DHFL crisis: Savings of over 1 lakh fixed deposit holders at risk as trouble mounts for debt-laden mortgage firm
Cases of fund diversions, as revealed in a forensic audit by accounting firm KPMG, may scuttle the resolution plan for DHFL that has been in the works for several months.
The government is likely to order an SFIO probe on the financial irregularities at troubled mortgage firm DHFL soon, an official said
DHFL audit firm TP Ostwal & Associates likely to come under scanner of SEBI, RBI after giving clean chit to company
KPMG, which carried out the forensic audit, has submitted a draft report to the lenders, which has reportedly found the DHFL promoters had diverted nearly Rs 20,000 crore to its related entities.
DHFL crisis set to linger on as forensic audit points to massive fund diversion; banks unlikely to lend to crippled firm
DHFL had sought a Rs 15,000-crore lifeline from the lenders as they finalise the resolution plan, which may also include picking up 51 percent equity in the company by converting their debt into equity
Infosys accounting probe: Case may be overblown, but it's an opportunity to fix corporate governance, whistleblower norms
Infosys is considered as a bellwether not just for India's emergence as a strong economy in a globalised era in a pioneering export sector, but also for corporate governance and disclosures wore on the sleeves by its iconic founder, NR Narayana Murthy.
ED arrests Iqbal Mirchi aide Humayun Merchant as part of probe into controversial properties; to be produced in court at 1 pm today
The Enforcement Directorate on Tuesday arrested Humayun Merchant, a close aide of D-Company don gangster Iqbal Mirchi, in its ongoing investigation into properties owned by the latter. Mirchi, Dawood Ibrahim's right-hand man, had given Merchant the "power of attorney to fix deals on his behalf".
DHFL's resolution plans hit roadblock; bondholders take debt-laden shadow lender to bankruptcy court
DHFL said the company is undergoing substantial financial stress since the second half of the previous financial year.
Shares of DHFL continued with its downtrend as it tumbled nearly 10 percent and hit its lower circuit limit on Thursday after Edelweiss Asset Management Ltd approached the Bombay High Court for recovery of dues from the troubled firm
Shares of DHFL hit lower circuit by slipping almost 10 percent to its 52-week low on Wednesday after CDSL freezed shareholding of the mortgage lender's promoters due to delay in announcement of financial earnings
Leading depository CDSL has frozen shareholding of debt-ridden mortgage lender DHFL's promoters because of delay in announcement of the company's financial earnings, sources said on Monday
Dewan Housing Finance Corporation Limited (DHFL) shares plummeted 20 percent on Tuesday amid concerns over its possible exposure to HDIL and Punjab & Maharashtra Co-operative Bank
DHFL said, the company, in the past 12 months has repaid obligations of nearly Rs 45,000 crore, which is nearly 40 percent of its current balance sheet size.
DSP Mutual Fund recovers entire dues of Rs 150 cr from DHFL; leads to 'positive' impact on 7 of its funds
DHFL owes around Rs 1 lakh crore to the system, including over Rs 50,000 crore to banks, while the rest are from entities like mutual funds.
DHFL, India’s fourth-biggest housing finance company, has roughly 1 trillion rupees ($14.15 billion) of debt
Debt-ridden DHFL on Tuesday said it plans to raise funds through equity share sale or other means as part of the debt resolution plan of the company
Cash-strapped housing financier DHFL on Monday said it has appointed KK Mankeshwar & Co as its statutory auditor
EPFO appoints UTI AMC, SBI Mutual Fund as fund managers; approves proposal for early redemption of Rs 700-cr investment in DHFL bonds
The EPFO had appointed multiple fund managers for the first time in July 2008 for earning better rate of return on deposits for its subscribers.
Union Bank says lenders may be forced to convert half of their DHFL debt into equity, will be for short-term
DHFL has become the poster-boy of the NBFC crisis that afflicted the financial sector after the infra-lender IL&FS went belly up last September
Shares of DHFL on Tuesday fell over 5 percent after the company said it has defaulted on financial repayment obligations of Rs 1,571 crore with regard to the issuance of bonds and commercial papers
DHFL resolution plan: Lenders want Kapil Wadhawan to step down as chairman and managing director of cash-strapped firm
The promoter would also be required to pledge a part of their remaining stake to lenders. Promoter group holding in DHFL is 39.21 percent