India’s leading broker Zerodha said it has stopped sharing brokerage revenue for referrals following an NSE circular preventing such a move. A recent NSE circular has disallowed sharing brokerage income for referrals to prevent trade inducement. “To comply, we have stopped sharing brokerage revenue for referrals effective August 25, 2024. We will continue awarding 300 … Read more
As the markets surged to new highs, India’s second-largest broking platform, Zerodha, experienced a technical glitch this morning. Its website, kite.zerodha.com, became inaccessible. The Zerodha website displayed the error message ‘503 Service Unavailable. No server is available to handle the request.’ Traders on X (formerly Twitter) reported that the trading platform was not functioning even … Read more
Facing social media backlash over a series of technical glitches in the last few months, Zerodha Co-founder and CEO Nithin Kamath said it is impossible for such tech companies to have zero glitches. “We deeply regret the incidents that happened this year and needless to say, we strive and work round-the-clock to minimize the probability … Read more
