Amazon's Project Kuiper is going to send its first satellites to space on 9 April! After SpaceX and Airtel-backed OneWeb, Amazon has now come one step closer to delivering satellite-based internet. Do you think satellite internet will be beneficial compared to current alternatives? Share your thoughts!
Groww
Financial Services
Bengaluru, Karnataka 645,955 followers
Making finance simple for millions of Indians
About us
We are a strong and enthusiastic team focused on making financial services accessible to every Indian through a multi-product platform. Each day, we help millions of customers take charge of their financial journey. Customer obsession is in our DNA. Every product, every design, every algorithm down to the tiniest detail is executed keeping the customers’ needs and convenience in mind. Our people are our greatest strength. Everyone at Groww is driven by ownership, customer-centricity, integrity and the passion to constantly challenge the status quo. Are you as passionate about defying conventions and creating something extraordinary as we are? Let’s chat. Our Vision Every individual deserves the knowledge, tools, and confidence to make informed financial decisions. At Groww, we are making sure every Indian feels empowered to do so through a cutting-edge multi-product platform offering a variety of financial services. Our long-term vision is to become the trusted financial partner for millions of Indians. Our Values Our culture enables us to be what we are — India’s fastest-growing financial services company. Everyone at Groww enjoys the autonomy and flexibility to bring their best work to the table, as well as craft a promising career for themselves. The values that form our foundation are: Customer centricity Ownership-driven culture Keeping everything simple Long-term thinking Complete transparency Groww is India’s No.1 Stock Broker based on active clients user data as per NSE as on 30 June 2024, and is the largest distributor of Mutual Funds SIPs.
- Website
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https://groww.in
External link for Groww
- Industry
- Financial Services
- Company size
- 501-1,000 employees
- Headquarters
- Bengaluru, Karnataka
- Type
- Privately Held
- Founded
- 2016
Locations
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Primary
Get directions
Vaishnavi Tech Park,
Sarjapur - Marathahalli Rd, Bellandur
Bengaluru, Karnataka 560103, IN
Employees at Groww
Updates
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“Financially doped club”. That was the accusation leveled against the club Chelsea. These words came from Arsene Wenger, the manager of Arsenal – Chelsea’s rival club. “Unlimited financial resources”. For the longest time ever, Chelsea was considered a very average football club. They had not won a single trophy since 1955. But in 2003, Chelsea was suddenly in the news. Read more 👇
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Donald Trump’s return to office has reignited trade tensions, with tariffs on Indian exports expected to take effect on April 2. The U.S. is India's largest trading partner, and key sectors like pharmaceuticals, chemicals, gems and jewellery, textiles, and electronics might be impacted. For example, Indian pharmaceutical exports to the U.S., valued at $8.73 billion in FY24, face fears of a potential 25% tariff, which could potentially affect major companies like Sun Pharma and Dr Reddy’s. While these tariffs may challenge Indian exporters, some sectors could still benefit. Higher U.S. tariffs on Chinese imports might make Indian textiles and chemicals more competitive. Additionally, India’s expanding electronics manufacturing could attract U.S. buyers looking for alternatives to China. That said, Trump’s tariff policies could also fuel inflation in the U.S., increasing costs for American consumers, with estimates suggesting an extra $2,600 per household annually. While the Indian government is negotiating with the U.S. to ease trade barriers, the true impact of these tariffs will unfold in the coming months. Will they hurt or help India's economy? What do you think?
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US President Donald Trump has imposed a 25% tax on countries buying oil from Venezuela. The US imports a negligible amount of oil from Venezuela. But other nations like China and Spain will end up paying extra. India had started buying Venezuelan oil in FY24. Because of earlier sanctions by the US, Venezuelan oil is available for a heavy discount compared to other countries. Now, this secondary tariff is a penalty for trading with governments the US disapproves of. The trigger? After the US relaxed sanctions on Venezuela back in 2023, many countries restarted oil imports. India joined in too, though Venezuelan oil makes up just ~1% of India’s total imports. So what’s this really about? Some say it’s about gangs after Trump claimed Venezuela is intentionally letting criminals cross into the US. Others see it as foreign policy pressure, meant to isolate Venezuela. Meanwhile, Chevron, the US oil giant, continues to import from and operate in Venezuela. This is under a special waiver valid until May 27. Pressure, politics, or something else entirely, what do you think about the tariffs?
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It's probably an understatement that artificial intelligence consumes high amounts of electricity. AI models are estimated to consume over 5100x electricity in a day compared to the monthly electricity usage of an Indian household. Not just electricity, AI models consume water too! Water is used to cool down the data centres that power AI. What are your views on the immense power usage of AI? Share in the comments.
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HDFC Bank has faced challenges since its merger with HDFC Ltd in 2023, including high borrowing costs, slowing loan growth, and margin pressure, leading to a nearly 10% stock decline from its 52-week high. However, signs of a comeback are emerging. The bank strategically slowed loan growth to improve its Loan-to-Deposit Ratio (LDR), bringing it down from 110.5% to 98.2% in Q3FY25. It has also been aggressively expanding its branch network, adding over 1,000 new branches in the past year, which helped deposits grow 15.9% YoY in Q3FY25, outpacing the industry. Despite sluggish CASA deposit growth, HDFC Bank has maintained a stable cost of funds at 4.9% and a net interest margin (NIM) of about 3.4%. Additionally, asset quality remains strong, with only a slight rise in NPAs to 1.36%. With merger synergies kicking in and a well-planned strategy to boost growth, HDFC Bank appears to be on the path to recovery. Could this be the start of a major rebound?