Ilfs

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Ilfs - Total results - 271
National Company Law Tribunal approves IL&FS stake sale in GIFTCL to Gujarat govt
Business

National Company Law Tribunal approves IL&FS stake sale in GIFTCL to Gujarat govt

The National Company Law Tribunal has approved crisis-hit IL&FS to selling its stake in the Gujarat International Finance Tec-City Company (GIFTCL) to the Gujarat government

Yes Bank scam: ED arrests DHFL promoters Kapil Wadhawan, brother Dheeraj for money laundering
Business

Yes Bank scam: ED arrests DHFL promoters Kapil Wadhawan, brother Dheeraj for money laundering

The Wadhawans are presently in jail after being arrested by the Central Bureau of Investigation (CBI), which is also probing the same case.

Micro enterprises best placed to help economy come out of COVID-19 crisis; eligible to get financial aid from credit institutions: Report
Business

Micro enterprises best placed to help economy come out of COVID-19 crisis; eligible to get financial aid from credit institutions: Report

The state-run lenders gained market share in 2019, adding that public sector banks now account for 49% of the MSME lending and over 59% of the lending to the micro enterprises.

Bombay HC quashes prosecution against 2 former IL&FS audit firms; says SFIO complaint filed before special court bad in law
Business

Bombay HC quashes prosecution against 2 former IL&FS audit firms; says SFIO complaint filed before special court bad in law

In June last year, the ministry of corporate affairs had moved the NCLT against BSR and some of the then external auditors of IL&FS alleging professional misconduct.

Yes Bank crisis: Anil Ambani summoned by ED in connection with money laundering probe
Business

Yes Bank crisis: Anil Ambani summoned by ED in connection with money laundering probe

Anil Ambani was asked to depose at the Enforcement Directorate office in Mumbai on Monday as his group companies are among the big entities whose loans went bad after borrowing from the crisis-hit bank.

NCLAT accepts fresh 'pro-rata distribution' framework for IL&FS creditors; says resolution should be 'fair and equitable'
Business

NCLAT accepts fresh 'pro-rata distribution' framework for IL&FS creditors; says resolution should be 'fair and equitable'

The NCLAT has also directed to complete the resolution plan according to the revised framework as suggested by the central government within 90 days

No F&O contracts for Yes Bank from 29 May; NSE not to accept fresh bank guarantees by lender
Business

No F&O contracts for Yes Bank from 29 May; NSE not to accept fresh bank guarantees by lender

NSE said that due to the recent development in Yes Bank, it has been decided that no fresh or renewal of bank guarantees and fixed deposit receipts issued by Yes Bank limited shall be accepted.

NCLAT dismisses Deloitte, KPMG pleas against impleadment in IL&FS matter; allows operation of 29 July interim order for two weeks
Business

NCLAT dismisses Deloitte, KPMG pleas against impleadment in IL&FS matter; allows operation of 29 July interim order for two weeks

On 29 July, the NCLAT stayed the order of the Mumbai bench of the NCLT to implead the auditors and the independent directors of IL&FS.

Govt approaches NCLAT; seeks additional 270 days to complete resolution for 105 IL&FS group companies
Business

Govt approaches NCLAT; seeks additional 270 days to complete resolution for 105 IL&FS group companies

Certain protection and reliefs were granted to the 55 entities through an order passed by the National Company Law Appellate Tribunal (NCLAT) on 15 October, 2018

Financial system stable despite weakening economic growth; reviving consumption, investment a major challenge: RBI
Business

Financial system stable despite weakening economic growth; reviving consumption, investment a major challenge: RBI

The PSBs need to build stronger buffers to absorb any disproportionate operational losses, while private lenders need to focus on corporate governance, the RBI said.

IL&FS scam: SEBI slaps Rs 25 lakh fine each on ICRA, CARE; flays rating agencies for failing to exercise due diligence
Business

IL&FS scam: SEBI slaps Rs 25 lakh fine each on ICRA, CARE; flays rating agencies for failing to exercise due diligence

The Securities and Exchange Board of India (SEBI) also said the default by IL&FS occurred due to "lethargic indifference and needless procrastination and laxity" of these rating agencies.

IL&FS impact: NBFCs report sharp jump in gross NPAs at 6.1% from 5.3% in FY18; asset quality continues to deteriorate
Business

IL&FS impact: NBFCs report sharp jump in gross NPAs at 6.1% from 5.3% in FY18; asset quality continues to deteriorate

The pace of expansion was lower than in FY18, mainly due to rating downgrades and liquidity stress in a few large NBFCs in the aftermath of the IL&FS event.

Banks' high retail loan book due to securitisation by NBFCs, not actual credit demand: Crisil
Business

Banks' high retail loan book due to securitisation by NBFCs, not actual credit demand: Crisil

Adjusted for the securitisation, which is when a lender transfers future receivables to another one, retail credit growth will come at a lower 12 percent for the first half of the fiscal, as aga

IL&FS reports net loss of Rs 22,527 crore for Financial Year 2019; company recorded loss of Rs 333 crore last year
Business

IL&FS reports net loss of Rs 22,527 crore for Financial Year 2019; company recorded loss of Rs 333 crore last year

Cash-strapped Infrastructure Leasing & Financial Services (IL&FS) on Wednesday reported a standalone net loss of Rs 22,527 crore for the fiscal to March 2019, as against Rs 333 crore in the previous fiscal.

DHFL lessons for shadow banks: Turning blind eye to risk management for quick growth makes profit-hungry NBFCs vulnerable
Business

DHFL lessons for shadow banks: Turning blind eye to risk management for quick growth makes profit-hungry NBFCs vulnerable

CRISIL downgraded DHFL commercial paper worth Rs 850 crore too on account of the weak liquidity condition of the company.

SEBI tightens disclosure norms on loan defaults, reduces time for rights issue to bolster capital markets
Business

SEBI tightens disclosure norms on loan defaults, reduces time for rights issue to bolster capital markets

Sebi has made it compulsory for the top 1,000 listed companies to prepare annual business responsibility reports covering their activities related to environment and stakeholder relationships

DHFL crisis: High Court says mortgage financier can provide payments to SBI, other lenders with which it has securitisation deals
Business

DHFL crisis: High Court says mortgage financier can provide payments to SBI, other lenders with which it has securitisation deals

DHFL can make all the future payments as well as those payments that were due since October 10 when the court had passed the earlier order, the judge said

IL&FS gets creditors' approval for sale of education business to Career Point Publications
Business

IL&FS gets creditors' approval for sale of education business to Career Point Publications

IL&FS Group on Tuesday said it has received approval from creditors for sale of education business to Career Point Publications Pvt Ltd (CPPPL)

NBFCs, HFCs to soon get Rs 20,000 cr funds under credit guarantee scheme announced in Budget, says finance secretary Rajiv Kumar
Business

NBFCs, HFCs to soon get Rs 20,000 cr funds under credit guarantee scheme announced in Budget, says finance secretary Rajiv Kumar

in August, the government had issued guidelines to operationalise Rs 1-lakh crore partial guarantee scheme to address temporary asset-liability mismatches of otherwise solvent NBFCs/HFCs.