Paytm
Paytm to step up AI, financial services investments after first profitable year, Sharma says
The comments come after a sharp turnaround at One 97 Communications. Paytm reported its first full-year profit of Rs 552 crore in FY26, compared with a loss of Rs 663 crore a year earlier, while operating revenue rose 22% to Rs 8,437 crore. Ebitda improved by Rs 2,008 crore and hit Rs 502 crore.
Paytm block deal: Vijay Shekhar Sharma’s Resilient Asset likely sells nearly 2 crore shares worth Rs 2,949 crore
Shares of One 97 Communications faced a downturn following a notable block deal involving Resilient Asset Management, a firm linked to Paytm’s founder. It’s estimated that shares worth around Rs 2,949 crore were sold in this secondary transaction, with the possibility of extending the stake to Rs 4,895 crore. Goldman Sachs facilitated this considerable share sale as the placement agent.
Paytm’s Vijay Shekhar Sharma sets $1 billion free cash goal, sees fintechs gaining lending share
Vijay Shekhar Sharma, the founder of Paytm, has set an ambitious target of generating one billion dollars in free cash flow. He envisions that fintech companies will capture a larger share of the growing lending market. Focusing on profitability, Sharma plans to pivot away from ventures that lack clear returns.
Vijay Shekhar Sharma's Resilient Asset to sell 4.98% Paytm stake; Antfin to retain economic proceeds
Resilient Asset Management plans to sell up to 4.98% stake in Paytm parent One 97 Communications through a block deal worth Rs 5,000 crore. The economic proceeds will go to Chinese investor Ant Financial under an existing agreement. The sale could reduce Resilient’s holding in Paytm to around 5.2%.
Resilient Asset to offload 4.98% stake in Paytm parent
Resilient Asset Management plans to sell nearly five percent of Paytm shares. This stake sale is valued at approximately five thousand crore rupees. Proceeds will go to Chinese investor Ant Financial under an existing agreement. Resilient acquired the stake from Ant Financial in twenty twenty-three. This move helps reduce Chinese influence within the fintech company.
Paytm block deal: Resilient Asset to sell up to Rs 4,895 crore stake at 3% discount
Resilient Asset Management plans to sell up to 4.98% of Paytm parent One 97 Communications through a block deal worth Rs 4,895 crore. The offer carries a 2.9% discount, potentially pressuring shares.
Stocks in news: Airtel, Paytm, SpiceJet, ONGC and ZEE
Markets extended their losing streak for a fifth consecutive session on Monday. Airtel Payments Bank appointed Shabnam Sinha as its new chairperson. Paytm's parent company will see a significant share sale on Tuesday. SpiceJet's bankruptcy petitions were deferred after a settlement was reached. ONGC secured a US license to resume operations in Venezuela.
Paytm management gets Sebi show cause notice over timing of 2023 loan disclosure announcement
Paytm management has received a Sebi show-cause notice over the timing and classification of information disclosed in a December 2023 corporate announcement. The company said its key managerial personnel are evaluating the notice and will respond within 14 days. The development comes after Paytm reported strong Q1 FY27 earnings and Bernstein raised its target.
Vijay Shekhar Sharma's Rs 4 crore pay found 'materially below' peer median; Board recommends revision
Under the proposed structure, Sharma's remuneration will also include a variable component which will be performance-linked set by the NRC on achievement against predefined financial performance targets.
Paytm shares recover 410% from 2024 low, but will long-awaiting IPO investors finally see redemption?
Paytm shares have soared over 410 percent from their lowest levels, igniting hopes among investors that the stock will soon hit its initial public offering price. Bernstein's increased target price offers a promising outlook, suggesting a strong uptrend following a period of consolidation. The future of this recovery will hinge on key support levels as the market evolves.
Helios Flexi Cap Fund hikes exposure in Swiggy, Paytm and 12 others; adds SBI Funds Management, 4 more
Samir Arora-backed Helios Flexi Cap Fund increased exposure to Swiggy, Paytm and 20 other stocks in July, while adding SBI Funds Management and four others to its portfolio. The fund also exited Varun Beverages and India Shelter Finance, while trimming its holdings in MCX and BSE during the month.
Paytm senior executives get Sebi notice for 'timing' of 2023 regulatory disclosure
The Sebi notice, dated August 11, has asked the executives to explain the timing of a disclosure the company made on December 6, 2023, when it revealed plans to pull back on small loans under Rs 50,000 - mostly comprising its "buy now, pay later" offering. The move had come shortly after India's central bank tightened rules on unsecured lending.
Paytm shares jump 5% after Bernstein assigns target price above IPO price for first time
Paytm Share Price: Paytm shares rallied after Bernstein raised its target price to Rs 2,200, implying 52% upside, while retaining an Outperform rating. The target is the highest on the Street and the first above Paytm’s Rs 2,150 IPO price, with Bernstein factoring in UPI MDR from FY28.
BSE, RIL, Paytm among stocks bought and sold by HDFC Mutual Fund in July
July was a busy month for HDFC Mutual Fund, which ramped up its investments by increasing its stakes in about 422 stocks. Simultaneously, the fund reduced its involvement in 164 stocks, affecting numerous prominent companies. They integrated five new stocks and fully exited from J.B. Chemicals and Nilkamal. HDFC Mutual Fund now manages a total of around 703 stocks, heavily weighted towards financial services.
Samir Arora-backed Helios Mid Cap Fund hikes stake in Swiggy and 20 others, trims exposure in 2 stocks
In July, Helios Mid Cap Fund boosted its investments by increasing its stake in Swiggy among twenty other stocks. Notably, the fund expanded its holdings in V2 Retail and GMR Airports, while reducing exposure in Multi Commodity Exchange of India and Black Box stocks. Additionally, Siemens Energy India joined the portfolio as one of the seven new entries, with the fund maintaining the same exposure in thirty-eight existing companies.
Presenting the jury for The Economic Times Startup Awards 2026
Meet the high-powered jury that will pick the winners of the ET Startup Awards 2026.
The ET Startup Awards 2026: Nominees for Best on Campus and Comeback Kid
Happy Tuesday! We are excited to bring you the 12th edition of The Economic Times Startup Awards (ETSA). In the run-up to the coveted honours, we are announcing the nominees for the Best on Campus and Comeback Kid categories for you today.
NFO Alert: Invesco Mutual Fund announces launch of pharma and healthcare fund
Invesco Mutual Fund has launched a new open-ended equity scheme. This fund will invest in India's evolving pharma and healthcare sectors. It aims to capitalize on favorable demographics and expanding healthcare access. The new fund offer is open for subscription until September 1. Investors can start with a minimum lump sum of Rs 1,000.
ET Startup Awards 2026 to crown A-List of entrepreneurs
Rishad Premji will helm a group of accomplished founders, business leaders and veteran entrepreneurs, who have built and scaled some of India’s best-known new economy companies — in ecommerce, fintech and software products — weathered multiple cycles and successfully exited their businesses.
Ola Electric's PLI woes; Paytm rides MDR hopes
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.
KKR to invest about Rs 400 crore in Reliance-backed BookMyShow at Rs 6,000 crore valuation
KKR is investing Rs 380-400 crore in Reliance-backed BookMyShow at a valuation of around Rs 6,000 crore, after more than two years of negotiations. The investment is smaller and at a lower valuation than initially discussed. KKR’s investment comes as BookMyShow expands live entertainment amid growing competition from Eternal’s District.
Explained: 5 reasons why skipping SIPs may affect your long-term wealth creation
Regular SIP investing helps investors benefit from compounding, rupee-cost averaging and financial discipline. While missing one instalment may have limited impact, repeatedly skipping SIPs can reduce long-term wealth, disrupt investment habits, affect financial goals and potentially interrupt mandates. Investors facing difficulties should consider temporarily reducing or pausing SIPs rather than stopping investments altogether.
Unveiling The Economic Times Startup Awards 2026 high-powered jury
We’re back with the 12th edition of The Economic Times Startup Awards (ETSA). However hectic it gets for the ETtech team, the thrill of sifting through the best of Indian entrepreneurship makes up for every late night in the newsroom.
Defence stocks fire up! Paras Defence, GRSE, other stocks jump up to 10% as govt notifies 6th indigenisation list
Defence stocks surged up to 10% after the Defence Ministry unveiled its sixth Positive Indigenisation List covering 405 items with Rs 3,070 crore business potential. The move aims to boost domestic manufacturing, innovation and investment while reducing India’s dependence on defence imports.
Bitcoin climbs towards $64,000 as cooling inflation and falling treasury yields aid recovery
Bitcoin hovered near $64,000 as cooling inflation, lower Treasury yields and reduced expectations of further US monetary tightening supported crypto markets. Ethereum and select altcoins also gained, though analysts cautioned the rebound remains fragile. Investors now await FOMC minutes, inflation data and labour indicators, with $64,500 emerging as key resistance.
Hindustan Copper, Vedanta, other metal stocks slip up to 2% after sharp gains. Should you buy the dip or avoid?
Metal stocks came under pressure after a sharp rally in the previous session, as global metal prices corrected amid concerns over China’s economic data and geopolitical developments. Analysts, however, see selective opportunities in the sector, with Hindustan Copper and Nalco among the stocks highlighted.
Best balanced advantage funds or dynamic asset allocation funds to invest in August 2026
If you are planning to invest in balanced advantage schemes, here are our recommended schemes you can consider investing. There are no changes in the list this month. Follow our monthly updates to know how your schemes performed in the previous month.
Mukul Agrawal-backed PTC Industries shares slip 4% despite 466% surge in Q1 profit and 180% EBITDA growth
PTC Industries shares fell 4% despite a strong Q1 FY27 performance, with profit surging 466% and EBITDA rising 180%. Revenue grew 83% year-on-year to ₹197.1 crore, supported by aerospace and defence programmes. Investors Mukul Agrawal and Vikas Khemani held 1.07% and 2.57% stakes, respectively, as of June 2026.
The Economic Times Startup Awards 2026: Nominees for Startup of the Year and Midas Touch
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.
Navi’s FY26 loss widens fourfold on UPI investments; eyes FY27 profitability
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.
AMFI announces 5 key initiatives to deepen mutual fund participation and strengthen investor awareness
AMFI has launched five initiatives to deepen mutual fund participation, focusing on investor education, women, smaller cities, first-time investors and underserved communities. Partnerships with NISM, Sa-Dhan and Pinkathon aim to expand awareness, strengthen distributor ethics and encourage informed, responsible investing nationwide.
Paytm jumps over 4% after Rs 2,038-crore block deal; Saif Partners, Elevation Capital likely sellers
Paytm shares rose over 4% following a significant block deal. Early investors Saif Partners and Elevation Capital trimmed their holdings in the fintech firm. This secondary share sale involved approximately 2.3% of Paytm's outstanding equity. The company recently reported strong quarterly earnings with increased net profit. Paytm's board also approved an additional investment into its subsidiary Paytm Money.
BSE shares drop 3% after second downgrade in two days. Nuvama lists CAS among 3 key headwinds
BSE shares extended their losing streak after Nuvama downgraded the stock to Hold and cut its target price, citing three key concerns: the impact of CAS on trading volumes, tighter bank guarantee norms and limited scope for further market-share gains. Jefferies also recently downgraded the stock, adding to pressure on its earnings outlook.
Ahead of Market: 10 things that will decide stock market action on Tuesday
Indian stock markets opened muted this week as global worries tempered investor sentiment. Strong first-quarter earnings provided some support, offsetting geopolitical tensions. Analysts noted softer US jobs data, shifting focus to inflation readings for rate direction.
Unveiling the high-powered ETSA 2026 jury; Zepto's profitability push
The Economic Times Startup Awards (ETSA) is back for a 12th edition. Today, we announce the high-powered jury and nominations for two categories, Bootstrap Champ and Top Innovator.
3 early investors to sell Paytm shares worth up to Rs 2,002 crore at 5% discount
Three early Paytm investors plan to sell shares worth up to Rs 2,002 crore through a block deal at a nearly 5% discount. The secondary transaction will not raise funds for the company and includes a 60-day post-sale lock-up for sellers.
Mirae Asset Venture raises Rs 1,125 crore in first close of new India-dedicated fund
This compares with the firm’s first flagship fund, which had a corpus of Rs 370 crore, and a late-stage vehicle it launched with a corpus of Rs 700 crore.
Paytm App and Paytm UPI payments working normally
Paytm confirms its app and UPI services are operating without any issues. The company reported its highest quarterly EBITDA in Q1 FY27. Operating revenue increased twenty-eight percent year-over-year to Rs 2,448 crore. EBITDA rose one hundred eighty-two percent year-over-year to a record Rs 203 crore. Profit after tax increased seventy-nine percent year-over-year to Rs 220 crore.
Market Trading Guide: Paytm among 2 stock recommendations for Wednesday
Markets ended lower after Monday’s rally as profit booking, heavyweight weakness and caution over the new closing auction mechanism weighed on sentiment. Analysts recommended buying Deepak Fertilisers and Paytm, citing strong technical setups, bullish momentum and favourable risk-reward for the near term.
Stocks in news: Paytm, LIC, Airtel, BSE and ONGC
Markets extended gains on Monday, driven by easing oil prices and strong quarterly earnings. Paytm's parent company sees investors selling shares worth up to Rs 2,002 crore. The government will offer shares in LIC to non-retail investors starting Tuesday. Airtel, ONGC, and BSE will announce their first quarter results today. ONGC's petroleum facility will reserve half its capacity for strategic reserves.
Ahead of Market: 10 things that will decide stock market action on Friday
Sensex gained 114 points while Nifty fell over 40 points on expiry day, reflecting divergent benchmark moves. Softer inflation supported sentiment, but elevated crude prices and geopolitical risks kept investors cautious, with Nifty remaining rangebound between key technical levels.
Ashish Kacholia, Vijay Kedia beat Nifty in Q1, portfolios swell up to 40%
India’s superstar investors outperformed the Nifty in Q1 FY27, with portfolio values rising as much as 40%. Ashish Dhawan led the pack with a nearly 40% gain, followed by Ashish Kacholia and Hemendra Kothari. Vijay Kedia, Akash Bhansali and other marquee investors also posted strong gains, even as the broader market remained cautious amid heightened volatility.
Offline shopping to be District’s second-largest business in three years: CEO Rahul Ganjoo
CEO Rahul Ganjoo told ET that while dining will remain District’s biggest category en route to a targeted $3 billion net order value (NOV), the retail vertical is growing rapidly and could overtake movies. “Retail is growing really fast… our shopping vertical has real potential, to become one of the bigger ones (categories). I wouldn’t say as big as dining, but I’d almost bet it would become our second-biggest vertical within three years, based on the growth we’re seeing,” Ganjoo said.
Ahead of Market: 10 things that will decide stock market action on Wednesday
Indian equities declined as rising crude prices and a weaker rupee weighed on sentiment. Sensex fell 388 points and Nifty 112 points, while analysts flagged 24,400 as key support amid geopolitical risks and upcoming inflation data.
Accel raises $550 million for India, keeps early-stage focus as AI reshapes deal flow
The Silicon Valley-headquartered VC firm is betting on India’s IPO-led liquidity opportunity. Accel aims to invest early and help companies scale to $1-2 billion-plus businesses. Portfolio companies such as Zetwerk, Infra.Market, Acko, Curefit, and Spinny are among those in the pipeline to go public over the next year.
How a chole bhature stall sold 441 plates in four days, turning a ₹10,000 idea into ₹10,530 profit
Ankit Pandey took an initiative to empower an unemployed individual by supporting his chole bhature venture. He provided essential startup funds, sourced quality ingredients. Remarkably, sales surged over the first four days, with the business showing potential. This illustrates the promise of self-employment as a viable alternative to conventional job seeking.
Jefferies sees Paytm, Pine Labs gaining from proposal to levy MDR on UPI transactions
India's payments law may soon allow merchant discount rates on specific UPI transactions. This change could create significant revenue for payment platforms like Paytm and Pine Labs. The proposed amendment focuses on person-to-merchant payments exceeding two thousand rupees. Analysts predict a substantial revenue pool for the payments ecosystem by fiscal year twenty twenty-eight. This move aims to improve profitability for UPI companies facing processing costs.
Listed fintech firms are widening revenue bets as core growth cools
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.
Payments Council backs UPI merchant charges, says users, small businesses will remain exempt
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.
UPI to remain free for users; nominal MDR may apply to select merchant transactions
Consumers will not face any charges for UPI payments. Most merchant transactions will also remain free of cost. Any future charges will apply to limited merchant transactions above a threshold. This move aims to ensure UPI's long-term sustainability and technological advancement. The government stated UPI will remain free for citizens.
Government moves closer to restoring MDR on UPI merchant payments
Parliamentary amendments propose restoring merchant discount rates on UPI payments. This move aims to encourage digital transactions by allowing banks to charge fees. The Reserve Bank of India will determine these charges on person-to-merchant payments. Payment platforms could see significant revenue generation from these new charges. This development follows UPI companies' struggles to build profitable payment businesses.
India must not rewrite its UPI policies under US pressure: GTRI
India's UPI policies should not be altered due to United States pressure. A think tank advises defending competition and policy autonomy for the payments ecosystem. Recent legislation allows charges on UPI and other electronic payment modes. This change follows criticism from the US Trade Representative's report. India should maintain data localization rules for national security and fraud prevention.
Will UPI become chargeable? FM Niramala Sitharaman clears the air
Finance Minister Nirmala Sitharaman clarified merchant discount rates will not affect customers. She stated that merchants will bear any charges on digital transactions. A parliamentary bill will empower the government to notify free electronic transactions. A committee will review merchant discount rates after the bill passes. This clarification addresses concerns about increased costs for ordinary people.
India paves way for return of merchant fees on digital payments
India has laid the legal groundwork to reintroduce merchant fees on UPI payments through proposed amendments to the Payment and Settlement Systems Act. While no decision has been taken, the government is considering charging MDR only on large merchants or high-value transactions, potentially creating a ₹5,000-10,000 crore revenue pool for payment firms.
UPI MDR explained: What potential charges above Rs 2,000 payments on Paytm, GPay & other apps mean for you and merchants
Government proposes changes to the Payment and Settlement Systems Act. This could allow a Merchant Discount Rate on select UPI transactions. Payments above Rs 2,000 to large merchants are a possible focus. This aims to support the payment ecosystem's continued investment and growth. Everyday UPI payments and person-to-person transactions will likely remain free.
Elevation Capital, Peak XV Partners sell 2.3% stake in Meesho for Rs 1,949 crore; stock falls
Following the stake sale, Meesho's shares fell nearly 1 per cent on Wednesday to trade at Rs 190.50 apiece on the National Stock Exchange (NSE).
India needs more AI champions, says Paytm's Vijay Shekhar Sharma
Paytm CEO Vijay Shekhar Sharma emphasized the need for more AI champions in India. He stated that artificial intelligence is crucial for the nation's future development. Sharma urged greater investment and capability building in emerging technologies. Businesses should focus on creating future technologies instead of existing models. This approach will help build India's long-term economic development and nationhood.
Fintechs chase new revenue; Flipkart’s food delivery launch
Happy Monday! As core growth cools, India's listed fintechs are diversifying fast and launching new products. This and more in today’s ETtech Morning Dispatch.
Delhi HC orders winding up of Paytm Payments Bank, appoints former SBI official as liquidator
The Delhi High Court has issued a ruling for the liquidation of Paytm Payments Bank Ltd, following the Reserve Bank of India's decision to annul its banking license due to major concerns regarding management practices and regulatory compliance. An official liquidator will oversee the bank's dissolution, but it is important to note that this action does not impact other Paytm services.
ETtech Explainer: Why PhonePe’s UPI lead lags Paytm’s profits
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.
Delhi High Court orders winding up of Paytm Payments Bank after RBI licence cancellation
Paytm Payments Bank Limited is set for closure as per the directive from the Delhi High Court, resulting from the Reserve Bank of India's earlier cancellation of its banking license. Reasons cited include failure to meet compliance regulations and negative impacts on depositors. Now, with Girikumar M Nair named as the official liquidator, he will step in to lead the bank's liquidation process.
Payments bill revives hopes of MDR return on large-ticket UPI transactions
ET was the first to report on July 16 that the government is considering reintroducing MDR for UPI transactions undertaken by large merchants. Sources had told ET that the Centre could set the fee at 5-7 basis points if it is reintroduced. MDR is the fee charged to merchants by banks for accepting digital payments through UPI, debit cards or credit cards. UPI transactions have been exempt from MDR since January 2020 after the government made them free to encourage digital payments.
File your ITR for just Rs 11: Paytm partners with ClearTax; here's how you can file income tax return
ITR filing: Paytm users can now file Income Tax Returns directly through the app. This service is available starting at an affordable price of eleven rupees. The company partnered with ClearTax to offer a quicker online filing process.
Flipkart may launch food delivery mid-August, mulls commissions of up to 11%: Sources
Flipkart plans to launch its food delivery service in Bengaluru mid-August. The company is considering restaurant commissions of up to eleven percent. These proposed rates are significantly lower than current market offerings. Flipkart will pilot faster and regular delivery options during this initial phase. The service aims to expand to five major metros after learning from the pilot.
To IPO, or to IPOstpone? : What Zepto’s IPO pullback tells a bigger story about business and timing
.The speed with which Zepto has ramped its national footprint is mindboggling. But with mounting losses, half-baked business plans, the speed at which it was trying to IPO would have upended all its gains. There are many tech companies – both in India and abroad – which are perfectly fine being privately owned. Staying private for longer will not delay Zepto value creation but maximise it instead.
Paytm founder Vijay Shekhar Sharma calls AI a once-in-a-generation opportunity for India
Paytm Founder Vijay Shekhar Sharma sees artificial intelligence as a major opportunity. India can create new jobs and economic growth through this technology. Government initiatives like IndiaAI Mission align with this global leadership goal. Sharma urges focus and ambition to protect this AI advantage. India can leverage AI for significant economic and technological progress.
UPI hits record Rs 29.9 lakh crore in July, 23.66 billion transactions
UPI transactions reached a new high of Rs 29.9 lakh crore in July. The volume of these transactions also saw a significant increase during the same month. This growth solidifies UPI's position as India's preferred digital payment method. UPI has expanded its operations to nearly ten international nations.
More layoffs at Krutrim; PhonePe vs Paytm
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.
Ahead of Market: 10 things that will decide stock market action on Tuesday
Indian equities rallied sharply as easing oil prices following renewed US-Iran talks boosted sentiment. Sensex gained 544 points and Nifty surged 1.6%, adding nearly Rs 5 lakh crore in market value, while FII inflows, a stronger rupee and upbeat earnings supported optimism.
F&O Talk: Nifty lacks direction on charts, says Sudeep Shah; outlines Bajaj Finance, Eternal strategy after Q1
Analyst Sudeep Shah, Vice President and Head of Technical & Derivatives Research at SBI Securities, interacted with ETMarkets regarding the outlook for the Nifty and bank, as well as an index strategy for the upcoming week
Paytm attracts more Gen Z users as its UPI payments growth outpaces industry
Paytm's app enhancements and AI features are attracting new Gen Z customers. The company's UPI payments business grew over double the industry rate. Consumer UPI Gross Transaction Value increased by forty-five percent year-on-year. Monthly Transacting Users also saw a rise of sixty lakh users. This growth contributed to another profitable quarter for Paytm.
Paytm told to pay over Rs 20,000 after flight ticket refund failed to reach customer
A consumer commission ordered Paytm to refund a cancelled flight ticket. The airline had already sent the refund amount to Paytm. Paytm failed to ensure the customer received the money. The commission found Paytm liable for deficiency in service. Paytm must now pay the ticket amount, compensation, and costs.
Paytm shares gain 3% after Q1 results. What are Goldman Sachs, Citi and CLSA saying?
Paytm shares rose 2.7% after the fintech firm reported a 79% year-on-year jump in Q1 consolidated net profit to Rs 220 crore. Revenue from operations increased 28% to Rs 2,448 crore, while total income rose 22% to Rs 2,630 crore. Profit before tax climbed to Rs 247 crore, reflecting stronger operating performance both year-on-year and quarter-on-quarter.
PhonePe FY26 losses surge 62% to Rs 2,792 crore, revenue up 11%
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.
Paytm calls off its first-ever bonus issue proposal. Here’s what management said
Paytm parent One 97 Communications has shelved its proposed first-ever bonus share issue for now, opting to focus on business growth and improving profitability to create long-term shareholder value. The decision was taken by the board at its July 20 meeting.
Paytm to monetise in-house AI tools, sharpen wealth push
Founder and chief executive Vijay Shekhar Sharma said some AI products had already started generating a few lakh rupees in revenue. The company is developing tools for merchant acquisition and servicing, customer engagement, collections and retention, which it plans to offer to small businesses and large enterprises.
Paytm Q1 Results: Profit soars 79% YoY to Rs 220 crore; board decides not to go with bonus proposal
Paytm's net profit surged seventy-nine percent year-on-year to two hundred twenty crore rupees. The company's board decided against a bonus issue at this time. They will continue focusing on compounding growth and profitability for shareholders. This decision aims to enhance long-term shareholder value creation. The company emphasized its commitment to sustained financial performance.
Paytm board shelves bonus issue, prioritises growth and profitability
The board discussed the proposal at its meeting on July 20 before deciding not to take it forward “at this time”, the company said in a stock exchange filing. Paytm may reconsider a bonus issue later.
Paytm Q1 profit jumps 79%; board shelves bonus share proposal
Paytm's earnings before interest, taxes, depreciation and amortisation (Ebitda) rose 182% year-on-year to Rs 203 crore during the quarter. "AI applications across our businesses are accelerating in-built operating leverage. Revenue growth is significantly faster than indirect expense growth, supporting further Ebitda margin expansion," the company said in a release.
Paytm likely to announce its first-ever bonus issue today: What lies ahead for its 7.5 lakh retail shareholders?
Paytm's parent company will announce its first bonus share issue today. This announcement coincides with the release of its Q1 FY27 earnings report. Domestic investors have increased their stake in the fintech platform significantly. The company reported its first full-year profit in FY26. Global brokerages maintain a positive outlook on Paytm's stock performance.
Two Trades for Today: A diagnostics major for a 6% rise, a large-cap financial service stock for a gain of 7%
Our technical analysts identify select stocks every trading day that may gain momentum even in volatile markets. Here are the technical calls for today.
Flipkart to launch food delivery pilot in August: Kalyan Krishnamurthy
ET had first reported in February about Flipkart’s plans to foray into an industry dominated by Eternal-owned Zomato and Swiggy. On Friday, Eternal’s shares were down 2.3% at Rs 280 on the BSE, while Swiggy’s stock was down 3.9% at Rs 251.40.
Skyroot fuels deeptech fire; Paytm Q1 profit jumps
Happy Tuesday! Skyroot Aerospace’s success may unlock fresh funding for India’s spacetech ecosystem. This and more in today’s ETtech Morning Dispatch.
MF Tracker: Can Motilal Oswal Midcap Fund retain its edge after topping the 5-year return chart?
Motilal Oswal Midcap Fund leads five-year returns, raising questions about future performance. The fund delivered strong CAGR, outperforming its benchmark and category average. However, recent valuations suggest a lower scope for similar past returns. Experts advise diversified equity fund investments to mitigate concentration risk. Investors can consider SIPs for rupee cost averaging during market fluctuations.
TCS-OpenAI deal takes shape; Paytm's AI bet
TCS has secured land in Vizag and Pune that could host OpenAI's first data centres in India. This and more in today's ETtech Top 5.
Fintechs tell NPCI its 'default app' plan could kill competition
Seven Indian fintech firms have written to NPCI regarding its UPI Meta protocol. They argue the proposed framework risks locking customers into a single default payment app. This change could adversely impact competition and innovation within the digital payments ecosystem. The companies request broader consultation before NPCI proceeds with the framework. They believe the current UPI checkout flow does not require such a significant alteration.
Bira 91’s Ankur Jain steps down; Data centre safety under review
Happy Wednesday! Bira 91 maker B9 Beverages founder Ankur Jain has stepped down from the board. This and more in today’s ETtech Morning Dispatch.
Paytm board to consider first bonus issue on July 20
The proposal is yet to be approved and will require the necessary clearances, the company said in a stock exchange filing. Paytm has not disclosed the proposed bonus ratio or record date, which are expected to be decided by the board if it approves the plan.
Bonus issue alert! Paytm to consider first-ever bonus issue along with Q1 results on July 20
Paytm parent One97 Communications will consider its first-ever bonus share issue alongside its June-quarter results on July 20. The proposal comes after the company reported its first full-year profit in FY26 and amid rising domestic institutional ownership, with mutual funds and insurers increasing their stakes in the fintech major.
Paytm remains majority Indian-owned for 2nd consecutive quarter
Paytm's domestic ownership rose to 51.6 percent in the June quarter. This increase reinforces its status as an Indian-Owned and Controlled Company. Domestic institutional investors, especially mutual funds, significantly boosted their holdings. The company reported its first full-year profit in FY26. Global brokerages maintain positive outlooks on Paytm's improving fundamentals.
Samir Arora-backed Helios Mid Cap Fund adds Groww, 4 more stocks; hikes stake in Paytm and 29 others
Samir Arora-backed Helios Mid Cap Fund added Groww parent Billionbrains Garage Ventures and four other stocks to its June portfolio, while raising exposure to Paytm and 29 other companies. The fund exited five stocks, trimmed its stake in Black Box and retained holdings in 32 stocks unchanged.
'Resign or we will terminate you': HC advocate shares how to avoid this HR ultimatum and forced resignation trap
Companies often pressure employees into resigning to avoid legal obligations. As per a HC advocate, a forced resignation under threat is not legally valid under Indian contract law. Such tactics can expose managers to criminal intimidation charges under the new Bharatiya Nyaya Sanhita. Employees should request time to review documents and document any coercion.
Bonus bonanza! Aastha Spintex to consider bonus issue, dividend less than a month since debut on July 23
Aastha Spintex will consider a 1:1 bonus issue, a final FY26 dividend of up to Rs 10 per share, and textile expansion plans on July 23. Despite shares falling over 22% below the IPO price, the company aims to strengthen long-term growth through forward integration.
Q1 earnings this week: Infosys, Eternal, Bajaj Auto among 256 companies set to announce June quarter results
The Q1 FY27 earnings season gathers momentum this week, with 256 companies scheduled to announce their April-June quarter results. Key names include Infosys, Eternal, Bajaj Auto, UltraTech Cement, Nestlé India, Adani Power, Paytm and TVS Motor. Investors will closely track corporate earnings and management commentary for cues on business performance, demand trends and the broader market outlook.
Ahead of Market: 10 things that will decide stock market action on Wednesday
Indian markets extended losses as large-cap weakness outweighed gains in broader indices despite easing oil prices. Analysts expect earnings, geopolitical developments and crude prices to guide sentiment, with Nifty seen consolidating between 23,800 and 24,350 while midcaps continue to outperform.
History test! What last 12 billion-dollar IPO listing gains indicate about SBI Funds' Rs 9,813 crore debut
SBI Funds Management is set to debut on the stock market on Tuesday, with an estimated 18% listing gain based on the current grey market premium. While its blockbuster subscription has raised expectations, history shows billion-dollar IPOs have delivered mixed outcomes. Winners like Eternal and ICICI Prudential AMC contrast with weak debuts by LIC, Paytm and Hyundai Motor India.
Bitcoin rebounds to $64K after AI-led selloff triggers crypto rout. Here's what experts say
Bitcoin recovered towards $64,000 after an AI-driven selloff pushed the cryptocurrency below the $63,000 mark. Experts said risk-off sentiment weighed on crypto markets, though softer US inflation data helped revive investor confidence. Analysts highlighted key technical levels and cautioned that the broader downtrend remains intact.
