E Trade to enter India

E Trade has picked up a 34% stake in IL&FS for 65 Crores.

This will help one of the largest online broking companies to get into one of the fastest growing online service in India - Stock Broking.

Hopefully this will lead to more competition, better brokerage rates and most important of all - Better Service for all of us!


Active Member
This is very interesting. ILFS happens to be my Depiositary. These online broking companies- do they also give good guidance in trading? All the fancy brokers in India boast of good guidance in investing(fundaments) but no one in trading. I will try to track them on the net but a little more info will be welcome.
US online broker E*Trade Financial Corp. and a unit of Softbank Corp. have bought a combined 34 percent stake in Indian brokerage IL&FS Investsmart Ltd., a statement from the Indian firms said on Wednesday. Indian infrastructure lending group IL&FS and Japan's Orix Corp. own 78 percent and 22 percent of Investsmart, respectively, and each will sell a proportionate share to the two new investors.
E trade has picked up the entire set of people handling the SSKI online division with an aggressive pay package.lets see next...

Similar threads

Broker Special Offers

Intraday Higher Leverage

Save up to 90% in brokerage and get higher leverage for intraday trades.

Are you a day trader?