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BusinessPhoto: ET MarketsNomura has started coverage on Paytm with a Buy rating and a target price of Rs 2,250, suggesting a 31% upside. The brokerage forecasts EBITDA growth at a 96% CAGR from FY26 to FY29, driven by payments, merchant lending, AI cost efficiencies, and potential UPI MDR revenue. International expansion and the enterprise AI product Pi add further growth prospects.
ET Markets·
PoliticsPhoto: Amar UjalaThe Supreme Court is scheduled to hear the case on SIR today. A CPI(M) Member of Parliament expressed hope that the verdict will favor democracy. Further statements from the MP regarding the case have also been noted, emphasizing the importance of democratic principles in the decision.
Amar Ujala·
BusinessPhoto: HT WorldKiwibank in New Zealand launched Buck, a bright green AI sheep mascot, to promote its services. However, the mascot became the subject of explicit and NSFW memes online, starting with a viral tweet that sexualized Buck. The state-owned bank responded by filing copyright claims and released a video where Buck addresses the controversy, expressing shock at the inappropriate content.
HT World·
BusinessPhoto: ET TechThe Food Safety and Standards Authority of India (FSSAI) is expanding regulatory scrutiny across the food supply chain, which may lead to higher compliance costs and operational delays for food companies, restaurants, and quick-commerce platforms, according to a report by Jefferies.
ET Tech·
PoliticsPhoto: The News MinuteOn October 10, 2026, Cockroach Janata Party founder Abhijeet Dipke and leaders Saurav Das and Ashutosh Ranka were detained on their aircraft upon arrival in Delhi. YouTuber Dhruv Rathee was also detained at his Gurugram residence. These detentions occurred before a planned protest at Jantar Mantar against alleged irregularities in the Special Intensive Revision of electoral rolls and demands for Chief Election Commissioner Gyanesh Kumar's resignation.
The News Minute··Delhi
PoliticsPhoto: Times of IndiaThe Supreme Court upheld the Madras High Court ruling that individuals converting from Hinduism to Islam cannot claim reservation benefits under the Backward Class category. Justices PK Mishra and Shree Chandrashekhar stated that moving from a Hindu to a non-Hindu social order disqualifies one from such benefits. The Tamil Nadu government had challenged the high court's quashing of its recognition of seven Muslim sects as Backward Classes.
Times of India··Chennai
ET Markets·
Photo: ET MarketsNomura has started coverage on Paytm with a Buy rating and a target price of Rs 2,250, suggesting a 31% upside. The brokerage forecasts EBITDA growth at a 96% CAGR from FY26 to FY29, driven by payments, merchant lending, AI cost efficiencies, and potential UPI MDR revenue. International expansion and the enterprise AI product Pi add further growth prospects.
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