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In June 2020, Zerodha became a "unicorn" with a self-assigned valuation of around $1 billion based on an ESOP buyback. [12] Zerodha had about 1.3 million customers in early 2020, which rose to nearly 10 million by the end of 2022. [13] In 2020, Zerodha applied for a licence to set up an AMC mutual fund in India [14] and launched its fund house ...
Nikhil Kamath (born 5 September 1986) [1] is an Indian entrepreneur and investor. [2] He is the co-founder of Zerodha, a retail stockbroker, and True Beacon, an asset management company. [3] [4] [5] Kamath is a part of the 2024 Forbes World Billionaires List with a net worth of $3.1 billion.
In 2015, eleven companies received In-principle approval from the Reserve Bank of India to set up Payments Bank under the guidelines for Licensing of Payments Bank. [6]On 11 April 2016, Airtel Payments Bank became the first company to receive the Payments Bank license from the Reserve Bank of India under Section 22 (1) of the Banking Regulation Act, 1949.
Besides de-leveraging the balance sheet, the ongoing restructuring should also help Reliance Capital conserve capital and generate better return ratios." [ 38 ] Reliance Capital in July 2014 announced the merger of its global film and media services business with Prime Focus to create an entity with a combined turnover of over Rs 1,800 crore.
The 2024 Union Budget of India [1] was presented by Finance Minister, Nirmala Sitharaman on 23 July 2024. This was the first budget of Narendra Modi led NDA government 's third term . [ 2 ]
CAMS was founded in early 1988 by V Shankar working in software development and computer education. During Y2K, CAMS pivoted to domestic financial services.. The Indian financial services industry experienced a renaissance in the period 1997/8-2006/7, with changes in regulation, products, and supporting infrastructure.
AMC+ was first launched in June 11, 2020 for Xfinity customers, and included content that was previously exclusive to subscribers of the AMC cable channel through its TV Everywhere AMC Premiere app. [2] On October 1, 2020, AMC+ launched on Amazon Prime Video Channels and Apple TV Channels, and became available to Dish Network and Sling TV customers.
[1] [unreliable source] [2] [3] Once the chargesheet has been submitted to a court of law, the court decides as to who among the accused has sufficient prima facie evidence against them to be put on trial. After the court pronounces its order on framing of charges, prosecution proceedings against the accused begin in the judicial system. [4]