Several high-profile IPOs have been withdrawn, delayed or shelved in 2026 as market volatility and valuat ...More

Several high-profile IPOs have been withdrawn, delayed or shelved in 2026 as market volatility and valuation concerns weigh on investor demand. From Firmus and Oura to PhonePe and KNDS, companies are reassessing public listings and fundraising plans. ...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

The Global Trade Research Initiative has urged the government to withdraw the proposed UPI charges set fo ...More

The Global Trade Research Initiative has urged the government to withdraw the proposed UPI charges set for October 15. Introducing fees on UPI transactions may adversely affect small businesses and consumer spending. Maintaining free UPI supports broader digital payments and benefits banks and payment apps. The anticipated changes could lead to higher prices for consumers and reduced earnings for merchants. ...Less

In an ambitious move to bolster India's digital payment landscape, PhonePe is set to hire more than 20,00 ...More

In an ambitious move to bolster India's digital payment landscape, PhonePe is set to hire more than 20,000 sales professionals aimed at expanding its merchant network nationwide. The company plans to roll out over 50 lakh payment devices by next year, with a strong focus on Tier 6 towns and rural areas. ...Less

A report by IIT-Bombay professors recommends reducing the Merchant Discount Rate for UPI transactions to ...More

A report by IIT-Bombay professors recommends reducing the Merchant Discount Rate for UPI transactions to improve the ecosystem. The current rate of 0.40 percent should decrease to 0.08 percent for third-party application providers. Additionally, the study suggests that banks should not depend on transaction fees but use funds from CASA deposits. It emphasizes the development of necessary services to enhance trust in digital payments. ...Less

PhonePe has secured in-principle approval from the UAE central bank for two payment licences, marking its ...More

PhonePe has secured in-principle approval from the UAE central bank for two payment licences, marking its first international market entry. The company plans to work with local banks and payment firms and explore integration with domestic rails such as Aani and Jaywan once it receives final regulatory clearance. ...Less

Walmart-backed PhonePe has received in-principle approval from the UAE central bank for two payments lice ...More

Walmart-backed PhonePe has received in-principle approval from the UAE central bank for two payments licences, paving the way for its first locally regulated payments business outside India. The company plans to work with local banks and payment providers and explore the UAE’s domestic payment rails, Aani and Jaywan. ...Less

The 12th edition of The Economic Times Startup Awards (ETSA) captured this transition, reflecting an ecos ...More

The 12th edition of The Economic Times Startup Awards (ETSA) captured this transition, reflecting an ecosystem that has moved beyond the race for scale to pursue technological depth, durable businesses and international markets. ...Less

Happy Monday! The Economic Times Startup Awards (ETSA) 2026 ceremony brought together the country’s top f ...More

Happy Monday! The Economic Times Startup Awards (ETSA) 2026 ceremony brought together the country’s top founders, investors, and policymakers in Bengaluru for a Friday evening of sharp insights and spirited conversations. ...Less

A group of former senior Flipkart executives has urged Walmart to buy back their vested stock options. Th ...More

A group of former senior Flipkart executives has urged Walmart to buy back their vested stock options. This request comes after the company's plans for an initial public offering have been postponed again. Recent leadership changes at Flipkart have highlighted ongoing tensions between former executives and current management. The signatories argue that those who contributed to Flipkart's success deserve liquidity opportunities. ...Less

Transaction volumes dipped 1.8% from 24.51 billion in August, while the value of transactions also fell m ...More

Transaction volumes dipped 1.8% from 24.51 billion in August, while the value of transactions also fell marginally month on month. On a year on year basis, transaction volumes rose 23%, while value increased 18%. ...Less

Sauce's Manu Chandra said he expects larger exits for investors of India's new-age consumer brands. This ...More

Sauce's Manu Chandra said he expects larger exits for investors of India's new-age consumer brands. This and more in today’s ETtech Morning Dispatch. ...Less

A Visakhapatnam man booked a bus from Hyderabad to Rajahmundry, paid Rs 1,200 for an AC seat, and ended u ...More

A Visakhapatnam man booked a bus from Hyderabad to Rajahmundry, paid Rs 1,200 for an AC seat, and ended up stranded near a highway at 12:30 AM with no help in sight. Here is what happened and what the consumer forum ruled. ...Less

PhonePe and Google Pay could earn about $900 million annually from India’s new UPI merchant fee regime by ...More

PhonePe and Google Pay could earn about $900 million annually from India’s new UPI merchant fee regime by March 2028, according to Bernstein estimates, strengthening their already dominant position. The 0.4% fee on merchant transactions above Rs 2,000 could also encourage payment apps to expand in rural areas and push smaller rivals towards higher-value transactions. ...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

For those who missed out on the National Stock Exchange IPO, there's a silver lining: several major publi ...More

For those who missed out on the National Stock Exchange IPO, there's a silver lining: several major public offerings are on the horizon! Set to accumulate a staggering Rs 4.27 lakh crore, companies such as Jio Platforms and PhonePe are readying their IPOs. With some firms already greenlit by Sebi while others await approval, the market's robust activity suggests a ripe environment for upcoming public offerings and eager investors. ...Less

NPCI, which manages UPI, has brought in a merchant discount rate of 0.4% on certain person-to-merchant UP ...More

NPCI, which manages UPI, has brought in a merchant discount rate of 0.4% on certain person-to-merchant UPI payments above Rs 2,000. ...Less

JioStar has confirmed 15 sponsorships for the upcoming West Indies tour of India in 2026. The sponsors re ...More

JioStar has confirmed 15 sponsorships for the upcoming West Indies tour of India in 2026. The sponsors represent various categories including banking, wellness, and automotive. This series will consist of three ODIs and five T20Is starting in late September. The broadcaster aims to engage audiences through targeted advertising during the festive season. JioStar plans a six-month cricket calendar featuring multiple series with various touring teams. ...Less

In the last six months, all 36 smallcap mutual funds have achieved impressive double-digit returns, avera ...More

In the last six months, all 36 smallcap mutual funds have achieved impressive double-digit returns, averaging around 25.20%. This indicates a robust recovery from prior dips. Financial experts advise investors to keep up their SIPs if they can handle the volatility. With smallcap valuations currently elevated, future success will hinge on sustained earnings growth. ...Less

At GFF 2026, PhonePe unveiled a suite of co-branded credit cards with HDFC Bank and SBI, plus the Wishcar ...More

At GFF 2026, PhonePe unveiled a suite of co-branded credit cards with HDFC Bank and SBI, plus the Wishcard for consumers with limited or no credit history. The products build on UPI-era behaviour to tap into formal credit, aiming to bring rewards, flexibility and credit-history building to Gen Z, homemakers, freelancers and semi-urban India. ...Less

At the Global Fintech Fest 2026 in Mumbai, PhonePe announced UPI 123Pay support for its app on feature ph ...More

At the Global Fintech Fest 2026 in Mumbai, PhonePe announced UPI 123Pay support for its app on feature phones, taking the SMS-based, internet-free payments stack pre-loaded on HMD, Nokia, Lava and itel handsets to 200 million-plus Indians still on basic phones. ...Less

Revenue from operations grew 18.5% to Rs 2,484.4 crore during the fiscal under review, up from Rs 2,096.6 ...More

Revenue from operations grew 18.5% to Rs 2,484.4 crore during the fiscal under review, up from Rs 2,096.6 crore in FY25. ...Less

The figure was calculated by dividing each company’s value equally among its founders and adding only the ...More

The figure was calculated by dividing each company’s value equally among its founders and adding only the share of those who grew up in India. If one of four founders of a $10-billion company met that definition, $2.5 billion was counted. It does not represent actual shareholdings or personal wealth. The 205 companies had a total valuation of $1.09 trillion. ...Less

Rohit Sharma’s entertainment debut,Family Full House with Rohit Sharma, has signed eight sponsors ahead o ...More

Rohit Sharma’s entertainment debut,Family Full House with Rohit Sharma, has signed eight sponsors ahead of its premiere on Sony Entertainment Television and Sony LIV. Skoda, PhonePe and Google Search AI Mode are among the top sponsors, as Sony looks to leverage Sharma’s popularity and the family-game format for brand integrations. ...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

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

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

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

Discussions are underway to tighten digital gold rules, requiring physical bullion backing for every unit ...More

Discussions are underway to tighten digital gold rules, requiring physical bullion backing for every unit. The government is considering joint oversight by the Reserve Bank of India and Sebi. Digital gold, managing approximately three billion dollars in assets, is seen as an unregulated segment. Stakeholders agree that bringing this popular product under regulatory supervision is urgently needed. ...Less

Digital payment charges are necessary for service efficiency and wider reach. Person-to-person and small ...More

Digital payment charges are necessary for service efficiency and wider reach. Person-to-person and small transactions remain free from new fees. This move supports competition and prevents market dominance by large corporations. Merchants are mandated not to pass these charges onto customers. The digital payments ecosystem requires investment for continued growth and innovation. ...Less

PhonePe has shared its ambitious ten-year strategy aimed at transforming India's digital landscape and pr ...More

PhonePe has shared its ambitious ten-year strategy aimed at transforming India's digital landscape and promoting financial inclusion. By eliminating obstacles like the necessity for smartphones or bank accounts, the company plans to facilitate broader access to digital finance. With innovative solutions like UPI 123Pay and UPI Circle, PhonePe is also making wealth building simpler through daily savings and investment choices, while enhancing credit availability and equipping merchants with advanced tools. ...Less

The Unified Payments Interface (UPI) processed 24.51 billion transactions worth Rs 29.82 lakh crore in Au ...More

The Unified Payments Interface (UPI) processed 24.51 billion transactions worth Rs 29.82 lakh crore in August, according to data from the National Payments Corporation of India (NPCI). Executives said agentic commerce could sit above these rails, but would require verifiable customer mandates, links across banks and merchants, spending limits and audit trails for errors or disputes. ...Less

Announced at Global Fintech Fest 2026, the partnership positions PhonePe as India’s first app to offer a ...More

Announced at Global Fintech Fest 2026, the partnership positions PhonePe as India’s first app to offer a unified suite of Visa-powered cardless payment solutions for consumers and micro-merchants. ...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

The company has received a licence from the Central Bank of UAE and will soon be operationalising the sam ...More

The company has received a licence from the Central Bank of UAE and will soon be operationalising the same, its founder Sameer Nigam told reporters on the sidelines of the annual Global Fintech Festival here. Through the licence, PhonePe will be able to undertake a slew of activities, including the launch its own wallet, gift card, remittance services for the diaspora and also do local merchant acquiring, he added. ...Less

PhonePe's Rahul Chari dismissed card tokenization security concerns, stating no fraud is enabled. The com ...More

PhonePe's Rahul Chari dismissed card tokenization security concerns, stating no fraud is enabled. The company launched three new payment solutions with Visa at the Global Fintech Festival. PhonePe now offers Cross Border Scan to Pay for international transactions. It also enables micro-merchants to accept card payments using its Smart Accept solution. Consumers can now make credit card payments using their phones at small merchants. ...Less

At Global Fintech Fest 2026, PhonePe founder‑CEO Sameer Nigam framed the company’s first ten years as the ...More

At Global Fintech Fest 2026, PhonePe founder‑CEO Sameer Nigam framed the company’s first ten years as the construction of India’s financial rails and unveiled a second act tied to a single question: whose progress still remains outside the frame? ...Less

The PB Fintech-owned marketplace, which added fixed deposits and bonds last year, currently gets around t ...More

The PB Fintech-owned marketplace, which added fixed deposits and bonds last year, currently gets around two-thirds of its revenue from unsecured credit and a third from secured products. It is now looking to build a wealth business, comprising mutual funds, bonds and deposits, as another revenue stream. ...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

Seed round led by Zeropearl VC will support two new centres in Delhi NCR, expansion of specialist teams a ...More

Seed round led by Zeropearl VC will support two new centres in Delhi NCR, expansion of specialist teams and technology-led patient care ...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

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

At Global Fintech Fest 2026, PhonePe co-founder and CPTO Rahul Chari laid out an AI philosophy built on i ...More

At Global Fintech Fest 2026, PhonePe co-founder and CPTO Rahul Chari laid out an AI philosophy built on intent-led experiences, engineering scale and operational efficiency. ...Less

This comes after a Monday notificationfrom the Department of Financial Services that narrowed the zero-ch ...More

This comes after a Monday notificationfrom the Department of Financial Services that narrowed the zero-charge mandate for UPI. The earlier notification barred banks and payment system providers from levying a direct or indirect charge on UPI transactions, irrespective of value. The revised notification retains that protection only for transactions of up to Rs 2,000. ...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

A comparative study of daily, weekly, and monthly SIPs across 5 active equity fund categories and 5 time ...More

A comparative study of daily, weekly, and monthly SIPs across 5 active equity fund categories and 5 time horizons offers a clear answer. ...Less

Happy Wednesday! The NPCI has announced charges on select UPI merchant payments. This and more in today's ...More

Happy Wednesday! The NPCI has announced charges on select UPI merchant payments. This and more in today's ETtech Morning Dispatch. ...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

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

Agentic commerce refers to AI-led shopping where software can search, compare, order, and pay on a user’s ...More

Agentic commerce refers to AI-led shopping where software can search, compare, order, and pay on a user’s behalf. The National Payments Corporation of India (NPCI) is preparing the proposed Unified Agent Protocol to establish identity, consent, and accountability for agents transacting over the Unified Payments Interface (UPI). ...Less

In an exclusive conversation with The Economic Times, PhonePe’s Karthik Raghupathy explained how PulsePro ...More

In an exclusive conversation with The Economic Times, PhonePe’s Karthik Raghupathy explained how PulsePro was born out of demand for postal code-level analysis, deeper merchant-category insights and richer consumer demographic information. ...Less

FIIs are increasingly turning to India’s primary market even as they withdraw heavily from listed stocks. ...More

FIIs are increasingly turning to India’s primary market even as they withdraw heavily from listed stocks. Foreign investors have pulled nearly Rs 2.8 lakh crore from the secondary market in 2026 but invested over Rs 47,000 crore in IPOs. The shift reflects a preference for new sectors, large allocations at predetermined prices and greater control over entry costs. ...Less

India's NPCI is examining protocols for AI agent identification within the UPI ecosystem. This move aims ...More

India's NPCI is examining protocols for AI agent identification within the UPI ecosystem. This move aims to enable autonomous payments on the world's largest retail fast-payment network. The framework will allow AI agents to make small digital payments without user approval. Existing UPI capabilities will be built upon to support these agentic payments. ...Less

Happy Friday! With a fee on UPI set to come into the picture soon, issuing banks are poised to claim the ...More

Happy Friday! With a fee on UPI set to come into the picture soon, issuing banks are poised to claim the biggest slice. This and more in today’s ETtech Morning Dispatch. ...Less

Flipkart has launched a standalone app for its quick commerce unit Minutes. This and more in today’s ETte ...More

Flipkart has launched a standalone app for its quick commerce unit Minutes. This and more in today’s ETtech Top 5. ...Less

PhonePe has unveiled UPI 123Pay, a new service for feature phone users that enables seamless transactions ...More

PhonePe has unveiled UPI 123Pay, a new service for feature phone users that enables seamless transactions without an internet connection. The initiative targets more than 200 million users, helping expand access to digital payments across India. It supports both peer-to-peer and merchant payments using mobile numbers or UPI IDs, with future updates expected to include bill payments and mobile recharges. ...Less

India's primary market is gearing up for a significant evolution, marked by a thriving IPO pipeline. With ...More

India's primary market is gearing up for a significant evolution, marked by a thriving IPO pipeline. With a stunning Rs 4.67 lakh crore poised from both approved and submitted IPOs, companies are eager to connect with investors. As capital reallocates towards quality and reasonable valuations, the success of key IPOs is set to sway overall market sentiment. ...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

PhonePe has launched a UPI app for feature phones, allowing users to make payments without mobile data. T ...More

PhonePe has launched a UPI app for feature phones, allowing users to make payments without mobile data. The SMS-based PhonePe UPI 123Pay comes pre-installed on select Nokia, HMD, Lava and itel devices. The move targets India’s large feature-phone user base as UPI continues to see record transaction volumes. ...Less

A weak start does not necessarily mean an SIP will deliver poor long-term returns. A 20-year analysis by ...More

A weak start does not necessarily mean an SIP will deliver poor long-term returns. A 20-year analysis by ShareMarket by PhonePe shows that most five-year SIPs recovered from weak or negative returns in the first two years, with nearly 69% eventually delivering double-digit annualised returns. The data also highlights how extending the investment horizon to seven or 10 years can significantly reduce loss risk and improve return consistency, underscoring the importance of patience and compounding in equity SIPs. ...Less

In the past six months, smallcap mutual funds have delivered excellent returns, prompting investors to re ...More

In the past six months, smallcap mutual funds have delivered excellent returns, prompting investors to reassess their future investment plans. Experts recommend maintaining a careful allocation to small-cap funds, suggesting that any additional investments should be made gradually in the forthcoming months. Investors should prioritize consistent and methodical allocation instead of impulsively pursuing market rallies. ...Less

Data released by the National Payments Corporation of India (NPCI) showed transaction volumes rose 3.6% f ...More

Data released by the National Payments Corporation of India (NPCI) showed transaction volumes rose 3.6% from 23.66 billion in July, while the value of transactions dipped marginally month-on-month. ...Less

Skydo co-founder Movin Jain says fintechs together account for only 1-2% of the market, making category c ...More

Skydo co-founder Movin Jain says fintechs together account for only 1-2% of the market, making category creation a bigger priority than competing on price. ...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

While leading payment companies have launched such frameworks in the U.S., Europe, Singapore and Australi ...More

While leading payment companies have launched such frameworks in the U.S., Europe, Singapore and Australia, a rollout on the popular Unified Payments Interface would also put India among the first countries to have a national infrastructure ⁠for ⁠agentic AI payments. ...Less

Under its collaboration with DPIIT, PhonePe will provide DPIIT-recognised startups with a range of benefi ...More

Under its collaboration with DPIIT, PhonePe will provide DPIIT-recognised startups with a range of benefits, including transaction credits through its payment gateway, access to the Indus AppStore, dedicated onboarding and support services, and opportunities for enhanced brand visibility. ...Less

Young investors are embracing Systematic Investment Plans for disciplined wealth creation. Data shows a s ...More

Young investors are embracing Systematic Investment Plans for disciplined wealth creation. Data shows a significant rise in SIPs among those under thirty years old. Fintech platforms are observing increased SIP adoption across various asset classes. Parents are also initiating SIPs for their children's future education needs. This growing SIP habit faces challenges from market volatility and investor education. ...Less

This Raksha Bandhan 2026, consider the thoughtful gift of a mutual fund SIP to nurture long-term wealth. ...More

This Raksha Bandhan 2026, consider the thoughtful gift of a mutual fund SIP to nurture long-term wealth. This investment approach fosters consistent saving, allowing your funds to compound impressively over time. A small monthly contribution can accumulate into a substantial amount in fifteen years. Selection of the appropriate fund type should reflect your sibling's financial goals and current investments. ...Less

As AI capabilities become more deeply embedded across products and platforms, the interface itself become ...More

As AI capabilities become more deeply embedded across products and platforms, the interface itself becomes less visible. What matters is whether people can express what they want to do, in their own language, in their own way, and get the result they are looking for. ...Less

India lacks a transparent framework for public scrutiny of lobbying efforts. The recent debate over UPI m ...More

India lacks a transparent framework for public scrutiny of lobbying efforts. The recent debate over UPI merchant discount rates highlights this significant gap. A proposed Regulatory Advocacy and Market Access Act would mandate disclosure. This act aims to distinguish evidence from advocacy and domestic from foreign interests. Such transparency is crucial for informed policy-making and public trust. ...Less

The Economic Times AI Business Transformation Masterclass & ET Most Innovative AI Product Awards 2026 bri ...More

The Economic Times AI Business Transformation Masterclass & ET Most Innovative AI Product Awards 2026 brings together leaders from NVIDIA, PepsiCo, IndusInd Bank, PhonePe, Pine Labs, Gnani AI, Perceptyne Robots and Shadowfax to examine how AI is being deployed across enterprise infrastructure, financial services, commerce, supply chains, voice and robotics. ...Less

With its latest feature, PhonePe now allows users to easily invest in daily recurring deposits via its us ...More

With its latest feature, PhonePe now allows users to easily invest in daily recurring deposits via its user-friendly app. Starting investments is as easy as contributing Rs 100 daily through UPI AutoPay. Additionally, the app simplifies the digital handling of fixed deposits, which are secured up to Rs 5 lakh under the DICGC scheme. Best of all, users can withdraw their funds whenever they choose. ...Less

India’s 50 listed, institutionally backed new-age companies are now worth $165 billion, but performance r ...More

India’s 50 listed, institutionally backed new-age companies are now worth $165 billion, but performance remains sharply divided. A growing listed universe is giving venture investors clearer exit routes and private companies more valuation benchmarks. Public-market discipline is also influencing late-stage funding and forcing companies such as PhonePe and Zepto to rethink IPO valuations. ...Less

Happy Wednesday! India’s new-age companies are gaining ground in public markets as more startups go publi ...More

Happy Wednesday! India’s new-age companies are gaining ground in public markets as more startups go public. This and more in today’s ETtech Morning Dispatch. ...Less

Three mainboard IPOs from 2026, Omnitech Engineering, SEDEMAC Mechatronics and Shadowfax Technologies, ha ...More

Three mainboard IPOs from 2026, Omnitech Engineering, SEDEMAC Mechatronics and Shadowfax Technologies, have emerged as multibaggers, gaining over 100% from issue prices. With 44 mainboard debuts raising Rs 67,185.6 crore so far, analysts say sustained momentum will depend on earnings execution and broader secondary market performance. ...Less

Navi reported a notable increase in net losses for FY26, largely attributed to its strategic investments ...More

Navi reported a notable increase in net losses for FY26, largely attributed to its strategic investments in UPI and new market initiatives. Despite this setback, the company projects a turnaround to profitability in FY27. UPI is recognised as a vital mechanism for attracting customers, and lending remains a core source of revenue. ...Less

PhonePe cofounder and chief executive, Sameer Nigam, and Razorpay cofounder and chief executive, Harshil ...More

PhonePe cofounder and chief executive, Sameer Nigam, and Razorpay cofounder and chief executive, Harshil Mathur, have argued in favour of a sustainable business model that echoes the position of the Payments Council of India (PCI). The industry association has sought to separate free everyday payments from charges on select merchant transactions to ensure commercial viability of the service. ...Less

PhonePe and Razorpay leaders affirmed UPI payments will stay free for consumers. They support sustainable ...More

PhonePe and Razorpay leaders affirmed UPI payments will stay free for consumers. They support sustainable revenue models for payment infrastructure and businesses. Larger businesses may face merchant charges, while small merchants remain exempt. This follows parliamentary approval to allow charges on digital payment modes. Future charges will be borne by businesses, not by customers. ...Less

PhonePe Mutual Funds onboarded over 500,000 unique investors into its Daily SIP product. Nearly seventy-s ...More

PhonePe Mutual Funds onboarded over 500,000 unique investors into its Daily SIP product. Nearly seventy-seven percent of these customers came from tier-two and tier-three cities. Daily SIP transactions increased nearly five-fold between January and June 2026. Younger investors aged eighteen to twenty-nine formed fifty-eight percent of the investor base. This feature allows small, regular contributions, aligning with daily cash flows. ...Less

A man lost Rs 9,854 after falling for a fake UPI cashback scratch card scam. Federal Bank initially refun ...More

A man lost Rs 9,854 after falling for a fake UPI cashback scratch card scam. Federal Bank initially refunded the amount as required under RBI guidelines, then quietly reversed the credit weeks later, blaming the customer. A Kerala consumer commission has now ordered the bank to restore the full amount along with Rs 5,000 in compensation and Rs 3,000 in costs, ruling the bank failed to prove any negligence on the customer's part. ...Less

PhonePe has launched PhonePe PulsePro, an enterprise intelligence platform that converts aggregated and a ...More

PhonePe has launched PhonePe PulsePro, an enterprise intelligence platform that converts aggregated and anonymised digital transaction data into hyperlocal, near real-time market insights. Built on PhonePe's payments network of 700 million users and 50 million merchants, the company said PulsePro will help businesses improve expansion planning, site selection, distribution strategy and category growth while tracking consumer behaviour and economic activity across India. ...Less

In an impressive funding round, Shiprocket has garnered ₹727 crore from anchor investors in anticipation ...More

In an impressive funding round, Shiprocket has garnered ₹727 crore from anchor investors in anticipation of its IPO. Esteemed domestic and global financial institutions participated in this initiative. The company targets raising ₹1,617 crore through its initial public offering, intending to channel the proceeds into marketing endeavors and tech enhancements, all while moving forward amid a challenging landscape for new-age companies. ...Less

Shiprocket is set to make its much-anticipated stock market debut on August 19, following a strong respon ...More

Shiprocket is set to make its much-anticipated stock market debut on August 19, following a strong response to its initial public offering (IPO) which attracted interest from investors across the board. This offering is about 30% smaller than what was initially envisioned. Selling shareholders include Lightrock and the company's cofounders. ...Less

PhonePe's revenue grew while its net loss widened significantly in FY26. Paytm's revenue increased and it ...More

PhonePe's revenue grew while its net loss widened significantly in FY26. Paytm's revenue increased and it achieved profitability against a prior year loss. Paytm's cost management and financial services distribution drove its faster monetization. PhonePe's UPI dominance offers distribution but faces monetization challenges. Future growth for PhonePe hinges on operational efficiency and product diversification. ...Less

This comes ahead of Shiprocket's IPO launch on August 12. The public issue, which is Rs 1,617 crore in si ...More

This comes ahead of Shiprocket's IPO launch on August 12. The public issue, which is Rs 1,617 crore in size, will value the Temasek and Bertelsmann-backed company at Rs 7,056 crore post money. ...Less

Walmart-owned fintech company PhonePe has posted an 11% increase in its operating revenue for fiscal 2026 ...More

Walmart-owned fintech company PhonePe has posted an 11% increase in its operating revenue for fiscal 2026 at Rs 7,920 crore. Its net loss, however surged 62% during the year to Rs 2,792 crore, according to regulatory documents sourced from Tofler. ...Less

PCI said small merchants, including kirana stores, should not be charged for accepting UPI payments. Any ...More

PCI said small merchants, including kirana stores, should not be charged for accepting UPI payments. Any merchant service charge would be a commercial arrangement between merchants and payment providers, not a charge on customers. ...Less

TCS shares fell nearly 4% after N Chandrasekaran resigned as Tata Sons chairman, wiping ₹35,000 crore fro ...More

TCS shares fell nearly 4% after N Chandrasekaran resigned as Tata Sons chairman, wiping ₹35,000 crore from its market value. Analysts called the reaction knee-jerk, while technical indicators point to support near ₹2,000–2,300 and resistance at ₹2,670–2,700. ...Less

Seven of 17 new-economy stocks that debuted at a premium to their issue prices now trade below them, an E ...More

Seven of 17 new-economy stocks that debuted at a premium to their issue prices now trade below them, an ET analysis of 27 companies showed. Four of the seven stocks that opened below their issue prices have since moved above them. The remaining three opened at their issue prices. ...Less

Happy Monday! Inflation and pricier inputs may take some shine off this year's ecommerce festive sales. T ...More

Happy Monday! Inflation and pricier inputs may take some shine off this year's ecommerce festive sales. This and more in today’s ETtech Morning Dispatch. ...Less

The Indian government is likely to roll out regulations for digital gold in the coming year, backed by di ...More

The Indian government is likely to roll out regulations for digital gold in the coming year, backed by discussions involving critical ministries and the Reserve Bank of India. The Digital Precious Metals Assurance Council of India is playing a pivotal role in this process. The objective is to ensure consumer protection and counteract fraud as the digital gold market expands, inspired by successful models from abroad. ...Less

NPCI plans to expand UPI internationally by targeting countries with large Indian diaspora populations, w ...More

NPCI plans to expand UPI internationally by targeting countries with large Indian diaspora populations, with CEO Dilip Asbe saying it could enter 15-20 markets over the next decade. NPCI is in talks with Japan, Malaysia and Bahrain, while exploring AI-enabled payments and building on UPI’s presence in nine countries. ...Less

Happy Tuesday! Ola’s AI startup Krutrim has conducted another round of layoffs, sources told us. This and ...More

Happy Tuesday! Ola’s AI startup Krutrim has conducted another round of layoffs, sources told us. This and more in today’s ETtech Morning Dispatch. ...Less

Building a Rs 10 crore retirement fund in twenty years demands early and consistent monthly investments. ...More

Building a Rs 10 crore retirement fund in twenty years demands early and consistent monthly investments. An investor can start with Rs 53,700 monthly and increase contributions by ten percent annually. Factoring in inflation requires a higher starting SIP of Rs 85,000 with annual increases. Equity mutual funds, particularly flexi-cap and mid-cap, are recommended for aggressive investors. Consistent investing over two decades is the most crucial factor for reaching financial goals. ...Less

Tata Group’s combined market value has grown 3.3-fold to Rs 22.5 lakh crore since N Chandrasekaran took c ...More

Tata Group’s combined market value has grown 3.3-fold to Rs 22.5 lakh crore since N Chandrasekaran took charge in 2017. With his exit set for February, investors now face a key question: can Tata stocks sustain their strong wealth creation amid leadership uncertainty and growing company-specific challenges? ...Less

State Bank of India chairman admits missing digital payments bus, while YONO app attempts to catch up. Ba ...More

State Bank of India chairman admits missing digital payments bus, while YONO app attempts to catch up. Banks and fintech firms argue UPI merchant payments may soon incur charges. UPI processes billions of transactions monthly, with rising infrastructure and cybersecurity costs. SBI reported a 13.73% rise in consolidated net profit for the June quarter. ...Less

SBI chairman CS Setty said banks cannot separately quantify the operating costs linked to rising UPI volu ...More

SBI chairman CS Setty said banks cannot separately quantify the operating costs linked to rising UPI volumes. As debate over merchant charges intensifies, SBI is pushing customers towards Yono for UPI payments. Industry leaders back limited MDR, with proposed charges aimed at large merchants while keeping consumer and person-to-person payments free. ...Less

Ola Electric’s auditor has raised a red flag in the company’s Q1 results. This and more in today’s ETtech ...More

Ola Electric’s auditor has raised a red flag in the company’s Q1 results. This and more in today’s ETtech's Top 5. ...Less

India's fintechs are looking beyond their core businesses as growth normalises and investors seek more pr ...More

India's fintechs are looking beyond their core businesses as growth normalises and investors seek more predictable revenue. Groww, Paytm, Pine Labs and Kissht are using networks to add products and reduce exposure to low payment monetisation, market cycles and unsecured credit. ...Less