Brokerage Firm News

The growth was even stronger when excluding banking, financial services, and insurance (BFSI) companies -- EBITDA and earnings grew by 7 per cent and 6 per cent YoY in that group. 

The order also mentioned discrepancies in the brokerage's reporting of politically exposed persons and margin trading exposure. 

Groww became the first stock broker in the country to cross 1 crore active investors earlier this calendar year. As of October, Groww's active stock investor base stood at 1.2 crore.  

The account is used to buy and sell stocks, bonds, mutual funds, exchange-traded funds, index funds, options, futures, foreign currencies, real estate investment trusts , among other instruments.

According to Barclays latest report, Indian earnings have now remained stuck in single-digit growth territory for the past three years.

French banking giant BNP Paribas on Thursday acquired homegrown brokerage firm Sharekhan in an estimated Rs 2,000 crore deal, as it seeks to expand retail broking operations here.

Edelweiss Alternative Asset Advisors has announced the first closing of Singapore-based EW Special Opportunities Fund II (ESOF-II) at USD 205 million, a statement said.

Global brokerage firm UBS has cut its Nifty target for December this year to 9,200 from 9,600 amid slower-than-expected recovery in growth.

The fiscal deficit target of 4.1 percent of GDP for 2014-15 is likely to be met though the fiscal trends are "weak", it said.

Experts have for long been arguing about a possible re-allocation of resources for capital spending rather than current spending, to boost the growth.