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August 19, 2025

Trump revoked more than 6K student visas

The US State Department has revoked more than 6,000 student visas for overstaying or breaking the law, including a small number for alleged support of terrorism, a State Department official said Monday.The cancellations are part of the Trump administration’s stricter approach to student visas, which includes tighter social media checks and expanded screening, as reported by Fox Digital. Diplomats have been instructed to watch for applicants seen as hostile to the US or involved in political activism.Reasons for visa revocationsAbout 4,000 visas were cancelled due to criminal offenses, mainly assault, while some involved DUI or burglary. Between 200 and 300 visas were revoked under rules targeting individuals “engaging in terrorist activities” or having links to terrorist organization

August 19, 2025

Customer trust and referrals drive Zerodha, not incentives: Nithin Kamath

Zerodha founder and CEO Nithin Kamath reflected on the company’s unconventional growth journey, highlighting how customer referrals and word-of-mouth publicity, rather than advertising, have helped the discount broker acquire customers since its inception.“When we started Zerodha, we didn’t have the money to advertise, not that it would’ve worked,” Kamath wrote on X (formerly Twitter). “So the only way we could grow was through word of mouth and customer referrals. The only way that was possible was to offer products and services customers would talk about.”Zerodha introduced its customer referral programme when it launched in 2010. Over the years, incentives under the programme have gone through multiple changes due to evolving SEBI regulations. Kamath pointed to 2018–19 a

August 19, 2025

ETFs own 67 tonnes of gold as holdings rise by 42% YoY

India’s gold ETF holdings rose 42% year-on-year to 66.68 tonnes as of June 30, 2025, with AUM surging 88% to Rs 64,777 crore.The number of investor accounts expanded 41% to 76.54 lakh, reflecting growing preference for digital gold investments and this shift from traditional jewelry ownership to tech-enabled investment channels is being driven by Gen Z investors, fractional ownership models, and the influence of social media and fintech innovations, according to a release by Ventura.Global gold demand in Q2 2025 stood at 1,249 tonnes, up 3% year-on-year, with investment demand and ETF inflows offsetting weaker jewelry consumption. Central bank gold holdings worldwide rose to 36,345 tons, with India’s reserves at 880 tonnes.Also Read | Jio Financial Services & Reliance Industries am

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