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Business Economy


Zerodha’s client base to grow 1-1.2 mn during FY 2018-19

Zerodha’s client base to grow 1-1.2 mn during FY 2018-19

Hyderabad, Apr 24 (UNI) Zerodha, a discount brokerage firm will achieve its client base from 8 lakhs to 1 million or 1-2 million during the Financial Year 2018-19, its vice-president (Education Service) Karthik Rangappa said.

Talking to newsmen here on Tuesday, Mr Karthik along with AVS –Sales Salman Quraishi said that the company has 8 lakh clients across the country. Of them 5.5 were active clients. The clients base has grown300 per cent during 2017-18.

In Telangana, Mr Karthik said that the company has 42,000 clients. It has grown at a rate of 139 per cent during 2017-18. In Hyderabad, Zerodha has 31,000 clients and grown at a rate of 168 per cent during the last fiscal

Speaking on “Coin”, India’s first direct Mutual Fund+ Equity platform, Mr Karthik said that the customer buy mutual funds online completely commission-free directly from asset management companies.

“One can start, stop or modify SIPs anytime they want and the first Rs 25,000 worth of investment would be free”, he said.

“Any investor buying mutual funds directly is the best option. SIP of Rs 5000 monthly invested for 25 years in direct vs distributor can potentially save Rs 28 lakhs as commissions. Buying direct mutual fund in demat also gives the convenience of a single portfolio view”, Mr Karthik said added Coin has facilitated over Rs 1100 crore worth of investments till now.

UNI VV JW1630

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Sensex falls by 128 84 pts

Sensex falls by 128 84 pts

04 Jun 2020 | 5:24 PM

Mumbai, Jun 4 (UNI) The Benchmark Index of Bombay Stock Exchange on Thursday ended negative at 33,980.70, down by 128.84 points, snapping a rally of last six sessions because of selling in Bankex, Finance, Capital Goods and Realty stocks despite
positive global cues.

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Rupee down by 11 paise against USD

Rupee down by 11 paise against USD

04 Jun 2020 | 5:22 PM

Mumbai, Jun 4 (UNI) The Rupee on Thursday further slipped by 11 paise to close at 75.57 against the US Dollar on brisk demand for US Dollar by bankers and importers, dealers at Forex Market said.

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Bombardier Transportation extends successful partnership with QUEST Global

Bombardier Transportation extends successful partnership with QUEST Global

04 Jun 2020 | 5:20 PM

Mumbai , Jun 4 (UNI) Global mobility solution provider Bombardier Transportation and QUEST Global, a global product engineering and lifecycle services company, have signed an agreement to extend their existing partnership in order to strengthen cooperation to further develop engineering capabilities for the rail market.

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Hipla Technologies Pte Ltd Raises SGD 500,000 Funding to Further Grow its Contact Tracking and Social Distancing Product ContaTrack ai

04 Jun 2020 | 4:49 PM

The organisation has launched an end-to-end contact tracing and social distancing solution for offices, manufacturing, retail and healthcare environments
SINGAPORE and KOLKATA, June 4, 2020 /PRNewswire/ -- Hipla Technologies Pte Ltd is excited to announce that they have successfully raised SGD 500,000 from a stellar consortium of investors from India and Singapore.

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Cyient Appoints Meenu Bagla as Vice President and Chief Marketing Officer

04 Jun 2020 | 4:48 PM

Meenu brings more than 20 years of rich experience in the technology industry and will further strengthen the company's brand, deepen customer engagement, and contribute to revenue growth
HYDERABAD, India, June 4, 2020 /PRNewswire/ -- Cyient, a leading digital technology and engineering solutions provider, today announced the appointment of Meenu Bagla as the Vice President and Chief Marketing Officer. As CMO, Meenu will be responsible for strengthening the brand reach, relevance, and advocacy to deliver accelerated business growth in new and existing markets.

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