Zerodha, India’s leading discount brokerage firm, is set to earn a whopping Rs 2,500 crore from the Securities Transaction Tax (STT) hike in Budget 2024, according to founder Nithin Kamath. The increase in STT rates will benefit Zerodha as more traders and investors are expected to use their platform for trading activities. This development highlights the company’s strong position in the market and its ability to capitalize on changes in regulatory policies.
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Prime Minister Narendra Modi marked the 50th anniversary of the Emergency, describing it as "the darkest chapter in India’s history," where constitutional values were disregarded, leading to widespread imprisonment and suppression of democracy. He emphasized the importance of remembering this period, urging citizens to share their experiences while reaffirming a commitment to uphold constitutional principles and strengthen democracy. Explain It To Me Like I'm 5: On the 50th anniversary of India's Emergency, Prime Minister Narendra...
Read moreSuicide has been one of the leading causes of death among young Indians (ages 15-29) for the past two decades, representing 17.1% of deaths in this age group from 2020-2022. While women had a higher suicide rate (18.2%) compared to men (16.3%), the overall risk remains alarming, as it is the most significant danger faced by youth, followed by road accidents. Explain It To Me Like I'm 5: Suicide has been one of the top...
Read moreKevin Durant is set to join the Houston Rockets, marking a definitive move away from the Phoenix Suns, with the trade expected to be finalized after the July moratorium. His reluctance to return to the Golden State Warriors stems from unresolved issues with coach Steve Kerr and a desire for a new challenge, alongside past tensions with teammate Draymond Green. Explain It To Me Like I'm 5: Kevin Durant is set to leave the Phoenix...
Read moreIndia's new Test era under Shubman Gill began with a five-wicket loss to England at Headingley, where England chased down a record 371 runs. Coach Gautam Gambhir confirmed that Jasprit Bumrah will only play three of the five Tests to manage his workload, despite India's strong performance with bat, including two centuries from Rishabh Pant. Need More Context? 🔎
Read moreAmazon CEO Andy Jassy warned corporate employees that AI will significantly reduce the workforce in the coming years due to efficiency gains, prompting backlash from staff who expressed concerns over job displacement and reliance on AI technology. While Jassy encouraged adaptation to these changes, employees questioned whether leadership would face similar cuts, noting an expansion in senior roles during his tenure. Need More Context? 🔎
Read moreA 39-year-old woman was found murdered in Jeedimetla, allegedly by her daughter and her boyfriend, Shiva, after she opposed their relationship sparked on Instagram. Following the daughter's elopement with Shiva and a police complaint filed by the mother, the victim's sister claims the pair killed her with a hammer, prompting an investigation by local authorities. Need More Context? 🔎
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