Page 8 - Zerodha

Zerodha faces investors' flurry due to technical glitch on trading platform

Users of online brokerage Zerodha faced difficulty in trading on Wednesday due to a technical glitch on its trading platform. The brokerage house faced customers' ire on microblogging site Twitter as they complained that prices and trading froze on its platform during the trading hours. "Zerodha down, price not updating," one user tweeted. Another user mentioned, "Zerodha is not working at the peak time of trading. Prices are stuck." "Because of Zerodha, I suffer a loss of Rs 80,000 in ONGC. Zerodha app was stuck. I sold my holding for intraday and stock runs like a wild horse from 65 to 82 within 5 min & came down to 62. I was trying to exit my position but thanks to Zerodha, my stock was sold. Buying price 148," a user tweeted. On October 18, investors of several brokerage houses, including Zerodha and Paytm Money, had faced possible difficulty while selling shares due to "an issue" related to Central Depository Services India Limited (CDSL). Founded in 2010, Zerodha Broking i

CDSL glitch hits sell orders, brokers allow clients to skip authorisation

Market players said issue was with CDSL's portal used for authorising debit of securities from demat accounts. The system was set up last year to prevent misuse of power of attorney by brokers

Investors using Zerodha may face issues in selling stocks with CDSL

Investors of online brokerage house Zerodha on Monday said its users might face some problem while executing sell orders due to "an issue" related to depository CDSL. It tweeted, "You may face an issue with authorizing the sale of your stocks due to an issue with CDSL. We are in touch with CDSL to have the issue resolved at the earliest." "You can now skip CDSL authorisation if you wish to sell your holdings on Kite until CDSL resolves the authorisation issue. Please make sure to authorise your holdings by 5 PM," Zerodha said in another tweet. Central Depository Services (India) Limited (CDSL) has not commented on the issue. CDSL, which is one of the leading depositories, allows investors to deposit securities by opening an account in an electronic form (dematerialised).

Buoyant market sentiment, record addition of clients lift brokerage stocks

Share prices of many brokers have surged over 100% in a year

Who are the biggest beneficiaries of India's digitisation drive in Covid?

When the JAM trinity was announced in 2014, the idea was to link mobile phones with Aadhaar and bank accounts. After UPI and wallets, now we have BharatQR and e-Rupee. Who has gained most from these?

New entrants leveraging technology to attract customers in MF industry

Recent entrants are leveraging technology and low-cost 'passive investing' to attract customers in an industry where market penetration is low

Sensex rises 514 pts, Nifty ends above 17,200; RIL, TCS top contributors

TCS, HUL, Titan Company, UltraTech Cement, and Bharti Airtel hit their respective record highs on the BSE today

Top headlines: Car sales skid, Prosus joins top global investors, and more

From vehicle sales taking a beating in August to Jet Airways' plans to resume service by early 2022, Business Standard brings you the top headlines at this hour

Zerodha gets in-principle approval from Sebi to start mutual fund business

In February 2020, the broking company had applied for the AMC license

Best platforms seeing biggest spike in new users: Zerodha's Nithin Kamath

Nithin Kamath says that a lot of first-time users, who have entered the markets after Covid are increasingly investing in mutual funds, exchange-traded funds, and stocks for their long-term goals

HDFC Securities to enter discount broking segment to win market share

HDFC Securities is creating its own discount broking architecture to compete with new-age firms like Zerodha which are eating into market shares of entrenched players in the business

Fintechs make their presence felt in MF space, see sharp growth in assets

Ease of access, innovative analytical tools and lower investing cost helping them score over traditional players

The race to become the vanguard of India's stock market is on

India's biggest broker is awaiting regulatory approval for an asset management company that will focus only on passive investing.

How celebrity brand value can get checkmated in online chess game

Zerodha's Nikhil Kamath faced flak during a charity chess event on Sunday for resorting to unfair means in order to beat the Indian chess legend Viswanathan Anand

Zerodha's Nikhil Kamath apologises for cheating Viswanathan Anand in chess

On Sunday, the Indian chess field was shocked when five-time world champion Anand was defeated by Kamath, who made near perfect moves

Explained: Why tax is a dilemma for start-up founders in India

After the abolition of the dividend distribution tax, the taxability of salaries and dividends in the hands of a founder of a bootstrapped start-up will be broadly similar, says Ritesh Kumar, IndusLaw

'Don't want to fly in private jet, own a yacht': Zerodha CEO Nithin Kamath

Nithin and his brother expected to earn home a salary of up to Rs 100 crore each for running India's largest stock brokerage firm. Nithin's wife to get same salary package as well.

Stock broking giant Zerodha's FY21 profit more than doubles to Rs 1,000 cr

Promoter Nithin Kamath says firm unlikely to raise external resources

Zerodha's Kamath brothers, Seema Patil to get up to Rs 100 cr salary each

Company plans ESOP buyback at $2-bn valuation

Cholamandalam Investment part of Vishwakarma consortium for NUE licence

The others in the consortium are Financial Software and Systems (FSS), Zoho, Zerodha, Razorpay, Ujjivan Small Finance Bank, and Airpay