In the run-up to a public listing, profitability often becomes the most closely watched number. It is one among several other metrics that gives confidence to investors to go ahead and buy the IPO. But, there is a particular trend emerging for most new-age companies, where the financials show sudden profits in the most recent … Read more
In a tweet, Zerodha founder Nithin Kamath congratulated Groww CEO Lalit Keshre on the latter’s much-anticipated IPO — but with a trademark witty twist. “Congrats on the IPO and best of luck,” Kamath posted on X (formerly Twitter). Then came the punchline. “Btw, about 20% of all Groww IPO applications are from @zerodhaonline customers.” The … Read more
Stock broker Groww on Thursday rolled out commodities trading on its platform, as it continues diversifying its wealth and capital markets offerings. Groww customers with active trading accounts can trade in commodities such as crude oil, gold, silver and natural gas through the Metropolitan Stock Exchange from 9 am to 11:30 pm, according to information … Read more
Mumbai: Groww, India’s largest broker in active clients, is set to increase its fees by 150% for low-ticket transactions as the profitability of discount broking firms has come under pressure in the face of tighter regulations. The firm, in a communication to clients, said it will hike the minimum equity brokerage charges to ₹5 per … Read more
With No.2 player Zerodha continuing to lose market share, Tiger Global-backed financial services firm Groww now controls 25.1% of the stock broking market in terms of NSE active clients. According to latest data collated by Motilal Oswal, the market share of Groww stood at 25.1% and rose 41 bps month-on-month (MoM). At the same time, … Read more
Investment platform Groww, in a fresh response, amid backlash for deducting money from an investor’s account but not really investing it, has said that no money was deducted from the customer. Groww landed in the soup after a social media user alleged that the company deducted money and never invested but generated a “false folio … Read more
Discount broking platform Groww, which has gradually become the No.1 stock broker in India with 21% market share by beating Zerodha, on Tuesday faced a technical glitch on its trading app which was resolved later on.“We apologize for the inconvenience. Our team is addressing a technical issue and working to resolve it promptly. Your patience … Read more
Coal India. Share Price 398.80 03:59 PM | 20 Jan 2024 15.56(4.06%) Adani Ports & Special Economic Zone. Share Price 1193.00 03:59 PM | 20 Jan 2024 40.55(3.52%) Adani Enterprises. Share Price 2987.90 03:59 PM | 20 Jan 2024 72.25(2.48%) Kotak Mahindra Bank. Share Price 1806.80 03:59 PM | 20 Jan 2024 42.50(2.41%) ICICI Bank. … Read more
“Groww Mutual Fund got approval for its first NFO – Groww Nifty Total Market Index Fund,” tweeted Co-founder, Lalit Keshre. Groww Nifty Total Market Index Fund is an open-ended scheme, tracking the Nifty Total Market index. The scheme will predominantly invest in equity, while a small portion of funds will be invested in debt and … Read more
The National Stock Exchange (NSE) has instructed all members, including stockbrokers and wealth managers, to wind down the sale of digital gold on their platforms by September 10. This came after capital markets regulator, the Securities and Exchange Board of India (Sebi), flagged such sales as a breach of the Securities Contracts (Regulation) Rules (SCRR), … Read more