Page 5 - Brokerages

Tiger Global-backed brokerage Upstox to sponsor Indian Premier League 2021

Tiger Global-backed online brokerage Upstox will sponsor the Indian Premier League starting April 9

Earnings estimates of India Inc see upgrade after strong Q3 results

Analysts at top brokerages raise FY21-FY23 estimates by 5-6%

Online brokerage Robinhood plans confidential IPO filing in March: Report

Online brokerage Robinhood, at the centre of this year's retail trading frenzy, is planning to file confidentially for an initial public offering as soon as March, a report said

Brokers, wealth managers hate us and we are okay with that: Nikhil Kamath

Last year, he and his brother Nithin jettisoned into a club of the country's 100 wealthiest with their net worth pegged at around Rs 24,000 crore

SC directs SAT to hear NSEL plea against 'not fit and proper' brokers

The National Spot Exchange Ltd (NSEL) said the Supreme Court has directed the Securities Appellate Tribunal (SAT) to allow the bourse to present its appeal in the "not fit and proper" case against brokers. The apex court, thus, rejected the opposition put up by senior advocate and former finance minister P Chidambaram on behalf of brokers, the NSEL said in a statement. The tribunal had refused to admit the plea on technical ground of delay, forcing the NSEL to move the Supreme Court, it said in the statement. Pursuant to an investigation, markets regulator Sebi had declared the brokers "not fit and proper" to function in the commodity segment, on finding the brokers (Motilal Oswal Commodities, India Infoline Commodities, Phillip Commodities, Anand Rathi Commodities and Geofin Comtrade) guilty of malpractices. The regulator's order came following the report by the EOW-Mumbai and complaint filed by the NSEL. "These brokerages were accused of offering assured returns, KYC (Know Your

After record FY21, brokerages' revenue growth to moderate in FY22: ICRA

'The ongoing investor exuberance is expected to wane gradually. The trading volumes are expected to moderate compared to the peak witnessed in the last few months,' says an ICRA official

Economic activity on verge of normalcy, GDP to grow 13.5% in FY22: Report

Economic activity is on the 'verge of normality' after getting severely hit by Covid-19, a Japanese brokerage said

Fiscal deficit may invite rating agencies' ire, Fitch may downgrade: Report

Global rating agencies may view the fiscally expansive budget proposals negatively, a brokerage said

Incomes of listed brokerages soar in Q3 amid robust client additions

Last year saw rise of 'Robinhood' phenomenon, or direct stock purchases during sharp correction; aggregate brokerage industry income up 8 per cent at Rs 21,000 cr in FY20

MCX's profit after tax rises 29% to Rs 72 crore in December quarter

The Multi Commodity Exchange of India (MCX) on Thursday reported a 29.20 per cent rise in its consolidated profit after tax (PAT) to Rs 71.80 crore for the December 2020 quarter.

Retail participation and higher volumes boost broking business in 2020

The number of active investors has gone up 30-40% for most top brokers after the Covid outbreak

Divi's Labs: New capex, margin expansion to support earnings growth

Brokerages expect the company's net profits to grow by 30 per cent annually over FY20-23

Discount model the new mantra for broking firms to gain market share

Kotak Securities (KSL), a full-service broker, on Thursday announced the launch of its Trade-Free Plan, with zero brokerage on intraday trades and Rs 20 per order for all other F&O trades

Revenues and profit surge for broking houses in September quarter

During the September quarter, the Sensex and the Nifty indices rallied nearly 10 per cent, while the broader markets rallied even more

IPO expenses likely to ease further this year, say industry players

Investment banking and legal fees, advertisement and marketing, listing fees and brokerage, and selling commission are the typical cost heads incurred by a company for an IPO

Decoded: Why Sebi's new margin pledge norms have rattled brokerages

Business Standard tries to explain why Sebi introduced this new system and why it is worrying the broking community

This upstart Chinese brokerage is now bigger than Credit Suisse

Shares in the online broker and market data provider have rocketed 78 per cent this year, giving it a market value of more than 200 billion yuan ($29 billion)

New margin norms to hit traditional brokers, more suited for online brokers

Uncertainty over outstanding F&O positions where margins given under erstwhile system

Brokerages likely to tap into clients' appetite for overseas trading

At least three major brokerages are looking at making such offerings available to their clients

Direct market access in exchanges will pose higher systemic risk: Brokers

Experts say playing various functions of an intermediary may not be feasible for exchanges