The Economic Times The Economic Times

The Economic Times 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.

The Economic Times Hedge fund’s secret Adani short revealed in blow-by-blow account

A short-seller's report targeting Adani Group led to a $153 bn market value drop. The investigation involved a hedge fund, regulator, and a big Indian bank. US regulators scrutinized hedge fund collaborations and short-selling's impact on market efficiency.

The Economic Times Modi's message from Parliament on business and economy

Though PM Modi stressed his government's social agenda, he also confidently underlined the policy continuity. Speaking in the Rajya Sabha today, he said not only the markets are upbeat but the global community too is glad at the return of his government and is willing to raise its bet on India.

The Economic Times Clix Capital eyes IPO within two years, aims for Rs 100 crore profit in FY25, says CFO

Clix Capital aims to reach Rs 10,000 crore AUM in the next two years, focusing on sustainable growth and strategic partnerships, says CFO Gagan Aggarwal.

The Economic Times M3M India names Sanjeev Kumar Sharma as CFO

Sanjeev Kumar Sharma has nearly three decades of experience in Finance and Accounting (F&A), spanning diverse sectors including Real Estate, Equipment Rentals, Manufacturing, and Banking.

The Economic Times What makes the new age Financial Strategy a game changer in Digitalization of Infrastructure in India

Authored by Sapan Gupta, Chief Financial Officer (CFO) at RODIC: Exploring India's Journey to an $8-Trillion Economy through Strategic Digital Transformation and Infrastructure Development.

The Economic Times India's services sector experiences its fastest employment growth in 22 months; June PMI rises to 60.5

The HSBC India Services PMI for June 2024 rose to 60.5, driven by strong domestic and international orders, record sales from diverse regions, and the fastest employment growth since August 2022. Due to moderate cost inflation, selling prices rose at the slowest pace since February 2024, improving service providers' outlook. The composite PMI stands at 60.9 for this month.

The Economic Times Financial Leadership: The Impact on Modernizing Logistics

Deepal Shah, Group CFO at Allcargo Group, emphasizes the pivotal role of technology in shaping the future of finance within the logistics sector. With insights into transformative technologies like generative AI and strategic planning, Shah underscores the evolving role of CFOs as value integrators driving operational efficiency and long-term sustainability.

The Economic Times Unstoppable bulls! HDFC Bank drives Sensex past 80,000 for the first time, Nifty hits record high

Indian market soared to all-time high with HDFC Bank surge propelling Sensex past 80,000 and Nifty nearing 24,300. Kotak Mahindra, JSW Steel, PFC, REC, Auto also showed significant gains in the bullish market.

The Economic Times 8th year of GST: Friendlier, simpler regime ahead? What the future likely holds

It would be unreasonable to expect very quick results. While concrete outcomes on this agenda are likely to be backloaded within the financial year, clear timelines and a glide path of transition may well emerge sooner.

The Economic Times Paytm Bank, auditor lock horns over biz viability

Paytm Payments Bank Ltd faces audit qualification disputes over viability, seeking RBI intervention. Compliance issues led to operational restrictions, prompting directions to transfer businesses. KYC guideline non-compliance has halted income generation and eroded net worth.

The Economic Times Unacademy fires 250 employees in fresh round of layoffs

Unacademy layoffs: Unacademy has laid off around 100 people from core functions like business development and marketing and the rest are from the sales department, sources told ET.

The Economic Times Global firms buy PB Fintech stakes from early backers

Foreign portfolio investors (FPIs) have lapped up shares in Gurugram-based listed fintech firm PB Fintech, as its founders and early investors sold their shares, in full or in part, in multiple tranches. These transactions happened through bulk deals when several early-stage investors of the company exited the firm fully or partly after 2021, when it went public.

The Economic Times Hindenburg was never a client or investor in K-India Fund, says Kotak Mahindra Bank

The Fund was never aware that Hindenburg was a partner of any of its investors, said the bank's spokesperson.

The Economic Times Budget 2024: Which sectors are likely to be in the limelight?

The government is expected to focus on infrastructure, defence, renewable energy, agriculture, and railways in the upcoming Budget, according to experts.