Business
Zerodha doubles fee for some intraday F&O trades to Rs 40
The firm said in a client communication that the higher charge will apply to traders who do not meet the Securities and Exchange Board of India‘s rule of maintaining at least 50% of collateral in cash or its equivalents on an intraday basis. Currently, Zerodha bridges this gap using its own funds without charging clients.
From April 1, intra-day futures and options trades funded by the broker will attract double the usual brokerage of ₹20 per order. The higher fees will not apply to intraday trades in stock trading.
Zerodha did not respond to requests for comment.
AgenciesSebi rules require at least 50% of margin collateral, whether for intraday or overnight positions, to be held in cash or cash equivalents, with the remainder allowed in non-cash assets. Cash equivalents include cash, bank guarantees, fixed deposit receipts and approved securities, among others, as per NSE Clearing.
The pricing increase by Zerodha, which popularised the zero-brokerage model in India, comes as derivative volumes are under pressure from the proposed Securities Transaction Tax (STT) hike from April 1. In the 2026 Union Budget, the government proposed raising STT on futures to 0.05% from 0.02%, and on options premiums to 0.15% from 0.10%.
This move could pave the way for other firms to raise brokerage fees. “One of the industry’s largest brokerage platforms has initiated this move, which could bring more discipline to pricing and may create a ripple effect across the wider industry,” said Pranay Aggarwal, director and chief executive of Stoxkart.
While many brokers do not charge for intraday shortfalls in cash collateral, interest of 9% to 18% per annum is typically levied on overnight or carry-forward positions. With revenues getting squeezed, brokerages are looking to soften the blow through other avenues.
“The amount of collateral that people have kept with us, on which they take margin to trade, has gone up like bonkers,” Zerodha’s chief executive officer Nithin Kamath, wrote on the firm’s website. “We are at a point where we might have to borrow funds in the near future to provide collateral for you all. Borrowed funds come at a cost.”
Kamath said the firm could have charged a percentage fee for accounts going into debit, as some brokers do.
“But we realised the impact due to that would be a lot more than charging a higher brokerage for trades executed only when your account is in debit, or when you don’t have at least 50% in cash while trading on collateral,” he said.
Business
(PHOTO) Olivia Rodrigo Stuns in FC Barcelona Kit as Spotify Collaboration Sparks Viral Frenzy
BARCELONA, Spain — Global pop superstar Olivia Rodrigo has ignited social media after being unveiled as the latest face of a major Spotify and FC Barcelona collaboration, posing in the club’s iconic kit and instantly winning over millions of fans with her genuine enthusiasm for the Catalan club. The Instagram post shared by FC Barcelona’s official account on April 30 quickly became one of the most engaged football-related posts of the year, blending music, sports and pop culture in a moment that perfectly captures the power of modern celebrity crossovers.
The image shows Rodrigo wearing the classic blue and red Barça jersey with visible delight, accompanied by the caption “The kit. The colors. The dream ✨” and the Catalan phrase “Una culer més” (One more culer), referring to a new member of the club’s passionate fanbase. Spotify, a longtime partner of the club, co-promoted the post, highlighting the intersection of music and football in today’s entertainment landscape.
The post exploded across platforms, amassing millions of likes, comments and shares within hours. Fans from both the music and football worlds flooded the comments with heart emojis, excitement and playful memes. Many noted Rodrigo’s authentic smile and how naturally she wore the kit, while others celebrated the collaboration as a smart move to attract younger, global audiences to the club.
Rodrigo, known for her deeply personal and emotionally raw music, has built a massive international following since bursting onto the scene with her debut album “Sour” in 2021. Her willingness to embrace football culture resonates with fans who see her as relatable and down-to-earth despite her superstar status. The collaboration with Spotify and Barça appears to be part of a broader strategy to connect the streaming giant’s artists with major sports properties, creating unique cultural moments that drive engagement across both industries.
FC Barcelona has increasingly leaned into entertainment partnerships in recent years as it seeks to expand its global brand beyond traditional football audiences. Previous collaborations with artists, fashion brands and tech companies have helped the club maintain its cultural relevance even during periods of on-pitch transition. Bringing in a young, influential artist like Olivia Rodrigo signals the club’s desire to appeal to Gen Z and millennial fans who consume content across multiple platforms.
The timing of the announcement also adds significance. With the 2025-26 La Liga season well underway and European competitions heating up, the club is looking to boost fan engagement and commercial revenue. Spotify’s involvement provides a powerful distribution channel, potentially exposing the club to millions of music fans who may not traditionally follow football.
Social media reactions have been overwhelmingly positive. Comments range from “This is the crossover we didn’t know we needed” to “Olivia looking absolutely stunning in Blaugrana.” Many fans expressed surprise and delight at seeing the singer embrace the club’s colors so enthusiastically. The post has also sparked light-hearted debates about which musicians would make the best football ambassadors, with some suggesting other artists for future collaborations.
For Olivia Rodrigo herself, the moment fits her pattern of authentic self-expression and cultural exploration. The singer has never been afraid to show her personal interests publicly, and her visible joy in the Barça kit suggests a genuine connection rather than a purely commercial arrangement. Her fans, known as “Sour Army,” have rallied behind the post, creating fan edits, memes and artwork that blend her music with football imagery.
The collaboration also highlights the growing intersection between music and sports. Artists increasingly see value in aligning with major clubs for global exposure, while clubs benefit from the cultural cachet and younger demographics artists bring. Spotify, which already has a strong partnership with FC Barcelona, continues to expand its influence in sports marketing, using its platform to create unique content experiences for fans.
Industry experts view this as part of a larger trend where entertainment properties blur traditional boundaries. As streaming services and social media redefine how audiences consume content, collaborations like this one become powerful tools for engagement and brand building. For FC Barcelona, it reinforces the club’s status as a global cultural icon beyond the pitch. For Olivia Rodrigo, it adds another dimension to her already multifaceted public persona.
As the post continues to circulate and generate conversation, it serves as a reminder of the unifying power of sport and music. In an increasingly divided world, moments like Olivia Rodrigo proudly wearing the Barça kit create shared joy and connection across different fan communities. Whether this leads to further collaborations or remains a one-off cultural moment, it has already succeeded in capturing attention and sparking genuine excitement.
For fans of both the singer and the club, the image represents more than just a promotional post — it symbolizes the beautiful overlap of passions that make modern entertainment culture so vibrant. As summer approaches and football seasons reach their climax, expect more creative crossovers that bring artists and athletes together in unexpected and delightful ways.
The viral success of this single Instagram post demonstrates the enduring appeal of authentic moments in an age of carefully curated content. Olivia Rodrigo’s genuine smile in the famous red and blue kit has reminded millions why both music and football continue to hold such powerful places in people’s hearts.
Business
(VIDEO) Teen Arrested After Alleged Assault on Convicted Sex Offender Amos Yee at Suntec Anime Event
SINGAPORE — A teenager was arrested for causing public nuisance after allegedly assaulting 27-year-old convicted child sex offender Amos Yee outside the Doujin Market anime convention at Suntec Singapore Convention and Exhibition Centre on Saturday, police said. Videos circulating on social media showed the incident, which occurred around 2.15pm on May 9, with the 18-year-old cosplayer seen repeatedly striking Yee as he crouched on the floor.

Officers from the Singapore Police Force responded quickly to a call for assistance and established that a 27-year-old man had sustained minor injuries after being assaulted by the teenager. The 18-year-old was arrested at the scene. Police investigations are ongoing, and no further details about the motive or any prior interaction between the two have been released.
Yee, who gained notoriety as a controversial YouTuber and blogger before his conviction, had reportedly been banned from the Doujin Market event due to safety concerns raised by attendees regarding his presence near minors. Organizers of the anime convention confirmed they had cancelled his tickets and prohibited him from entering. Despite this, Yee appeared at the venue, leading to the confrontation outside the convention hall.
Videos of the incident spread rapidly online, showing the cosplayer — dressed as a character from the popular anime “Jujutsu Kaisen” — raining punches, kicks and elbows on Yee while he was on the ground. Yee did not appear to fight back and was heard saying “What are you doing?” as the assault continued. Onlookers largely watched without intervening, though some shouted for the attacker to stop. Yee sustained a bloodied lip and other minor injuries but reportedly declined immediate medical treatment, stating he could not afford it.
Background on Amos Yee
Amos Yee Pang Sang first rose to prominence in Singapore as a teenager known for provocative online videos criticizing religion and government figures. He was convicted multiple times for offenses including wounding religious feelings and failing to report for national service. In 2015, he was sentenced to jail for posting content deemed offensive. Yee later fled to the United States, where he was granted asylum but faced further legal troubles, including convictions for child sex offenses. He was deported back to Singapore in March 2026 and arrested upon arrival for enlistment-related offenses. He was released on $10,000 bail shortly after.
His presence at the anime convention, despite being banned, sparked immediate backlash from attendees concerned about child safety. The Doujin Market is a popular event for anime and manga enthusiasts, attracting families and young fans, which made Yee’s attendance particularly controversial.
Police Action and Legal Proceedings
The arrested teenager faces charges for causing public nuisance. Under Singapore law, this offense can carry fines or short jail terms depending on the circumstances. Police have not released the suspect’s identity, consistent with standard practice for juveniles or young offenders in minor cases. Investigations are continuing to determine if any other offenses, such as voluntarily causing hurt, apply.
Yee has not made any public statement following the incident beyond a brief social media post showing his injuries. His legal team has not commented on whether they plan to pursue any action against the attacker.
Public Reaction and Online Debate
The incident has sparked intense discussion online, with opinions sharply divided. Many users condemned the violence, arguing that even controversial figures deserve protection from physical assault. Others expressed little sympathy for Yee due to his past convictions, with some suggesting the attack was a form of vigilante justice. Several comments highlighted the failure of bystanders to intervene promptly.
Anime convention organizers issued a statement emphasizing their commitment to creating a safe space for all attendees, particularly minors. They reiterated that Yee had been banned and said they are cooperating fully with police. The broader Singaporean online community has been debating issues of free speech, accountability and the limits of public confrontation.
Broader Context of the Case
Amos Yee’s return to Singapore in March 2026 after deportation from the United States renewed public interest in his story. His history of provocative content, legal troubles and convictions for sexual offenses have made him a polarizing figure. The latest incident at Suntec City adds another layer to his controversial public life and raises questions about how society handles individuals with such backgrounds in public spaces.
The assault also highlights ongoing concerns about safety at public events, particularly those attracting young audiences. Convention organizers across Singapore may review their security protocols and banning procedures in light of this event.
As police investigations continue, authorities have appealed for witnesses to come forward with any additional footage or information. The case remains active, and further updates are expected as forensic and witness statements are reviewed.
For now, the incident serves as a stark reminder of the deep divisions and strong emotions surrounding high-profile controversial figures in Singapore. Whether the teenager’s actions were spontaneous or stemmed from prior grievances may become clearer as the investigation unfolds. In the meantime, the public continues to debate the boundaries of acceptable response to individuals like Amos Yee in shared community spaces.
The Singapore Police Force has reminded the public that vigilante actions are unacceptable and that all disputes should be handled through legal channels. As the investigation proceeds, both the victim and the suspect will be subject to due process under the law.
Business
Flowserve Q1 2026 slides: margins expand despite Middle East headwinds

Flowserve Q1 2026 slides: margins expand despite Middle East headwinds
Business
European states to send planes to evacuate citizens from hantavirus-hit cruise ship

European states to send planes to evacuate citizens from hantavirus-hit cruise ship
Business
nLIGHT, Inc. (LASR) Q1 2026 Earnings Call Transcript
Operator
Thank you for joining us, and welcome to the nLIGHT, Inc. First Quarter 2026 Earnings Call. [Operator Instructions]
I will now hand the conference over to John Marchetti, Vice President of Corporate Development and Head of Investor Relations. John, please go ahead.
John Marchetti
Vice President of Corporate Development & Investor Relations
Good afternoon, everyone. Thank you for joining us today to discuss nLIGHT’s first quarter 2026 Earnings Results. I’m John Marchetti, nLIGHT’s VP of Corporate Development and the Head of Investor Relations. With me on the call today are Scott Keeney, nLIGHTs Chairman and CEO; and Joe Corso, nLIGHT’s CFO.
Today’s discussion will contain forward-looking statements, including financial projections and plans for our business, some of which are beyond our control, including the risks and uncertainties described from time to time in our SEC filings. Our results may differ materially from those projected on today’s call, and we undertake no obligation to update publicly any forward-looking statement, except as required by law.
During the call, we will be discussing certain non-GAAP financial measures. We have provided reconciliations of these non-GAAP financial measures to the most directly comparable GAAP financial measures in our earnings release and in our earnings presentation, both of which can be found on the Investor Relations section of our
Business
Earnings call transcript: Amgen Q1 2026 beats EPS forecast, stock dips

Earnings call transcript: Amgen Q1 2026 beats EPS forecast, stock dips
Business
Earnings call transcript: LPL Financial Q1 2026 beats forecasts, stock dips

Earnings call transcript: LPL Financial Q1 2026 beats forecasts, stock dips
Business
Is Amazon Down Now? AWS Hit by Ongoing Outage as Data Center Issues Disrupt Shopping and Cloud Services
SEATTLE — Amazon.com and its cloud computing arm Amazon Web Services faced significant disruptions Thursday as a lingering data center overheating problem in Northern Virginia continued to affect customers, with many users reporting difficulties accessing the retail website, placing orders and using AWS-powered applications. While core shopping functionality has largely recovered for most users, the outage — now entering its second day — has highlighted the far-reaching impact of AWS when even a single region encounters technical difficulties.
The issues originated from elevated temperatures in a key US-East-1 data center, forcing Amazon to throttle certain services and prioritize recovery efforts. As of late Thursday, the company reported that recovery was progressing but acknowledged that full restoration could take several more hours. The outage has affected a wide range of services and third-party websites that rely on AWS infrastructure, including streaming platforms, financial apps and major online retailers.
Downdetector showed sustained spikes in user reports for both Amazon.com and AWS, with many customers complaining about slow loading times, failed checkouts and error messages when trying to access their accounts or complete purchases. While the main retail website has been partially operational, some features like personalized recommendations and rapid delivery options have been inconsistent.
Widespread Impact on Businesses and Consumers
The outage has ripple effects across the internet. Popular services hosted on AWS, including parts of Coinbase, FanDuel and various analytics platforms, experienced intermittent problems. Smaller e-commerce businesses that rely on Amazon’s infrastructure for hosting and payment processing reported lost sales and frustrated customers. For individual shoppers, the timing — during a busy pre-weekend period — added inconvenience as many tried to complete online orders.
Amazon has not released an official estimate of the financial impact, but analysts suggest the disruption could cost millions in lost revenue and damaged customer trust. This marks the latest in a series of high-profile cloud outages that have raised questions about over-reliance on single providers for critical internet infrastructure.
Amazon’s Response and Recovery Efforts
Amazon Web Services updated its Service Health Dashboard regularly, noting that engineers were working to restore normal cooling capacity and bring affected systems back online. The company emphasized that no customer data was compromised and that the issue was isolated to environmental factors within one facility. Customers with critical workloads were advised to use multi-region architectures or activate backup systems where available.
In a statement, an AWS spokesperson said, “We are making progress toward resolving the impaired instances and degraded volumes. We apologize for the inconvenience this has caused and appreciate our customers’ patience as we work to restore full service.” Service credits for affected accounts are expected, though formal details have not yet been announced.
Broader Context for Cloud Reliability
The incident underscores ongoing debates about cloud concentration risks. US-East-1 in Northern Virginia remains one of the most heavily used AWS regions globally, powering a significant portion of the internet’s infrastructure. While AWS offers multiple availability zones for redundancy, many customers still concentrate workloads in this popular region for latency and cost reasons.
Competitors Microsoft Azure and Google Cloud have used the opportunity to highlight their own multi-region capabilities, though all major providers have experienced similar regional outages in the past. The event may prompt more organizations to review their disaster recovery and business continuity plans, especially those running mission-critical applications.
Advice for Affected Users
For shoppers facing issues on Amazon.com:
- Try refreshing the page or using a different browser/device.
- Clear cache and cookies or attempt an incognito window.
- Check the Amazon app separately, as mobile and desktop experiences can vary.
- Use alternative retailers temporarily if urgent purchases are needed.
- Monitor the official AWS Health Dashboard for updates.
Business customers using AWS services should activate failover protocols, monitor dashboards closely and document any business impact for potential compensation claims.
Long-Term Implications
As Amazon works toward full restoration, attention will turn to any post-incident review and potential infrastructure improvements. The company has a strong track record of learning from such events to enhance overall resilience. However, repeated high-profile outages could push some enterprise customers toward multi-cloud strategies or increased investment in on-premises backups.
For individual consumers, the outage serves as a reminder of how central Amazon has become to daily life — from shopping and streaming to cloud services that power countless websites and apps. While disruptions are relatively rare given the scale of AWS operations, even brief outages can cause significant inconvenience in our increasingly digital world.
As of Thursday evening, partial functionality had returned for most users, though some lingering issues persisted in specific services. Amazon is expected to provide a more detailed update once systems fully stabilize. In the meantime, customers are advised to remain patient and use alternative options where necessary.
The Amazon outage, while disruptive, highlights both the platform’s massive popularity and the challenges of maintaining perfect uptime at global scale. As demand for cloud services and online shopping continues to grow, reliability will remain a critical factor determining which providers earn long-term customer loyalty.
Business
Genco Shipping & Trading Limited (GNK) Q1 2026 Earnings Call Transcript
Operator
Good morning, ladies and gentlemen, and welcome to the Genco Shipping & Trading Limited First Quarter 2026 Earnings Conference Call and Presentation. Before we begin, please note that there will be a slide presentation accompanying today’s conference call. That presentation can be obtained from Genco’s website at www.gencoshipping.com.
To inform everyone, today’s conference is being recorded and is now being webcast at the company’s website, www.gencoshipping.com [Operator Instructions]. A webcast replay will also be available via link provided in today’s press release as well as on the company’s website.
At this time, I will now turn the conference over to the company. Please go ahead.
Peter Allen
Chief Financial Officer
Good morning. Before we begin our presentation, I note that in this conference call, we will be making certain forward-looking statements pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements use words such as anticipate, budget, estimate, expect, project, intend, plan, believe and other words in terms of similar meaning in connection with the discussion of potential future events, circumstances or future operating or financial performance.
These forward-looking statements are based on management’s current expectations and observations. For a discussion of factors that could cause results to differ, please see the company’s press release that was issued yesterday, the materials relating to this call posted
Business
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