Zerodha is doubling brokerage fees to ₹40 for certain intraday derivatives trades from April 1. This applies to traders not meeting SEBI’s 50% cash collateral rule, a gap Zerodha previously covered. The move follows declining volumes and potential STT hikes, prompting other brokers to consider similar pricing adjustments to offset rising costs.Read More
Sebi now permits stock brokers to accept WhatsApp buy/sell instructions from investors, provided these messages are retrievable for investigations. This move addresses compliance concerns and the risk of ‘front running’, allowing WhatsApp chats to be considered legally verifiable records if properly logged and preserved by brokers.Read More
The Reserve Bank of India has greenlit Avenir Investment RSC’s acquisition of a significant stake in Sammaan Capital. This substantial deal, valued at ₹7,700 crore, marks a major Middle Eastern investment in India’s financial services. RBI has imposed specific conditions, including restrictions on deposit-taking and a one-year timeline for share transfer, ensuring regulatory oversight.Read More
Indian benchmark indices surged on Tuesday, with the Nifty 50 and BSE Sensex gaining significantly. This rally was driven by positive sentiment stemming from US President Trump’s remarks on Iran negotiations and a pause in strikes. Despite the gains, market direction remains uncertain, with analysts watching for confirmation of a sustained rebound.Read More
The Supreme Court has ordered its registry to disburse ₹5,100 crore from former Sterling Biotech directors to banks proportionally within a week. The court also barred further claims from unsecured creditors and will address the Sebi probe into alleged fund routing on April 2.Read More
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