Thursday, August 06
One 97 Communications, which operates fintech platform Paytm, saw its shares surge 9% to hit the day's high of Rs 1,244.05 on the BSE in an otherwise weak trading session. The price action was accompanied by a strong volume, which jumped 1.5 times on the BSE. The rally is believed to be on the back of a Rs 2,000 crore incentive allocation for UPI and RuPay in Budget 2026. This is 4.6X the allocation made by the government in the Budget 2025.Commenting on the development, Anup Agarwal, Co-founder at Kiwi, said the move reinforces the importance of a sustainable digital payments ecosystem. "As UPI continues to scale across transactions and use cases, the role of NPCI in maintaining interoperability, reliability, and low-cost access remains central. Sustained incentives are critical to preser
