Temasek to acquire minority stake in UST Global

Apart from its centres in India, UST Global has regional headquarters in California, Singapore and London, and over 35 offices across the world. Read more »

Abhijeet MADC valuation irks banks

​​The liquidation value of Abhijeet MADC’s 271-MW thermal power plant in Maharashtra has been pegged at Rs 50 crore by two valuers — LSI Engineering... Read more »

LIC may pick up 30% more in IDBI Bank

The government holds an 80.96% stake in the firm and the deal may involve both real estate and non-core entities of IDBI Bank valued at around Rs 14,000 crore. Read more »

Another AirAsia India top executive Kiran Jain resigns

Jain’s resignation comes a month after the airline’s CEO Amar Abrol stepped down, even as the airline remains in controversy with a CBI investigation against... Read more »

Global, local solar manufacturers spar over safeguard duty

Around 90% of solar equipment used in Indian projects is imported as imported panels are significantly cheaper than domestically produced ones. Read more »

Air India roster row: ICPA asks airline to probe all pilots

Air India is probing alleged irregularities in preparation of rosters for pilots and whether they are being changed at the insistence of some pilots. Read more »

Domestic cement sector is expected to post a 6% growth in FY2019

Domestic cement production was higher by 6.3% at 298 million tonnes in FY2018, against 280 million tonnes in FY2017. Most of this growth was recorded during the second half of FY2018 and... Read more »

PSBs account for 85% of bank fraud cases: RBI report

The RBI said the state-run banks lacked effective credit screening and oversight. The significant differences in operational risk called for a deeper introspection. Read more »

Low profits can prevent banks from building cushion against unexpected losses: Financial stability report

The report pointed out that nearly one-fourth of banks loan is under stress and the worst is not over yet. Read more »

Nearly one-fourth of banks loan book has turned sour: RBI report

The stressed assets- gross non performing loans and restructured loans – together stood at 24.8% in March 2018 as against 23.9% in September 2017. Read more »