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Beware of job scam! Man loses ₹18 lakh in recent case; here are some safety tips

LivemintLivemint · 2y ago
Beware of job scam! Man loses ₹18 lakh in recent case; here are some safety tips
Medial

Online scams offering quick income through part-time work or tasks are enticing many, often via WhatsApp. A Mumbai resident lost around ₹18 lakh ($24,000) in such a scam after being promised easy money. The victim, initially enticed by fraudsters, transferred money to multiple accounts expecting returns but never received any. Navi Mumbai cyber police launched an investigation. To avoid such scams, people should exercise vigilance when dealing with suspicious emails or messages, avoid clicking on unfamiliar links, protect personal information, verify requests, and take swift action when suspicious of a scam. These precautions can help reduce the risk of falling victim to online fraud.

Groww expands lead over Zerodha with 12.59 Mn active users in October

EntrackrEntrackr · 1y ago
Groww expands lead over Zerodha with 12.59 Mn active users in October
Medial

Bengaluru-based stock broker Groww has surpassed the 1.25 crore (12.59 million) mark in active traders in October, driven by the addition of around 3.5 lakh users in a single month, according to data from the National Stock Exchange (NSE). Zerodha, Groww’s closest competitor, had approximately 80.6 lakh (8.06 million) active investors as of last month. Groww overtook Zerodha in October last year and has held the top position ever since. As per the NSE’s data, Groww has nearly doubled its user base over the past year, whereas Zerodha added just 15 lakh new users. Angel One, the third-largest stockbroker, has 75 lakh (7.53 million) active users and may surpass Zerodha in the coming months. Upstox ranked fourth, had 28.52 lakh (2.85 million) users as of last month. ICICI Direct is the fifth largest player in this space with 19.3 lakh active users (1.93 million). Dhan, launched by former Paytm Money executive Pravin Jadhav, had 8.49 lakh (0.84 million) users as of October. Dhan entered the top 10 list of stockbroking apps in India in August this year, replacing Paytm Money. INDmoney and PhonePe's Share.Market are the new entrants in the top 20 list with 6.7 lakh (0.67 million) and 2.69 lakh (0.26 million) respectively. In terms of scale, Zerodha had the highest revenue in FY24 at Rs 8,370 crore, followed by Angel One, which reported Rs 4,272 crore in revenue for the last fiscal year. Nithin Kamath’s Zerodha reported a profit of Rs 2,907 crore, while Angel One’s profits exceeded Rs 1,125 crore in FY24. Groww’s revenue from operations surged to Rs 3,145 crore in FY24. The Lalit Keshre-led company recorded a net loss of Rs 805 crore in FY24, primarily due to a one-time tax payment of Rs 1,340 crore for relocating its domicile to India. Despite this, the firm remained operationally profitable. Upstox, which posted over Rs 1,000 crore in revenue in FY23, has yet to file its annual report for FY24.

Zerodha invests $5 Mn in Tijori

EntrackrEntrackr · 4m ago
Zerodha invests $5 Mn in Tijori
Medial

Zerodha invests $5 Mn in Tijori Zerodha has invested $5 million in stock analytics startup Tijori Finance as the brokerage looks to expand its presence in the enterprise segment. Zerodha has pumped $5 million into stock analytics platform Tijori Finance as the Bengaluru-based startup gears up to sharpen its enterprise play and widen its footprint among institutional investors. The deal also deepens Zerodha’s existing partnership with Tijori, which already powers stock analysis for the brokerage’s flagship trading app Kite. According to Tijori founder Siddharth Hegde, the fresh capital will be channeled toward building new tools, scaling server infrastructure and expanding its team. “We have 15,000 paid subscribers at the moment, and this partnership with Zerodha will help strengthen the number in the coming months,” Hegde told Entrackr. While Tijori has largely been a retail-facing platform since its launch in 2016, offering stock research to individual investors for about Rs 500 per month, the company is now accelerating efforts to tap enterprises such as mutual funds, insurers, and asset managers. Subscription pricing for enterprise clients goes up to Rs 5,000. Hegde said that nearly 70% of Tijori’s upcoming product roadmap is now aimed squarely at institutional users, with the remaining 30% reserved for retail investors. A major part of this push is its upcoming AI-driven tool Call Monitor, designed specifically for enterprise customers. The feature automatically generates summaries of quarterly earnings calls within minutes, compressing what is typically a 24–48 hour delay, and flags inconsistencies or contradictions in management commentary and regulatory filings, giving investors an early edge. For retail users, Tijori’s AI-powered Alerts tool delivers real-time updates on WhatsApp, offering instant notifications on corporate filings, results, and other market-moving developments. The company is also deepening its data stack as it eyes a larger enterprise footprint. Tijori said it is aggregating regulatory filings, investor presentations, supply chain data, raw material trends and historic financials to build a more comprehensive intelligence layer for both retail and institutional customers. With Zerodha’s strategic backing and a sharpened enterprise focus, Tijori is positioning itself as a key data intelligence player in India’s fast-evolving public markets ecosystem.

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