Karvy Stock Broking news | IIFL, Axis Securities to acquire demat, trading a/cs of Karvy Stock Broking timesnownews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from timesnownews.com Daily Mail and Mail on Sunday newspapers.
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MUMBAI: IIFL Securities has won the bid to acquire nearly 11 lakh demat accounts held by Karvy Stock Broking with assets under management of Rs 3.01 lakh crore in a formal bidding process organised by stock exchanges and depositories. Axis Securities has won the bid to acquire more than 11 lakh trading accounts held by Karvy Stock Broking, according to sources.
Shares of IIFL Securities rallied more than 15% to Rs 53.95 on Wednesday after the news of acquisition. After the acquisition of Karvy accounts, IIFL Securities the combined accounts will become 13.83 lakhs, the 3rd largest broker India after Zerodha, Upstox. IIFL Securities is likely to pay close to Rs 140 crores for the acquisition, as per sources.
Lórí-Iró leadership and herdsmen nationalism
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By Oludayo Tade
LORI-IRO (based on deliberate falsehood or lie) is a metaphoric expression that unpacks the relationship of falsehood between Nigerian politicians and the public. Popularised recently by an Ibadan-based street evangelist, Gbadamosi Ismail, Lórí-Iró is useful in dissecting the failures of social institutions in Nigeria. It reveals how relationships are consummated based on lies and culminate in heartbreaks, broken relationships, and fragile national unity.
Blessed with deceitful lips, an average Nigerian politician, whether holding an umbrella or broom, mesmerizes vulnerable electorates with messianic posture as harbinger of growth, development, peace, and prosperity.
HARARE – Investment analysts have blamed low participation of individuals, households and SMEs in investment markets to lack of investment knowledge in developing nations like Zimbabwe.
The Zimbabwe Investment 101 handbook indicates that lack of financial literacy in Zimbabwe has accounted for low savings and investment rates compared to world standards.
As a result, Zimbabwe has witnessed individuals and households channelling their hard-earned money to unsafe investment vehicles such as gambling and some ponzi scheme, the latest being the Beven Capital and KWD ponzi schemes that saw Zimbabweans losing US$2 million since 2018, according to the Zimbabwe Republic Police report presented in court in August last year.