The Reserve Bank of India (RBI) says that tokenisation is the replacement of actual card details with an alternate code called the token.

Revenue collection from goods and services tax (GST) has been trending at over ₹1.4 lakh crore in the past six months consecutively but has not crossed the ₹1.5-lakh-crore-mark yet on a consistent basis.

Bitcoin was down less than 1% to $20,140 as of 10:27 a.m. in New York after a near-10% plunge on Tuesday. Ether, the native token of Ethereum, decline for a third day, dropping about 1% to $1,590.

India's merchandise exports rose to $33.92 billion from $33.38 billion in the same month last year, while imports rose to $61.90 billion in August from $45.09 billion last year.

India's top IT services firms have started freezing or cutting staff bonuses, worried that tightening budgets at US and European clients who are bracing for a recession will sharply hit their own profit as the pandemic-led boom fades out.

Revenue for the first four months of this fiscal year stood at 45.30 billion rupees.

International Energy Agency: World oil consumption will increase by 2 million barrels a day this year -- about 110,000 a day less than previously forecast -

The 30-share index rebounded more than 1,200 points from the early lows before settling at 60,346.97 points, a total loss of 224.11 points or 0.37 per cent compared to Tuesday's closing level.

Other billionaires in the top 10 list including Warren Buffett, Bill Gates, Larry Page, Bernard Arnault and Sergey Brin witnessed losses of wealth in a single day.