Bloomberg Paytm, India’s leading digital payments brand, said its first-quarter loss widened by almost 70% on higher costs, and reiterated that the company is on track to hit operational profitability by September 2023. The loss in the April-June period climbed to 6.44 billion rupees ($81 million) from 3.8 billion rupees a year earlier, the company said. Revenue rose 89% ...

  Bloomberg Japan should reduce corporate taxes on crypto to prevent entrepreneurs leaving the country, one of nation’s most high-profile crypto businesspeople said. “At least 20 or more” firms have opted to establish their crypto business abroad rather than Japan because of high levy, said Sota Watanabe, CEO of Web3 infrastructure developer Stake Technologies, in an interview. Watanabe said he ...

  Bloomberg ING Groep NV reported second-quarter profit that beat analyst estimates after freeing up provisions for its shrinking business in Russia. Net income of 1.18 billion euros ($1.2 billion) in the three months through June compared with expectations for profit of 1.07 billion euros, according to a statement by the Dutch lender. Loan loss provisions of 202 million euros ...