Latest news with #Kamath
Hindustan Times
4 hours ago
- Business
- Hindustan Times
Nikhil Kamath praises ‘Bangalore Boy' Virat Kohli after RCB's thrilling IPL 2025 win
Zerodha's Nikhil Kamath praised Virat Kohli as Royal Challengers Bengaluru (RCB) won their maiden IPL trophy after nearly two decades. Honouring the ace cricketer from Delhi, Kamath said that after the win, Kohli became 'the Bangalore Boy.' 'Virat Kohli you are the #BangaloreBoy today. Congrats RCB,' he wrote in an Instagram story, along with a heart emoji. Kamath's comments came just hours after the IPL team defeated Punjab Kings in a tightly contested match. With a few balls to go, an emotional Virat Kohli was seen fighting back tears of disbelief as an 18-year-old dream came close to becoming a reality, with every moment. As the last ball was bowled and RCB emerged victorious, the former captain sunk to his knees and cried on the ground as teammates surrounded him. "'This win is as much for the fans as it is for the team. It's been 18 long years. I've given this team my youth, prime and experience. I've tried to win it every season, gave it everything I have. To finally have it is an unbelievable feeling. Never thought this day would come, I was overcome with emotion after the last ball was bowled. Gave each and every ounce of my energy and it's an amazing feeling,' he said. For RCB fans, celebrations began late in the night as their team finally lifted its first-ever IPL trophy. "Ee sala cup naamde' turned into reality as supporters flooded the streets with joy, and fireworks filled the skies. Many shared videos of fireworks and celebrations in Bengaluru, comparing the festivities to Diwali. In the days leading up to the final, fans were seen organising hawans, offering digital snans to RCB team photos and going to temples with photos of Virat Kohli, seeking blessings for a win. (Also read: Indian billionaire celebrates like a true fan as RCB ends title drought and lifts IPL 2025 trophy)
Mint
8 hours ago
- Business
- Mint
MSEI investors uncertain about their bet after Sebi expiry day rule
Broking firms and their founders who backed Metropolitan Stock Exchange of India (MSEI) are uncertain about the fate of their investments after the market regulator limited the weekly expiry of index options to two days, according to executives at two of the four companies. However, these investors have no immediate plan to divest their stakes in MSEI, the executives said on the condition of anonymity. Groww's parent Billionbrains Garage Ventures Pvt; Rainmatter Investments, backed by the Kamath brothers of Zerodha; Share India Securities Ltd; and Securocorp Securities India Pvt Ltd had purchased a combined 19.84% stake in the exchange for ₹238 crore on 24 December last year. The investments were made before Sebi's consultation paper of 27 March seeking public comments on its proposal to limit the weekly option expiry days. On 26 May, Sebi's circular–titled Final Settlement Day (Expiry Day) for Equity Derivatives Contracts–curtailed the expiries for hugely popular index options to Tuesday and Thursday every week. Read more: A loophole lets retail investors bid for some small-business IPOs The investors purchased the stake assuming that Sebi would let each exchange launch index options on one day of their choice every week, per a 1 October circular last year mandating a single expiry per exchange per week, among other things, the executives quoted earlier said. However, Sebi's circular last month mandating two days of expiry for multiple exchanges means that MSEI will be locked in a fight for market share with either BSE Ltd or the National Stock Exchange when Sebi approves a weekly expiry for the bourse. NSE had a three-month rolling market share of 80% in equity options (index plus stock options' premium turnover) as on 30 April, with BSE accounting for the rest, according to NSE data. 'The latest regulation on final expiry day will impact the MSEI plan to gain traction through the weekly expiry option, given the competition the bourse will face from the established exchanges as and when it gets regulatory approval for such a contract," said the first executive quoted earlier. 'This, in turn, will make the fate of our investment uncertain. But, we will not sell our stake because of this new rule as we typically invest for the long term. We will wait and see." 'We are staring at uncertainty over our investment in the exchange," said the second executive. 'When we invested, the idea was that we could have our tailored contracts traded on days there are no expiry from BSE or NSE to differentiate ourselves. But, if our contracts are forced to have expiry on the same day as any of the big exchanges, our derivative products will be a non-starter. It's kind of unfair for Sebi to leave us with little option." Queries emailed to the four investors and MSEI on their plans ahead went unanswered. A Sebi official, too, was unavailable for comment until press time. Renewal of recognition The problems of revival for MSEI come ahead of the exchange's renewal of its recognition by Sebi on 15 September this year. The exchange gets a renewal every year. Of the six Sebi-recognised exchanges, MSEI is the only one that hasn't received permanent recognition from the regulator. The ones permanently recognized by Sebi are NSE, BSE, NCDEX, MCX and the Calcutta Stock Exchange. Queries emailed to Sebi and MSEI on the reason for its annual renewal went unanswered. MSEI has Sebi permission to offer equity, equity derivatives, currency derivatives (including interest rate futures) and debt. Every exchange requires what's known as a segment approval from Sebi to offer products to investors and traders. Other shareholders of MSEI include 10 trading member banks, which held a combined 10.49% as of 31 March 2025. These include Union Bank of India, State Bank of India, Bank of Baroda, HDFC Bank and Axis Bank. Other well-known shareholders include commodity derivatives bourse MCX (5.53%) and co-founder of Enam Holdings Nemish Shah (1.62%). Read more: Only one in five derivative participants trades solely in F&O The bourse offers trading in currency futures, where it had a turnover of ₹2,260 crore against NSE's ₹74328 crore last month, according to Sebi data. There was no trading in equity, equity derivatives and interest derivatives. Shares of MSEI in the unlisted market soared from around ₹2 apiece prior to the stake purchase by the four investors in December to as much as ₹14 in the following weeks before cooling to around ₹8-8.50 currently, according to Narinder Wadhwa, co-founder of SKI Capital Services Ltd.
Time of India
11 hours ago
- Business
- Time of India
Zerodha's MTF bet pays off, touches Rs 3,000 crore in 6 months despite a bear market: Nithin Kamath
Zerodha's Margin Trading Facility (MTF) book has surged to ₹3,000 crore in just six months, serving as a revenue hedge during market downturns and boosting profitability. Enhancements in MTF features and client success are driving strong early traction. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Discount brokerage Zerodha's Margin Trading Facility (MTF) book has grown to approximately Rs 3,000 crore within just six months of launch, despite nearly half that period being marked by bear market-like conditions. Founder and CEO Nithin Kamath shared the update on X (formerly Twitter), noting that although the company had long resisted entering the MTF space, it has now emerged as an effective revenue hedge—offsetting declines in both the options business and transaction charge revenues."Our MTF (Margin Trading Facility) book grown to Rs Rs 3,000 crores within 6 months of launch. Half the time, we were in a bear market-like conditions. By the way, the MTF component of a business, which we had resisted for so long, has acted as a revenue hedge for the business against a drop in options business and a drop in transaction charge revenue," the tweet said that the company's clients are currently sitting on a combined profit on their MTF position. Calling it a "good news", he said that he doesn't know if it will eventually be like this, but at least for now, the business is profitable."The good news is that our clients are sitting on a combined profit on their MTF position. I don't know if it will eventually be like this, but at least for now, they are profitable," Kamath said that the revenue cushioning provided by MTF has helped the company to maintain brokerage rates and depository participant (DP) charges at pre-regulatory action levels, preserving client economics even during industry-wide pricing strong early performance and tangible business benefits, MTF is fast becoming a key lever in the firm's diversified revenue said that the company has improved the MTF feature on Kite by facilitating easy converting of MTF positions to delivery; increasing limits for trade up to Rs 5 crore per stock and Rs 25 crore per account. The company allows MTF for over 1,300 stocks with up to 5X Kite, the users can place GTT and AMO is 'Good Till Triggered" which is a type of order that allows traders to set up buy or sell orders that will only be executed when a specific price trigger is met. This means the order remains active until the trigger condition is reached, unlike regular orders which may expire if not filled during the trading is 'After Market Order' which allows investors to place buy or sell orders outside of regular trading hours. These orders are then executed the next trading day usually during the pre-market Read: Zerodha AMC's silent success: AUM worth Rs 6,400 crore in 18 months, LIQUIDCASE ETF emerges as a retail hero
Economic Times
11 hours ago
- Business
- Economic Times
Zerodha's MTF bet pays off, touches Rs 3,000 crore in 6 months despite a bear market: Nithin Kamath
Zerodha's Margin Trading Facility (MTF) book has surged to ₹3,000 crore in just six months, serving as a revenue hedge during market downturns and boosting profitability. Enhancements in MTF features and client success are driving strong early traction. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Discount brokerage Zerodha's Margin Trading Facility (MTF) book has grown to approximately Rs 3,000 crore within just six months of launch, despite nearly half that period being marked by bear market-like conditions. Founder and CEO Nithin Kamath shared the update on X (formerly Twitter), noting that although the company had long resisted entering the MTF space, it has now emerged as an effective revenue hedge—offsetting declines in both the options business and transaction charge revenues."Our MTF (Margin Trading Facility) book grown to Rs Rs 3,000 crores within 6 months of launch. Half the time, we were in a bear market-like conditions. By the way, the MTF component of a business, which we had resisted for so long, has acted as a revenue hedge for the business against a drop in options business and a drop in transaction charge revenue," the tweet said that the company's clients are currently sitting on a combined profit on their MTF position. Calling it a "good news", he said that he doesn't know if it will eventually be like this, but at least for now, the business is profitable."The good news is that our clients are sitting on a combined profit on their MTF position. I don't know if it will eventually be like this, but at least for now, they are profitable," Kamath said that the revenue cushioning provided by MTF has helped the company to maintain brokerage rates and depository participant (DP) charges at pre-regulatory action levels, preserving client economics even during industry-wide pricing strong early performance and tangible business benefits, MTF is fast becoming a key lever in the firm's diversified revenue said that the company has improved the MTF feature on Kite by facilitating easy converting of MTF positions to delivery; increasing limits for trade up to Rs 5 crore per stock and Rs 25 crore per account. The company allows MTF for over 1,300 stocks with up to 5X Kite, the users can place GTT and AMO is 'Good Till Triggered" which is a type of order that allows traders to set up buy or sell orders that will only be executed when a specific price trigger is met. This means the order remains active until the trigger condition is reached, unlike regular orders which may expire if not filled during the trading is 'After Market Order' which allows investors to place buy or sell orders outside of regular trading hours. These orders are then executed the next trading day usually during the pre-market Read: Zerodha AMC's silent success: AUM worth Rs 6,400 crore in 18 months, LIQUIDCASE ETF emerges as a retail hero
Time of India
a day ago
- Politics
- Time of India
Cong leader accuses BJP MLA of not taking action during rain disaster
Mangaluru: KPCC general secretary Padmaraj R Poojary criticised MLA D Vedavyas Kamath for failing to support the rescue operations during the recent rain-related disasters. Poojary told reporters on Monday that the MLA of Mangaluru City South forgot his responsibilities and was engaged in political mudslinging even when the city witnessed artificial flooding and other disasters. Tired of too many ads? go ad free now He said the MLA also did not meet district minister Dinesh Gundu Rao to discuss rain-related issues. "Heavy downpour caused significant destruction, including loss of lives, in Dakshina Kannada. People elected their MLAs with the hope of working for the constituency, especially in times of crisis. Unfortunately, MLA Kamath was engaged in political mudslinging targeting the Congress govt, even when roads in the city were witnessing artificial flooding," Poojary said. He stated that the BJP, which was in power in the Mangaluru City Corporation (MCC) council for five years, did not do anything to prevent the flooding of roads. The unscientific development works taken up under the Smart City Mission were also a reason for the artificial flooding. On the instructions of chief minister Siddaramaiah, the district minister visited various places, distributed ex-gratia to the families of those who died in the natural disaster, and also held official meetings to strengthen the disaster response network. Being an elected representative, Kamath should have met the minister and given his suggestions to tackle the rain damage. Condemning the murder of Abdul Rahiman, Poojary said, "I checked the background of Rahiman and I assert confidently that he was an innocent youth, who had no criminal records in any police stations. No one has the right to kill anyone, even those who have criminal records. I have confidence that the new police officers appointed by the govt will be able to establish peace and harmony in the district." In response to a query, Poojary said that he will seek more funds for disaster management in the district.
