KITE BUSINESS IN INDIA
Stocks in news: Reliance Industries, Eternal, Alkem Labs, BEL, HPCL, Swiggy and GMDC
Indian markets witnessed a downturn on Wednesday, prompted by significant selling in banking stocks. After showing initial promise, the Nifty 50 index dropped by 77.60 points to close at 22,811.35. Reliance Industries celebrated a reaffirmation from ICRA concerning its non-convertible debenture program, valued at Rs 12,000 crore. Eternal also reported impressive year-on-year growth in Q2 revenue and net profits.
Zerodha gets Sebi nod for merchant banking licence, formal registration awaited: Report
Zerodha’s merchant banking licence application has received Sebi clearance, enabling its expansion into investment banking after formal registration. The move broadens its financial services portfolio, strengthens its capital markets presence and positions the broker to support companies raising funds through IPOs.
ETtech Explainer: Groww vs Zerodha — one wins the customer race, the other the earnings battle
Groww widened its lead in active clients and grew faster in FY26, but Zerodha remained nearly twice as large in revenue and profits. As retail trading cooled, Groww is adding products and going upmarket to monetise its larger user base, while Zerodha is protecting its mature profit pool and diversifying beyond broking.
Zerodha FY26 profit, revenue stay flat due to slowdown in core broking business
Brokerage income fell 10.7% to Rs 2,738 crore during the year, while net transaction-charge income dropped to zero from Rs 400 crore after a regulatory change ended the rebates brokers received from stock exchanges. Annual maintenance charges rose marginally to Rs 180 crore, while interest income declined about 4% to Rs 2,269 crore.
Zerodha turns 16: Nithin Kamath says user additions slowing, MF business 'slipped up a little'
Zerodha CEO Nithin Kamath said slower market activity and regulatory changes have challenged brokerage growth, while warning that rising margin trading funding poses risks. Despite weaker trading activity, Zerodha’s customer assets continue growing, supported by trust, technology and financial content.
Zerodha turns its ‘Coin’ into a passive wealth management hub
Zerodha is expanding its Coin platform into a comprehensive one-stop shop for passive wealth management, now including fixed deposits alongside mutual funds, NPS, and insurance. The company is also exploring bond distribution, aiming to cater to a broader range of investor needs for non-active management of funds.
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PM Modi, German Chancellor Merz pay tributes to Mahatma Gandhi at Sabarmati Ashram
Prime Minister Narendra Modi and German Chancellor Friedrich Merz visited Ahmedabad. They paid homage at Sabarmati Ashram. The leaders then inaugurated the International Kite Festival. Bilateral engagements followed at Mahatma Mandir in Gandhinagar. They reviewed the India-Germany strategic partnership. Discussions included regional and global issues with business leaders.
Rural artisans being trained in kite making ahead of Uttarayan in Gujarat
With the Uttarayan festival approaching, Gujarat has launched a ₹23 lakh initiative to train 444 artisans in kite-making, promoting self-employment. Training sessions focus on market opportunities and are currently held across multiple districts. The International Kite Festival will feature participants from 47 countries and several Indian states, highlighting the strong demand for kites domestically and internationally.
Zerodha faces another technical glitch, users face Kite login issues
India's second-largest broking platform Zerodha website displayed the error message ‘503 Service Unavailable. No server is available to handle the request.’ Traders on X (formerly Twitter) reported that the trading platform was not functioning even before trading commenced on Monday.
KITES Senior Care and Columbia Pacific Communites set to merge for one of India's largest senior living firms
Columbia Pacific Communites is set to merge with Kites Senior Care, forming one of India's largest senior living firms. The merger is expected to benefit Columbia Pacific Communities, which has a net worth of over Rs 25 crore. The merger is expected to boost the company's bed capacity to over 1,000 within the next six quarters. Kites Senior Care, a leading provider of out-of-hospital geriatric care services, secured an investment of Rs 45 crore from Ranjan Pai's MEMG Family Office Fund in March 2024.
Elderly care startup Kites Senior Care raises Rs 45 crore in funding from Ranjan Pai
The funds will be used to deepen its presence in cities like Bengaluru, Hyderabad, Chennai, while also facilitating expansion into three additional cities across Southern India, the company said.
Zerodha hit by tech glitch, affected traders demand compensation
Traders on Zerodha, India's second largest broking platform, faced a technical glitch, leading to intermittent issues with order placement on the Kite app. Zerodha resolved the connectivity problem and expressed regret for the inconvenience caused. Affected traders sought compensation for their losses and expressed their grievances on social media. This incident follows a similar technical glitch experienced by users of Groww, the largest broker in India, last week.
'Chinese manjha' kills again: Businessman's neck slit in Delhi
'Chinese manjha' is a glass-coated thread used in flying kites, and is notorious for its tough, plastic-like durability. It is illegal to buy , sell or use it.
Pride and the prevalence of political colours: How political parties use colours
Colours and politics have a long connection. In ancient Rome, chariot teams in the vast Circus Maximus were assigned colours to make them more visible. An early example of colours being used for political change, was with the British suffragettes, who fought for the right to vote for women.
COVID-19: Hotels across the board undertake pay cuts, give unpaid leave options to staff
While chains like Lemon Tree and Treebo Hotels announced pay cuts for their leadership teams this week, people familiar with the matter said Marriott International has asked its corporate staff to take a 20% pay cut while a 50% pay cut has been proposed for general managers and a 30% cut for heads of departments.
Lemon Tree Hotels signs first hotel in Dubai with Al Waleed Real Estate
The hotel is in proximity to famous destinations like Burj Al Arab, Kite beach and the Mall of Emirates, and equidistant from Business Bay and JLT, the two major business districts of Dubai.
FourKites launches India operations, targets a doubling of headcount by 2018
The Chennai office will be used further research and development activities and to build upon the company’s engineering and operations functions.
Defence cooperation to be key focus of PM Narendra Modi's visit to Indonesia, Singapore
India and Indonesia are likely to sign a pact on defence cooperation as a similar agreement inked years ago had expired.
Small biz hunt for accountants to usher in GST; kitemakers seek gains for aam aadmi
Jewellers are not complaining about loss of business as hardly anybody buys jewellery at this time of the year, but the tax rankles.
Delhi’s Kite Runner: An amateur curiosity that explains effects of unplanned urbanisation
As a child growing up in Siwan, Bihar, Nishant Kumar couldn’t have missed all those birds around him even if he tried.
Hotel hiring clocks 30% growth after 5-year lull
A strong business sentiment and pickup in corporate travel have brought good tidings for hotel employees, with hiring registering a good uptick in the past six months.
Discount broking firm Zerodha throws open its Kite Connect to financial technology startups
The offering is similar to what Robinhood — the tech-driven brokerage backed by Google Ventures — has done in the United States.
The transformation of Sabarmati from a parched riverbed with puddles of industrial effluents to a bustling, swanky riverfront
Other cities including Vadodara and Surat in Gujarat, Pune, Varanasi and Chennai propose to replicate this urban infrastructure project.
I want to start a cigar factory in Gujarat, says Rocky Patel
The 53-year-old lawyer-turned-cigar baron is in India to promote his product. But he is also here for Uttarayan (Makar Sankranti).
Lok Sabha poll campaign goes to the skies
Adopting new means to campaign and reach out to voters, political parties are now ordering for kites wearing their party colours and bearing party symbols.
Sky’s the limit for pro kite flyers now
Income for kite-flyers has spiked 600% in the past three years, as even charity organisations, politicians and local personalities create a mini-industry.
Patang Utsav: Even a kite can draw the world to Gujarat, says Narendra Modi
Even a kite can draw the world to Gujarat, Narendra Modi exulted today while highlighting fresh steps taken by his government to promote tourism in the state.
Bollywood 2010: Masala makes comeback, biggies disappoint
Hardcore commercial films with rural backdrop made a big bang in 2010 with the success of 'Raajneeti' and 'Dabangg' but many other mega budget films like 'Raavan', 'Kites' and 'Guzaarish' flopped at the box office.
Bollywood film 'Kites' rises abroad, falls at home
Bollywood film "Kites" started strongly at the box office in India, raising hopes of the industry's first, badly needed blockbuster of the year, but mixed reviews have dented initial enthusiasm.
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