Nithin Kamath News

penalties on Zerodha Asset Management Private Limited, commonly known as Zerodha Fund House, and its key managerial personnel, including founder Nithin Kamath. The penalties stem from the company's failure to appoint a chief financial officer (CFO) for a period of 459 days, in violation of Section 203 of the Companies Act, 2013. The company filed a suo-moto application on January 9, addressing the non-appointment of a CFO between December 20, 2021, and March 23, 2023. This filing led to the MCA's hefty penalty against the company. “The company did not have a chief financial officer till the appointment of Chintan Vasantlal Bhatt on 24.03.2023, thereby violating the relevant provisions of the act from 20.12.2021 to 23.03.2023 i.e. 459 days,” the MCA order noted.

A fresh circular from the Securities and Exchange Board of India (Sebi) seems to have sent discount brokers into a tizzy. Zerodha co-founder Nithin Kamath said the company may have to reconsider its zero-brokerage model, or even increase brokerage fees for trades in the futures and options (F&O) segment, after Sebi’s directive that all market infrastructure institutions, including stock exchanges, must charge members a uniform fee unlinked to trading volumes.

Zerodha chief executive officer Nithin Kamath has sought tax exemptions for startup investments, which he believes will eventually help address the unemployment issue plaguing the country. Taking to microblogging site 'X' (formerlyTwitter) days before the presentation of the Union Budget for FY25, he said that encouraging entrepreneurship is one of the ways to tackle unemployment.

Zerodha founder Nithin Kamath flagged the high sugar content and adulteration in food items on Wednesday. Nithin Kamath said that the sugar content in most food items is “ridiculous" and adulteration in items like masalas, milk and protein is “slowly killing" people.Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today — May 29“We Indians need to question what goes into the food we consume. The more we ask, the better choices we will have.

Zerodha's Nithin Kamath on Friday said the market regulator's new proposal to make direct payout of securities, including shares, to clients accounts will simplify the depository operations of stock brokers. Recently, Sebi, in a consultation paper that is out for public comments, proposed mandatory direct payout of securities to demat accounts — a move that is aimed at ensuring that securities of the clients are not vulnerable to misuse.

Zero1 fest, talking about health and wealth with Israeli vlogger Nuseir Yassin and the founder of The Whole Truth, Shashank Mehta," Nithin Kamath said in a post on X. The internet expressed happiness after Nithin Kamath got back in action and even asked him about his new health routine. "Good to see you back in the game!," one user said.

FPIs continue buying cyclicals like capital goods, auto stocks while selling defensives in April Kamath also reposted a message from Sensibull, an options trading platform owned by Zerodha, aimed at assisting traders in grasping the concept of spreads. Here is a brief overview of its post - One significant benefit of employing these strategies lies in the containment of losses. Irrespective of market volatility or unforeseen circumstances like circuit breakers or geopolitical unrest, losses are restricted to a predetermined level.

Nithin Kamath, the founder of Zerodha, recently in a social media post drew attention to the Bengaluru water crisis, warning that with the likelihood of more frequent extreme weather events in the future, such crises may recur. Kamath, who is one of India's youngest billionaires, also said that wastewater holds potential as a solution to this problem. Bengaluru's freshwater demand stands at approximately 2632 million litres per day (MLD), while it generates around 2000 MLD of wastewater, said Zerodha's founder. Presently, centralized sewage treatment plants handle about 1300 MLD of this wastewater, repurposing it for agricultural use. However, approximately 3500 residential and commercial complexes have decentralized sewage treatment plants (STPs), yet nearly 80% of the excess water from these STPs goes to waste. This excess STP water is of low quality and has limited usability beyond basic purposes like flushing and gardening, he said. Kamath proposed that if this excess STP water could be effectively converted into high-quality water, it could potentially satisfy around 450-500 MLD of the city's water demand through decentralized treatment methods.

ITR filing: As the financial year 2023-24 is about to end, earning individuals are busy finding out ways to save money meant for the income tax outgo. Some smart taxpayers would be busy planning their income tax for the next financial year as well. For a married taxpayer belonging to the Hindu community, Zerodha founder & CEO Nithin Kamath has suggested a hack while planning one's income tax return (ITR) for the next financial year. Zerodha's Nithin Kamath said that a married earning individual belonging to the Hindu community can use HUF (Hindu Undivided Family) tax benefits and save income tax as HUF is treated as a separate entity. He said that all deduction applies separately in HUF along with the individual deductions. Kamath shared this income tax return hack through a social media post using his 'X' account.

Nikhil Kamath, the co-founder of Zerodha, expressed his belief that Bengaluru possesses a significant amount of paper wealth, suggesting that the wealth in the city may be more superficial than tangible. He noted that individuals in Bengaluru often accumulate wealth through stock options and other paper assets, particularly those working in the tech industry. Bengaluru's primary wealth stems from tech companies He highlighted that the wealth in Bengaluru primarily stems from tech companies, leading to a facade of affluence without substantial expendable wealth. Kamath expressed, 'It's not real money. Bengaluru has the most paper wealth and very little expendable wealth. The paper rich from here made money in tech companies.' Reflecting on his early career, Kamath recounted his first job experience at a call center in Bengaluru where he earned ₹8,000 selling health insurance. He noted the contrast in feelings as his peers graduated and entered the workforce.

Zerodha's CEO Nithin Kamath revealed on Monday that he experienced a «mild stroke» six weeks ago. He attributed the stroke to a combination of factors including the recent passing of his father, poor sleep, exhaustion, dehydration, and excessive exercise. The revelation by 44-year-old Kamath, who is a fitness enthusiast, has reignited debate about work-life balance. Kamath noticed symptoms such as facial drooping and difficulty with reading and writing. He anticipates a full recovery within 3-6 months. After the mild stroke, Nithin Kamath said he wondered «why a person who's fit and takes care of himself could be affected». Zerodha cofounder said that his doctor «said you need to know when you need to shift the gears down a bit.» Noting that Nithin Kamath is one of the «fittest persons», Hyderabad-based neurologist Dr Sudhir Kumar said the Zerodha founder has rightly has rightly recognized five likely risk factors that could have caused his stroke: Stress (of losing his father), sleep deprivation, over-exercising (over-working out), exhaustion (related to work commitments and workouts) and dehydration.

Zerodha's founder Nithin Kamath announced on X, formerly Twitter, on Monday that he had a 'mild stroke out of the blue' about six weeks ago. «Dad passing away, poor sleep, exhaustion, dehydration, and overworking out — any of these could be possible reasons,» he said, attributing these factors to his medical condition.

Prayoga Institute of Education Research, has added five advanced labs to help students pursue research around the theme of sustainability. Online brokerage firm Zerodha has funded the new research block, named after eminent space scientist Prof UR Rao, which includes labs for life sciences, physical sciences, chemical sciences, earth sciences and sophisticated instrumentation for multidisciplinary scientific research.

Zerodha co-founder, Nithin Kamath, recently shed light on the absence of IIT and IIM alumni among the stockbroker's employees. Speaking with Shekhar Tomar, Assistant Professor of Economics and Public Policy at the Indian School of Business (ISB), Kamath clarified that it's not a policy decision to exclude individuals from these prestigious institutions, but rather a result of historical financial constraints and cultural issues Kamath emphasized that Zerodha did not have the financial capacity to hire IIT and IIM graduates in its early years due to budget limitations. He clarified that the absence of alumni from these institutions in the company is not a deliberate policy but a reflection of the financial realities during the initial phases. According to Kamath, the company couldn't afford the price tag associated with hiring individuals from these elite institutions. He went on to explain the misalignment of priorities between Zerodha and business school students. Kamath highlighted the typical career objectives set by MBA graduates, emphasizing that these individuals often have clear goals and expectations about their career progression. Zerodha's business culture, established in its formative years, did not align with the structured career goals of business school graduates.

MUMBAI : Clients of India’s largest stock broker Zerodha are one of the driving forces behind BSE’s growing success in the derivatives segment since May 2023, after the exchange’s two decades of attempts to gain market share went in vain, people aware of the matter said. Interestingly, a spurt in Sensex volumes coincided with Zerodha teaming up with two related entities to raise its total shareholding in the exchange. The market share of BSE in the derivatives segment, dominated by National Stock Exchange (NSE), rose from a mere 0.004% in the June quarter to 7.38% in the September quarter and further to 15.8% in the December quarter.

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Nithin Kamath, Founder and CEO of Zerodha is now a nominated non-official member of the government's reconstituted National Start-up Advisory Council (NASC). The Centre on December 18 announced 31 such new members.

Nithin Kamath, chief executive officer of one of India’s largest stockbrokers, Zerodha, last week posted a deepfake video of himself to highlight the potential impact of such technology in the financial services world. “As the deepfakes improve, I think it will only become harder over time to validate if the person on the other side (of a video) is real or AI-generated. This problem will be bigger for banks that have more stringent regulatory requirements during onboarding,” wrote Kamath on microblogging site X (previously Twitter).

India Inc's brightest, heftiest and edgiest. Last week, they were seated at a long table in their avatars as jury members.

₹2.59 lakh crore in the recently concluded mainboard IPOs. Apart from Tata Tech, four other mainboard IPOs were also listed this week, including Gandhar Oil Refineries Ltd., Fedbank Financial Services Ltd., Flair Writing Industries Ltd, and Indian Renewable Energy Development Agency (IREDA). Praising the smooth listing of all the issues this week in the stock market, Zerodha founder Nithin Kamath said that market regulations have improved phenomenally over the past two decades.

Wint Wealth Group has received approval from the Reserve Bank of India (RBI) to acquire a majority stake in Chandigarh-based non-banking finance corporation (NBFC) Ambium Finserve. The NBFC has already started wholesale lending operations under the brand name Wint Capital. The primary focus of Wint Capital will be lending to growth-stage NBFCs for onward lending in their business lines.