Paytm
Paytm Q2 Results: Profit falls 98% to Rs 21 crore, revenue rises 24%
Paytm Q2 Results: Fintech firm Paytm reported a significant 98% drop in net profit to Rs 21 crore for Q2, despite a 24% rise in revenue to Rs 2061 crore. The company attributes revenue growth to increased subscription merchants and financial services distribution. Paytm plans to expand merchant offerings, grow financial services, and leverage AI for product innovation and market expansion.
Paytm Q2FY25 profit slumps 97% to Rs 21 crore on real-money gaming ban; revenue up 24%
Digital payments major Paytm reported a net profit of Rs 21 crore in the September quarter, down 97% from Rs 930 crore in the same period last year. The company’s operating revenue rose 24% year-on-year to Rs 2,061 crore, from Rs 1,659 crore last year. Overall expenses were trimmed to Rs 2,062 crore, compared to Rs 2,245 crore a year earlier.
The storytelling IPOs: What Lenskart and Groww can learn from the good and bad times of Zomato, Nykaa and Paytm
As Groww and Lenskart gear up for their IPOs, India’s startup listings enter a new phase where investors prize profits and execution over hype. The contrasting journeys of Zomato, Nykaa, and Paytm show that storytelling alone no longer drives success — sustainability does.
Mutual funds double stake in Paytm shares in just 6 quarters, but retail investors flee. Who's smart?
Indian mutual funds have more than doubled their stake in One97 Communications, Paytm’s parent, rising to 16.25% in September 2025 from 6.8% in June 2024, while retail investors trimmed holdings for the sixth consecutive quarter. The shift reflects renewed institutional confidence as Paytm’s stock more than doubled from record lows of Rs 609 in February 2024 to near Rs 1,300.
High beta stocks hit higher peaks and deeper troughs. Laurus Labs, Paytm shine with 99% gains, Trent, IRFC slip in double digits
An ETMarkets analysis of Ace Equity data shows high-beta stocks outperformed low-beta peers over the past year, with Laurus Labs and Paytm leading gains, while ABFRL, Siemens, and Tejas Networks saw steep declines. Low-beta counters like JSW Holdings and Manappuram Finance delivered steady double-digit returns.
Every dip a buying opportunity, Paytm, Coforge top bets: CA Rudramurthy BV
Market veteran CA Rudramurthy BV anticipates India's benchmark indices to reach new record highs, viewing market dips as buying opportunities. He highlights strong earnings, renewed FII buying, and easing global uncertainties as key drivers for the ongoing rally. Rudramurthy is particularly bullish on IT, PSU banks, OMCs, metals, and new-age tech platforms.
Shankar Sharma sees organised campaign against Lenskart. Explains why it is a steal vs Paytm, Zomato, others
Veteran investor Shankar Sharma defended Lenskart’s IPO valuation, calling it fair at ~10x sales versus other tech IPOs, while critics argue the eyewear firm’s market remains niche and limited.
BharatPe names ex-Paytm executive Ajit Kumar as CTO
Fintech firm BharatPe has appointed Ajit Kumar as its new Chief Technology Officer, effective October 23, 2025. Kumar, who previously served as Senior Vice President of Engineering at Paytm, brings over 19 years of experience in fintech. He will be responsible for leading BharatPe's technology strategy and innovation.
Lenskart IPO price sparks concern over Indian startup valuations
Lenskart's $821 million IPO sold out quickly, but its valuation has raised concerns about Indian startups being overvalued. Despite strong demand, analysts worry mutual funds are paying steep prices for unprofitable companies, echoing past IPO debacles like Paytm. While Lenskart's business is seen as scalable, its current valuation is considered 'stretched' by some.
Indian fintech firm Pine Labs pares IPO set to launch on November 7
Pine Labs, an Indian fintech company, has reduced its initial public offering size. Existing investors will sell fewer shares, and the company will raise less new capital. The IPO is scheduled for November 7 to November 11. This move comes as India sees a busy primary market with several other tech firms also planning listings.
Indian fintech firm Pine Labs pares IPO set to launch on November 7
Pine Labs, an Indian fintech company, has reduced its initial public offering size. Existing investors will sell fewer shares, and the company will raise less new capital. The IPO is scheduled for November 7 to November 11. This move comes as India sees a busy primary market with several other tech firms also planning listings.
Stocks in news: SBI, M&M, Airtel, Adani Enterprises, Power Grid
Indian markets showed stability, consolidating after October's gains. Corporate earnings and trade developments are now key drivers. Titan reported strong Q2 profit growth, while Bharti Airtel saw a significant jump. Vodafone Idea received relief from the Supreme Court. Cipla is acquiring Inzpera Healthscience, and Adani Power is pursuing international arbitration for payment disputes.
ET Startup Awards 2025: Execution will define a company’s valuation, says Urban Company CEO Abhiraj Singh Bhal
Urban Company CEO Abhiraj Singh Bhal said that a company’s valuation will be defined by its execution, speaking on the market worth of new-age technology firms.
'Ghor Paap': Ace investor Shankar Sharma jumps into Lenskart IPO debate
Lenskart's IPO is sparking debate. Veteran investor Shankar Sharma calls its valuation a 'steal' compared to other tech listings. Critics question the steep price jump. Mutual funds are investing, but retail investors are cautious. Lenskart aims for international expansion. The market will decide investor appetite.
IndiGo Q2 Results FY26 Today Live Updates: Loss widens YoY to Rs 2,582 cr, revenue up 9%
IndiGo Q2 Results IndiGo reported a net loss of ₹2,582 crore for Q2FY26, reversing the ₹2,176 crore profit it posted in the previous quarter and widening from a ₹987 crore loss a year earlier. Despite the setback, revenue rose 9% YoY to ₹18,555 crore, supported by higher passenger traffic. Adani Enterprises Q2 Results Adani Enterprises reported an 84% YoY jump in Q2FY26 net profit to ₹3,199 crore, even as revenue declined 6% to ₹21,249 crore, reflecting strong profitability despite lower operational income. SBI Q2 Results State Bank of India (SBI) reported a stronger-than-expected Q2FY26 performance, with standalone net profit rising 10% YoY to ₹20,160 crore, beating Street estimates that had forecast up to a 17% decline. M&M Q2 Results Mahindra & Mahindra (M&M) reported a strong Q2FY26 performance with consolidated net profit rising 15.8% YoY to ₹3,673 crore and revenue climbing 21.7% YoY, driven by robust demand across its automotive and farm equipment segments. Adani Ports Q2 Results Adani Ports reported a strong Q2FY26 performance with net profit rising 27% YoY to ₹3,109 crore and revenue climbing 29.7% to ₹9,167 crore, driven by robust growth across its port operations. Suzlon Q2 Results Suzlon Energy reported its best quarterly performance in three decades, with Q2FY26 profit soaring 538% YoY to ₹1,279 crore and revenue rising 85% to ₹3,866 crore, fueled by strong growth in its wind turbine generator business and higher project deliveries. One Mobikwik Systems Q2 Results Mobikwik’s Q2FY26 profit fell sharply to ₹28.6 crore from a net loss of ₹3.3 crore a year earlier, while revenue declined 7% YoY to ₹270.2 crore, indicating a slowdown in business momentum. Q2 Results Today SBI M&M Adani Ports Adani Enterprises IndiGo Paytm Suzlon Indian Hotels
Vikas Khemani predicts 15–20% market gains this Samvat, says PSU banks and manufacturing to lead India’s next big bull run
Indian equities are poised for a significant upswing, with Nifty projected to reach 29,000-30,000 this Samvat year, forecasting 15-20% returns. Experts cite improving liquidity, supportive policies, and reviving corporate earnings as key drivers. Financials, manufacturing, and consumer sectors are expected to lead the charge, while caution is advised for unlisted stocks.
General Atlantic invests another $600 million in IPO-bound PhonePe
PhonePe has raised $600 million of new funding from General Atlantic (GA) as it gears up for a local listing early next year. The latest investment reinforces its commitment to back the homegrown consumer internet company even as diversification of income streams has proved harder than expected in a competitive landscape.
Pine Labs CEO says IPO size trimmed as investors decided to sell less at price band
Indian financial technology firm Pine Labs trimmed the size of its initial public offering as existing shareholders wanted to sell a smaller portion of their holding at the set price band, CEO Amrish Rau told Reuters in an interview.
FII activity, Q2 earnings among 7 factors to affect D-St this week
Indian markets closed marginally lower, ending a four-week winning streak amid profit-booking and mixed global cues. Key factors influencing the upcoming week include Q2 earnings from major companies, macroeconomic data releases, and global developments. FIIs were net sellers, while DIIs were net buyers on Friday.
Offer for sale: How startup founders have been raking in the moolah from IPOs
Lenskart’s Rs 7,300-crore IPO, valuing the company at Rs 70,000 crore, will see founders earn nearly Rs 1,200 crore via an offer for sale. Many new-age startup founders, like Meesho and Physics Wallah, are selling shares for liquidity, while others, including Swiggy and BlueStone founders, have retained their stakes.
How can I generate monthly income by investing Rs 1.21 crore and my future salary?
I’m a 37-year-old homemaker and my portfolio comprises mutual funds worth Rs 10 lakh, government bonds worth Rs 65 lakh maturing in phases till 2030, and Rs 8 lakh invested via Paytm Money. In June, I’ll receive Rs 5 lakh from a maturing government bond. Please suggest suitable investment options for generating a steady monthly income with this amount.
Vijay Shekhar Sharma showcases Made-in-India Paytm AI soundbox to Piyush Goyal
Paytm Founder Vijay Shekhar Sharma presented the Made-in-India Paytm AI Soundbox to Union Minister Piyush Goyal, emphasizing the company's commitment to Atmanirbhar Bharat and making AI accessible for Indian shopkeepers. This innovative device transforms payment soundboxes into smart business partners, marking a significant step towards inclusive technology for millions of small and micro businesses.
Paytm and Vedanta emerge as top buys amid sectoral rotation and profit booking: CA Rudramurthy BV
Nifty paused after six consecutive gains, slipping below 26,000. Market expert CA Rudramurthy BV sees this as short-term consolidation, with the broader trend remaining strong. He anticipates sector rotation, particularly into IT, PSU banks, metals, and new-age platforms, to fuel further upside.
Mem0 raises $24 million from Basis Set Ventures, Peak XV Ventures, others
San Francisco startup Mem0, founded in 2023, builds memory systems for AI agents, helping them recall past interactions. It raised $24 million, led by Basis Set Ventures, with participation from Peak XV Partners, Kindred Ventures and others. Mem0’s API sees fast growth and integrates with platforms like AWS Agent SDK, CrewAI, and Langflow.
‘Dumb money is chasing dumb IPOs’: Shankar Sharma on India's public markets amid Lenskart buzz
Veteran investor Shankar Sharma slams India's IPO market as the "dumbest in history," citing Lenskart's pre-IPO activity. He alleges a "beautiful little game" where anchor investors create artificial legitimacy, causing inflated valuations. Sharma claims that companies exploit retail investors' anchoring bias, causing stocks to collapse post-listing, only for investors to be trapped again.
Retail holdings dip in 62 midcaps in Q2; ‘Sell-on-Rise’ ploy seen in Delhivery, Paytm and 31 other stocks
Retail investors trimmed holdings in 62 midcap stocks in Q2FY26, reflecting a ‘sell-on-rise’ strategy amid strong gains. Delhivery, Paytm, Dixon Technologies, and APL Apollo Tubes saw notable stake cuts even as returns surged. Experts suggest long-term SIPs for sustained midcap exposure. Outlook remains buoyant for them and an investment via SIP mode could be the way forward for investors, says a Mutua fund.
Groww announces IPO dates as regulatory uncertainty looms over stock brokers
Groww IPO Dates: Groww, a leading online brokerage, is set to launch its Initial Public Offering in the first week of November. The IPO aims for an $8 billion valuation. This move follows a strong financial performance and rapid client acquisition. Groww's diversified services offer a buffer against industry regulatory challenges.
Groww IPO GMP hints double-digit debut gains as fintech unicorn readies for next week’s launch
Groww’s upcoming IPO is drawing strong interest, with a grey market premium of ₹10.5 indicating potential listing gains of around 10%. The fintech’s debut could value it at nearly ₹70,400 crore ($8 billion).
Nifty’s 10-year November seasonality split even, but FIIs & DIIs paint a brighter picture
November's market performance for Nifty is historically split. Foreign investors bought in 60% of past Novembers, while domestic investors showed stronger buying in 70% of instances. This year, domestic investors are a key stabiliser. Looking ahead, Nifty is expected to end positively in November 2025, building on October's gains. However, some caution exists regarding near-term sentiment and rollover trends.
Our scale & financials justify an IPO: Pine Labs CEO Amrish Rau
Pine Labs CEO Amrish Rau discussed the company’s IPO, growth, and future plans with ET. He highlighted consistent revenue growth, a tech-focused business model beyond traditional payments, and strategic global expansion. The IPO is priced to attract the community of merchants and partners, with funds earmarked for technology, acquisitions, and international markets.
Diwali Muhurat Trading 2025: Top 5 stocks that may shine bright in Samvat 2082
Indian markets rose ahead of the Muhurat Trading session marking Samvat 2082. Sensex gained 411 points and Nifty 50 added 133 points. Experts recommend top stocks like Paytm, Adani Green, Ambuja, V-Mart, and Royal Orchid Hotels for fresh positions.
Paytm brings entities under direct ownership to simplify its structure
Per the terms of the restructuring, Paytm will acquire stakes from its founder, Vijay Shekhar Sharma, and his entities in subsidiaries, including Paytm Financial Services Ltd, Paytm Insuretech, Paytm Emerging Tech, and Paytm Life Insurance. Paytm aims to complete all acquisitions and internal restructurings by January 31, 2026, subject to the execution of definitive agreements and necessary approvals.
Groww IPO: Top 5 early investors to pocket Rs 4,340 crore, set for up to 5,135% windfall as fintech unicorn readies for listing
Early backers of online brokerage Groww are set to realize substantial gains from its upcoming IPO, with investors like Peak XV Partners and Y Combinator collectively pocketing around Rs 4,340 crore. The fintech giant is preparing for one of India's most anticipated public offerings, aiming for an $8 billion valuation.
Paytm parent restructures to bring financial, tech entities under direct ownership
Paytm's parent company, One 97 Communications, is undergoing a major internal restructuring. The company will bring several financial and technology subsidiaries under direct ownership. This move aims to simplify the group's structure and boost operational efficiency. The transactions are valued independently and executed at fair market value. This restructuring will strengthen governance and improve agility without altering ultimate ownership.
Paytm set to ride credit boom, Axis Capital upgrades to buy call
Paytm upgraded to ‘Buy’ by Axis Capital as credit-linked payments, stabilising merchant revenue, and tight cost control drive growth; FY27–28 EBITDA estimates raised 33–46%, with a Rs 1,500 price target implying 20% upside amid robust digital finance expansion.
India’s $200 million-an-hour IPO boom shows rise of local investors
India’s IPO market is booming, with LG Electronics India’s $1.3 billion issue selling out in just 6.5 hours — the fastest in 17 years. Driven by strong domestic participation from mutual funds, insurers, and retail investors, India is nearing last year’s $21 billion record. However, sky-high valuations and massive oversubscriptions raise concerns of a market correction.
Nifty Capital Markets index tops all sectors with 30% 1-yr rally. BSE, king of good times with 70% gains
Indian capital market stocks have shown remarkable performance, delivering up to 70% returns in the past year. This surge is attributed to increased financialization and digitalization of assets. Growing investor participation and robust trading volumes have benefited exchanges and brokers. While some stocks lagged, the overall outlook remains constructive for the sector.
India Quotient raises $129 million in its fifth & largest fund till date
India Quotient, a seed-to-early-stage venture capital fund, has successfully raised $129 million for its fifth fund. The firm also announced the elevation of Kanika Agarrwal and Sahil Makkar to partner roles, strengthening its leadership team. Known for early investments in companies like ShareChat and Sugar Cosmetics, India Quotient continues its focus on supporting emerging businesses.
Diwali 2025 cracker stocks to light up your portfolio: Experts pick Axis Bank, DLF, Paytm, MTAR Tech and more
This Diwali 2025, market experts Rajesh Palviya (Axis Securities) and Kunal Bothra (Bothra Advisors) reveal their top “cracker stocks” — from Axis Bank, SBI, and Hero MotoCorp to Paytm, MTAR Tech, and DLF. Discover which sectors are set to sparkle this festive season and how to build a winning Samvat 2082 portfolio with smart, selective picks.
Vijay Shekhar Sharma says Paytm AI Soundbox will make technology and AI more inclusive for millions of Merchants
As a homegrown fintech pioneer, Paytm is leading the way in making India AI-enabled and empowering small businesses with intelligence.
India’s chip debut, Sebi chief’s quantum warning
Happy Thursday! A made-in-India chip module is headed to the US. This and more in today’s ETtech Morning Dispatch.
IPO frenzy: Here’s what investors should look out for beyond the hot listings and wild valuations
Hot listings, wild valuations, and short-lived gains—here’s how to know when to cash in or hold tight.
17 multibaggers dampen silver's shine, deliver up to 13,052% returns over one year
Silver delivered over 75% returns in one year, yet 25 large-cap and small-cap stocks outperformed it. Multibaggers like RRP Semiconductor led gains, while precious metals remain supported by global tensions and industrial demand.
Diwali Picks: Market experts pick their festive favourites across energy, PSU and defence sectors
Market experts shared their top stock picks for Diwali, spanning PSU banks, energy majors, defence, and new-age platforms. Recommendations include JSW Energy, PSU banks, OMCs, Shipping Corporation of India, Bharat Electronics, SBI, Mahindra & Mahindra, Chola Finance, Azad Engineering, and PayTM, highlighting strong technicals and fundamentals for potential market momentum.
Is the Rs 10,000 crore IPO jinx over? LG India shares listing breaks 15-year old Coal India record
LG Electronics India made a strong debut on Dalal Street, listing at a 50% premium over its Rs 1,140 issue price. The IPO’s success, rare among India’s Rs 10,000-crore-plus issues, is attributed to reasonable valuations, dominant market positioning, and robust earnings visibility. With a diversified portfolio across home appliances, TVs, and ACs, LG continues to outpace peers in margins and growth.
Market likely to remain range-bound amid global trade uncertainty: Ashi Anand
Indian markets have experienced a lacklustre year due to global trade uncertainties and slowing growth. Ashi Anand of IME Capital anticipates a range-bound market until clarity emerges on these issues. The upcoming Q2 earnings season is crucial for assessing corporate recovery and laying the foundation for future market performance.
Nifty may hit fresh record highs soon; buy on every dip, says CA Rudramurthy BV
Indian markets are on a strong upward trajectory. The Nifty50 has surpassed a significant resistance level, indicating a positive market outlook. Experts suggest a "buy on dips" approach for investors. All-time highs for Nifty and Bank Nifty are anticipated within the current calendar year or by the end of FY25.
Paytm emerges as a top pick in Mirae Asset’s October 2025 portfolio, backed by strong business momentum
Mirae Asset Capital Markets has named Paytm among its top stock picks for October 2025, citing its consistent performance and growing share in India's digital payments ecosystem. Analysts project a 21% revenue CAGR and significant EBITDA margin expansion by FY28, driven by AI efficiencies and operational leverage.
Tata Capital’s listing adds to trend of tepid debuts among big-ticket IPOs
Tata Capital's stock began trading on Monday at ₹330, a slight increase from its IPO price. The debut was as anticipated, with analysts suggesting rich valuations limited immediate gains. The company's market capitalization reached ₹1,40,547.61 crore. Tata Capital's performance is being compared to industry leaders like Bajaj Finance.
LG Electronics India shares soar 50% on debut! Co sets record for mega issues on D-St
LG Electronics India shares: LG Electronics India's IPO debuted with a significant 50.4% premium, marking a strong start. This listing follows a trend of mixed performances for large Indian IPOs. Despite some past mega IPOs struggling, LG's debut highlights investor confidence. The company's brand strength and financial performance are key drivers. Analysts see continued growth potential for LG Electronics India.
AI to make telecom network self-healing, improve customer services with shift to 6G: DoT Secretary
Telecom networks are set to become self-healing and customer services will improve with artificial intelligence. India is working with the ITU to harmonize AI and telecom developments. The country is also investing in AI research and startups to build a secure and inclusive AI ecosystem. AI tools are being developed to combat fraud and protect citizens from financial scams.
People feel we inspired demonetisation, we wouldn't be suffering today if we had such heft: Paytm's Sharma
While explaining the company's roots in the payments business and the journey till now, Sharma made the remarks about the government's demonetisation decision, when high-value notes ceased to be legal tender overnight, giving a thrust to the digital payments alternatives.
LG India soars past South Korean parent, becomes $13 billion giant after blockbuster debut
LG Electronics India surged 50% on debut, valuing the company at $13.1 billion—above its South Korean parent. The Rs 11,607-crore IPO drew overwhelming demand, earning top broker buy ratings and marking the largest listing-day premium among India’s Rs 10,000-crore-plus IPOs.
Paytm founder Sharma urges regulatory, tech reforms to speed up the IPO process
CBDC is a digital form of a country’s official currency, issued and regulated by its central bank. Unlike cryptocurrencies, it is backed by the government and holds the same value as physical cash. Its use in financial processes such as IPO settlements could help reduce transaction time and enable real-time fund transfers.
Stocks in news: Titan, JSW Steel, Tata Motors, Godrej Consumer, Paytm
Indian markets saw volatile trading on weekly expiry day, ending nearly unchanged. This pause follows a recent rebound. Analysts suggest consolidation may occur, but the positive tone persists if Nifty stays above 24,900. Investors are advised to focus on selective stock picking. Several companies like Titan, JSW Steel, and Paytm are in focus due to recent updates and news.
Paytm planning brand makeover to reflect its bet on AI: Vijay Shekhar Sharma
Speaking at the Global Fintech Fest in Mumbai on Tuesday, Sharma said that the brand name is closely linked with the fintech ecosystem, but his next big bet is on AI.
Diwali stocks to buy: Over 50 ideas from top brokerages as Nifty likely near inflection point
Indian stocks are set for a strong performance after a year of stagnation. Brokerages are recommending over 50 stocks for the upcoming Samvat 2082. This optimism is fueled by attractive valuations and projections of double-digit earnings growth. Sectors like autos, consumer durables, power, financials, and manufacturing are expected to lead the rally.
Flipkart Big Bang Diwali Sale 2025: Massive discounts on iPhone 16, Pixel Fold, Samsung Galaxy S24, and other phones
Flipkart's Big Bang Diwali Sale 2025 is live until October 24, offering significant discounts on smartphones from Apple, Google, Samsung, Nothing, and Motorola. Notable deals include the iPhone 16 series starting at Rs 54,999 and the Samsung Galaxy S24 FE at Rs 29,999. The sale also features exclusive member benefits and payment offers.
United Kingdom your no. 1 partner for finance, fintech: Keir Starmer
United Kingdom Prime Minister Keir Starmer is inviting Indian fintech companies and investors to grow their businesses in Britain. He aims to make the UK a top global partner for finance and fintech innovation. Reserve Bank of India Governor Sanjay Malhotra sees significant opportunities for collaboration between the two nations' fintech sectors.
GFF 2025 decoded: going public, AI’s ascent, & the fight against fraud
The next six months will be a litmus test for the sector. Groww, Razorpay, PhonePe, Turtlemint, and Kissht public listings are lined up, and if all go smoothly, it will be a major win for the VC-backed fintech ecosystem.
Helios Mid Cap Fund reduces stake in Ola Electric, increase exposure in 44 stocks
Helio Mid Cap Fund adjusted its portfolio in September. The fund reduced its stake in Ola Electric Mobility. It increased holdings in nearly 44 other companies. Four new stocks were added to the fund's investments. The fund's assets under management also saw an increase during the month.
Internet stocks shed ‘hype’ tag: Ixigo, CarTrade, Nykaa soar up to 80% in 3-months on earnings revival
India’s internet stocks, led by Ixigo, CarTrade, and Nykaa, have surged up to 80% in three months on earnings recovery and strong revenue growth. Analysts highlight improved profitability, business diversification, and favourable macro trends, though caution that recent rallies are not risk-free. New-age stocks head into the earnings season on a strong note following a rating upgrade from JM Financial.
Keir Starmer pitches UK as global fintech partner during India visit
UK Prime Minister Keir Starmer aims to position the UK as the premier global partner for finance and fintech innovation during his India visit. He invited Indian innovators to expand globally via UK partnerships, highlighting existing investments from UK firms in India and Indian fintechs' international ambitions.
Anthropic's India push; Sebi ups broker scrutiny
Happy Wednesday! Anthropic CEO Dario Amodei details the company's plans for India. This and more in today's ETtech Morning Dispatch.
Digital gold is booming, but look beyond the shine: Know what you’re buying before you tap “buy” on your phone
Digital gold is booming, but beneath the glitter lies complexity, from regulation and pricing to questions of trust. Know what you’re buying before you tap “buy” on your mobile screen.
British fintech Revolut to invest $670 million in India over five years, expand local operations
Fintech giant Revolut plans to invest over Rs 5,900 crore in India for the next five years to fuel new payment and forex products. Revolut aims to onboard 20 million customers by 2030. The company is building its own licensed financial instruments, differentiating itself in the Indian market. Future plans include credit and investment services.
Will Arattai be India’s answer to WhatsApp?
India's Arattai, a WhatsApp rival, added two million users but faces skepticism due to strong network effects. Experts believe only disruptive events or open, interoperable platforms, like the UPI model proposed by Arattai's founder, can challenge incumbents. This strategy aims to foster an ecosystem rather than a closed monopoly.
The dreaded Rs 10,000-crore IPO curse may be breaking. Can LG and Tata Capital seal the turnaround?
India’s mega IPO market, defined by issues over Rs 10,000 crore, has long disappointed investors, with Paytm, LIC, and Coal India leaving losses in their wake. However, the trend appears to be reversing: newer large listings such as Hyundai Motor India, Swiggy, and HDB Financial are trading above issue prices, suggesting the Rs 10,000-crore IPO curse may finally be easing.
Market headed for record highs; buy metals, PSU banks, and energy stocks on every dip: CA Rudramurthy BV
Indian markets are showing renewed momentum, with Nifty confirming a trend reversal and entering a bullish phase. CA Rudramurthy BV of Vachana Investments advises buying on every dip, anticipating Nifty to test 25,450-25,500 and Bank Nifty to hit new highs. He remains bullish on metals, PSU banks, and new-age companies, expecting FIIs to return as buyers.
Buy, Sell or Hold: Nuvama raises target price on Lodha Developers; sees over 25% upside in Godrej Consumer
Brokerages remain bullish on Titan, Lodha Developers, and Godrej Consumer, citing strong growth potential, resilient demand, and structural drivers despite short-term challenges, with upside targets of 22–41% across sectors.
Two Trades for Today: A two-wheeler major for a 4.65% upmove, a mid-cap digital financial service stock for almost 7% rise
Technical analysis identifies select stocks that may gain momentum even in volatile markets. Here are the technical calls for today.
ETMarkets Smart Talk: This is a sideways market, time for smart stock picking, says PL Capital’s Vikram Kasat
Despite positive economic data, Indian equities are expected to trade sideways due to valuation concerns and consistent FII selling. Vikram Kasat of PL Capital highlights this as a stock-picker's market, favoring selective opportunities in sectors like metals, autos, and defence, alongside promising new-age listings.
Indians will soon be able to approve UPI payments using facial recognition and fingerprints
Starting October 8, India will allow users to authenticate Unified Payments Interface (UPI) transactions through facial recognition and fingerprints, using Aadhaar-based biometric data, sources said. The move follows new RBI guidelines permitting alternative authentication methods and replaces the current PIN-based system. The NPCI plans to showcase the feature at the Global Fintech Festival in Mumbai.
Nifty shows positive reversal; experts eye buying opportunities on dips
Nifty shows recovery, trading flat at 24,840, with analyst CA Rudramurthy BV noting a positive reversal pattern and key support at 24,580. He recommends buying on dips, citing domestic policy pushes and strong earnings potential. Metals, e-commerce, and PSU banks are favored sectors, with stock picks including Nykaa, Paytm, Eternal, and IndiGo.
Ahead of Market: 10 things that will decide stock market action on Tuesday
Indian markets rose for the third session, led by strong gains in banking, financials, and IT ahead of Q2 earnings. Nifty reclaimed the 25,000 mark, supported by upbeat loan growth data and improving technical momentum suggesting a potential rally toward 25,500.
Non-FASTag users to pay 1.25 times fee if payments made via UPI
The Ministry of Road Transport & Highways has amended toll rules, effective November 15, 2025, to incentivize digital payments. Non-FASTag vehicles will now pay 1.25 times the applicable fee via UPI or double the fee in cash. This aims to boost digital adoption and streamline toll transactions on national highways.
Dhan turns unicorn with close of $120 million fundraise led by Hornbill Capital
Cofounder and CEO Pravin Jadhav said the raise began in September 2024, coinciding with key regulatory shifts. He added that Dhan fielded investment offers of $1 billion but deliberately chose a smaller, patient capital pool. Dhan expects to close FY25 with revenue of around Rs 900 crore, up from Rs 380 crore in the previous year.
Paytm shines as the only Indian name in Morgan Stanley’s global AI adoption leaders list
Paytm, the sole Indian company, has been named an AI Adoption Leader by Morgan Stanley, recognized for embedding AI across its products. This recognition highlights Paytm's machine-first approach, enhancing risk management and customer experience. With strong pricing power, Paytm is well-positioned to monetize AI adoption, demonstrated by its impressive 136% return in the past year.
Paytm customers to get gold coins on UPI, card and online payments; check how scheme works
Paytm introduces 'Gold Coins,' a rewards program converting digital payments into gold. Customers earn gold coins, redeemable for digital gold, on various transactions like UPI and card payments.
Paytm announces ‘gold coin’ rewards on payments
Paytm introduces 'gold coins' as reward tokens for transactions, redeemable as digital gold. Applicable across payments, including UPI and cards, with double tokens for credit card UPI payments. Aimed at boosting UPI share after a dip.
Hurun Rich List 2025: Mukesh Ambani beats Gautam Adani to reclaim India’s richest throne with Rs 9.55 lakh crore wealth
Mukesh Ambani and family have reclaimed the top spot as India's wealthiest with a net worth of Rs 9.55 lakh crore, according to the M3M Hurun India Rich List 2025. Gautam Adani and family follow closely, while Roshni Nadar Malhotra entered the top three for the first time, becoming India's richest woman.
ETtech Explainer: RBI halts Simpl payment operations: What it means to BNPL players
The action against the Bengaluru-based fintech reflects a broader regulatory crackdown on the buy-now-pay-later sector that has been intensifying over the past few years.
Paytm poised for strong growth as Jefferies retains "buy" rating, raises price target to Rs 1,420
Jefferies has reiterated its "Buy" rating on Paytm, raising the price target to Rs 1,420—a 21% upside from its current price of Rs 1,197. The brokerage expressed confidence in Paytm’s strong merchant network and lending performance, citing emerging opportunities in Postpaid-on-UPI and wealth management as key future growth drivers.
Smaller UPI players nibble at veterans’ transactions share
The race for Unified Payments Interface (UPI) market share is heating up, with smaller fintechs ramping up volumes and pushing into territory long dominated by PhonePe and Google Pay. Navi, Super.Money and Bhim have seen their UPI payment volumes surge by 50 to 100% over the past six months
Why Flipkart can't do a PhonePe
PhonePe and Flipkart, both Walmart-owned, are taking different IPO routes. PhonePe is prioritizing a public listing due to its market leadership in UPI payments and a simpler business model. Flipkart, however, faces challenges related to profitability, complex structure, and global parent dynamics, making its IPO path more intricate.
How JioBlackRock Mutual Fund is using AI to generate alpha in its new flexicap fund
JioBlackRock Mutual Fund has launched its first active equity offering, the JioBlackRock Flexi Cap Fund, now open for subscription. This fund employs a Systematic Active Equity approach, blending human expertise with AI-driven data analytics and BlackRock's technology to build smarter portfolios for long-term growth across market capitalizations.
Early Diwali for delivery workers; RBI shutters Simpl
Happy Friday! Rapid delivery platforms are attracting gig workers with new incentives during festive season. This and more in today’s ETtech Morning Dispatch.
Paytm launches credit line on UPI with Suryoday Small Finance Bank
Paytm has introduced Paytm Postpaid, a UPI credit line, in partnership with Suryoday Small Finance Bank. This facility allows select users short-term, interest-free credit for up to 30 days. Users can use Postpaid for online shopping, UPI payments, bill payments, and bookings on the Paytm app. This move follows Paytm's recent report of a consolidated net profit.
Dhan appoints Ketan Shah as CEO of omnichannel business
Shah comes with over 25 years of experience at Angel One, where he was chief strategy officer and board member. At Dhan, he will spearhead the stock trading and investment platform’s expansion of investing and trading products across both online and offline channels.
Walmart-backed PhonePe files confidential IPO papers to raise $1.5 billion
PhonePe, the Walmart-backed Indian fintech giant, has confidentially filed for an IPO, aiming to raise approximately Rs 12,000 crore ($1.35 billion). The UPI-based payment app boasts over 600 million registered users and processes over 310 million daily transactions. Ahead of the IPO, PhonePe reported narrowed losses to 17.2 billion rupees with a 40% surge in revenue, reaching 71.15 billion rupees.
NPCI eyes EMI payments on UPI in fresh credit play push
NPCI is focusing on expanding credit offerings on UPI, aiming to allow users to convert QR code payments into EMIs. This move follows the success of RuPay credit cards and credit lines on UPI, with fintech firms expected to soon enable EMI options during UPI transactions.