO) estimated to be around USD 700 million to USD 1 billion through a confidential pre-filing route, people familiar with the development said on Monday. The IPO is a combination of a fresh issue of…
Defence stocks to buy: Indian defence shipyard companies, including Mazagon Dock Shipbuilders, Garden Reach Shipbuilders, and Cochin Shipyards, are expected to see improvements in their fundamentals, fueled by strong orders, supportive policies, and government investment, according to domestic brokerage firm Antique Stock Broking. In its latest “India Defence Sector” report, the brokerage highlighted the significant…