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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Russian defence ministry confirms 5 airbases targeted in Ukrainian drone strike
Summary Russia's defense ministry acknowledged that Ukrainian drone strikes targeted five airbases, resulting in damage to aircraft, with Kyiv accused of launching the attacks from near airfields in Murmansk and Irkutsk. Ukraine claims to have destroyed approximately 40 Russian military planes. Analysts suggest these strikes may be an attempt to pressure Moscow ahead of peace talks in Istanbul, although there is skepticism regarding the potential for any meaningful breakthrough in negotiations. Full Article
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