Zerodha CEO Nithin Kamath revealed that the company is experiencing its first business slowdown in 15 years. A decline in active users across major stock broking platforms signifies a broader market correction. According to National Stock Exchange (NSE) data, eight of the top 10 broking firms saw a decline in active investors in February. Kamath noted a 30% drop in trading activity due to market conditions and regulatory changes.
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A heated debate occurred in the Lok Sabha over the Waqf (Amendment) Bill, with Congress criticising it as unconstitutional and BJP defending it as necessary to prevent misuse. The Bill focuses on stricter criteria for Waqf declarations and amendments meant to enhance regulation and prevent illegal occupancy and misuse of Waqf lands, which are significant in India.
CRPF officer Poonam Gupta is set to marry her fiancé, Avinash Kumar, at the Rashtrapati Bhavan on February 12, 2025. This historic event marks the first time a wedding will be hosted at the official residence of the President of India, Droupadi Murmu. Gupta was granted this honor due to her dedication and exemplary service.
Reflecting on significant global events of 2024: a devastating tsunami hit Japan, the EU approved an AI regulation, Narendra Modi secured a third term, Donald Trump returned to the White House despite assassination attempts, Syrian rebels ended Bashar al-Assad's rule, and the UK saw Labour topple Conservatives.
A heated exchange between Ishant Sharma and Ashutosh Sharma ignited the Gujarat Titans-Delhi Capitals IPL 2025 match. The verbal spat occurred after a contentious bouncer, leading to arguments involving Shubman Gill and the umpires. Despite the tension, Delhi Capitals posted a competitive 203/8, fueled by Ashutosh's explosive cameo of 37 runs.
N Biren Singh resigned as Manipur's chief minister following internal party rifts and pressure from the BJP brass in Delhi. His handling of the ethnic conflict and potential no-confidence motion from the opposition Congress played roles. Additionally, a leaked audio clip purportedly containing offensive remarks further undermined his position.
Lashkar-e-Taiba terrorist Abu Qatal's killing in Pakistan has dealt a significant blow to the group, potentially paving the way for targeting LeT mastermind Hafiz Saeed next. Defence experts stress the need for ongoing counterterrorism measures and suggest that high-level intelligence efforts are closing in on Saeed.
Rajya Sabha Chairman Jagdeep Dhankhar criticized parliamentarians for frequent disruptions during the winter session, which concluded with only 40% productivity. He urged members to engage in meaningful debates instead of destructive behavior, emphasizing the need to restore public trust in democratic institutions. The session saw the formation of a joint parliamentary committee on simultaneous elections amidst continued opposition protests.
Aam Aadmi Party released an AI-generated video of Arvind Kejriwal as Santa Claus giving welfare schemes. The schemes include monthly monetary support for women, free healthcare for the elderly, and free bus rides. Kejriwal also announced an insurance scheme for auto drivers. These initiatives are promised for the upcoming 2025 Delhi Legislative Assembly election.
Punjab officials allegedly created a fictitious village named New Gatti Rajo Ki and spent Rs 43 lakh on its development. RTI activist Gurdev Singh uncovered that grants and projects were fraudulently sanctioned for the non-existent village, while real grants and jobs were fewer. Investigations are underway, with officials promising strict action against those involved in the scam.
Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, opened in red on Friday. While BSE Sensex was down over 100 points, Nifty50 was near 23,150.