Nextbillion Technology (Groww), the venture capital-backed broking outfit, has dislodged Zerodha Broking as India’s largest brokerage in terms of number of active clients. At the end of September, Groww had 6.63 million active clients, nearly 150,000, or 2.3 per cent more than Zerodha, ending the latter’s long run at the top.

AngelOne and RKSV Securities (Upstox) were ranked third and fourth with 4.86 million and 2.19 million active clients, according to data provided by NSE, the country’s top bourse.

KredX, a supply chain finance platform, said on Thursday it will work with banks and financial institutions to create a corpus of Rs 4,000 crore by the end of Financial Year 2023-24.

The company said its initiative will provide working capital to businesses during the festive season.
KredX recently entered strategic partnerships with Mastercard and ICICI Bank for business to business payments.

CtrlS Datacenters, which provides data centre services, said on Thursday it would invest $2 billion over the next six years as it focuses on new technologies.

The Hyderabad-based company said the investment will add 350 megawatt (MW) of artificial intelligence (AI) and cloud-ready hyperscale data centres (DCs) in India and some markets in Southeast Asia. The company has 12 DCs of 234 MW capacity in Mumbai, Hyderabad, Chennai, Bangalore, Noida, Lucknow and Patna.

Attacking Telangana Chief Minister K Chandrashekhar Rao (KCR), Bharatiya Janata Party (BJP) national secretary Bandi Sanjay Kumar said that people of the state are disappointed by the last two Bharat Rashtra Samithi (BRS) manifestos from the past two elections and unfulfilled promises of the BRS government, a Deccan Chronicle (DC) report said. He added that this time, the state's people have understood and their manifestos do not matter to the people.

Indian conglomerate GMR has lined up a Rs 4,000-crore loan for the construction of a greenfield international airport at Vizag, according to a report by The Economic Times (ET). An India Infrastructure Finance Company (IIFCL)-led consortium is funding the initiative for the construction group.

The airport in Vizag would become GMR's fourth major airport in the country after those at Delhi, Hyderabad, and Goa.

India's biggest telecom companies, Reliance Jio and Bharti Airtel are fighting tooth and nail as both companies aim for a higher average revenue per user (Arpu) through their bundled services, according to The Economic Times (ET). Arpu acts as a significant indicator of earnings. With the telecom sector in the country focusing on 5G monetisation, the fixed wireless access (FWA) service and content proposition is the latest bone of contention for the two companies, the newspaper cited experts as saying.

Vedanta Ltd on Wednesday announced that it has incorporated its wholly-owned base metal subsidiary Vedanta Base Metals Ltd. The incorporation has been done to implement the demerger scheme of the company, notified last month.

Vedanta Base Metals Ltd has been incorporated to carry out the metal business.

The Andhra Pradesh Non-Resident Telugu Society (APNRTS), a government entity, said it was in touch with four woman migrants from the state, who are currently stranded in war-torn Israel.

APNRTS chief executive P. Hemalatha Rani said they are currently in a safe place in Kiryat Onu in the country, which is waging a war against Palestinian armed group Hamas.

The Ahmedabad crime branch has arrested a man for allegedly sending an email threatening attack on the Narendra Modi Stadium in the city, officials said on Wednesday.

The accused, who has no criminal background, was arrested from Rajkot in Gujarat, they said.

The massive stadium is one of the venues of the ongoing cricket World Cup and the India-Pakistan cricket match will be played here on October 14.

The Life Insurance Corporation of India (LIC) has received a Goods and Services Tax (GST) demand order accruing to nearly Rs 37,000 for paying taxes at 12 per cent instead of 18 per cent for some invoices during the assessment year 2019-2020.

The state taxes officer in Srinagar has charged the company with a GST of Rs 10,462, penalty amounting to Rs 20,000 and interest of Rs 6,382, aggregating to Rs 36844.

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