
WION's Business Desk brings you this daily round up of global stories from the world of business and economy.
Paytm faces regulatory hurdles in India while Walmart, Google seize market opportunity
In the wake of a regulatory crackdown, India's leading digital payments platform, Paytm, finds itself in turbulent waters as retailers express apprehension, opening doors for retail giants Walmart and Google to make significant inroads into the market.
Toyota boosts profit outlook as earnings surge, fuelled by weak yen: Report
Japan's leading automaker, Toyota has revised its full fiscal year profit forecast upwards following robust earnings in the October to December quarter, where profits nearly doubled compared to the previous year.
Nintendo boosts Switch sales forecast, hints at new hardware launch
Nintendo has elevated its full-year Switch sales forecast to 15.5 million units, up from the previous estimate of 15 million units, driven by robust sales during the year-end shopping season.
Paytm CEO Advised by Government: No intervention in RBI clampdown
Following the Reserve Bank of India's (RBI) recent restrictions on Paytm, the company's CEO, Vijay Shekhar Sharma, met with Finance Minister Nirmala Sitharaman to discuss the matter.
Solar Industry Crossroads: Europe grapples with Chinese imports amid green energy boom
Europe's ambitious journey towards green energy is facing a significant challenge, caught in a dilemma between soaring installations driven by cheap Chinese solar panel imports and the devastating impact on local solar manufacturers.
DBS CEO's pay slashed following digital banking disruptions amid record profits
Singapore's leading lender, DBS Group, reported record-breaking full-year results, yet Chief Executive Officer Piyush Gupta faced a significant reduction in compensation due to digital banking disruptions witnessed last year.
Honda recalls 750,000 US vehicles due to airbag defect, urges prompt action
Honda announced on Tuesday that it is recalling 750,000 vehicles in the United States, citing a potential defect involving airbags that could unintentionally deploy during a crash.
China escalates crackdown on short-selling with stringent measures
In a move to curb short-selling, China's securities regulator announced on Tuesday a series of stringent measures, including the suspension of brokerages from borrowing shares for lending and imposing a cap on the size of securities re-lending businesses.
Disney, Fox, Warner Bros Discovery unite to launch sports streaming platform
In a new collaboration, Fox Corp, Disney, and Warner Bros Discovery announced on Tuesday their plans to introduce a joint sports streaming service in the upcoming autumn, aiming to capture the attention of younger audiences increasingly turning away from traditional television.