Paytm says NPCI RuPay fee cut has immaterial impact on earnings

Business Desk — Wed, 11 Mar 2026 03:44:38 +0000

Paytm has disclosed that the National Payments Corporation of India’s revision to TPAP and Payer PSP fees for RuPay Credit Card on UPI transactions will have no material impact on the company’s financials.

Effective April 1, 2026, NPCI reduced TPAP fees for consumer UPI apps from 8 basis points to 6 basis points in the Non-Industry category and from 4 basis points to 3 basis points in the Industry category. The company clarified that this fee reduction affects only consumer UPI app revenue and has no bearing on merchant acquiring revenue, where Paytm maintains market leadership.

Paytm emphasised that the vast majority of its payments revenue derives from merchant payments, where it earns Merchant Discount Rate (MDR) directly from merchants. The company stated that its overall payment processing margin remains comfortably above 4 basis points and continues to grow through adoption of high-margin products such as Paytm Postpaid, EMI and RuPay Credit Card on UPI. The circular does not impact merchant MDR pricing, as the company sets these rates independently for its merchant base.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Advait Energy clarifies 95% lead role in Rs 100 crore DGVCL order

Business Desk — Mon, 09 Mar 2026 13:55:20 +0000

Advait Energy Transitions Limited has clarified its dominant role in a ₹100 crore turnkey project order from Dakshin Gujarat Vij Company Limited (DGVCL), following media reports and enquiries from stock exchanges on March 6, 2026.

The company was the lead bidder with a 95% stake in the project, while HEC Infra Projects Limited held minimal participation of 5% in collaboration with Advait Energy. The company had already disclosed the order award to the National Stock Exchange of India and BSE on December 19, 2025, upon receipt of the Letter of Award (LoA). Advait Energy had received L1 status on October 13, 2025, followed by the LoA on December 19, 2025.

In response to stock exchange queries, Advait Energy confirmed that no new order or contract was awarded on March 5 or 6, 2026. The company stated it had no involvement in the media publication and reiterated full compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company further confirmed no material information relevant to share price movements remained undisclosed and no regulatory or legal proceedings had been initiated in relation to the matter.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

This article is written by Business Desk and reviewed by Markets Desk before publication.

Regulatory disclosure | Business Upturn

Paytm says NPCI RuPay fee cut has immaterial impact on earnings

Advait Energy clarifies 95% lead role in Rs 100 crore DGVCL order