Zerodha Ltd.’s Nithin Kamath has questioned the rationale of the STT hike on F&O trading, asserting that the impact is skewed. Nithin Kamath, co-founder and chief executive officer of Zerodha. (Livemint) “I don’t know the exact reasoning behind the increase in STT,” the co-founder of India’s second largest online trading company, wrote on X, formerly […]
With the record date of the Infosys buyback upon us, it’s worth understanding how buyback taxation works in India. Thankfully, Nithin Kamath, co-founder and chief executive officer, took it upon himself to do the math. Zerodha CEO Nithin Kamath. (@Nithin0dha/X) The ₹18,000-crore Infosys buyback—the largest in India’s history along with Tata Consultancy Services Ltd.’s in […]
Robinhood Markets Inc. is on course to generate $100 million revenue from transaction charges alone this year, while Zerodha Broking Ltd. does zero. That may seem like an opportunity lost, but it shows how evolved India’s fintech ecosystem is, as compared to the US—thanks to UPI. Zerodha co-founder and CEO Nithin Kamath. (Mint) “I’m still […]
One out of five Groww IPO applications is originating on Zerodha, CEO Nithin Kamath said on Tuesday. That, more that anything else, shows the depth of India’s investor base that the likes of Zerodha and Groww have built. One out of five Groww IPO applications is originating on Zerodha, CEO Nithin Kamath says. (AI Image) […]