FINTECH
Nobody is a friend; India must cut reliance on foreign tech: M2P Fintech’s Madhusudanan R
In the run up to the Global Fintech Fest 2026, Madhusudanan R, co-founder of M2P Fintech, spoke to The Economic Times Digital about the new frontiers of challenges for India in the age of AI, how fintechs have to walk a tightrope and why India is a better market than the US.
Recent Indian executive moves at OpenAI, Anthropic, Meta & other tech majors
Indian executives have recently taken on key leadership roles at some of the world’s biggest AI and technology companies, highlighting the growing demand for Indian talent. Here are some of the notable appointments.
Sebi approves 7 IPOs including Jio Platforms, Paras Healthcare and Bharat PET
Sebi has approved seven IPOs, led by Reliance-backed Jio Platforms’ proposed Rs 37,700 crore offering. Paras Healthcare, Bharat PET, Paramotor Digital Technology, Pushp Brand, MK Sons Fine Jewels and Sadbhav Futuretech also received approvals, expanding India’s primary-market pipeline.
Block deals test valuations; gig platforms quit welfare board
Happy Friday! Block deals are putting startups’ private valuations to the test. This and more in today’s ETtech Morning Dispatch.
Advent, Stripe consortium is said to drop pursuit of PayPal
The payments company, once the crown jewel of American financial technology, received a $60.50-per-share bid from Stripe and private equity firm Advent International, which valued it at more than $53 billion, Reuters reported in July, citing sources.
Startup block-deal rush puts private valuations to the cash test
A rush of block deals in newly listed Indian startups is putting private-market valuations to the test. Early investors in Groww and Meesho have made standout returns, while late-stage investments have delivered mixed outcomes. As IPO lock-ins expire, public-market price discovery is showing which private valuations hold up and how investors are cashing out.
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ETtech Explainer: Groww vs Zerodha — one wins the customer race, the other the earnings battle
Groww widened its lead in active clients and grew faster in FY26, but Zerodha remained nearly twice as large in revenue and profits. As retail trading cooled, Groww is adding products and going upmarket to monetise its larger user base, while Zerodha is protecting its mature profit pool and diversifying beyond broking.
India, Canada set $70 billion trade target, widen economic partnership
India and Canada aim to deepen economic ties, expanding beyond goods and services. They plan to scale up bilateral trade to seventy billion dollars annually by 2030. Discussions focused on investment, financial sector cooperation, and critical minerals. Canadian investors were urged to leverage India's growing economy and talent. Both nations seek to build more resilient and inclusive economies together.
Closer India-Canada economic cooperation gains importance amid global uncertainty: Sitharaman
India and Canada are strengthening economic ties amid global uncertainty. Finance Minister Nirmala Sitharaman highlighted the need for deeper partnerships. Discussions focused on investment, finance, and regulatory cooperation between the nations. Both countries explored avenues for financial sector collaboration and critical minerals. This dialogue aims to build resilient and sustainable economies for both nations.
Fintech Paramotor Digital Technology gets Sebi nod for IPO
Paramotor Digital Technology has received Sebi approval for its IPO after confidentially filing draft papers in May. The fintech and enterprise technology company operates across spend management, rewards, digital gifting and software services through four business platforms.
ET Startup Awards 2026 | Startup of the Year: Street-smart Groww outruns regulatory odds to claim top prize
With the win, Groww joins the likes of Urban Company, Lenskart, OfBusiness, Razorpay, Zomato, Zerodha, Delhivery, Swiggy, Oyo, Freshworks and Ola, all of which won the biggest honour over the 11-year history of the awards.
ET Startup Awards 2026 | Woman Ahead: Palmonas, Progcap share crown for building across sectors
Palmonas cofounder Pallavi Mohadikar and Progcap cofounder Pallavi Shrivastava jointly won the Woman Ahead award at the ET Startup Awards 2026. The jury recognised their distinct journeys in building high-impact businesses in jewellery and supply-chain finance, as both founders tackle underserved markets in the country.
FM Sitharaman cites financial sector boom to woo Canadian investors
India's Finance Minister Nirmala Sitharaman sees collaboration opportunities with Canadian banks and fintech firms. She noted India's robust financial sector and expanding investment activities for foreign entities. The minister highlighted India's digital ecosystem and 100% FDI in insurance as key attractions. Canadian investors can participate in India's growth and use it as a regional financial platform. Emerging sectors and India's economic transformation offer significant potential for investors.
Fastest-growing India has scale, growth and a young population, Sitharaman tells Canadian investors
Finance Minister Nirmala Sitharaman urged Canadian investors to tap India’s fast-growing economy, highlighting its scale, young population, expanding consumption, digital infrastructure and deepening capital markets. She also stressed opportunities in fintech, payments and financial services, as India and Canada strengthen economic ties through CEPA negotiations, uranium cooperation and plans to more than double bilateral trade by 2030.
ET Product of the Year Awards 2026: Where enterprise innovation meets measurable impact
The ET Product of the Year Awards 2026 are shifting the focus of enterprise technology evaluation from features to tangible business outcomes. Recognizing products that drive innovation and deliver measurable impact, the awards examine adoption, execution, and market success across eight key ecosystem categories. This approach highlights how technology enables organizations to operate, innovate, and grow effectively in today's competitive landscape.
British Virgin Islands seeks dedicated India investment corridor
The British Virgin Islands (BVI) is seeking to deepen its role in India’s cross-border investment ecosystem by proposing a dedicated BVI-India investment corridor as Indian companies expand overseas and global investors seek access to India.
The next 10 years of UPI promise to be bigger and better
Nowhere in the world have we witnessed a success story quite like UPI and the credit goes to NPCI, India’s most ambitious fintech
Buy, Sell or Hold: Antique initiates coverage on Astra Microwave Products; Goldman Sachs recommends Buy on Indian Hotels
Top brokerages have flagged upside in PB Fintech, Astra Microwave Products and Indian Hotels Company, with Bernstein retaining an Outperform rating on PB Fintech, Antique initiating coverage on Astra Microwave with a Buy call, and Goldman Sachs maintaining a Buy rating on IHCL. The calls point to potential gains of 29%, 20% and 16%, respectively, backed by growth prospects, strong order pipelines, strategic opportunities and potential value creation.
The Economic Times Product of the Year Awards 2026: Enterprise, Commercial & Horizontal, 27 Categories of Product Excellence
The Economic Times Product of the Year Awards 2026 are designed to highlight products delivering sustained value and setting benchmarks across business and consumer markets. With 27 categories spanning Enterprise, Commercial, and three Horizontal awards like 'Make in India' and 'Sustainable Product', the awards recognize innovation that solves real problems and drives market evolution. These accolades celebrate products that go beyond features to earn trust and define future trends.
Stock Radar: PB Fintech stock breaks out from inverse head & shoulder pattern in August; what should traders do?
PB Fintech stock has broken out from a technical pattern. Experts suggest this breakout could lead to higher stock prices. Traders can consider buying the stock for potential gains in coming months. Analysts recommend accumulating the stock on dips for expected upside.
Ahead of Vibrant Summit 2027: Gujarat CM meets global business leaders in New York to drive investments in AI, fintech, and nuclear energy
Gujarat Chief Minister Bhupendra Patel met global leaders in New York for investment opportunities. He discussed AI strategies and student skilling with Kyndryl's Global Head of Delivery. BlackRock's Senior Managing Director explored asset management and GIFT City collaborations with the Chief Minister.
Cross-border payments, India’s global UPI push in focus at GFF 2026
The seventh edition of the Global Fintech Fest (GFF) 2026 to be held in Mumbai from September 8 to 11, will bring together policymakers, central banks, regulators and fintech companies from more than 70 countries, organisers said on Thursday.
Why Zerodha’s Nithin Kamath wants fintech founders to rethink trading in the age of AI
Zerodha founder Nithin Kamath has urged fintech founders to rethink the future of trading and investing as AI, evolving market structures, regulations and emerging technologies reshape financial markets. He said brokers could eventually become little more than a “pipe” between customers and exchanges, while Rainmatter is again doubling down on fintech investments.
Citi, HSBC, StanChart adopt Ant International's forex AI tool
The Singapore-based fintech giant rolled out its Falcon Time-Series Transformer Model 2.0 and has partnered with six large banks including Citi, HSBC, Deutsche Bank, Standard Chartered, and Barclays, according to Kelvin Li, the firm's general manager of platform tech.
Can Turtlemint Fintech shares rally to Rs 190? Why Jefferies initiated coverage on the stock
Jefferies has initiated coverage on Turtlemint Fintech Solutions with a Buy rating and a target price of Rs 190, implying 37% upside. The brokerage expects revenue to grow at a 38% CAGR over three years, driven by higher premiums and take-rates.
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.
SIDBI backing is a ‘huge stamp of credibility’ for Cedar Hill Capital: Sahil Anand
SIDBI’s backing of Cedar Hill Capital’s fund marks a strong vote of confidence in its strategy of investing in AI-first enterprise FinTech, Managing Partner Sahil Anand says.
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