Nomura has initiated coverage on Paytm with a Buy rating and a target price of Rs 2,250, implying an upsi ...More

Nomura has initiated coverage on Paytm with a Buy rating and a target price of Rs 2,250, implying an upside of 31%. The brokerage expects EBITDA to grow at a 96% CAGR over FY26-29F, driven by payments, merchant lending, AI-led cost efficiencies and potential UPI MDR revenue. International expansion and enterprise AI product Pi offer additional growth opportunities. ...Less

In a notable development, One 97 Communications Ltd., Paytm's parent company, observed a significant rise ...More

In a notable development, One 97 Communications Ltd., Paytm's parent company, observed a significant rise in domestic share ownership as of Q2 FY 2027. Indian investors now hold over 56% of the firm, which illustrates a positive trend towards local equity involvement. Furthermore, domestic institutional ownership has soared to 29.5%, reflecting heightened engagement from local institutional players. In contrast, foreign direct investment declined to 18. ...Less

Paytm shares crashed on Wednesday after reports suggested a possible delay in the rollout of UPI MDR. Ana ...More

Paytm shares crashed on Wednesday after reports suggested a possible delay in the rollout of UPI MDR. Analysts said the stock faces immediate support at Rs 1,560-1,550, while a decisive break below could trigger further selling. ...Less

Shares of Paytm, Pine Labs dropped after NPCI delayed the rollout of merchant discount rate (MDR) fees on ...More

Shares of Paytm, Pine Labs dropped after NPCI delayed the rollout of merchant discount rate (MDR) fees on select UPI transactions beyond Diwali. The rollout, earlier scheduled for October 15, was expected to boost fintech companies’ earnings during the festive season. NPCI said the revised implementation date would be communicated to stakeholders soon. ...Less

Paytm shares display strong bullish momentum following a daily range breakout and accumulation above key ...More

Paytm shares display strong bullish momentum following a daily range breakout and accumulation above key EMAs. Choice Broking recommends a Hedged Call Ratio Spread strategy targeting the Rs 1,760-Rs 1,800 zone for the October 27 expiry, offering a max profit of Rs 19,901 with defined risk. ...Less

Speaking this week at Cypher 2026, the AI conference in Bengaluru, Sharma said he would write cheques of ...More

Speaking this week at Cypher 2026, the AI conference in Bengaluru, Sharma said he would write cheques of Rs 1 crore to Rs 2 crore to founders willing to take on the challenge. ...Less

Paytm, Mobikwik and Pine Labs shares fall sharply as reports of a possible delay in UPI MDR implementatio ...More

Paytm, Mobikwik and Pine Labs shares fall sharply as reports of a possible delay in UPI MDR implementation raise concerns over the fintech companies’ expected benefits from the new fee structure. ...Less

In April this year, the Reserve Bank of India (RBI) had cancelled the banking licence issued to PPBL for ...More

In April this year, the Reserve Bank of India (RBI) had cancelled the banking licence issued to PPBL for non-compliance with norms, saying affairs of the bank were conducted in a manner detrimental to the interest of its depositors. ...Less

UPI MDR rollout: A proposal is under consideration to delay the implementation of Merchant Discount Rates ...More

UPI MDR rollout: A proposal is under consideration to delay the implementation of Merchant Discount Rates for Unified Payments Interface. This decision is expected to relieve retailers during the festive season and was initially set for October 15. Recent protests by traders against MDR introduction led to consultations among industry stakeholders. Payment aggregators like Paytm and Mobikwik saw significant share declines due to this news. ...Less

The company says most personalization tools work off a customer's past behaviour, which is often outdated ...More

The company says most personalization tools work off a customer's past behaviour, which is often outdated by the time a brand acts on it. CleverAI combines that history with what a user is doing at the moment to decide what each customer should see next. ...Less

Three Nifty 500 stocks, including UPL, Gallantt Ispat, and One97 Communications, closed above their Volum ...More

Three Nifty 500 stocks, including UPL, Gallantt Ispat, and One97 Communications, closed above their Volume Weighted Average Price (VWAP) on October 12. According to StockEdge scan data, closing above the VWAP reflects strong underlying buying momentum during the trading session. ...Less

Shares of Pine Labs, Moneyview and other fintech firms rose after the RBI announced interoperability amon ...More

Shares of Pine Labs, Moneyview and other fintech firms rose after the RBI announced interoperability among NBFC account aggregators. The move will let customers share financial information across different account aggregators through a single account, without fresh registration, subject to their consent. ...Less

Sensex and Nifty rallied over 1.5% on Tuesday, adding around Rs 5 lakh crore to the market capitalisation ...More

Sensex and Nifty rallied over 1.5% on Tuesday, adding around Rs 5 lakh crore to the market capitalisation of listed companies. Investors will track global cues, Q2 earnings, active stocks, buying and selling trends, and key technical levels on Wednesday as markets assess the sustainability of the sharp rebound. ...Less

Union minister for commerce and industry Piyush Goyal will be the guest of honour at the event, which wil ...More

Union minister for commerce and industry Piyush Goyal will be the guest of honour at the event, which will bring together a strong mix of past and present ETSA winners and nominees, alongside leading voices from India’s new-economy landscape. Goyal is expected to speak about the government’s efforts to deepen and expand the country’s emerging business ecosystem. ...Less

An ET analysis of National Stock Exchange (NSE) and BSE block and bulk deal disclosures across 18 new-age ...More

An ET analysis of National Stock Exchange (NSE) and BSE block and bulk deal disclosures across 18 new-age companies shows sales by investors including Japan’s SoftBank group and venture capital firms Peak XV Partners, Elevation Capital and Accel. ...Less

The addition took Groww’s active client base to 1.34 crore and its market share to 29.16%, up from 29.04% ...More

The addition took Groww’s active client base to 1.34 crore and its market share to 29.16%, up from 29.04% in August. Groww alone accounted for more than 60% of the industry’s net addition of 1.6 lakh active clients during the month. The total active client base stood at 4.61 crore at the end of September. ...Less

IT stocks rose on Thursday as investors turned their attention to TCS, which is set to kick off the Q2 ea ...More

IT stocks rose on Thursday as investors turned their attention to TCS, which is set to kick off the Q2 earnings season. Analysts expect modest sequential revenue growth, while a favourable base and margin support could aid year-on-year growth. Currency tailwinds may also support margins across Indian IT services companies. ...Less

Indian equity benchmarks ended lower after a volatile session influenced by strong wholesale inflation an ...More

Indian equity benchmarks ended lower after a volatile session influenced by strong wholesale inflation and elevated crude oil prices. The Nifty 50 declined, testing the support zone of 22,580-22,620, which might weaken with repeated tests. Several companies, such as Reliance Industries and Tata Technologies, are expected to be in focus due to upcoming quarterly earnings. ...Less

Indian markets plunged on Thursday as RBI policy tightening, persistent FII selling, rising bond yields a ...More

Indian markets plunged on Thursday as RBI policy tightening, persistent FII selling, rising bond yields and rupee weakness battered sentiment. The Nifty hit a 52-week low of 22,179, while the Sensex fell 1,045 points, wiping out over Rs 10 lakh crore. ...Less

The industry has scope to increase soundbox deployments from about two crore to five crore over time, a t ...More

The industry has scope to increase soundbox deployments from about two crore to five crore over time, a top official at the National Payments Corporation of India (NPCI) said, requesting anonymity. ...Less

Indian equities extended their recovery on Tuesday, driven by positive global cues and corporate updates. ...More

Indian equities extended their recovery on Tuesday, driven by positive global cues and corporate updates. The Nifty 50 index closed at 22,714.80, marking a gain of 195.05 points. Several companies, including Titan Company and HCLTech, reported encouraging business developments that are likely to impact their stock performance. Technical analysts suggest that the Nifty will remain constructive if it stays above 22,600. ...Less

Apple Pay initially supports Visa and Mastercard credit cards issued by Axis Bank. Other large card issue ...More

Apple Pay initially supports Visa and Mastercard credit cards issued by Axis Bank. Other large card issuers, including HDFC Bank, ICICI Bank and SBI Card, are currently not live on the service. ...Less

Happy Monday! Menlo Ventures, an early Anthropic backer, says the real AI constraint is compute, not a sl ...More

Happy Monday! Menlo Ventures, an early Anthropic backer, says the real AI constraint is compute, not a slowdown in frontier models. This and more in today's ETtech Morning Dispatch. ...Less

Macquarie expects Indian banks to deliver 18% EPS growth in FY28, supported by higher margins, stronger l ...More

Macquarie expects Indian banks to deliver 18% EPS growth in FY28, supported by higher margins, stronger loan demand, easing liquidity pressures and stable asset quality. The brokerage upgraded Bank of Baroda, Kotak Mahindra Bank and select financial stocks. ...Less

Apple Pay has officially made its debut in India, providing a seamless contactless payment experience for ...More

Apple Pay has officially made its debut in India, providing a seamless contactless payment experience for users. With Axis Bank Visa and Mastercard credit cardholders now able to use Apple Pay, transactions can be completed effortlessly at various merchants. This innovative service ensures security while shopping online and in-store without the hassle of PINs or OTPs. ...Less

In an exciting development, Apple has rolled out its payment service, Apple Pay, in India through a colla ...More

In an exciting development, Apple has rolled out its payment service, Apple Pay, in India through a collaboration with Axis Bank. Users holding Axis Bank cards can easily enact contactless transactions. The process of adding cards is straightforward with the Wallet app or the Axis Bank app, with no need for PINs or OTPs. ...Less

Goyal has been leading trade negotiations with key partners, including the US, after sealing high-profile ...More

Goyal has been leading trade negotiations with key partners, including the US, after sealing high-profile deals with the UK, which came into force in July, and the EU, which is expected to take effect early next year. His ministry is also overhauling a raft of laws and regulations to make it easier to do business and to cement India's position as a global manufacturing hub, a push that has coincided with record foreign direct investment (FDI) inflows of $94.53 billion in FY26. ...Less

Apple pay india launch: Apple has officially launched Apple Pay in India. This contactless payment servic ...More

Apple pay india launch: Apple has officially launched Apple Pay in India. This contactless payment service allows for easy and secure transactions at various merchants across the country. Users can add their cards to the Apple Wallet through the Axis Bank app or the Wallet app. Apple Pay is designed to enhance security through tokenisation and device-level protections. ...Less

Apple Pay is expected to launch in India next month with Axis Bank credit cards, ahead of wider bank supp ...More

Apple Pay is expected to launch in India next month with Axis Bank credit cards, ahead of wider bank support, Reuters reported. The service will focus on card based tap and pay payments through Face ID and Touch ID, separate from India's dominant UPI network, with HDFC Bank and ICICI Bank still finalising their own tie ups. ...Less

Molbio Diagnostics shares jumped after Jefferies initiated coverage with a Buy rating and named it a high ...More

Molbio Diagnostics shares jumped after Jefferies initiated coverage with a Buy rating and named it a high-conviction top pick. The brokerage set a Rs 1,600 target price, implying 27% upside from Tuesday’s close and nearly 98% above its Rs 807 IPO price. The stock had listed at a 21% premium at Rs 980. ...Less

Apple Pay has officially launched in India, allowing users to make contactless payments using Axis Bank c ...More

Apple Pay has officially launched in India, allowing users to make contactless payments using Axis Bank credit cards. Users can add their Visa and Mastercard credit cards to Apple Pay to facilitate these payments. The service provides a secure and private method for transactions without requiring PINs or OTPs. This launch marks a significant expansion in digital payment options available to Indian consumers. ...Less

The National Stock Exchange saw a solid 2% rise on its debut day following its IPO. In recent months, sev ...More

The National Stock Exchange saw a solid 2% rise on its debut day following its IPO. In recent months, several major IPOs in India have struggled after their launch, with Hyundai Motor India and LIC experiencing steep losses on their first day. Conversely, LG Electronics India enjoyed a strong debut, while ICICI Prudential Asset Management held above its initial offer price. ...Less

As Nifty edges closer to the vital support level of 23,000, the risk of falling to 22,600 becomes apparen ...More

As Nifty edges closer to the vital support level of 23,000, the risk of falling to 22,600 becomes apparent. Traders are encouraged to adopt diverse strategies like long positions and hedging. The Bank Nifty is also positioned at a crucial support zone, leading to similar trading recommendations. Attention is drawn to stocks like Deepak Fertilisers and EID Parry for potential investments. ...Less

Helios Flexi Cap Fund reshuffled its portfolio in August, cutting exposure to HDFC Bank, Reliance Industr ...More

Helios Flexi Cap Fund reshuffled its portfolio in August, cutting exposure to HDFC Bank, Reliance Industries and other holdings while adding to Swiggy, Paytm and several other stocks. The fund also exited five stocks and added two new names. Its portfolio stood at 68 stocks across 26 sectors during the month. ...Less

Indian equity benchmarks Sensex and Nifty ended higher on Friday, bouncing back to close at 73,896 and 23 ...More

Indian equity benchmarks Sensex and Nifty ended higher on Friday, bouncing back to close at 73,896 and 23,140.50 respectively. Geojit’s Vinod Nair cited strong domestic liquidity holding Nifty above 23,000, while elevated crude prices and persistent foreign outflows continue to cap near-term market upside ahead of Monday's trade. ...Less

OpenAI and Anthropic are reportedly commanding valuations that translate into roughly 30-38 times price-t ...More

OpenAI and Anthropic are reportedly commanding valuations that translate into roughly 30-38 times price-to-sales, compared with around 3.7 times for the average S&P 500 company. ...Less

Paytm shares have rebounded over 480% from their lifetime low but remain 20% below the Rs 2,150 IPO price ...More

Paytm shares have rebounded over 480% from their lifetime low but remain 20% below the Rs 2,150 IPO price. The introduction of MDR on select high-value UPI transactions could create a new revenue stream for the fintech, while merchant lending, operating leverage and AI initiatives may offer additional growth avenues. ...Less

NSE made a muted debut with a 0.8% listing gain, placing it near the lower end of the Rs 10,000 crore-plu ...More

NSE made a muted debut with a 0.8% listing gain, placing it near the lower end of the Rs 10,000 crore-plus IPO club. Despite strong subscription and its dominant market position, the exchange delivered a modest debut. Brokerages remain constructive, citing long-term growth potential, strong fundamentals and India’s financialisation. ...Less

The National Stock Exchange's debut was characterized by a modest 0.8% premium on its initial public offe ...More

The National Stock Exchange's debut was characterized by a modest 0.8% premium on its initial public offering price. The Chairman underscored the necessity of adopting a long-term viewpoint when assessing the exchange's viability. NSE's strategic direction includes diversifying its revenue streams over the next five years to minimize dependence on transaction fees. ...Less

India’s ecommerce and digital platforms are preparing for a surge in personal AI agents that could increa ...More

India’s ecommerce and digital platforms are preparing for a surge in personal AI agents that could increasingly make shopping decisions and transactions for consumers, forcing companies to rethink pricing, customer engagement and bot verification. ...Less

Paytm shares surged over 7% after brokerages raised target prices following the introduction of MDR on se ...More

Paytm shares surged over 7% after brokerages raised target prices following the introduction of MDR on select UPI transactions above Rs 2,000. Jefferies, JM Financial and Emkay Global retained Buy ratings on the stock. ...Less

India’s midcap stocks outperformed the Nifty 50 over six months, with 10 stocks gaining 50%-105%, alongsi ...More

India’s midcap stocks outperformed the Nifty 50 over six months, with 10 stocks gaining 50%-105%, alongside notable FII and mutual fund holdings. ...Less

Paytm and Pine Labs stand to benefit from the new UPI MDR framework, but the impact could differ sharply. ...More

Paytm and Pine Labs stand to benefit from the new UPI MDR framework, but the impact could differ sharply. Paytm has a larger absolute revenue opportunity, with analysts estimating FY28 UPI MDR revenue of up to Rs 1,160 crore, while Pine Labs could see a bigger impact on earnings and profitability. ...Less

Paytm shares fell after the government directed banks and payment providers not to charge for UPI transac ...More

Paytm shares fell after the government directed banks and payment providers not to charge for UPI transactions up to Rs 2,000, raising uncertainty over charges for higher-value transactions. The decline came a day after Paytm hit a fresh 52-week high of Rs 1,840, with the stock having nearly doubled from its March low of Rs 930.6. ...Less

The Hyderabad region has three availability zones and is built for AI workloads from day one, adding to M ...More

The Hyderabad region has three availability zones and is built for AI workloads from day one, adding to Microsoft’s existing cloud regions in Pune, Chennai and Mumbai, as per Microsoft India and South Asia president Puneet Chandok. ...Less

India's mega IPOs have yielded varied results for investors, with a notable four out of six trading below ...More

India's mega IPOs have yielded varied results for investors, with a notable four out of six trading below their initial issue prices, leading to disappointing returns. The upcoming IPO from NSE could encounter similar hurdles, primarily due to its high valuation and earnings that are closely tied to market volumes. Investors are advised to carefully evaluate valuation metrics and derivative dependencies before participating in this significant offering. ...Less

Paytm, MobiKwik and Pine Labs are likely to remain in focus after the government announced MDR on select ...More

Paytm, MobiKwik and Pine Labs are likely to remain in focus after the government announced MDR on select UPI transactions above Rs 2,000. From October 15, merchants will pay a 0.4% fee on eligible P2M UPI transactions, capped at Rs 300 for payments of Rs 75,000 or more. ...Less

His comments come as the government moves towards allowing charges on a limited set of UPI transactions. ...More

His comments come as the government moves towards allowing charges on a limited set of UPI transactions. On Monday, the government notified that UPI transactions of up to Rs 2,000 will remain free of MDR, while leaving the door open for levies on higher-value transactions. ...Less

The government has introduced a 0.4% fee on UPI transfers exceeding Rs 2,000 to merchants from October 15 ...More

The government has introduced a 0.4% fee on UPI transfers exceeding Rs 2,000 to merchants from October 15, while explicitly ring-fencing everyday person-to-person transactions as well as small payments from any charge. ...Less

Rediff.com's upcoming initial public offering (IPO) may find additional monetisation avenues as a result ...More

Rediff.com's upcoming initial public offering (IPO) may find additional monetisation avenues as a result of the government's decision to levy a Merchant Discount Rate (MDR) of 0.4% on select high-value UPI merchant transactions, market analysts said after the new regime was announced on Tuesday. ...Less

A 40-year-old investor based in Pune is on a mission to retire by age 50 while providing for her two chil ...More

A 40-year-old investor based in Pune is on a mission to retire by age 50 while providing for her two children’s education. With savings of Rs 1.68 cr from diverse investments, she plans to pay off her home loan by December 2026. Experts suggest she aim for a retirement fund between Rs 4-4.5 cr and adapt her investment strategy as her financial goals draw near. ...Less

Four Nifty 200 stocks, including One97 Communications, Supreme Industries, IREDA, and Siemens, closed mor ...More

Four Nifty 200 stocks, including One97 Communications, Supreme Industries, IREDA, and Siemens, closed more than 2% above their Volume-Weighted Average Price on September 18. According to StockEdge data, closing above VWAP indicates that these stocks traded at higher valuations relative to their daily average volume-weighted prices. ...Less

Sebi is set to investigate the issues raised by discount brokers regarding new UPI charges that will impa ...More

Sebi is set to investigate the issues raised by discount brokers regarding new UPI charges that will impact large fund transfers starting October fifteenth. Brokers are particularly concerned that these additional costs may heavily burden them, as trades are not insured after the transfers are made. Additionally, the complexity of quarterly settlements could further escalate their expenses. ...Less

Mutual funds favoured mid-cap stocks in August, led by companies from the financial, healthcare, IT and c ...More

Mutual funds favoured mid-cap stocks in August, led by companies from the financial, healthcare, IT and consumer discretionary sectors. Paytm recorded the highest net buying, followed by Aster DM Healthcare, Meesho, Lenskart and Piramal Finance. ...Less

The Indian rupee strengthened slightly on Thursday after central bank interventions. Oil prices retreated ...More

The Indian rupee strengthened slightly on Thursday after central bank interventions. Oil prices retreated, which also supported bond yields during the trading day. State-run banks actively sold dollars at weaker levels, influencing the currency's movement. The rupee traded within a defined range throughout the session. The dollar index saw an increase from its previous day's closing value. ...Less

The new revenue stream could also draw banks and ecommerce companies into consumer UPI. Pine Labs chairma ...More

The new revenue stream could also draw banks and ecommerce companies into consumer UPI. Pine Labs chairman, managing director and chief executive officer Amrish Rau called the change a "life-changing opportunity" for the company. ...Less

Indian equities rebounded on September 16 after Tuesday’s sharp sell-off, with Sensex gaining 333 points ...More

Indian equities rebounded on September 16 after Tuesday’s sharp sell-off, with Sensex gaining 333 points and Nifty rising 99 points. Large caps led gains, while broader markets declined. Groww, Paytm and Pine Labs featured among the most active stocks. ...Less

India's payments authority is discussing charges on large UPI transactions. This follows a recent change ...More

India's payments authority is discussing charges on large UPI transactions. This follows a recent change in law allowing fees on payments over 2,000 rupees. Regulators are leaning towards a 0.4% charge for merchant transactions. Person-to-person payments will continue to remain free for users. This move is expected to generate significant annual revenue for the payments industry. ...Less

Happy Thursday! The return of MDR is set to change UPI's market share game. This and more in today's ETte ...More

Happy Thursday! The return of MDR is set to change UPI's market share game. This and more in today's ETtech Morning Dispatch. ...Less

Overseas bond sales may moderate as the US Federal Reserve increases interest rates. Bank of Maharashtra ...More

Overseas bond sales may moderate as the US Federal Reserve increases interest rates. Bank of Maharashtra priced its debut bond at a higher yield than Union Bank of India. Indian companies have raised over $20 billion in dollar bonds this year. Higher US treasury yields increase the all-in cost for Indian issuers. Issuers may frontload fundraising before rates potentially rise further. ...Less

Bernstein has named Paytm its top pick, citing strong merchant lending growth, operating leverage and pot ...More

Bernstein has named Paytm its top pick, citing strong merchant lending growth, operating leverage and potential UPI MDR as key earnings drivers. The brokerage has set a Rs 2,200 target, implying further upside, while flagging key downside risks. ...Less

Starting on October 15, banks and payment applications will begin earning revenue from select merchant UP ...More

Starting on October 15, banks and payment applications will begin earning revenue from select merchant UPI transactions. Transactions under Rs 2000 will remain exempt from new fees, while person-to-person transfers and small vendor payments under Rs 1 lakh are still free. Merchants will incur a charge of up to forty basis points for transactions over Rs 2000. ...Less

The Reserve Bank of India's open market operation sale received robust investor interest. This operation ...More

The Reserve Bank of India's open market operation sale received robust investor interest. This operation aimed to absorb surplus liquidity from the banking system. The central bank accepted bonds at yields higher than prevailing market rates. This move precedes a significant weekly bond auction scheduled for Friday. Further liquidity absorption measures are planned for the coming week. ...Less

Products such as mobile phones, laptops and consumer durables have become costlier, partly due to an AI-d ...More

Products such as mobile phones, laptops and consumer durables have become costlier, partly due to an AI-driven rise in memory chip costs. While this is likely to weigh on sales volumes, industry and analyst estimates suggest sales values to grow due to the price hikes. This works in favour of checkout-financing players during the peak festive sales season, according to industry executives and analysts. ...Less

While NPCI has not specified a threshold based on the size of a merchant’s turnover, it said in its annou ...More

While NPCI has not specified a threshold based on the size of a merchant’s turnover, it said in its announcement that vendors operating under the person-to-person merchant (P2PM) category will “enjoy a mandatory zero MDR”. Merchants in this category, typically small shopkeepers, street vendors and local businesses, are classified as those receiving less than Rs 1 lakh per month in their accounts through UPI. ...Less

Tax issues Levy of goods & services tax on MDR can be taken up by GST Council, ITC may be used by merchan ...More

Tax issues Levy of goods & services tax on MDR can be taken up by GST Council, ITC may be used by merchants. ...Less

Tata Sons has announced the reappointment of N Chandrasekaran as executive chairman for the next five yea ...More

Tata Sons has announced the reappointment of N Chandrasekaran as executive chairman for the next five years, sparking discussions about future strategic moves, including a possible listing. However, Tata Trusts has deemed this reappointment legally void, signaling potential tensions that may hinder group initiatives and delay unlocking shareholder value. The conflicts between these entities are significant as they impact leadership and strategic direction. ...Less

The NPCI has finalised the long-awaited MDR framework for UPI transactions, paving the way for changes to ...More

The NPCI has finalised the long-awaited MDR framework for UPI transactions, paving the way for changes to the payments ecosystem. This and more in today’s ETtech Top 5. ...Less

Indian stock markets wrapped up the day on a slightly positive note on Thursday, digesting the anticipate ...More

Indian stock markets wrapped up the day on a slightly positive note on Thursday, digesting the anticipated hike from the US Federal Reserve. The Nifty index gained traction, while the Sensex slipped marginally. As bond yields eased following the 25-basis-point rise and oil prices corrected, domestic institutions buoyed market performance amidst foreign investor sell-offs. This resilience in broader indices suggests a healthy sentiment among investors despite the volatility. ...Less

In a significant expansion move, Artemis Medicare Services plans to increase its hospital capacity, targe ...More

In a significant expansion move, Artemis Medicare Services plans to increase its hospital capacity, targeting nearly two thousand operational beds by 2030. The anticipated growth in international patient numbers and improved utilization rates are expected to contribute to revenue boosts. With new facilities in the pipeline, earnings are projected to see a considerable rise, prompting analysts to express a positive stance on the company's stock trajectory. ...Less

CMS Info Systems shares rose on Wednesday after the government announced MDR on select UPI transactions a ...More

CMS Info Systems shares rose on Wednesday after the government announced MDR on select UPI transactions above Rs 2,000, making the company a potential direct beneficiary. From October 15, merchants will pay 0.4% MDR on eligible P2M UPI transactions, capped at Rs 300 for payments of Rs 75,000 or more. ...Less

In an exciting new venture, Paytm is venturing beyond its established digital payments realm to launch Pi ...More

In an exciting new venture, Paytm is venturing beyond its established digital payments realm to launch Pi, an innovative service offering artificial intelligence agents specifically tailored for enterprise clients. This strategic move will focus on financial institutions in India and the UAE. After dedicating two years to perfecting a financial services AI model, Paytm hopes this expansion will significantly elevate revenue and profitability. ...Less

Five midcap stocks witnessed the highest net buying by mutual funds in August, according to Motilal Oswal ...More

Five midcap stocks witnessed the highest net buying by mutual funds in August, according to Motilal Oswal Financial Services. Cochin Shipyard led the list, followed by Patanjali Foods, ICICI Prudential AMC, Billionbrains Garage Ventures and One97 Communications. ...Less

India will soon introduce a merchant discount rate on UPI payments. This fee applies to transactions exce ...More

India will soon introduce a merchant discount rate on UPI payments. This fee applies to transactions exceeding two thousand rupees with merchants. Some small merchants and rural areas will be excluded from this new charge. This move aims to make the UPI system more self-sustainable and expand its reach. Consumers are not expected to directly pay these new transaction fees. ...Less

Paytm shares surged on Wednesday, as investors welcomed the company’s push into enterprise AI, marking an ...More

Paytm shares surged on Wednesday, as investors welcomed the company’s push into enterprise AI, marking an expansion beyond its core payments business. The stock has gained over 20% in the past month, significantly outperforming the broader Nifty 500 and Nifty 50. ...Less

Jefferies has identified Paytm, Groww, PB Fintech, AU Small Finance Bank and Poonawalla Fincorp as its 25 ...More

Jefferies has identified Paytm, Groww, PB Fintech, AU Small Finance Bank and Poonawalla Fincorp as its 25% CAGR club of Indian financial stocks. The brokerage expects strong earnings and revenue growth over FY26-29, supported by scale, new business initiatives and operating leverage, while maintaining Buy calls on all five stocks. ...Less

Yes Bank shares rose sharply on Wednesday after Citi and Morgan Stanley identified the lender as a key be ...More

Yes Bank shares rose sharply on Wednesday after Citi and Morgan Stanley identified the lender as a key beneficiary of new MDR charges on select UPI transactions above Rs 2,000. Citi expects the lender and other banks to see an earnings boost, while Morgan Stanley sees a smaller profit benefit than estimated earlier. ...Less

Indian equities recovered sharply from Friday’s lows as easing oil prices and bond yields lifted sentimen ...More

Indian equities recovered sharply from Friday’s lows as easing oil prices and bond yields lifted sentiment. Sensex and Nifty closed lower, while weak breadth, foreign outflows and geopolitical risks kept bears in control despite selective buying and resilient domestic fundamentals. ...Less

Northern Railway has introduced an OTP-based digital luggage locker system at four major railway stations ...More

Northern Railway has introduced an OTP-based digital luggage locker system at four major railway stations in Delhi, allowing passengers to store and retrieve their luggage independently and securely without assistance from railway staff. The facility is currently operational at New Delhi and Hazrat Nizamuddin stations, while Anand Vihar Terminal and Delhi Junction will become operational shortly. Passengers can use their mobile numbers for OTP verification, making the process of storing and collecting luggage convenient and hassle-free. ...Less

Zerodha CEO Nithin Kamath said the new UPI MDR framework may not make economic sense for investing and br ...More

Zerodha CEO Nithin Kamath said the new UPI MDR framework may not make economic sense for investing and broking, where customers can transfer funds without trading. He said brokers may struggle to absorb the costs indefinitely, particularly under quarterly settlement rules, and suggested a lower MDR with a transaction-level cap. ...Less

Nearly twenty-eight percent of Indian railway tickets are booked through third-party platforms. This sign ...More

Nearly twenty-eight percent of Indian railway tickets are booked through third-party platforms. This significant share includes major players like Paytm and MakeMyTrip. IRCTC Rail Connect app and website handle the majority of online bookings. Paytm's consumer business shows strong growth in UPI transactions and users. Railways remain a resilient online booking category for travel companies. ...Less

UPI could generate Rs 22,000 crore annually by FY28 through a modest merchant discount rate. Banks might ...More

UPI could generate Rs 22,000 crore annually by FY28 through a modest merchant discount rate. Banks might receive Rs 14,000 crore and payment apps Rs 7,000 crore from this pool. This revenue stream focuses on higher-value transactions above Rs 2,000, which dominate transaction value. The government notification exempts smaller UPI transactions from any charges. This creates a pathway for monetising a significant segment of merchant payments. ...Less

Over the last five years, BSE has emerged as the top performer in wealth creation. Meanwhile, NSE's unlis ...More

Over the last five years, BSE has emerged as the top performer in wealth creation. Meanwhile, NSE's unlisted shares experienced more modest growth in comparison. MCX presents a longer pathway for growth due to its early involvement in commodity derivatives. Notably, NSE enjoys a structural edge with its strong market position and cash flow generation. Investors are encouraged to evaluate sustainability and valuations when making future investment choices. ...Less

From October 15, MDR will apply to select UPI person-to-merchant payments above Rs 2,000, but not to all ...More

From October 15, MDR will apply to select UPI person-to-merchant payments above Rs 2,000, but not to all such transactions. UPI AutoPay and mandates will be treated separately, while mutual funds and capital-market payments will attract a lower MDR. Importantly, the charge will be borne by merchants, not customers, raising questions over its impact on SIPs and stock investments. ...Less

With a stock price target price of Rs 1,250, the brokerage forecasts an upside of 17%. The lender will tr ...More

With a stock price target price of Rs 1,250, the brokerage forecasts an upside of 17%. The lender will transition from a small-finance bank to a Universal bank that can lower funding cost, lift fees and strengthen brand to aid growth. Over FY26-29, strong deposit growth will aid credit growth of 22% CAGR and 29% in PPP (ex-treasury), highest in its coverage. ...Less

Helios Mid Cap Fund, backed by Samir Arora, exited Dixon Technologies, Aadhar Housing Finance and Black B ...More

Helios Mid Cap Fund, backed by Samir Arora, exited Dixon Technologies, Aadhar Housing Finance and Black Box in August. The fund added eight stocks, including Coforge and Lalithaa Jewellery, while increasing exposure to 15 stocks and holding 72 stocks across 23 sectors. ...Less

Happy Tuesday! Amazon's quick commerce arm is scaling fast, India head Samir Kumar told us. This and more ...More

Happy Tuesday! Amazon's quick commerce arm is scaling fast, India head Samir Kumar told us. This and more in today’s ETtech Morning Dispatch. ...Less

Jefferies expects Sebi’s proposed CAS changes to reduce expiry-day volatility and uncertainty but remains ...More

Jefferies expects Sebi’s proposed CAS changes to reduce expiry-day volatility and uncertainty but remains negative on BSE shares, citing limited options-industry growth, a ceiling in market-share gains, tighter bank guarantee norms and a potential management transition. The brokerage prefers Groww, citing strong earnings growth levers and recovery in F&O activity. ...Less

The issuing bank would retain 40% of the fee, sources said. Third-party application providers such as Pho ...More

The issuing bank would retain 40% of the fee, sources said. Third-party application providers such as PhonePe or Google Pay, and the acquiring bank would take 30% each. On a 40 bps MDR, that works out to roughly 16 bps for the bank and 12 bps each for the app and the acquirer. One basis point equals 0.01%, so a 40 bps MDR translates to a fee of 0.4% on the transaction value. ...Less

The RBI had recognised the Fintech Association for Consumer Empowerment (FACE) as the first SRO-FT in Aug ...More

The RBI had recognised the Fintech Association for Consumer Empowerment (FACE) as the first SRO-FT in August 2024, after it laid down the framework for recognising SROs in May. ...Less

On Friday, Indian stock indices bounced back notably after a sluggish start, largely due to declining oil ...More

On Friday, Indian stock indices bounced back notably after a sluggish start, largely due to declining oil prices and bond yields. The shift in market sentiment was fueled by news of an upcoming summit between Gulf nations and Iran aimed at regulating shipping through the crucial Strait of Hormuz. This potential agreement has raised hopes of better supply management, but experts advise maintaining vigilance amidst the current market’s unpredictability. ...Less

Three Nifty500 stocks appeared on the White Marubozu bullish scanner on September 9, according to StockEd ...More

Three Nifty500 stocks appeared on the White Marubozu bullish scanner on September 9, according to StockEdge technical scan data. The candlestick pattern indicates strong buying pressure, with prices moving from near the session low towards the high. ...Less

Coforge’s boardroom brouhaha has taken a new turn days after chairman Om Prakash Bhatt’s resignation. Thi ...More

Coforge’s boardroom brouhaha has taken a new turn days after chairman Om Prakash Bhatt’s resignation. This and more in today’s ETtech Top 5. ...Less

Indian markets extended their losing streak for a third day as soaring oil prices and Middle East tension ...More

Indian markets extended their losing streak for a third day as soaring oil prices and Middle East tensions hurt sentiment. Sensex fell 813 points, Nifty dropped 204 points, and BSE market capitalisation lost over Rs 2 lakh crore amid broad-based selling. ...Less

Nifty has experienced a decline for four straight weeks, breaking through the crucial 24,000 support leve ...More

Nifty has experienced a decline for four straight weeks, breaking through the crucial 24,000 support level. Experts recommend adopting a market-neutral approach to capitalize on expected volatility. Among the stocks to watch are APL Apollo Tubes and One 97 Communications, which may offer promising returns. The Bank Nifty indicates upward trends, encouraging investors to buy on dips around 56,400. Additionally, Hindustan Oil Exploration Company and Engineers India present attractive opportunities. ...Less

The anticipated IPOs from Jio and NSE are under the microscope as experts examine their potential for lis ...More

The anticipated IPOs from Jio and NSE are under the microscope as experts examine their potential for listing-day profits. Historical data from past mega IPOs reveal a mixed bag in terms of performance, with certain offerings incurring losses. The success of these upcoming stocks will hinge on precise pricing and robust institutional demand. ...Less

State Bank of India plans to hire approximately twelve thousand personnel this financial year. The bank a ...More

State Bank of India plans to hire approximately twelve thousand personnel this financial year. The bank also intends to expand its network by adding around two hundred fifty new branches. SBI and its subsidiary will dilute up to one percent stake in the National Stock Exchange. This divestment is part of the National Stock Exchange's proposed initial public offering. ...Less

Despite government promotion of digital transactions like UPI and e-Rupee, cash remains prevalent, especi ...More

Despite government promotion of digital transactions like UPI and e-Rupee, cash remains prevalent, especially in rural areas and for large-value transactions. While digital payments offer convenience, they have also led to increased cyber fraud and financial exclusion, particularly for women. The article suggests the government's push for digitalization may stem from a desire for control and programmatic payment disbursement rather than genuine welfare improvement. ...Less

Block and bulk trades worth at least ₹80,000 crore were executed during the month - the highest since Jun ...More

Block and bulk trades worth at least ₹80,000 crore were executed during the month - the highest since June 2025. Domestic mutual funds, insurance companies, pension funds, and a clutch of foreign institutions lapped up the increased supply of shares in the market. ...Less