Nithin Kamath, co-founder and CEO of India’s leading stock broker Zerodha, urges Indians to consider other investment options besides savings accounts and fixed deposits. He believes that the over Rs. 60 lakh crore held in savings bank accounts is earning sub-par returns. Even startups keep idle funds in their current bank accounts that generate no interest income instead of finding alternatives with better returns, he added. Kamath also suggests investing in T-bills, which currently generate more than bank fixed deposits and are known as the safest instrument in India.
Cochin Shipyard shares tumble 8% as Q2 profit falls 50% YoY despite revenue growth
Cochin Shipyard shares fell sharply on Wednesday after the company reported a nearly 50% year-on-year decline in Q2 FY27 net profit to Rs 54 crore.