In the news
28 Jun 2019

IL&FS crisis has disciplined NBFCS

The RBI, in its stability report released on Thursday, said that IL&FS case has brought the NBFC sector under greater market discipline as better performing companies continue to raise funds while the ones with asset quality concerns were subjected to higher borrowing costs

In the news
27 Jun 2019

Supreme Court stays settlement of illegal Allied trades

The Supreme Court order provides relief for IL&FS as it must await judiciary bodies orders, not pay from own pocket

In the news
26 Jun 2019

Govt pays IL&FS lenders to avoid default on sovereign guarantee

The Govt has paid upto Rs 25 crore to ADB and KFW on sovereign guarantees issued on behalf of IL&FS and is staring at another Rs 250 crore payout towards guaranteed IL&FS loans

In the news
26 Jun 2019

IL&FS firms prepare books as per INDAS

Company will take last audited results as the base to prepare financial statement; accounts need to be ready by September 30, 2019

In the news
21 Jun 2019

IL&FS arm gets approval to revive Birpur-Bihpur project

Financially troubled IL&FS Engg and Construction Company is witnessing early improvement in its road portfolio with a go ahead to start work on one of its road project which was earlier up for foreclosure

In the news
21 Jun 2019

No Action on IL&FS Babus

IL&FS thrived due to its bureaucratic cover, time to go after them.

In the news
21 Jun 2019

BSR Resigns as IFIN auditors

BSR @ Associates, which has resigned as the auditors of IFIN said it has also filed replies to the petitions and applications filed by MCA with NCLT

In the news
21 Jun 2019

IL&FS faces 380 crore hit on Allied dodgy deal

Company had given collateral to IL&FS Securities Services in the form of MF units, later found to be stolen

In the news
20 Jun 2019

ED arrests 2 former IL&FS executives in PMLA probe

ED on Wednesday arrested two former IL&FS executives - Arun Saha (former joint MD of IL&FS and Director IFIN) and K Ramchand (former MD, ITNL) in connection with Money laundering investigations

In the news
19 Jun 2019

ED may Probe IFIN transactions for Possible Money Laundering

New probe based on the finding of SFIO is likely to target six erstwhile directors of IL&FS arm. The ED is likely to probe the transactions of IFIN for possible money laundering registering a second case in the central agency's investigations into the affair of IL&FS Group - ET Report

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