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1 min read

P N Gadgil Jewellers' Rs 1,100-cr IPO to open on Sep 10

The Maharashtra-based company's IPO is a combination of a fresh issue of equity shares worth up to …

PTI   


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2 mins read

Adani Enterprises' NCDs to offer around 9.99% returns, higher than FDs, says Adani CFO

Group CFO Jugeshinder Robbie Singh announced on Thursday that the non-convertible debentures (NCDs)…

ANI   


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2 mins read

A major student-loan company is 'improperly' rejecting some borrowers for debt cancellation they qualify for, 18 Democratic lawmakers say

Sen. Elizabeth Warren is leading her colleagues in asking student-loan company Navient for answers …

Ayelet Sheffey   


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Debt, equity holders approve merger of IDFC with IDFC First Bank

The board of the bank presented the result of voting on the proposal for amalgamation before the…

PTI   


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The market is flashing signs of a dangerous debt bubble with losses that could be 'contagious,' economist says

US stocks could be seeing one of the most problematic types of asset bubbles, according to one Gold…

Jennifer Sor   


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2 mins read

A federal court just dealt a blow to 30 million student-loan borrowers by blocking Biden from carrying out his second try at broad debt cancellation

A federal court put a temporary restraining order on Biden's second try at broad student-loan forgi…

Ayelet Sheffey   


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1 min read

NCLAT judge recuses from hearing Raveendran's plea against insolvency proceedings of Byju

Raveendran had filed a petition challenging the initiation of insolvency proceedings against Think …

PTI   


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Ayelet Sheffey   


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7 mins read

The rise of Airbnb CEO Brian Chesky, who overcame the COVID-19 travel slump and is now leading the company through rental crackdowns

Brian Chesky, Airbnb's 43-year-old cofounder, had an unconventional path to Silicon Valley. Now his…

Jordan Hart,Dan Latu,Avery Hartmans,Paige Leskin   


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3 mins read

I'm 30 and already have $50,000 in credit card debt. Declaring bankruptcy is my only way out.

The writer struggled financially in NYC, so she racked up $50,000 in credit card debt. Declaring ba…

Nicole Kempster   


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Serve Robotics stock soars 241% after Nvidia takes $4 million stake in the company

Serve Robotics was founded in 2017 and develops and operates self-driving delivery vehicles focused…

Matthew Fox   


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1 min read

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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5 mins read

TikTok is becoming a new GoFundMe, with views replacing donations to help people get out of debt

The "pay off each other's debt" trend is taking off on TikTok, with people offering views and engag…

Lindsay Dodgson   


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2 mins read

Some student-loan borrowers with private debt have a chance to get their balances wiped out — but they have to ask for it

Student-loan company Navient has a process for borrowers with private debt to apply for relief if t…

Ayelet Sheffey   


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2 mins read

Ayelet Sheffey   


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1 min read

Big unlisted companies may come under tighter regulatory norms

The Company Law Committee is likely to take up a proposal to introduce tighter regulatory norms for…

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4 mins read

I live in Lithuania, the happiest place on earth for under 30s. As a very happy 28-year-old, here's what it's like.

A 28-year-old from Vilnius, Lithuania, shares why his home town is the happiest place on earth for …

Lauren Crosby Medlicott   


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Sports leagues got millions in betting company sponsorships. Then came the gambling scandals.

As sports-betting has become increasingly lucrative and commonplace, a series of scandals starring …

Geoff Weiss   


Ayelet Sheffey   


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2 mins read

2 federal courts just blocked student-loan forgiveness and cheaper monthly payments under Biden's new repayment plan

Two separate rulings from federal judges in Kansas and Missouri halted student-debt cancellation an…

Ayelet Sheffey