Latest news with #Rainmatter
The Hindu
2 days ago
- Sport
- The Hindu
Indian sports wrap, June 11: Bhambri-Galloway pair exits Boss Open
TENNIS Bhambri-Galloway pair exits Boss Open India's number one doubles player Yuki Bhambri and his American partner Robert Galloway fought their hearts out before losing the BOSS Open pre-quarterfinals, here. In a match where both sets were decided by tie-breakers, the Indo-American combine lost 6-7 (5) 6-7 (5) to Santiago Gonzalez from Mexico and Austin Krajicek from the USA in one hour and 34 minutes. India's challenge is still alive in the tournament, with veteran Rohan Bopanna and N Sriram Balaji competing with their respective partners. Balaji and and his Mexican partner Miguel Reyes-Varela are up against the second-seeded French pair of Sadio Doumbia and Fabien Reboul. The 45-year-old Bopanna has teamed up with Belgium's Sander Gille and they will take on the local combination of Jakob Schnaitter and Mark Wallner. -PTI BADMINTON Machaxi Raises $1.5M from Prakash Padukone, Rainmatter and Others to Expand AI-Based Grassroots Badminton Training Machaxi, a sports-tech company focused on grassroots coaching and digital sports infrastructure, has raised $1.5 million in a round led by Rainmatter, the investment initiative of Zerodha. The round also saw participation from Indian badminton legend Prakash Padukone and existing investors. The funding will help Machaxi scale its operations beyond Bengaluru into three new cities-Hyderabad, Pune, and Chennai—while also building a nationwide framework for AI-powered badminton coaching. As part of the expansion, Machaxi is collaborating with the Padukone School of Badminton to launch the 'Machaxi x Padukone School of Badminton' program. The initiative aims to establish over 1,000 coaching centres across India within the next four years. Prakash Padukone, Ace Indian Badminton player, said: 'I've always believed that the future of Indian badminton lies in structured grassroots development. Machaxi's vision to scale coaching while maintaining quality through AI is forward-thinking and impactful. I'm thrilled to partner with them in shaping the next generation of champions.' Related Topics Tennis / Badminton
Economic Times
2 days ago
- Business
- Economic Times
Zerodha's Nithin Kamath hails SCRA rule clarification for stock brokers, "huge" for Rainmatter. Here's why
Zerodha Founder & CEO Nithin Kamath on Tuesday lauded Indian finance ministry and NSE for clarification of SCRA rules enabling stock brokers to invest their own funds without exchange approvals or restrictions. Calling it huge for Rainmatter, an initiative by Zerodha which supports and invests in Indian startups, Kamath said that Zerodha will now be able to allocate more capital to support domestic startups directly from the brokerage entity. ADVERTISEMENT "Finally, after clarification of SCRA rules by @FinMinIndia and NSE, brokers can now invest their own funds without exchange approvals or restrictions. This is huge for @Rainmatterin. We can now allocate more capital to support Indian startups directly from the brokerage entity," Kamat tweeted on his official X handle. The government had in May, amended the Securities Contract (Amendment) Rules to give regulatory clarity and enhance ease of doing business for stock brokers. "Amendment gives regulatory clarity to enhance ease of doing business for brokers," the finance ministry said. Through a circular issued on May 16, the Ministry of Finance recently changed certain rules about how stockbrokers can invest their own money. The main point of the change is that when a stockbroker invests his own money, it will generally not be considered as part of their "broking business" subject to certain conditions.'Provided further that investments made by a member shall not be construed as business except when such investments involve client funds or client securities or relate to arrangements which are in the nature of creating a financial liability on the broker,' the clarification said. The government amended the rules by inserting this provision in Rule 8 of the Securities Contracts (Regulation) Rules, means they won't have to follow the same strict rules that apply to client-related transactions. ADVERTISEMENT However, there are exceptions to this rule. If the investments made by stock brokers involve client money or client securities, or if these investments create a financial risk for their brokerage firm, then these investments will still be treated as part of their business and subject to the usual rules.'Provided further that investments made by a member shall not be construed as business except when such investments involve client funds or client securities or relate to arrangements which are in the nature of creating a financial liability on the broker,' the clarification said. ADVERTISEMENT Also Read: Zerodha's MTF bet pays off, touches Rs 3,000 crore in 6 months despite a bear market: Nithin Kamath (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times) ADVERTISEMENT (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
2 days ago
- Business
- Time of India
Zerodha's Nithin Kamath hails SCRA rule clarification for stock brokers, "huge" for Rainmatter. Here's why
Zerodha Founder & CEO Nithin Kamath on Tuesday lauded Indian finance ministry and NSE for clarification of SCRA rules enabling stock brokers to invest their own funds without exchange approvals or restrictions. Calling it huge for Rainmatter, an initiative by Zerodha which supports and invests in Indian startups, Kamath said that Zerodha will now be able to allocate more capital to support domestic startups directly from the brokerage entity. "Finally, after clarification of SCRA rules by @FinMinIndia and NSE, brokers can now invest their own funds without exchange approvals or restrictions. This is huge for @Rainmatterin. We can now allocate more capital to support Indian startups directly from the brokerage entity," Kamat tweeted on his official X handle. The government had in May, amended the Securities Contract (Amendment) Rules to give regulatory clarity and enhance ease of doing business for stock brokers. "Amendment gives regulatory clarity to enhance ease of doing business for brokers," the finance ministry said. Through a circular issued on May 16, the Ministry of Finance recently changed certain rules about how stockbrokers can invest their own money. The main point of the change is that when a stockbroker invests his own money, it will generally not be considered as part of their "broking business" subject to certain conditions. 'Provided further that investments made by a member shall not be construed as business except when such investments involve client funds or client securities or relate to arrangements which are in the nature of creating a financial liability on the broker,' the clarification said. The government amended the rules by inserting this provision in Rule 8 of the Securities Contracts (Regulation) Rules, 1957. This means they won't have to follow the same strict rules that apply to client-related transactions. However, there are exceptions to this rule. If the investments made by stock brokers involve client money or client securities, or if these investments create a financial risk for their brokerage firm, then these investments will still be treated as part of their business and subject to the usual rules. 'Provided further that investments made by a member shall not be construed as business except when such investments involve client funds or client securities or relate to arrangements which are in the nature of creating a financial liability on the broker,' the clarification said. Also Read: Zerodha's MTF bet pays off, touches Rs 3,000 crore in 6 months despite a bear market: Nithin Kamath
The Hindu
22-05-2025
- Sport
- The Hindu
Hyderabad chapter of Sisters in Sweat kicks off with sessions in football, kickboxing, and more
On a Sunday morning, a group of women gather at Turfside, Hyderabad. They begin with a warm up and spend the next 90 minutes playing football. Not all of them are adept at the game. A coach guides them with the dos and don'ts. The women sportingly navigate the moves and by the end of the session, are a sweaty mess. The satisfaction of a morning well spent is unmistakable. It aligns with the objective with which the Hyderabad chapter of Sisters in Sweat kicked off a few weeks ago. In 2017, Sisters in Sweat (SIS) began in Bengaluru as a community to encourage women to participate in sports and fitness. Founded by Swetha Subbiah and Tanvie Hans, SIS is now a 10,000-plus community with a presence in Bengaluru, Mumbai, New Delhi and Hyderabad. The members participate in basketball, football, kickboxing, running, touch rugby, yoga, dance and other fitness activities. Zerodha-backed Rainmatter recently announced its decision to invest in SIS, giving it the scope to further its reach. Swetha confirms that the community is looking to expand to 10 cities by 2026. The beginning SIS began over a game of football with friends. Tanvie, a football player with the English Premier League, had moved back to Delhi and eventually to Bengaluru. Swetha, a Nike-certified fitness instructor, and Tanvie, met in 2016 during the Nike India promotional campaign 'Da da ding' and became friends. Shweta recounts, 'A friend who was keen to learn football requested Tanvie to conduct a session. Since it is a team sport, we called some of our friends, booked a ground and played the following Sunday.' Over breakfast, the women expressed their interest in regular meet-ups. A WhatsApp group was created immediately and the 17 women who participated in the game became members. At the time, Swetha and Tanvie did not realise they had created a unique community. 'Both of us had always been outgoing and participated in sports and fitness activities. We were not aware of the barriers until other women voiced their experiences. We realised there is a need to have women-only sessions and spaces,' says Swetha. It was a challenge to find certified female coaches, so SIS began roping in both male and female certified coaches for each sports and fitness sessions. The community grew in strength. SIS Hyderabad The Hyderabad chapter took shape when Anusha Rao, a former professional tennis player, showed interest. She had heard about SIS through friends in Bengaluru and approached Swetha. Anusha spread the word through her school and college friends, some of whom are in the corporate sector. Word-of-mouth publicity and social media resulted in a 250-strong community. SIS Hyderabad meets on Saturdays and Sundays, and aims to host sessions through the week as the community grows. The challenge is to find meet-up spots in a geographically-expanding city. 'Banjara and Jubilee Hills seem to be convenient for most members, even those from Secunderabad. Some do not mind Madhapur or Kondapur which are sports hubs. Gachibowli and the Financial District are further away. We are still studying the city to find out the areas of interest for women in fitness and sports and what would work geographically,' says Anusha. Anusha observes that while Frisbee evokes enthusiasm in Mumbai and Bengaluru, Hyderabad veers towards football, kickboxing, running, pickleball, and calisthenics. Each week, details of the meet-up are posted on the SIS website and the WhatsApp group. Interested members can register and pay a fee, which ranges from ₹300 to ₹1000, depending on the venue and the coaching requirement. Cracking the age barrier Coaching for aspiring runners has begun this month, apart from weekly football sessions. Plans are on to encourage women to have a holistic approach to sports and fitness, with strength training, flexibility, mandatory warmups and cool downs. Anusha observes that most participants in Hyderabad are in the 20s-to-40s age group. 'Fifty-plus age group is tougher to crack. We have also noticed that basketball and badminton might be tougher for those in their 40s and 50s with no prior sports experience, but there are other activities that can be explored.' Anusha is confident that 'playing a sport is the new method to socialising', and believes that more women would be keen if sessions could be held in neighbourhoods of the city. 'We want to be able to conduct sessions in every corner of Hyderabad, from Secunderabad to Tellapur.' As the Hyderabad chapter hopes to expand its reach, SIS has larger plans. Backed by Rainmatter's funding, Swetha hopes to conduct mass participatory events. Earlier this year, Bengaluru SIS hosted a run in which 2,000 women participated. 'Most of our regular sessions have up to 20 women participating, and in some cases go up to 100 to 150. A few guidelines we adhere to include making the sessions interactive to help participants break the ice and vibe with each other,' Swetha says. Sports and fitness are made less intimidating by playing fun music in the background, Swetha says. 'Coaches function more like friends. It is important for everyone to have a great time while indulging in sports and fitness.'
Hindustan Times
01-05-2025
- Business
- Hindustan Times
Zerodha-backed investor faces backlash for ‘tone-deaf' Labour Day post on his house help, cook: ‘Why didn't you…'
An investor's post about his domestic staff working instead of taking off on Labour Day has backfired. He posted that his working staff showed up while he and his 'laptop class friends' got to take leave to celebrate the day. May 1 is International Labour Day, which is celebrated to recognise the efforts and struggles of the working class. 'It's May 1st. Labour Day in India. The house help came. The cook showed up. The apartment security gaurd & housekeeping staff is on duty. Only me and my laptop class friends taking a break to 'celebrate labour'. Irony is now a public holiday,' Dilip Kumar, whose X bio says he is 'investing in founders at Zerodha and Rainmatter by Zerodha,' wrote. Rainmatter is an initiative by Zerodha that backs Indian founders and startups in the fintech, climate, health, and storytelling sectors. People were quick to react; most slammed him, with some calling his post 'tone-deaf'. An individual posted, 'You could have given your Househelp and cook an off proactively.' Kumar replied, 'I offered but they refused because other labours who own 3BHK in the apartment want them to come.' Another questioned, 'Why didn't you give her the day off?' A third expressed, 'But what are you doing about it?' A fourth wrote, 'Bro, it is you who have to give them a holiday… have some integrity.' In India, May 1 is also celebrated as Maharashtra Day and Gujarat Day. PM Narendra Modi shared posts about these occasions on X. 'On the proud occasion of their Statehood Day, my best wishes to the people of Gujarat. The state has distinguished itself for its culture, spirit of enterprise and dynamism. The people of Gujarat have excelled in various fields. May the state keep attaining new heights of progress,' the PM wrote in a post. In another X post, he shared, 'Maharashtra Day greetings to the people of the state, which has always played a vital role in India's development. When one thinks of Maharashtra, its glorious history and the courage of the people come to our mind. The state remains a strong pillar of progress and at the same time has remained connected to its roots. My best wishes for the state's progress.'
