Latest news with #DISA
Mint
3 days ago
- Business
- Mint
Paytm share price rallies 5% after RBI gives nod to operate as online payment aggregator. Should you buy?
One 97 Communications, the parent firm of Paytm, share price surged 5.27 per cent to ₹ 1,183.60 on the NSE in Wednesday's trading session after the Reserve Bank of India (RBI) granted in-principle approval to its wholly owned unit, Paytm Payments Services Ltd (PPSL), to function as an online payment aggregator. Paytm share price has remained largely positive in the near-term. The stock has given multibagger returns in last one year by surging over 132 per cent. In the short-term, Paytm stock has gained 20 per cent in a month and nearly 55 per cent in six month. The RBI, in its communication, clarified that the approval granted to PPSL is conditional on its compliance with the Guidelines on Regulation of Payment Aggregators and Payment Gateways and the related clarifications issued on March 31, 2021. The authorisation applies solely to PA activities as defined in these guidelines, and transactions beyond this scope — such as merchant 'pay-outs' — cannot be processed through escrow accounts meant for PA operations. Additionally, the central bank has instructed PPSL to carry out a thorough system audit, including a cybersecurity audit, to be conducted by a CERT-In empanelled auditor or a qualified professional holding CISA or DISA certification. The audit must also cover adherence to the Master Direction on Cyber Resilience and Digital Payment Security Controls for non-bank Payment System Operators, as well as compliance with the RBI's circular on the Storage of Payment System Data. The audit report must be sent to the RBI within six months from the date of the letter; otherwise, the in-principle authorisation will automatically expire. Furthermore, PPSL has been instructed to obtain prior approval for any changes in its shareholding or ownership. Brokerage firm JM Financial, while reiterating 'buy' tag with target price of ₹ 1,300, said that this could be a big sentimental trigger as the approval likely becomes a precursor to further regulatory clearances for Paytm. ' The approval marks a significant regulatory milestone for the company and also lifts the ban on on-boarding new merchants, which had been in place since Nov'22 when PPSL's earlier application was rejected. As highlighted in our earlier note on regulatory triggers, we expected this to have c.5% benefit to Paytm's FY27E EBITDA. We value Paytm at 40x Jun'27 Adj. EBITDA of INR 18.5bn to reach Jun'26 TP of INR 1,320, implying 17.9% upside at CMP. Moreover, there still remains the optionality of further regulatory triggers such as UPI monetisation and Paytm wallet that could each result in c.25-30% rise in our EBITDA estimates,' it said. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Economic Times
3 days ago
- Business
- Economic Times
Paytm Payments Services gets 'in-principle' nod from RBI to operate as online payment aggregator
Paytm Payments Services Limited on Tuesday said it has received in-principle nod from the Reserve Bank of India (RBI) operate as an Online Payment Aggregator under the Payment and Settlement Systems Act, 2007. The approval is subject to compliance with the RBI's Guidelines on Regulation of Payment Aggregators and Payment Gateways issued on March 17, 2020, and related clarifications released on March 31, 2021, One97 Communications Ltd informed the exchanges. The authorisation applies only to online payment aggregator activities defined in the guidelines and excludes transactions outside their ambit, such as 'pay-out' transactions for merchants through the designated escrow account. As part of the conditions, RBI has advised PPSL to conduct a system audit, including a cyber security audit, through a CERT-In empanelled auditor, a Certified Information Systems Auditor (CISA) registered with ISACA, or a holder of the DISA qualification from the Institute of Chartered Accountants of India. The audit must also assess compliance with the Master Direction on Cyber Resilience and Digital Payment Security Controls for non-bank payment system operators issued on July 30, 2024, and the RBI's circular on payment system data storage dated April 6, 2018. The company must submit the system audit report within six months from the date of the letter. Failure to do so will result in the in-principle authorisation lapsing automatically, and the final authorisation will not be considered, Paytm informed. RBI has also advised PPSL to follow the July 4, 2022 guidelines on obtaining prior approval in cases of change in shareholding, acquisition of control, or transfer of payment system activities for non-bank payment system operators.
Time of India
3 days ago
- Business
- Time of India
Paytm Payments Services gets 'in-principle' nod from RBI to operate as online payment aggregator
Paytm Payments Services received in-principle approval from the RBI to operate as an Online Payment Aggregator, subject to compliance with regulatory guidelines. The approval mandates a system audit, including a cyber security assessment, to be completed within six months. Failure to comply will result in the authorization lapsing, and adherence to guidelines on shareholding changes is also required. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Paytm Payments Services Limited on Tuesday said it has received in-principle nod from the Reserve Bank of India RBI ) operate as an Online Payment Aggregator under the Payment and Settlement Systems Act , approval is subject to compliance with the RBI's Guidelines on Regulation of Payment Aggregators and Payment Gateways issued on March 17, 2020, and related clarifications released on March 31, 2021, One97 Communications Ltd informed the authorisation applies only to online payment aggregator activities defined in the guidelines and excludes transactions outside their ambit, such as 'pay-out' transactions for merchants through the designated escrow part of the conditions, RBI has advised PPSL to conduct a system audit, including a cyber security audit , through a CERT-In empanelled auditor, a Certified Information Systems Auditor (CISA) registered with ISACA, or a holder of the DISA qualification from the Institute of Chartered Accountants of audit must also assess compliance with the Master Direction on Cyber Resilience and Digital Payment Security Controls for non-bank payment system operators issued on July 30, 2024, and the RBI's circular on payment system data storage dated April 6, company must submit the system audit report within six months from the date of the letter. Failure to do so will result in the in-principle authorisation lapsing automatically, and the final authorisation will not be considered, Paytm has also advised PPSL to follow the July 4, 2022 guidelines on obtaining prior approval in cases of change in shareholding, acquisition of control, or transfer of payment system activities for non-bank payment system operators.
Yahoo
06-08-2025
- Business
- Yahoo
DISA Technologies Closes Oversubscribed $30M Series A2 Round to Accelerate Mineral Processing & Uranium Remediation Solutions
Evok Innovations and Constellation Technology Ventures Lead Investment in Scalable Technology for Critical Mineral Liberation and Legacy Waste Cleanup CASPER, Wyo., Aug. 6, 2025 /PRNewswire/ -- DISA Technologies Inc. (DISA), a company pioneering high-impact solutions for mineral recovery and uranium remediation, has closed its oversubscribed Series A2 financing round. DISA raised a total of $30 million in private capital, including $23 million in primary funding and $7 million in secondary to accommodate oversubscription and provide liquidity for early angel investors. The round was led by Evok Innovations with cornerstone strategic investment from Constellation Technology Ventures (CTV), the venture investing organization within Constellation, the nation's largest producer of reliable, emissions-free energy and participation from Valor Equity Partners, Veriten, and existing backers including Halliburton Labs. DISA's patented High-Pressure Slurry Ablation (HPSA) technology was developed to serve both modern mineral processing and environmental remediation needs—delivering a cleaner, faster and more efficient way to liberate valuable minerals. HPSA is now being scaled for deployment across two critical applications: improving grades and recoveries of critical minerals for mining operators, and cleaning up Abandoned Uranium Mine (AUM) waste by recycling uranium and vanadium while reducing environmental liability. "We're proud to have the support of such forward-thinking partners who share our vision: increasing the global production of critical minerals and converting toxic legacy waste into strategic assets that advance American sustainability, energy resilience, and national security," said Greyson Buckingham, DISA's CEO, President and Co-Founder. "This investment allows us to accelerate commercial deployment of HPSA units for both mining operators and uranium remediation stakeholders." "We're especially grateful to Evok for believing in DISA from the beginning, and to Constellation for their bold leadership in shaping America's energy future," Buckingham added. "We're also excited to welcome Veriten and Valor Equity Partners to the team, and deeply appreciate the continued support from Halliburton Labs and our other existing investors who have helped make this next chapter possible." CTV's investment highlights the strategic importance of DISA's accelerating uranium remediation work. Following a successful 2023 EPA Treatability Study, DISA signed an MOU with the Navajo Nation EPA to launch a Phase 2 commercial-scale demonstration project. In April 2025, DISA's application for an NRC Service Providers License (SPL) was accepted for technical review, with completion of the licensing action decision expected by September. Constellation's backing strengthens DISA's position as the nation's first licensed provider focused on AUM remediation. "At Constellation, we recognize that securing America's energy future starts with securing its fuel supply," said Bryan Hanson, Chief Generation Officer, Constellation. "DISA's innovative approach aligns with our goal to strengthen domestic energy resilience and deploy cutting-edge technologies that support clean, reliable energy." Evok Innovations and Valor Equity Partners bring deep strategic value to DISA—Evok through its focus on cutting-edge energy innovation, and Valor through its operational expertise with high-growth companies. Veriten adds industry insight and connectivity across the energy landscape, while Halliburton Labs continues to be a vital collaborator supporting founder-led innovation. "Valor Equity Partners is proud to invest in DISA, a company that embodies innovation and possesses significant growth potential. Our investment reflects our belief in the company's vision and leadership team, along with our focus on disruptive technologies that are making the world a better place. We are grateful for the opportunity to partner with DISA in this next phase of growth," said David Heskett, Operating Partner at Valor Equity Partners. "Halliburton Labs reaffirms its support of DISA through this strategic investment," said Andres Cabada, managing director at Halliburton Labs. "DISA's innovation in mineral processing and remediation creates meaningful value for resource owners and other stakeholders. We welcome the opportunity to collaborate as DISA advances its commercialization efforts and expands its operations. We look forward to their success". "Investing in DISA is an opportunity to catalyze groundbreaking uranium remediation solutions that can have downstream impacts on our energy landscape. Complemented by their entrepreneurial founder-led team, we are excited to begin this partnership," said Maynard Holt, Founder and CEO of Veriten. DISA has successfully executed several key milestones over the last 24 months, and this funding round will enable the company to scale its operations and expand the capabilities of HPSA faster than ever. For more information about DISA and its solutions, please visit About DISA Technologies Founded in 2018, DISA Technologies is revolutionizing mineral recovery through its patented High-Pressure Slurry Ablation (HPSA) technology—an innovative solution that upgrades critical minerals from mined ore and legacy waste. Serving both the mining and remediation sectors, they recover valuable resources that power industry, strengthen energy independence and restore contaminated sites to productive use. DISA's technology unlocks economic and environmental value, transforming how the world processes, remediates and recycles essential mineral assets. DISA is headquartered in Casper, Wyoming, with a satellite office in Westminster, Colorado. About Evok Innovations Launched in 2016 through a partnership between Suncor, Cenovus and the BC Cleantech CEO Alliance, Evok Innovations (Evok), is committed to developing and deploying cutting-edge clean energy technology. Evok's inaugural fund aimed to accelerate the development of critical energy transition technologies across North America. The fund has made 16 investments in decarbonization technologies, ranging from clean hydrogen and carbon-to-value, to long-duration energy storage. Building on this legacy, Evok launched Fund II in 2022, which targets early-stage investments across North America in key industrial decarbonization verticals, including carbon capture use and storage (CCUS), low-carbon fuels, clean energy and grid innovations, mobility, advanced materials and circularity. About Constellation Technology Ventures Constellation Technology Ventures (CTV) is the venture investing organization within Constellation, the United States' largest producer of clean, carbon-free energy and a leading supplier of energy products and services to businesses, homes, community aggregations and public sector customers. The mission of CTV is to drive innovation by investing in venture-stage energy technology companies that can provide new solutions to Constellation and its customers. CTV invests in companies exploring innovative energy technologies and business models, building a portfolio that represents a broad range of development stages and technology types. About Valor Equity Partners Valor Equity Partners is an operational growth investment firm focused on investing in high-growth companies across various stages of development. For decades, Valor has served its companies with unique expertise to solve the challenges of growth and scale. Valor partners with leading companies and entrepreneurs who are committed to the highest standards of excellence and the courage to transform their industries. For more information on Valor Equity Partners, please visit About Veriten's NexTen Fund The NexTen fund leverages Veriten's broad network and expertise to invest in reliable, sustainable, scalable, and economically viable energy solutions. Dedicated to understanding the constantly evolving, volatile, and often noisy and confusing energy landscape, the firm has now backed 13 innovative, private companies poised to capitalize on long-term, global energy trends. About Halliburton Labs Halliburton Labs is a collaborative environment where entrepreneurs, academics, investors, and experienced practitioners advance the future of energy faster. Halliburton Labs provides access to world-class facilities, a global business network, commercialization expertise, and financing opportunities to help participants scale their business. Visit the company's website at Halliburton Labs. Connect with Halliburton Labs on LinkedIn and Instagram. Halliburton Labs is a wholly owned subsidiary of Halliburton Company (NYSE: HAL). View original content to download multimedia: SOURCE DISA Technologies, Inc. Fehler beim Abrufen der Daten Melden Sie sich an, um Ihr Portfolio aufzurufen. Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten
Business Insider
18-06-2025
- Business
- Business Insider
Leidos awarded $35M contract by DoD
Leidos (LDOS) will help accelerate decision making across the Department of Defense, or DoD, by modernizing the Defense Information Systems Agency, or DISA, tools that transfer critical data between classified and unclassified networks. Under a five-year, $35M award for the Cross-Domain Enterprise Services program, Leidos will integrate the design, engineering and operations of DISA's data-sharing platform to enable faster, more agile mission performance. The award is part of a Systems Engineering Technology and Innovation indefinite delivery/indefinite quantity contract. Confident Investing Starts Here:
