Pine Labs shares rose sharply on Thursday after the fintech company reported a 543% year-on-year jump in ...More

Pine Labs shares rose sharply on Thursday after the fintech company reported a 543% year-on-year jump in Q2 FY27 net profit to Rs 38.6 crore. Revenue rose 24% to Rs 806.2 crore, while EBITDA increased 67.3%. Growth in payments, UPI transactions and international markets supported performance as the company expands into AI-led commerce. ...Less

Pine Labs has shown impressive growth with a net profit reaching Rs 38.57 crore in the September quarter. ...More

Pine Labs has shown impressive growth with a net profit reaching Rs 38.57 crore in the September quarter. The company's revenue from operations jumped by 24%, totaling Rs 806.19 crore. With 2.29 billion transactions processed, up by 22%, and revenue from digital infrastructure increasing by 21%, Pine Labs is clearly leveraging its innovative strategies to drive improved profitability through effective working capital management and new product offerings. ...Less

These providers connect lenders to licensed account aggregators, which share bank records with customers' ...More

These providers connect lenders to licensed account aggregators, which share bank records with customers' permission. TSPs supply software that helps lenders use those records to assess income, spending and loan repayments. An email from a lender, seen by ET, flagged uncertainty over how existing technology contracts will be treated. ...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

Mutual funds steadily increased their holdings in 39 BSE midcap stocks for three consecutive quarters thr ...More

Mutual funds steadily increased their holdings in 39 BSE midcap stocks for three consecutive quarters through September 2026. While five stocks gained 15–75% in CY26, several others declined sharply despite continued institutional buying. ...Less

Indian markets witnessed a downturn on Wednesday, prompted by significant selling in banking stocks. Afte ...More

Indian markets witnessed a downturn on Wednesday, prompted by significant selling in banking stocks. After showing initial promise, the Nifty 50 index dropped by 77.60 points to close at 22,811.35. Reliance Industries celebrated a reaffirmation from ICRA concerning its non-convertible debenture program, valued at Rs 12,000 crore. Eternal also reported impressive year-on-year growth in Q2 revenue and net profits. ...Less

Multiple headwinds continue to hit the market, and there is no sign that things will change anytime soon. ...More

Multiple headwinds continue to hit the market, and there is no sign that things will change anytime soon. In these circumstances, the chances are high that the bears will continue to dominate the street. ...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

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

From November 1, lenders will pay basic sharing fees split among banks, licensed account aggregators and ...More

From November 1, lenders will pay basic sharing fees split among banks, licensed account aggregators and Sahamati, the self-regulatory organisation and industry alliance for the network recognised by the Reserve Bank of India. Banks’ payments become linked to service performance from December 1. ...Less

The fund, named Longshot Capital, has secured commitments of about Rs 300 crore and is targeting its firs ...More

The fund, named Longshot Capital, has secured commitments of about Rs 300 crore and is targeting its first close in January 2027, following which it plans to begin investing, the people said. Fundraising discussions are continuing, and the size and timing of the first close could change. ...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

NPCI framework, announced on September 15, was scheduled to take effect on October 15. It prescribed a 0. ...More

NPCI framework, announced on September 15, was scheduled to take effect on October 15. It prescribed a 0.4% fee on eligible bank account-funded merchant payments above Rs 2,000, capped at Rs 300 per transaction. ...Less

Indian equities ended lower on Wednesday, primarily driven by selling in heavyweight stocks. Information ...More

Indian equities ended lower on Wednesday, primarily driven by selling in heavyweight stocks. Information technology and oil and gas shares experienced significant declines, falling more than 2%. The Nifty 50 index settled at 22,699, down 51 points, indicating ongoing resistance at 22,800. Several companies, including Jio Platforms and Hero MotoCorp, reported their quarterly earnings that impacted market sentiment. ...Less

There is really no doubt about what will happen in the short term. It is going to be tough. Trying to gue ...More

There is really no doubt about what will happen in the short term. It is going to be tough. Trying to guess the exact day when things will improve is a waste of effort. But a frightened market is exactly when it helps to look the other way. Because markets go too far in both directions, not only the one that is hurting today. ...Less

Why should one be careful of the market at this juncture? One reason is that stocks are still not cheap. ...More

Why should one be careful of the market at this juncture? One reason is that stocks are still not cheap. Even after all the nervousness of the past over two years, valuations have not come down to levels where you can say you are getting a bargain. When you buy something that is not cheap, you have less room for error, because the price already assumes things will go well. ...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

Founded in September 2025 by Aman Mittal, a former executive at Flipkart and Pine Labs, and Shavir Bansal ...More

Founded in September 2025 by Aman Mittal, a former executive at Flipkart and Pine Labs, and Shavir Bansal, who started personal finance content platform Bekifaayati, Zomint is targeting young millennials whose investable corpus is below the threshold typically served by traditional wealth management firms. ...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

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

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

Sensex and Nifty snapped their eight-week losing streak on Friday, surging over 1% as IT stocks rallied a ...More

Sensex and Nifty snapped their eight-week losing streak on Friday, surging over 1% as IT stocks rallied and crude prices eased. The rebound added more than Rs 4 lakh crore to BSE-listed companies’ market capitalisation, while positive market breadth favoured bulls. ...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

Pine Labs has announced a partnership with Google Cloud to support Indian merchants in future AI-driven c ...More

Pine Labs has announced a partnership with Google Cloud to support Indian merchants in future AI-driven commerce. The collaboration aims to assist small and medium businesses by using Google Cloud's Gemini AI technology. Pine Labs is developing tools that automate marketing and streamline payment systems for these merchants. ...Less

Pine Labs shares gained after Motilal Oswal initiated coverage with a Buy rating and a Rs 250 target, imp ...More

Pine Labs shares gained after Motilal Oswal initiated coverage with a Buy rating and a Rs 250 target, implying 30% upside. The brokerage sees the merchant commerce platform benefiting from multiple monetisation avenues, with affordability, digital payments and issuing businesses driving growth. DITP is expected to remain its largest revenue contributor. ...Less

Mastercard Asia Pacific is approximately selling its entire Pine Labs stake. This block deal involves 49. ...More

Mastercard Asia Pacific is approximately selling its entire Pine Labs stake. This block deal involves 49.7 million shares valued up to Rs 892.5 crore. The transaction floor price is set at Rs 179.50 per share. Citigroup Global Markets India is managing the placement as the sole agent. The deal is expected to settle on September 23. ...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

Mastercard Asia Pacific may sell up to 49.7 million Pine Labs shares, representing 4.3% of the fintech co ...More

Mastercard Asia Pacific may sell up to 49.7 million Pine Labs shares, representing 4.3% of the fintech company, through a Rs 892.5 crore block deal. Priced at Rs 179.50 per share, the secondary sale is scheduled for September 22. ...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

In the short term, be ready for volatility, and do not mistake the passing of one big event for an all-cl ...More

In the short term, be ready for volatility, and do not mistake the passing of one big event for an all-clear. In the long term, give up trying to guess when the storm will end. That is not something anyone can do. ...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

Payment companies can build the customer interface, but a product cannot scale until issuing and acquirin ...More

Payment companies can build the customer interface, but a product cannot scale until issuing and acquiring banks connect their systems, test the transaction flow and install the required controls. Under zero MDR, this work generated costs without transaction-linked revenue for banks and often received lower priority, industry executives said. ...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

What is needed in the markets these days is realism. Not fear or gloom, but a clear-eyed acceptance of wh ...More

What is needed in the markets these days is realism. Not fear or gloom, but a clear-eyed acceptance of where things actually stand. Realism means not hoping for things facts do not support. It means accepting that the next few months may be difficult: That earnings may disappoint, that prices may fall further. It also means planning for such a scenario instead of just hoping that it will go away. ...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

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

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

Indian stock markets closed higher on Monday, with the Nifty 50 and BSE Sensex gaining points. Several co ...More

Indian stock markets closed higher on Monday, with the Nifty 50 and BSE Sensex gaining points. Several companies, including ONGC and Canara Bank, are expected to be active on Tuesday. ONGC announced a gas discovery in the Mahanadi Offshore Basin, while Canara Bank received a rating from Moody’s. Lloyds Metals and Energy approved capacity expansion, and Suryoday Small Finance Bank plans to raise funds. ...Less

The Indian stock market closed lower on Tuesday, with profit-taking affecting investor sentiment. Adani G ...More

The Indian stock market closed lower on Tuesday, with profit-taking affecting investor sentiment. Adani Group companies resolved their SEBI adjudication issues tied to potential infractions. Focus turned to oil marketing firms in light of a sharp fall in crude oil prices. Persistent Systems expanded its stake in Nagarro, eyeing a potential delisting, alongside numerous companies announcing expansion and corporate milestones. ...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

Indian equities reversed morning gains on Tuesday, with Sensex falling 330 points and Nifty closing lower ...More

Indian equities reversed morning gains on Tuesday, with Sensex falling 330 points and Nifty closing lower after sharp volatility during the closing auction session. F&O expiry, foreign outflows, geopolitical uncertainty, IT pressure and elevated crude prices weighed on market sentiment. ...Less

Over a five-year period, thirteen stocks within the Nifty index adversely affected its overall performanc ...More

Over a five-year period, thirteen stocks within the Nifty index adversely affected its overall performance, resulting in negative returns for these specific laggards. Conversely, the Nifty 50 index itself witnessed gains. Had these underperforming stocks been excluded, the index's returns would have been significantly enhanced. Active mutual funds, benefiting from reduced exposure to these stocks, ultimately outperformed the Nifty 50, highlighting the advantage for actively managed funds during this timeframe. ...Less

As long as a stock's price remains above its 200-day moving average on the daily timeframe, it is general ...More

As long as a stock's price remains above its 200-day moving average on the daily timeframe, it is generally interpreted as being in an overall uptrend. ...Less

Investor enthusiasm surged on the final day of the National Stock Exchange's landmark IPO, with qualified ...More

Investor enthusiasm surged on the final day of the National Stock Exchange's landmark IPO, with qualified institutional buyers oversubscribing their segment by more than twelve times. Retail interest was also robust, nearly doubling their intended allocation. The shares are set to debut on the BSE on September twenty-fourth, marking the end of a lengthy journey that included prior regulatory hurdles. ...Less

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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

Sterling and Wilson Renewable Energy shares surged nearly 8% on Tuesday to Rs 186.66 after winning domest ...More

Sterling and Wilson Renewable Energy shares surged nearly 8% on Tuesday to Rs 186.66 after winning domestic and international orders exceeding Rs 985 crore. The orders include a 534.3 MWp solar project in Rajasthan and a 616 MWh energy storage capacity project in South Africa. ...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

The NPCI has unveiled a new merchant discount rate that introduces a 0.4% fee for UPI person-to-merchant ...More

The NPCI has unveiled a new merchant discount rate that introduces a 0.4% fee for UPI person-to-merchant transactions exceeding Rs 2000. This policy change has elicited mixed reactions from industry leaders. While some view it as a step toward enhancing financial sustainability within the digital payments landscape, others raise concerns about its potential effects on investment and trading activities. ...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

Indian equities closed higher on Wednesday, with Sensex gaining 299 points and Nifty rising 118 points as ...More

Indian equities closed higher on Wednesday, with Sensex gaining 299 points and Nifty rising 118 points as crude prices eased below $99. Broader markets outperformed, while metals and banking stocks led gains amid stronger domestic growth signals and positive market breadth. ...Less

On Monday, Indian equity markets experienced a positive turn, with the Nifty 50 index rising due to a dip ...More

On Monday, Indian equity markets experienced a positive turn, with the Nifty 50 index rising due to a dip in crude oil prices and widespread purchasing among investors. While foreign portfolio investors sold off shares, domestic institutional players significantly increased their stakes. The Indian Rupee showed strength, aided by the lower crude oil rates. ...Less

Around two dozen companies must launch their IPOs by September 30. These firms need to start the share sa ...More

Around two dozen companies must launch their IPOs by September 30. These firms need to start the share sale process or refile offer documents. Approvals for at least 23 companies, seeking ₹40,775 crore, expire this month. Companies have one year from Sebi approval to launch their issues. Refiling would add significant costs and delays to fundraising plans. ...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

As long as a stock's price remains above its 200-day moving average on the daily timeframe, it is general ...More

As long as a stock's price remains above its 200-day moving average on the daily timeframe, it is generally interpreted as being in an overall uptrend. ...Less

Indian equities extended their recovery, with Nifty gaining 0.33% as moderation in crude and global yield ...More

Indian equities extended their recovery, with Nifty gaining 0.33% as moderation in crude and global yields supported sentiment. Sensex slipped 0.03%, while broader markets outperformed. Here are 10 key factors that could influence Friday’s market action. ...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

Pine Labs, Angel One, CDSL and Action Construction Equipment closed more than 2% above their volume-weigh ...More

Pine Labs, Angel One, CDSL and Action Construction Equipment closed more than 2% above their volume-weighted average prices on September 11, indicating strong intraday buying momentum. ...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

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

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 ended mixed on Thursday as Sensex slipped 22 points after sharp volatility during the clo ...More

Indian equities ended mixed on Thursday as Sensex slipped 22 points after sharp volatility during the closing auction session, while Nifty gained 53 points. Mid- and small-caps outperformed, with capital goods, industrial, defence, power and healthcare stocks attracting buying interest. ...Less

Karthik has held leadership roles at American Express, Citibank, Amazon, Tata, and Razorpay, where he wor ...More

Karthik has held leadership roles at American Express, Citibank, Amazon, Tata, and Razorpay, where he worked on scaling operations, improving operating models, and standardising end-to-end merchant journeys. He brings more than 25 years of experience across operations, risk, analytics, and technology. ...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

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

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

Indian markets reversed morning gains to plunge over 1% on Tuesday as surging oil prices, rising bond yie ...More

Indian markets reversed morning gains to plunge over 1% on Tuesday as surging oil prices, rising bond yields, global uncertainty and foreign outflows pressured sentiment. Nifty breached 23,231 support, while 2,824 NSE stocks declined, signalling strong bearish market breadth. ...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

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

On September 4, five stocks in the Nifty500 pack were highlighted in the RSI Trending Up scan, based on d ...More

On September 4, five stocks in the Nifty500 pack were highlighted in the RSI Trending Up scan, based on data from StockEdge. An uptrend signal occurs when the RSI value crosses above 50 from below, indicating strengthening momentum in the stock's price and potential upward movement. ...Less

Pine Labs has developed P3P, an autonomous payment protocol built on the Unified Payments Interface (UPI) ...More

Pine Labs has developed P3P, an autonomous payment protocol built on the Unified Payments Interface (UPI), under which buyer and seller agents can transact within regulatory guardrails. ...Less

Indian benchmark indices ended slightly higher on Friday, with the Sensex rising 363 points and Nifty clo ...More

Indian benchmark indices ended slightly higher on Friday, with the Sensex rising 363 points and Nifty closing below 23,898. Investors monitored global market cues, US economic data, and inflation reports, while stock-specific action drove intraday activity across major sectors in a sideways-moving market environment. ...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

Our technical analysts identify select stocks every trading day that may gain momentum even in volatile m ...More

Our technical analysts identify select stocks every trading day that may gain momentum even in volatile markets. Here are the technical calls for today. ...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

India’s startup ecosystem witnessed bigger funding rounds this week compared to the last. ...More

India’s startup ecosystem witnessed bigger funding rounds this week compared to the last. ...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

Indian equities extended their decline on Tuesday, with Sensex falling 555 points and Nifty ending below ...More

Indian equities extended their decline on Tuesday, with Sensex falling 555 points and Nifty ending below 23,650. Analysts cited elevated crude prices, Fed rate hike concerns and IPO fund absorption, while technical signals suggested 23,600 as key Nifty support. ...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

HR firm Xpheno categorised 79% of tech startups, such as Lending-Kart, Nykaa, Pinelabs, UrbanClap, Practo ...More

HR firm Xpheno categorised 79% of tech startups, such as Lending-Kart, Nykaa, Pinelabs, UrbanClap, Practo, Zoomcar, Grofers and ShareChat, as soonicorns. The report predicts that these companies will be doubling their aggregate headcount to 36,000 next year. ...Less

After a lull, things are again heating up in the US-Iran war. From sanctions, which drew the ire of China ...More

After a lull, things are again heating up in the US-Iran war. From sanctions, which drew the ire of China, to missiles, which are again flying in the Gulf skies. With crude oil prices heading north, another round of volatility is hitting the Indian market. But does that mean you cannot invest at this time? You can. But there is something really important to consider before deploying your hard-earned money. ...Less

The 12th edition of The Economic Times Startup Awards (ETSA) is approaching. Our esteemed jury will conve ...More

The 12th edition of The Economic Times Startup Awards (ETSA) is approaching. Our esteemed jury will convene in Bengaluru next week to pick the winners. Today, we revealed the most coveted categories of ETSA: Startup of the Year and Midas Touch, for the best investor. ...Less

The Indian market was under pressure on Thursday, particularly at the index level. Rising crude-oil price ...More

The Indian market was under pressure on Thursday, particularly at the index level. Rising crude-oil prices are an obvious concern, but domestic factors like selling and market repricing in select sectors may also be beginning to impact sentiment. Also, are there early indications that Indian equities will be charting their own course as compared to what is happening in the global markets? ...Less

Pine Labs' Setu platform has launched an "agentic" bill-payment experience in India, aiming to automate b ...More

Pine Labs' Setu platform has launched an "agentic" bill-payment experience in India, aiming to automate bill tracking and settlement to reduce consumer friction. This new tool addresses concerns about incorrect charges and missed due dates by fetching bills, spotting anomalies, and managing payments within user-defined limits. ...Less

The Indian stock market closed lower Thursday, with Sensex down 417 points and Nifty falling 41 points, p ...More

The Indian stock market closed lower Thursday, with Sensex down 417 points and Nifty falling 41 points, pressured by high oil prices, bond yields, and geopolitical tensions. Despite strong domestic growth, near-term market direction hinges on global risks and crude oil volatility. ...Less

Pine Labs share price: Fintech major Pine Labs debuted on the stock exchange with a 9.5% premium, listing ...More

Pine Labs share price: Fintech major Pine Labs debuted on the stock exchange with a 9.5% premium, listing at Rs 242. The Rs 3,900-crore IPO saw strong institutional demand, with QIBs subscribing 3.97 times. The company, a recognized merchant commerce platform, turned profitable in Q1 FY26, with IPO proceeds earmarked for debt repayment, technology investments, and expansion. ...Less

Merchant payments firm Pine Labs has secured Rs 1,753 crore from investors in its anchor placement round. ...More

Merchant payments firm Pine Labs has secured Rs 1,753 crore from investors in its anchor placement round. This funding is part of its larger IPO plan to raise Rs 3,900 crore. The company is targeting a post-money valuation of $2.9 billion. Pine Labs reported profits in the June quarter of FY26. ...Less

Here’s a look at the 10 stocks that witnessed the biggest drop in FII holding during the quarter. ...More

Here’s a look at the 10 stocks that witnessed the biggest drop in FII holding during the quarter. ...Less

Pine Labs shares surged after the company reported a significant turnaround, posting a Rs 59 crore net pr ...More

Pine Labs shares surged after the company reported a significant turnaround, posting a Rs 59 crore net profit in Q4FY26 against a loss last year. Full-year profits also swung to Rs 113 crore. Despite a recent share price dip, Morgan Stanley maintains an "Equal-weight" rating with a Rs 245 target, citing strong business growth. ...Less

Digital payments firm Pine Labs has announced its Rs 3,900 crore IPO, with shares priced between Rs 210 a ...More

Digital payments firm Pine Labs has announced its Rs 3,900 crore IPO, with shares priced between Rs 210 and Rs 221. The issue opens November 7, featuring a fresh issue and an offer for sale by major investors. Employee reservations and a discount are included. The valuation appears high compared to industry peers. ...Less

Pine Labs, whose main backer is venture capital firm Peak XV, offers full stack payment solutions includi ...More

Pine Labs, whose main backer is venture capital firm Peak XV, offers full stack payment solutions including point-of-sale machines to merchants for card payments and competes with Paytm and Walmart's PhonePe. ...Less

Pine Labs' Rs 3,900 crore IPO is open for subscription until November 11, with a price band of Rs 210-221 ...More

Pine Labs' Rs 3,900 crore IPO is open for subscription until November 11, with a price band of Rs 210-221 per share. The company, a leading merchant commerce platform, reported a strong financial turnaround in FY25, with revenue up 28% and improved EBITDA margins. Analysts recommend subscribing for long-term investment, citing its growth potential in the digital payments market. ...Less

Pine Labs plans to raise up to $700 million via IPO in October, scaling down from $1 billion earlier. Bac ...More

Pine Labs plans to raise up to $700 million via IPO in October, scaling down from $1 billion earlier. Backed by Mastercard and PayPal, the fintech firm eyes India’s digitization-driven boom despite reporting losses in FY24. ...Less

In the course of his professional journey spanning over 25 years, Naharas has held leadership positions a ...More

In the course of his professional journey spanning over 25 years, Naharas has held leadership positions across organisations including Reliance Retail, WalMart, Pepsi, PineLabs, and ShopClues. In his new role At ProcMart, Naharas will be responsible for developing business in India and overseas, building teams, and enhancing relationships with business leaders. ...Less

Pine Labs says this is the “first close” of an ongoing funding round, wherein it’s seen raising a further ...More

Pine Labs says this is the “first close” of an ongoing funding round, wherein it’s seen raising a further $100 million. Pine Labs’ valuation is pegged at over $3 billion, but the company did not disclose details. ...Less

According to people aware of its plans, Pine Labs is now looking to list in the US before the end of the ...More

According to people aware of its plans, Pine Labs is now looking to list in the US before the end of the first half of next year. ...Less

The first tranche of $75 million from Alpha Wave has already been disbursed, regulatory filings by the co ...More

The first tranche of $75 million from Alpha Wave has already been disbursed, regulatory filings by the company in Singapore show. The news of Pine Labs raising the first tranche was first reported by Dealstreet Asia. ...Less

Pine Labs serves over 150,000 merchants in India, the Middle East and Southeast Asia. The company has exp ...More

Pine Labs serves over 150,000 merchants in India, the Middle East and Southeast Asia. The company has expanded both organically and via acquisitions including consumer fintech platform Fave last year. ...Less

Pine Labs has achieved its first quarterly net profit of Rs 4.8 crore in the June quarter of FY26, fueled ...More

Pine Labs has achieved its first quarterly net profit of Rs 4.8 crore in the June quarter of FY26, fueled by robust operating revenue growth. The company's revenue for FY25 surged 28.5% to Rs 2,274 crore. With plans for an upcoming IPO, Pine Labs is targeting a valuation of $4-5 billion, processing billions in transactions. ...Less