New Delhi, July 22 (IANS) Global brokerage Bernstein said that fintech pioneer Paytm’s financial services distribution business was the standout of its June-quarter performance, with revenue up 45 per cent (year-on-year) to Rs 814 crore, as cross-sell of credit and other financial products continued to improve.The brokerage maintained its ‘Outperform’ rating, with a price target of Rs 1,500.Bernstein said Paytm’s Q1 FY27 results supported its investment thesis of “non-linear profit growth” d…
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Mumbai, July 20 (IANS) Paytm (One 97 Communications Limited), India’s full stack merchant payments leader serving MSMEs and enterprises, and a leading financial services distribution company, and the pioneer of mobile payments, QR codes, and Soundbox, on Monday announced its financial results for the quarter ending June 2026 (Q1 FY 2027), reporting its highest ever quarterly EBITDA, driven by growth acceleration across merchant and consumer businesses, EBITDA margin expansion, and AI-led accel…
New Delhi, July 15 (IANS) Union Commerce and Industry Minister Piyush Goyal on Wednesday said the India-UK Comprehensive Economic and Trade Agreement (CETA) has come into force under the leadership of Prime Minister Narendra Modi, calling it a defining milestone in bilateral ties.In a post on X, the minister said the India-UK CETA, along with the Agreement on Social Security has become operational, providing zero-duty market access for nearly 99 per cent of India’s exports and covering almost 10…
New Delhi, July 14 (IANS) India’s banking, financial services and insurance sector (BFSI) recorded 65 deals worth $3.2 billion in the Q2 2026, with overall deal values rising 58 per cent quarter on quarter driven by strategic M&A transactions, a report said on Tuesday.The report from Grant Thornton Bharat LLP said the increase in value was primarily driven by a single large-ticket transaction, with the sector accounting for 11 per cent of overall deal volumes and 8 per cent of total deal v…
New Delhi, July 8 (IANS) Households in India’s South region showed the highest multi‑service digital financial services adoption at over 70 per cent, while stark regional differences in access, trust and usage metrics pointed to a need for products that match irregular incomes, a report said on Wednesday.The report from PwC India and Dvara Research Foundation found that combining digital channels with physical touchpoints — a “phygital” model — produces the strongest enrolment and su…
New Delhi, July 7 (IANS) India’s fintech sector is shifting focus from growth to trust, governance and resilience as nearly 59 per cent of firms rank reputation and brand risk as a high‑severity concern or the highest risk facing them, a report said on Tuesday.The report from Fintech Association for Consumer Empowerment (FACE) and Grant Thornton Bharat said reputation risk was followed by interoperability and infrastructure risk at 51 per cent.The report noted that customer trust can be affe…
New Delhi, June 30 (IANS) India recorded its highest-ever monthly private equity (PE) and venture capital (VC) fundraises in May amid geopolitical uncertainties, according to a report released on Tuesday.The report from EY-IVCA showed that total fundraising surged to a record $11.3 billion across 10 funds during the month, up from $646 million raised across six funds in April and $3 billion across 12 funds in May last year.The largest fundraiser during the month raised $10.5 billion, including a…
New Delhi, June 24 (IANS) India’s Account Aggregator ecosystem facilitated nearly 3.8 crore financial products and services in FY26 and has delivered over 45 crore cumulative consents and more than 500 crore data fetches, a report said on Wednesday.The report from the industry alliance of India’s Account Aggregator (AA) ecosystem — Sahamati — said the network now processes over 7 lakh consents daily and underlined AA ecosystem’s evolution beyond credit underwriting into a broader financial ser…
New Delhi, June 10 (IANS) Commerce and Industry Minister Piyush Goyal on Wednesday held a review meeting with the officials from ONDC and Nirmit Bharat here.The discussions focused on leveraging open digital networks to transform retail and distribution ecosystems, bring small producers and artisans onto digital platforms, strengthen logistics and mobility services through innovative digital solutions.“Emphasised how these efforts have the potential to deepen market access, improve service del…
Brussels, June 9 (IANS) The European Commission has proposed the 21st package of sanctions against Russia, targeting key sectors including energy, financial services and crypto, trade and, for the first time, fisheries, European Commission President Ursula von der Leyen said Tuesday.According to a statement released by the Commission, the proposed measures include suspending the automatic adjustment mechanism of the oil price cap until next January, which would allow oil markets to stabilise whi…