Ifci

Showing of 1 - 20 from 21 results
Ifci - Total results - 21
NCLAT rejects IFCI plea against ACCIL Hospitality, says can't seek fresh insolvency plea against corporate guarantor
Business

NCLAT rejects IFCI plea against ACCIL Hospitality, says can't seek fresh insolvency plea against corporate guarantor

IFCI had filed petition to initiate insolvency proceedings against ACCIL Hospitality, which had extended a corporate guaranty for Asian Colour Coated Ispat Limited.

NBCC to submit revised bid to acquire Jaypee Infratech by 25 April, complete housing projects
Business

NBCC to submit revised bid to acquire Jaypee Infratech by 25 April, complete housing projects

In its earlier resolution plan, NBCC offered 1,400 acre land worth Rs 6,000 crore as well as Yamuna Expressway to lenders.

IFCI gets Rs 492 cr towards security receipts under IBC resolution plan for Binani Cement
Business

IFCI gets Rs 492 cr towards security receipts under IBC resolution plan for Binani Cement

On November 14, Aditya Birla Group firm UltraTech Cement won bid to acquire debt-ridden Binani Cement

Non-banking finance companies' mess: Cash-strapped firms haven't seen the worst of liquidity crisis yet
Business

Non-banking finance companies' mess: Cash-strapped firms haven't seen the worst of liquidity crisis yet

In 2017-18, non-banking finance companies (NBFCs) were the largest net borrowers from the financial system

The Great Indian NPA Mess: Bad loans can snowball into banking crisis; Jaitley's solution has political overtones
Business

The Great Indian NPA Mess: Bad loans can snowball into banking crisis; Jaitley's solution has political overtones

NPAs on the other hand, have been growing. The problem was that banks did not have the capacity to assess infrastructure projects which were much bigger now.

ICICI Bank files insolvency plea against Jaiprakash Associates in NCLT; matter to be heard on 17 September
Business

ICICI Bank files insolvency plea against Jaiprakash Associates in NCLT; matter to be heard on 17 September

If NCLT allows the plea of the ICICI bank, then this will be the second company of the crisis hit Jaypee group facing insolvency.

SBI, UCO Bank look for buyers to sell Rs 1,245 cr NPAs; e-bidding to take place on 23 March
Business

SBI, UCO Bank look for buyers to sell Rs 1,245 cr NPAs; e-bidding to take place on 23 March

UCO Bank, based out of Kolkata, said it has identified about 13 NPA accounts with outstanding balance of Rs 457.98 crore

IFCI to offload its entire 13.67% stake in ACRE to Axis Bank
Business

IFCI to offload its entire 13.67% stake in ACRE to Axis Bank

IFCI to sell its entire stake in ACRE to Axis Bank for Rs 22.72 crore

N S Vishwanathan to replace H R Khan as new RBI deputy governor
Business

N S Vishwanathan to replace H R Khan as new RBI deputy governor

Vishwanathan has been an Executive Director at Reserve Bank of India since April 2014

Govt to hike IFCI stake to 51%, infuse Rs 60 crore
Corporate

Govt to hike IFCI stake to 51%, infuse Rs 60 crore

To increase its stake, government is looking to acquire preference shares from existing stakeholders of IFCI

After LIC, IFCI attaches Orbit's Mumbai properties to recover loans worth Rs 58 cr
Corporate

After LIC, IFCI attaches Orbit's Mumbai properties to recover loans worth Rs 58 cr

Four properties owned by Orbit Corporation, a developer listed on the Bombay Stock Exchange, have reportedly been attached by state-run lender IFCI for non-repayment of loans amounting to Rs 57.90.<br />

Chidambaram gives Rs 200 cr boost for scheduled caste entrepreneurs
India

Chidambaram gives Rs 200 cr boost for scheduled caste entrepreneurs

The Finance Minister has announced a venture capital fund for lower caste entrepreneurs.

IFCI Q2 net down 34% at Rs 131 crore
Business

IFCI Q2 net down 34% at Rs 131 crore

Financial institution IFCI's net profit declined by 34 percent to Rs 131.01 crore for second quarter ended September 30.

IFCI board approves conversion of Rs 923 cr bonds into equity
Investing

IFCI board approves conversion of Rs 923 cr bonds into equity

IFCI today said its board has decided to proceed with the conversion of Government of India bonds worth Rs 923 crore into equity.

Will IFCI be better off as a PSU? Its boss doesn't think so
Business

Will IFCI be better off as a PSU? Its boss doesn't think so

IFCI's CEO is resisting the government's efforts to make the company a full-fledged public sector unit again.