Groww strengthened its brokerage lead in July, adding over seventy thousand active accounts. This growth contrasts with a general industry slowdown in user additions this year. Zerodha, the second-largest broker, continued to lose active accounts, shrinking its user base. Angel One and Upstox Securities also experienced declines in their active client numbers. HDFC Securities similarly shed active accounts during the month and year.
Yotta Data Services is preparing to file its draft prospectus for an initial public offering. The company aims to raise approximately six thousand to eight thousand crore rupees. These funds will support expanding data centre footprint and AI infrastructure deployment. Yotta recently secured one hundred fifty million dollars in a pre-IPO funding round. This move positions Yotta to meet growing demands for computing capacity in India.
In a recent statement, Sebi chairman Tuhin Kanta Pandey confirmed that the closing auction sessions showed no manipulation. He linked earlier discrepancies to cautious trading in the newly implemented system. Notably, mutual funds have significantly increased activity in these sessions. Additionally, Sebi is looking into strategies to bolster both participation and liquidity in commodity derivatives, while also striving to ease access for institutional investors within Indian markets.
US stock markets closed higher on Wednesday, driven by strong AI infrastructure company earnings. Mild inflation data reinforced expectations that the Federal Reserve will hold interest rates steady. CoreWeave and other AI firms reported upbeat quarterly results, boosting their stock prices. Data center operators and chipmakers also saw gains following positive company forecasts. Traders now anticipate a 62% chance of the Fed maintaining current interest rates next month.
Copper foil producer Londian Wason has officially launched on the NYSE, reaching a remarkable valuation of more than two billion dollars. The firm raised ninety-four million dollars through an expanded offering ahead of its stock market debut. This is particularly noteworthy, as it represents the biggest Chinese IPO in the U.S. in over a year.
Indel Money plans to raise up to Rs 500 crore through a public issue of non-convertible debentures. The issue will open on August 18 and close on August 31, with an option for early closure. Proceeds will fund onward lending, refinancing existing debt, and general corporate purposes.
Nebius shares jumped nearly 22% after the AI cloud provider beat revenue estimates, driven by surging infrastructure demand, larger contracts and higher prices. Core AI cloud revenue increased sixfold, while major customer deals and capacity commitments highlighted strong future growth.
IndiQube Spaces reported record Q1FY27 revenue of ₹428 crore, up 37% year-on-year. EBITDA rose 34%, while PAT surged 91% to ₹35 crore. Area under management and seat capacity expanded, alongside stronger occupancy and rapidly growing value-added services.
Shein’s upcoming IPO faces skepticism from investors due to a notable decline in growth rates. The fast-fashion giant is grappling with rising costs and evolving market dynamics that challenge its established business model. Concerns are mounting regarding whether Shein can replicate its previous growth trajectory that initially drew investor interest.
MCX and NISM have signed an MoU to establish the MCX-NISM Centre for Commodity Markets, focusing on professional training, research, investor awareness and academic engagement. The initiative aims to strengthen expertise in commodity derivatives, risk management, compliance and responsible participation.
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