Digital payments in India have recorded a 90-fold increase in the last 12 years, Reserve Bank of India governor Shaktikanta Das said on Monday. He said that India accounts for nearly 46 per cent of the world’s digital transactions, adding that this is reflected in the Reserve Bank's Digital Payment Index, which has seen a four-fold rise in the last five years.

RBI Governor Shaktikanta Das hails UPI. Here's what he said

Family-led philanthropy is well-placed to address the funding gap in India's social sector, while the ultra-rich are increasingly focusing on under-represented segments like arts, culture and heritage, and environment and sustainability, says a new report released on Thursday.

'India Philanthropy Report 2024': HNIs and affluent take the lead in social sector spending

WION's Business Desk brings you this daily round up of global stories from the world of business and economy. Second mansion of Evergrande chairman hits market amid liquidation In the latest development surrounding China Evergrande Group's financial turmoil, a second mansion once owned by the company's chairman, Hui Ka Yan, has been listed for sale by receivers, as reported by property agent Savills.

WION Business Wrap | China's manufacturing slump, oil prices surge and more

WION's Business Desk brings you this daily round up of global stories from the world of business and economy. Paramount global surprises with streaming growth despite missing revenue estimates Paramount Global's quarterly revenue disappointed Wall Street on Wednesday, even after posting a profit boosted by streaming gains that overshadowed a sluggish advertising market.

WION Business Wrap | From Japan to the U.S: Top business and economy stories of the day

India's space sector is taking off. Prime Minister Narendra Modi has inaugurated India's second spaceport in Tamil Nadu's Kulasekharapatnam. Reports suggest the new spaceport will eliminate the need to avoid Sri Lanka's airspace.

Is 2024 the year India's space sector will come of age?

WION's Business Desk brings you this daily round up of global stories from the world of business and economy. Sony announces layoffs and studio closure while challenges loom in the gaming sector Sony has revealed plans to lay off approximately 900 employees from its PlayStation unit and shut down a London-based studio, according to an announcement made on Tuesday.

WION Business Wrap | The top business stories of the day summarised

WION's Business Desk brings you this daily round up of global stories from the world of business and economy. Byju's investors forge ahead with CEO ousting amid legal hurdles and financial turmoil The meeting, organised by a consortium of shareholders including global tech investor Prosus, is poised to deliberate on Raveendran's removal amid a backdrop of profound financial distress and legal entanglements that have engulfed the company over the past year.

WION Business Wrap | Nvidia's soaring stock, Nikkei's resurgence and more

India is the third-largest digitalised country in the world, just behind the United States and China, says a new report by a Delhi-based think tank. The 'State of India's Digital Economy 2024' report by the Indian Council for Research on International Economic Relations shows that the state of digitalisation is better than economically-advanced countries.

Reading the fineprint: India is the third-largest digitalised country, says report

WION's Business Desk brings you this daily round up of global stories from the world of business and economy. Ukraine refuses to remove Raiffeisen from "Sponsors of War" blacklist: Report In a move intensifying geopolitical tensions, Ukraine has stood firm on its decision not to remove Raiffeisen Bank International from its "sponsors of war" blacklist despite pressure from Austrian political leaders and the bank itself.

WION Business Wrap | Nvidia, Fed bank stress test, Paytm crisis and other stories

Japan's stock market is booming. The Japanese stock market index, Nikkei, has breached the 37,000-mark for the first time since 1990. This marks the resurgence of Japan's share market, long shunned by global investors for its meagre returns.

Flashback Friday | How the asset price bubble dragged Japan's economy

WION's Business Desk brings you this daily round up of global stories from the world of business and economy. India to set up 'Bharat Mart' in Dubai: All you need to know about the warehouse facility As part of its ambition to displace China as the global supply chain hub, India is setting up a warehouse facility, named 'Bharat Mart', in the United Arab Emirates.

WION Business Wrap | Nvidia's valuation surge, Japan slips into recession & more

WION's Business Desk brings you this daily round up of global stories from the world of business and economy. India nears landmark $100 bn investment pact with Switzerland, Norway India is on the brink of finalising a trade agreement that could potentially unleash a wave of investment worth $100 billion over 15 years from a select group of European nations.

WION Business Wrap | S&P 500's historic high, soaring cocoa prices & more

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