E Trade to enter India

[TATrader]

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!

 

[sh50]

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.

 

[anjaynay]

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.

 

[Zeyphr]

E trade has picked up the entire set of people handling the SSKI online division with an aggressive pay package.lets see next...

 

[sharv]

Their services in US are superb, will create more

hasselfree trading to investors.

 

[milan1975]

when is E Trade entering India and how different and better is it from existing portals