More from Business Today

Business Today7 min read
Back To The Wall
The liquidity crisis that is roiling non banking finance companies (NBFCs) has hit the one part of Anil Ambani's debt strapped business empire that was going strong its financial services business. Three rating agencies CARE, ICRA and Brickwork
Business Today3 min read
A Strong Foundation
The Indian mutual fund (MF) industry has grown exponentially over the last decade. However, defaults by the IL&FS group last year brought attention to the credit risks in debt mutual funds and exposures to NBFCs. Assets under management grew from Rs
Business Today1 min read
Getting Resilient
The Odisha government's disaster management during the recent Cyclone Fani has been lauded the world over. Despite a wind speed of close to 200 kilometres per hour, Cyclone Fani led to 35 odd casualties as opposed to over 10,000 deaths in the 1999 Su