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'There is no quick way to make money': Zerodha's Nithin Kamath issues warning that could save investors millions
Zerodha co-founder Nithin Kamath highlights the persistence of pyramid schemes in India, with many investors misled by promises of easy profits. He cautions that this mindset can lead to significant financial losses, urging individuals to be wary of recruitment-based opportunities.
Nithin Kamath recalls falling for a pyramid scheme, warns retail investors against 'easy money' promises
Zerodha co-founder Nithin Kamath shared his past entanglement with a pyramid scheme in his late teens, emphasizing that wealth building requires no shortcuts. He warned against schemes promising unusually high returns, noting that many continue to operate in India despite growing financial awareness. Kamath cautioned that making money in the stock market isn't easy and urged people to avoid referral-based money-making schemes, calling them almost invariably fraudulent.
'Lived In Mumbai's 100 Sq Ft Chawl': The Humble Origins Of New WhatsApp Boss Kunal Shah
The financial difficulties pushed him to start earning at a young age.
Tata Motors edges higher after announcing plans to drive next phase of growth
Tata Motors added 2.67% to Rs 411 after the company shared a positive outlook for the financial year 2028, at its investor day that was held yesterday (23 June 2026).
Adani Group AGM 2026: Top 10 highlights from Gautam Adani's address
Gautam Adani used the group's AGM to lay out an expansive vision spanning AI, nuclear energy, data centres, airports, power and defence, while highlighting record investments, strong financial performance and long-term infrastructure ambitions.
Tata Motors shares jump 5% on strong growth guidance. What are Nomura, other brokerages saying?
Tata Motors shares rose after outlining strong growth targets, including margin expansion and cash flow improvement. Brokerages remain divided, with JM Financial bullish, while Nomura and Motilal Oswal stay cautious on near-term demand and margins. Long-term outlook remains supported by infrastructure growth, CV demand recovery and digital and EV initiatives.
JM Financial retains Buy on Tata Motors, sees 14% upside; stock up 4%
While management has guided for high single-digit industry growth in FY27, JM Financial continues to factor in volume growth of 5.5 per cent and 7.9 per cent for FY27E and FY28E, respectively
Bajaj Capital appoints Jai Bajaj as MD & CEO
Bajaj Capital has appointed Jai Bajaj as its new Managing Director and CEO, marking a pivotal moment for the 60-year-old firm. The company is embracing a technology-driven approach to financial advisory, aiming to become a lifelong partner for customers. Future plans include digital initiatives for financial readiness, retirement planning, and enhanced customer experiences, reinforcing its commitment to building strong, lasting relationships.
Tata Motors CV aims to be fourth largest global player after Iveco deal; Check FY28 targets
By financial year 2028, Tata Motors CV is aiming for free cash flow to be between 7% to 9% of revenue, while its Return on Capital Employed could jump to 30% to 35% after the Iveco deal.
DoT retains backhaul spectrum pricing, rejects Trai's cut proposal
Telecom operators face continued high costs for backhaul spectrum as the Department of Telecommunications rejects regulator Trai's proposal for reduced, uniform charges. Despite Trai's argument for lower fees to boost network economics and service quality, the DoT has reinstated the existing, progressively higher fee structure. This decision will maintain a significant financial burden on companies expanding 4G and 5G networks amidst surging data demand.
Kirloskar Oil Engines shares hit 20% upper circuit. JM Financial sees more upside
Kirloskar Oil Engines shares surged 20% after winning a substantial order from HyperNext for 96 units of its 2,500 kVA power systems, enhancing its position in the data centre market dominated by Cummins. JM Financial and Motilal Oswal raised target prices, citing strong growth potential.
Oswal Pumps CFO Subodh Kumar resigns
Oswal Pumps announced that its chief financial officer, Subodh Kumar, has resigned from the company to pursue opportunities outside the organization.