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The Himachal Pradesh High Court has declined to quash an FIR registered against a school principal accused of publicly calling a student a thief before classmates and showing CCTV footage in class. The principal had sought relief partly on the basis of a psychologist's report that found no trauma in the student. The court ruled that the absence of documented trauma does not warrant dropping criminal proceedings at this stage. It held that mental trauma is a matter to be established during trial, not as a precondition for prosecution. The court further observed that if the allegations are proven true, they would clearly constitute a criminal offence.
Zerodha CEO Nithin Kamath publicly criticized Groww on social media platform X following reports of Groww launching regular mutual funds under its new Groww Prime service. The move by Groww marked a notable shift, as regular mutual funds carry distributor commissions, a model often contrasted with direct funds that platforms like Zerodha have championed. Groww responded to Kamath's remarks, sparking a public exchange between two of India's leading retail brokerage platforms. The clash highlights ongoing tensions in India's fintech space over differing approaches to mutual fund distribution and investor interests.
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