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Paytm declares Q2 results, earns Rs 930 crore as windfall gains by way of sale of ticketing business to Zomato

Notably, in the absence of this windfall gain, Paytm's finances would still be in red, with the com…

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Credit card growth experiencing a slowdown, as borrowers struggle to pay back loans

Growth in credit card spending across the system has dropped to about 13% year-on-year (y-o-y) in A…

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3 mins read

SC to hear plea related to insolvency proceedings against ed-tech firm Byju's on Sept 17

The Supreme Court will hear on September 17 the appeal of US-based creditor Glas Trust Company LLC …

PTI   


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An expert in the risks of alcohol drank heavily for years. His 'dry by default' rule helped him drink less, lose weight, and live a fuller life.

Growing evidence is challenging the idea that drinking in moderation is healthy. Here's how the CEO…

Serafina Kenny   


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Instagram is rolling out Teen Accounts by default. It's about time.

Instagram will turn on more restrictive settings by default for all users under 18. The "Teen Accou…

Katie Notopoulos   


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1 min read

After outrage, Govt clarifies: tax clearance certificate only for people with tax dues, high-value defaulters

As per section 230 of the Income-tax Act, 1961, every person is not required to obtain a tax cleara…

PTI   


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I chose to be the default parent. It's not always easy but it works for our family.

I got laid off while pregnant. I became the default parent to our kids and while it can be hard, it…

Elliott Harrell   


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S&P downgrades Vedanta Resources to 'selective default' after debt extension

S&P Global Ratings has downgraded debt-laden Vedanta Resources Ltd to 'selective default' after the…

PTI   


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Satya Nadella says Google should've been the 'default winner' of the AI race

Satya Nadella said Google has the resources that should've made it the Big Tech AI leader. Instead,…

Jyoti Mann   


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Banks should pass reasoned orders while declaring entity/person wilful defaulter: HC

The Bombay High Court has said banks and financial institutions should pass reasoned orders before …

PTI   


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Fitch Ratings: Indian banks' viability ratings set to flourish amid improved conditions

Fitch foresees the continuation of robust Viability Ratings (VR) for Indian banks, largely propelle…

ANI   


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Have a home loan? Take a term insurance policy to guarantee peace of mind

Any individual who is looking to take on a loan needs to factor in ways to mitigate the risks that …

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Defaults skyrocketed last year to the highest tally since the start of the pandemic - and 2024 is set to bring more pain to corporations

Among non-financial companies, corporate defaults nearly tripled last year compared to 2022, and Mo…

Phil Rosen   


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Companies have extended their debt maturities, averting a 'tsunami of defaults' from higher rates, Bernstein says

"We expect a moderate default rate for the next 12 to 18 months — around 4% to 5% — rather than a t…

Filip De Mott   


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The real estate market is a 'slow moving train wreck' as experts warn of a looming $700 billion default

While the rise of remote work has slammed the office market, high interest rates have pushed commer…

Aruni Soni   


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RBI bats for borrowers, releases guidelines to prevent lenders from levying penal interest on loan defaults

The Reserve Bank of India (RBI) has released guidelines instructing lending institutions to clearly…

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2 mins read

The US debt situation looks 'unsustainable,' and corporate defaults are rising, IMF warns

"Under unchanged policies, debt dynamics in the US are very unfavorable," according to the Internat…

Jennifer Sor   


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Rising corporate bankruptcies and debt defaults are another headwind for the economy, experts warn

Bankruptcies and debt defaults are still rising and will peak sometime over the next two quarters, …

Jennifer Sor   


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Twitter to make dark mode default says Elon Musk

As Twitter is being rebranded as X, its owner Elon Musk on Friday announced that the company will m…

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China's troubled property giant Country Garden has reportedly defaulted on a bond payment

The world's second largest economy is dealing with a real estate slump that has crippled massive de…

Phil Rosen