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NPCI’s surplus (profit) declined 32% to Rs 991 crore in FY26 from Rs 1,461 crore in the previous fiscal.
The board is scheduled to meet on September 17 to evaluate various fundraising options, including the issuance of equity shares, warrants, convertible securities, or other approved instruments.
The government has, however, specified that banks and other system providers cannot impose any charge on RuPay-powered debit cards and UPI payments of up to Rs 2,000.
August was defined by Trump’s crypto push, US regulatory moves, stablecoins and India’s tokenisation ambitions.
The overall value of merchant category-wise purchases via UPI fell to Rs 8.95 lakh crore in August from Rs 9.07 lakh crore in July, even as transaction volumes rose.
The round also saw participation from Sony Innovation Fund, Gaja Capital, Artha Ventures and other investors.
The MoU will initially remain valid for three years and can be renewed through mutual agreement.
The latest transaction comes weeks after NewQuest sold 1.25 crore Shadowfax shares for around Rs 300.6 crore in August at Rs 240.46 per share.
Bajaj Finance has been using TrueFan AI’s platform at scale to create millions of personalised videos for customer engagement and dealer communication.
Circle will also grant Tazapay employees restricted stock units worth an aggregate $25 million after the acquisition closes.
The six-month extension is expected to provide some breathing room to PAs that were unlikely to complete the exercise across their entire merchant base by September 15.
The hiring will focus on engineering, product and treasury operations.
Innoviti's net loss narrowed by 57% to Rs 26.7 crore in FY26 from Rs 62.1 crore in the previous fiscal.
Enrission India head Harsh Deodhar says that its association with Indian IITs is a "good selling point" to the Japanese LPs.
The shares were acquired by a range of institutional investors, including Societe Generale - ODI and Motilal Oswal Large and Midcap Fund.
The Noida-based startup will use the funding to expand its AI tutoring platform and reach more schools and students.
Karthik brings more than 25 years of experience spanning operations, technology, analytics, and risk management.
The latest deal comes days after another large block transaction on August 28, when nearly 2.95 crore Lenskart shares worth Rs 1,857 crore changed hands at Rs 630 apiece.
Certain assets of the RemitX forex and cross-border business will be transferred to Niyo's subsidiary Kanji Forex.
The funding round also witnessed participation from several industrial entrepreneurs and existing investors, including Nikhil Sawhney and Varun Agarwal.
