The aim is twofold: bring down cost of customer acquisition, while improving user experience
Inexpensive valuations provide support to the stock
Brokerages have cut their profit estimates by 3-5 per cent
Emkay Global expects the net profit to zoom 97 per cent YoY and contract 18 per cent QoQ at Rs 2,196 crore
Here's what leading brokerages expect from the infra major's Q1 results
Robinhood aims to raise more than $2 billion in its public debut, planned for later this summer
Larger firms garnering market share amidst good growth in industry
Edelweiss Financial Services on Friday said it will exit the insurance broking business by selling its 70 per cent stake in Edelweiss Gallagher Insurance Brokers Ltd for Rs 307.60 crore. "The company has entered into an agreement... to divest its entire shareholding (currently 70 per cent) in Edelweiss Gallagher Insurance Brokers Ltd, a subsidiary, engaged in the business of insurance broking to Arthur J Gallagher & Co...," Edelweiss Financial Services said in a regulatory filing. Gallagher, who previously held 30 per cent in the business, will now be acquiring all the remaining shares, taking its stake to 100 per cent, the filing added. The company said, as per the agreement 37,00,000 equity shares of Rs 10 each representing 70 per cent of the paid up share capital of Edelweiss Gallagher Insurance Brokers held by the company to be sold for a consideration of Rs 307.60 crore, in one or more tranches, in the manner as set out in the agreement. In addition to the sale consideration,
200 firms of the BSE 500 universe are tracked by more brokerages than a year ago
Revenue growth, higher share of specialty products to improve margins going ahead
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.
Company plans ESOP buyback at $2-bn valuation
The Nifty Financial Services index is up 8.1 per cent on a year-to-date basis. In comparison, the Nifty50 index has gained 9.7 per cent
Increased volumes-based buying shows market participants' keen interest in brokerage firms
Some brokerages prefer Metropolis given higher realisation, revenue growth trajectory
Broking industry revenue growth to moderate in FY22, rise in volatility and regulatory changes could weigh on volumes
In a Q&A, the Co-Founder and CEO of Upstox explains what has propelled the growth and the company's ambitious tie up with IPL
Brokerages bullish on improving cycle and higher prices
Archegos implosion: Regulators must ask some serious questions
Nomura and other investment banks may lose more than $6 billion after lending to Archegos Capital, a US investment firm run by former Tiger Asia manager Bill Hwang