Russia was set to fall into its first state of sovereign default in over a century on Monday, after a grace period following a deadline to pay interest on some $40 billion in outstanding bon...

Kesoram became the first company from Calcutta to hold an AGM physically, even though the majority of its peers are still preferring the virtual mode to conduct the event. Shareholders came down in la...

Finance Minister Nirmala Sitharaman has underlined the need to rescue countries facing debt stress due to the uncertainty caused by the pandemic and the recent geo-political developments. During a me...

Sri Lanka will need about $3 billion in external assistance within the next six months to help restore supplies of essential items, including fuel and medicines, to manage a severe economic crisis, it...

The house owner had told the cops that while he received the rent for the first three months on time, the family started faltering from the fourth month onwards. “A few days back the son told m...

A man, who had a cigarette distributorship, was found dead in his rented apartment at Ballygunge Garden Road on Monday morning. Police suspect increasing debts and financial crisis drove Shyamalendu ...

Seven brothers in Kerala have put out a newspaper advertisement looking for a person from whom their father had borrowed money in Dubai after falling on hard times four decades ago. The lower middle ...

The Securities and Exchange Board of India (Sebi) has proposed a two-tiered structure to standardise and ensure uniformity in the benchmarking of mutual fund schemes, giving investors the opportunity ...

Due to the COVID-19 and policies put in place to respond to it, the global debt has jumped to a new high of USD 226 trillion with India's dues projected to rise to 90.6 per cent in 2021, the Inter...

On a day the city was getting ready to celebrate, a father whose business floundered because of the pandemic and failed to repay an education loan he had taken for his daughter, hanged himself inside ...