Stock Broking

Try to save cost on mode of investing, but it is usually not wise to scrimp on the cost of advice

Capital markets regulator Sebi on Friday imposed a Rs 6 lakh penalty on Pace Stock Broking Services for flouting norms related to National Stock Exchange's co-location facility.

Kamath says the right way to value online brokerage is 15-20 times earnings which would peg the bootstrapped start-up's valuation at over $3 billion

Markets regulator Sebi on Monday cancelled the registration of four stock brokers and 11 depository participants, including Karvy Stock Broking and Anugrah Stock & Broking. Irrespective of the cancellation of registration certificate, the respective entities will continue to be liable for anything done as depository participant or stock broker and will continue to be responsible for payment of outstanding fees and dues and interest if any, due to Sebi. The directions will come into force with immediate effect, the Securities and Exchange Board of India (Sebi) said in two separate orders. Sebi said the registration of four stock brokers -- KSBL Securities, Conard Securities, Anee Securities and Credential Stock Brokers -- have been cancelled upon expulsion from the stock exchanges. The exchanges have informed Sebi that brokers were expelled from their membership by them and the same has been communicated to them, the order mentioned. The four entities have ceased to satisfy the ...

The funding round is said to be led by existing investor Tiger Global and is still ongoing

At present, Fisdom operates a successful mutual fund distribution platform. The broking foray comes amid a frenzy to open new accounts underpinned by the buoyancy in the market

NSE and BSE on Friday asked investors to deal with only registered stockbrokers amid instances of unregistered entities targeting gullible investors with false promises of exorbitant returns.

Anmi favours a model that may predict peak margins to be complied with by trading member so that on any given day upfront compliance may be considered based on margins for T-1 day

The man who hates seeing people losing money started Kredent InfoEdge, whose two platforms offer video courses on investing and a base for learners to dive into stock fundamentals and technicals

Stock brokers' association Anmi on Monday said it has requested markets regulator Sebi to reduce peak margin for intraday trades to a maximum of 50 per cent

Sebi on Wednesday extended deadlines for complying with certain regulatory requirements by stock brokers, clearing members and KYC registration agencies in view of the ongoing COVID-19 pandemic.

Industry players say biggest impact could be on derivative futures volume followed by cash market volumes

Promoter Nithin Kamath says firm unlikely to raise external resources

Company plans ESOP buyback at $2-bn valuation

Increased volumes-based buying shows market participants' keen interest in brokerage firms

Mumbai-based brokerage misused client funds worth Rs 119 crore, says regulator's investigation

Sebi on Tuesday slapped a fine of Rs 90 lakh on Anugrah Stock and Broking Pvt Ltd for violations of market norms. The order follows a joint investigation carried out by Sebi, BSE, NSE and Central Depository Services India between April 2017 and September 2018. "It is established that the noticee failed to segregate client's funds inter-se and/ or between clients' funds and its own funds, misutilised the funds of clients, pledged the securities of clients other than the respective client obligation, funding the clients by allowing exposure beyond the prescribed time frame as specified in the regulations, failed to settle client accounts...," Sebi said. The noticee is Anugrah Stock and Broking. Sebi found that the broker had misused credit clients' funds to meet the obligations of debit balance clients and the amount of misutilisation ranged between Rs 8.05 crore and Rs 118.77 crore for the selected sample days. In addition, the broker misutilised clients' funds and securities by ..

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

Around 10 million new investing accounts, largely by retail investors, were opened in India last year, calculations from the country's two main depositories of accounts show

ICICI Securities saw brokerage income jump 61 per cent, while Motilal Oswal saw strong traction in cash market share and the highest ever quarterly client addition