BUSINESS
Dhanteras brings sparkle to digital gold sales, surge by 62% in October
The sale of digital gold through online platforms has been steadily rising all year, going up from Rs 762 crore in January this year to Rs 2,290 crore in October
BUSINESS
MC Interview: Semiconductors are my latest crush, says Groww investor Ashish Agrawal
In this conversation, Agrawal explains why Peak XV resisted selling in multiple up-rounds, how early product calls set Groww apart, why public-market readiness begins years before listing and and what the firm is betting on as it looks for the next Groww.
BUSINESS
FASTag annual pass contributes to 12% of National Highway trips within 3 months of launch
Launched on August 15, the annual pass worth Rs 3,000 gives customers toll-free access up to 200 trips through National Highways in a year, translating into Rs 15 per toll passing, considerably cheaper than the regular fares.
BUSINESS
Groww’s measured pricing delivers a listing-day boost, up 31% from IPO price
Groww seemed like a company that was valued almost at par with peers, and the premium was attributed to operational metrics, rather than technology
BUSINESS
Putting most digital payments through single rail could pose systemic risks, Mastercard’s Gautam Aggarwal
RBI is probably the most advanced regulator, primarily because we have found that right balance of data sovereignty, nationalist pride, still allowing international players to co-exist, he adds
BUSINESS
Fintech firm Slice Small Finance Bank enters merchant payments and lending to take on Paytm, PhonePe
The fintech holds a slight advantage over its competitors as it is a bank that can take deposits from the public, and hence the cost of funds is lower for the company and boosting the margins
BUSINESS
Fintech firm Slice Small Finance Bank turns profitable, reports Rs 7 cr net in H1 FY26
One of the key reasons behind the improving financials was the falling cost of funds, as Slice could now receive deposits from the public, which is cheaper than loans from other financial institutions
TECHNOLOGY
RuPay hits 18% credit card market share in October, thanks to UPI
The high growth has been aided by a flurry of UPI payments-focused fintech apps launching Rupay credit cards for offline merchant transactions
BUSINESS
Kotak Securities waives API fees, launches AI Tool 'Neome'
Zero-cost APIs for algo trading and the upcoming AI research tool 'Neome' is expected to help the bank-backed brokerage firm to stabilise in a broking industry that has seen a decline in active investors during past year
BUSINESS
People mistake us for a PoS-only company, they're missing the full picture, says Pine Labs CEO Amrish Rau
Pine Labs has four equally important verticals, with prepaid business contributing to around 30 percent of the topline, Rau tells Moneycontrol
BUSINESS
Fintechs worried as new customer consent flow for accessing mutual fund portfolio to increase cost, friction
Cumbersome new process involves OTP and QR code upload, replacing the earlier one-time consent.
BUSINESS
UPI payments fail again for OpenAI as Stripe glitch disrupts free ChatGPT Go promotion in India
India has emerged as one of OpenAI’s fastest-growing markets and is now the second-largest market for ChatGPT, which has over 800 million users globally
BUSINESS
Top domestic mutual funds, AMCs and marquee global funds queue up for Groww IPO
At the IPO price band of Rs 95–Rs 100, Groww is valued at around Rs 62,500 crore ($7.1 billion)
BUSINESS
Groww anchor book sees bids worth 15X at Rs 50,000 crore; Sequoia Capital, SBI MF among investors
For FY25, the Bengaluru-based fintech reported revenue of Rs 4,056 crore and net profit of Rs 1,899 crore, with net margins of 44.85%
BUSINESS
India’s market regulator is one of the most progressive in the world: Groww’s Lalit Keshre on recent F&O curbs
Groww announced the IPO price band of Rs 95 to Rs 100, which values the company at around Rs 62,500 crore ($7.1 billion)
BUSINESS
MC Interview: No trade-offs for short-term gains: Groww CEO Lalit Keshre on IPO and long-term focus
Groww co-founder and CEO Lalit Keshre says the company won’t trade long-term focus for short-term gains. Groww’s philosophy, he insists, remains unchanged — “time in the market matters more than timing the market.”
BUSINESS
General Atlantic pumps $600 mn into PhonePe ahead of IPO
The latest round, aimed at helping employees meet ESOP-related tax obligations, doubles General Atlantic’s stake to 9% as PhonePe gears up for a $1.35 billion public listing.
BUSINESS
IPO-bound Groww enables captive algo trading with 'Groww Cloud'
Even as SEBI has been curbing derivatives trading to protect retail investors, the segment is key to the broking industry in revenue
BUSINESS
Zerodha to roll out Fixed Deposits on Coin app soon; ties up with Blostem
The Bengaluru-based discount broker’s idea behind FDs is to offer fixed-income products along with low-risk long-term investment products on the Coin platform
BUSINESS
Zerodha to offer investment in US stocks in next quarter through GIFT City
'We are working on it, and we should have something in the next quarter. It is a product launch,' CEO Nithin Kamath has said
BUSINESS
UPI mapper rule to promote interoperability triggers slugfest among payment apps, chaos for consumers
In the end, NPCI blinked. Fierce one-upmanship among UPI apps forced a rollback, restoring uneasy peace in India’s payments ecosystem
BUSINESS
A record October for UPI; Diwali boom, GST cuts fuel 13% surge in transactions
The average daily value of UPI transactions has already climbed 13 percent over September to Rs 94,000 crore. The monthly value is poised to cross Rs 28 lakh crore for the first time
BUSINESS
NPCI-backed BHIM clocked Rs 4 crore revenue, Rs 68 crore loss in FY25; transactions up four-fold after spinoff
NPCI’s move to spin off BHIM has yielded results, with the app quadrupling its transactions to 100 million within a year
BUSINESS
Digital payments hit fiscal's lowest levels in September as consumers likely waited for GST cuts
The exception to this trend was online credit card transaction value, which propelled by ecommerce festive sales, saw September month processing record-high transaction value
