Business

A wilful default is a situation where the borrower has the required capacity to pay but decides not to and a fraud is when the borrower siphons off his/her money to other mode of parking say shell companies and displays a false inability to pay.

Although online gold purchases have been growing globally for years, they are a relatively recent phenomenon in India, where jewellery and bars of the precious metal tend to be kept in hand and given as gifts.

Markets are convinced the Federal Reserve will announce a quarter point hike at 1800 GMT, but are less sure if it will signal three or four for the year as a whole.

Those hopes would be damaged if, as sources say, Washington goes ahead with plans for new tariffs on up to $60 billion worth of Chinese technology and consumer goods annually, in a move to fulfil Trump's campaign promises to get tough on China and its tra...

The verification of "unreasonable" transitional credit claims would be conducted in four phases, a source said, adding that credit verification will remain one of the focus areas in 2018-19.

International Monetary Fund chief Christine Lagarde said poor countries and poor people in rich countries have benefited from the surge in global trade over the past decade, but acknowledged that some regions and industries have suffered.

The statement comes at the end of the two-day International Leadership Summit on Anti-Counterfeiting and Brand Protection in New Delhi organised by the association which was inaugurated by Commerce Minister Suresh Prabhu.

The All India Non-Ferrous Metal Exim Association represents the aluminium recycling industry and largely depends on imported metal scrap.

Strength in dollar against other currencies overseas as traders eye next week's US Federal Reserve meeting, and a lower opening in domestic equities kept pressure on the domestic unit, dealers said.

Cash in circulation has actually risen in recent years, from 7 percent of GDP in 2000 to 9 percent in 2016, although it has fallen in Sweden and a few other places.

SpiceJet and Safran Group, have now finalised the purchase of LEAP-1B engines to power a total of 155 Boeing 737 MAX planes, along with spare engines to support the fleet, according to a release.

The government has committed to inject a massive Rs 2.1 lakh crore (USD 32 billion) into public-sector banks. This will help them meet regulatory capital levels despite heavy losses in the recent quarter.

US President Donald Trump tweeted on Thursday that the US. steel and aluminum industries need "free, fair and smart trade". CNBC reported that Trump will make an announcement on tariffs at 11 a.m. ET (1600 GMT).

The Shivaji memorial will have a temple, museum, hospital, entrance modeled on the Raigad Fort, which was the headquarters of the late emperor, and a theatre showcasing highlights of the Maratha warrior king's life.

With an aim to rein in farm discontent in the election year, the budget plans to pump in huge investments into farming and related sectors including Rs 1,000 crore for Bhavantar Bhugtan, Rs 2,000 for crop insurance, Rs 3650 crore for Krishak Samriddhi Yoj...

The latest data shows that the economy in this quarter grew fastest in the fiscal year 2017-18.