Zerodha founder Nithin Kamath has disclosed that the firm has foregone ₹25,620 crore in potential revenue by maintaining its zero-brokerage model on equity trades, framing the decision as a deliberate commitment to customer trust over margin extraction. The figure quantifies the cumulative cost of avoiding fees and revenue tactics that are standard practice across India's retail brokerage industry. The mechanism is straightforward: where competitors layer in transaction fees, account maintenance charges, and ancillary product cross-sells, Zerodha has structurally opted out, accepting lower revenue per user in exchange for retention and brand credibility. That trade-off is under new pressure. SEBI's recent changes to the equity derivatives fee structure have already compressed Zerodha's core revenue base, making the zero-brokerage pledge more expensive to maintain going forward. Kamath's public framing of the ₹25,620 crore figure reads as both a trust signal to retail clients and a preemptive narrative ahead of any potential model adjustments. Watch whether Zerodha sustains the policy through the next regulatory cycle or begins introducing selective charges.
Flipkart will launch a food delivery pilot in Bengaluru by mid-August, charging restaurants a 10-11% commission compared to the 25-35% levied by Swiggy and Zomato. The move targets growing restaurant discontent with incumbent platforms and aims to drive daily engagement across Flipkart's 500 million registered users.
Maruti Suzuki crossed two lakh domestic units in July 2026 for the first time, recording 42.4% year-on-year growth. Total sales including exports and OEM supplies reached 2,41,421 units, with all passenger vehicle segments posting gains.
Air India's net loss more than doubled to ₹22,238 crore in FY26, prompting Tata Sons chairman N Chandrasekaran to extend the Vihaan.AI turnaround timeline from five years to as long as a decade.
UpGrad's all-stock acquisition of Unacademy, valued at Rs 1,955 crore, is set to close within three weeks after CCI clearance and near-complete investor sign-offs. The deal combines upGrad's upskilling business with Unacademy's test prep and medical education platforms, with Gaurav Munjal staying on as CEO.
