Footwear market
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Narayana Murthy's Latest Video Claims Earning Rs 2.5L in a Day Through Deepfake Technology
In response, Zerodha Co-founder and CEO Nithin Kamath shared a convincing deepfake video of himself, emphasizing the rising threat of Artificial Intelligence. Kamath's video touches on challenges in verifying customer identities amid increasing digitization.
CRED eyes mutual fund startup Kuvera amid Groww-Zerodha market dominance: Report
The acquisition talks are currently on and “a deal could be finalised within weeks,” reports TechCrunch, citing a source.
Groww surpasses Zerodha in active investor count
Figures compiled by NSE show that Groww has 6.63 million active investors compared to Zerodha’s 6.48 million at the end of September this year.
Zerodha’s valuation at Rs 30,000cr more reasonable: Nithin Kamath
“Stockbroking and capital market businesses are cyclical and high-risk. Almost every bull run in the markets creates the illusion that somehow participation and activity will keep going up forever." Kamath said that given the uncertainties in the markets, sustaining high revenue growth is not a given.
Zerodha reports revenue of Rs 6,875 cr, profit at Rs 2,907 cr for FY23
In FY22, the company had reported a revenue of Rs 4,964 crore and a profit of Rs 2,094 crore.
Mandatory footwear norms to be applicable from July 1
The move is aimed at preventing low-quality imported footwear from China, Director General of Bureau of Indian Standards (BIS), Pramod Tiwari, told mediapersons. However, small-scale footwear manufacturers have been given a relaxation in the deadline, and they will have to comply with the norms from January 1, 2024 onwards.
India's FY23 footwear industry growth expected between 8-to-10%
India's footwear industry is expected to reach the pre-pandemic levels with a revenue growth of 8-to-10 per cent year-on-year in FY23. However, domestic footwear players are likely to witness a muted performance in FY22 compared to pre-pandemic levels with reversion to pre-Covid levels expected by Q2FY23.
Khadi Village Industries Corporation launches khadi footwear
Speaking at the launch, MSME Minister Nitin Gadkari said, "Global footwear industry is valued at Rs 1.45 lakh crore. KVIC will generate immense demand for khadi footwear with its range of products."
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