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$\There is an imminent crisis in the NBFC sector. There is a credit squeeze, over-leveraging, excessive concentration, massive mismatch between assets and liabilities, coupled with some misadventures by some very large entities, which is a perfect recipe for disaster,\ Injeti Srinivas said.$ Business

Govt mulls national institute for valuers

The Companies Act, 2013 provides a comprehensive framework for development and regulation of the profession of valuers.

8 Jun 2019 12:16 PM IST

. In all, USD 23 million from Google in 2013 and USD 98 million from Facebook in 2015 were siphoned off. (Photo: ANI)

Business

'Hurry up!': G20 urged to speed up tax on tech giants

While there were gaps on exact system, the policymakers agreed there needed to be a global approach to taxing the tech...

8 Jun 2019 12:05 PM IST

UltraTech Cement, which had a cement production capacity of around 63 million tonnes, had added another 21.2 million tonnes capacity with the acquisition of Jaypees cement plants.

Business

UltraTech to raise green power share

Renewable energy will contribute to more than 10 per cent of its total power consumption by 2021.

8 Jun 2019 1:41 AM IST

Larsen and Toubro (L&T) on Thursday said its subsidiary L&T Construction has bagged orders worth Rs 2,440 crore in the domestic market.

Business

L&T makes Mindtree open offer

The open offer is for 5.13 crore shares, or 31 per cent stake, of Mindtree at Rs 980 per share, according to a...

8 Jun 2019 1:40 AM IST

Bank of Baroda on Tuesday said its loan account to debt-laden Infrastructure Leasing and Financing Services (IL&FS) continues to remain standard at present.

Business

What ex-IL&FS top brass got for loans? Foreign trips, private jets and...

Sivasankaran had personal relationship with Ravi Parthasarathy and Hari Sankaran, according to the chargesheet.

7 Jun 2019 5:53 PM IST

$At the Railway Wagon Manufacturers Meet in the city Jindal Stainless Head Sales Vijay Sharma said, \Jindal Stainless holds a 70 per cent market share in the stainless steel wagon segment.$ Business