Over the past decade, L&T has experienced significant growth in its core E&C business’ working capital. Our analysis suggests that in the core E&C business, working capital has increased by Rs 148 billion for L&T over FY10- FY18 (a rise of ~5x). As a percentage of E&C sales, this number has risen from ~7.3% in FY10 to ~19.1% in FY18 (peaking in FY16 at ~23%). During the same time frame, the comparable E&C revenue base has gone up ~3x.

NEW DELHI: Reliance Communications (RCom) is pushing the department of telecommunications (DoT) to expedite its response to the telecom tribunal on the Spectrum Usage Charge (SUC) demand the financially stressed telco has disputed, people familiar with the matter said.

Lenders of Essar Steel, which has bad debts to the tune of nearly Rs 500 billion, are planning to offload some of the loans to an asset reconstruction company (ARC), as they face pressure to improve the status of their loan books before the end of the second quarter (Q2) of the current financial year (2018-19 or FY19).

The Securities and Exchange Board of India (Sebi) may soon bring in a slew of changes to make it attractive for startups to list on the bourses.

Among other things, the regulator may broaden the definition of startups to include non-tech companies and allow them to list directly on the main board of stock exchanges under a separate segment.

Falling for the sixth straight session, the BSE Sensex shed about 140 points on Wednesday to close at an over two-week low of 38,018.31 as investor sentiment remained bearish amid a plunging rupee and weak global cues.

The rupee crashed to a fresh record low of 71.96 against the US dollar in intra-day trade on the back of rising bond yields and crisis in emerging market currencies.

The Indian Railways Catering and Tourism Limited (IRCTC) has offering discounts on train tickets. IRCTC is offering attractive discounts on ticket booking through its official website www.irctc.co.in. However, passengers should know that they can't avail the discounts via offline mode.

Below we have listed the list of few discounts, IRCTC is offering and how to avail it.

Bank of Baroda Wednesday said it has increased the marginal cost of funds based lending rate (MCLR) by 0.05 per cent across tenors, days after market leader SBI hiked the rates. The bank has revised MCLR at 5 basis points (bps) above existing level across all tenors with effect from September 7, 2018, the bank said in a release.

Heaping praises on HDFC Bank CEO, Paytm’s Vijay Shekhar Sharma said that he hoped to acquire just 10% of Aditya Puri’s cast banking knowledge. “I think HDFC is the defining bank of this country. No other bank has lead the space for so many decades. Mr Puri is the most jovial banker I know, talking to him is like learning life lessons beyond financial lessons. I wish I learn just 10% of banking from him, as much he knows,” Vijay Shekhar Sharma told in an interview to ET Now.

In a breather to Indian aviation industry, which is reeling under rising fuel prices, low fares and high taxes, the government is working on a relief package for the airlines to help them cut costs and cope with depreciating rupee. While speaking on the sidelines of the International Aviation Summit organised by the International Air Transport Association,

New Delhi/Mumbai: Tata Sons Ltd is set for a windfall of as much as ₹ 12,603 crore from Tata Consultancy Services (TCS) Ltd through share buybacks and dividend income in the first half of the financial year, funds that chairman N. Chandrasekaran can use to pare debt in several group companies, a Mint analysis shows.

Tata Sons is expected to get at least ₹ 11,502 crore from the 54.7 million scrips it plans to tender in the TCS share buyback.

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