Firms

YES Bank to boost lending to mid-sized cos to improve return on assets: CEO

Yes Bank's return on assets - which is the ratio of how profitable a company is compared with its total assets - was at 0.2% for the October-December quarter

GSTN seeks firm to prepare roadmap for transitioning IT systems to GST 2.0

With Infosys' contract for providing technology support for Goods and Services Tax (GST) ending in September 2024, GST Network (GSTN) has started scouting for a consultancy firm to prepare the bid document for selection of a new service provider and a roadmap for transitioning the system capacity to the next level -- GST 2.0. The consultancy firm would have to ensure a competitive bidding process and a seamless transition of the IT service backbone of GSTN to another technology company, who would be providing the software and hardware required in GST systems for the next seven years beginning October 1, 2024. The scope of work of the consultancy firm would include preparing a request for proposal (RFP) document by evaluating the present system, based on the experience of the GST technology system of the past seven years, and provide a roadmap for enhancement and operations for the next contract period. Indirect tax reform, GST, was introduced in India on July 1, 2017. Prior to the

Erring firms convicted, but it's not mission accomplished for regulators

Majority of prosecutions for various violations successful for the first time in over a decade

Shrachi group engineering firm order book position at Rs 1,800 cr: official

The order book position of BTL EPC Ltd, the engineering arm of city-based Shrachi Group, stands at Rs 1800 crore, an official said. The engineering entity recently bagged an order from BHEL for setting up an ash handling system for a supercritical thermal power plant in Telangana which is valued at Rs 446 crore. Managing Director of BTL EPC Ravi Todi said, "The order book position of the company now stands at Rs 1800 crore after bagging an order of around Rs 446 crore from BHEL for a power plant in Telangana." He said that in 2021-22, the company clocked a revenue of Rs 330 crore, and for the current fiscal year it is expected to register healthy growth. "Going by the current trends, we are expecting a clock a turnover of Rs 450 crore", Todi said. He said the company had also completed the EPC contract for a fertiliser plant at Sindri and Barauni valued at Rs 157 crore, and a baggage handling plant for KRIBHCO. Besides, the company is executing projects for the Bengal Maitree sup

Gehlot invites Japanese firms to invest in petrochemical, skill sectors

Rajasthan Chief Minister Ashok Gehlot on Thursday invited Japanese companies to invest in Barmer petrochemical complex and sectors like skill development

Firms opting for private placements, rather than issuing bonds in public

The main reason for this is the near absence of NBFCs from the market.

Firms with green, social focus fetch better returns

Low scores for financial services are driven primarily by banks