Investing $1,000 in a stock won’t change your life overnight, but that same position can compound over time. Some growth stocks more than double in a single year, while others consistently beat the S&P 500 over long stretches. Two fintech stocks managed to beat the famed benchmark over the past year, but both are currently […]
Groww has the makings to become India’s Robinhood, Jefferies said in a note on Friday, initiating coverage of the newly listed stock with a “buy” rating. The Groww app on a smartphone. Groww’s share price surged as much as 12.87% to ₹162.65 apiece on the vote of confidence from Jefferies. (Bloomberg) The online brokerage operated […]
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 […]
Amazon.com Inc. on Monday said Amazon Web Services (AWS) was hit by an outage, disrupting scores of apps and websites using its cloud service network. Complaints of an AWS outage began spiking just after 7:30 am London time, according to Downdetector, with data showing thousands of user reports. Amazon.com, Prime Video and Alexa were all […]