Aditya Birla Sun Life MF’s debt exposure in the form of loans against Zee group shares was to the tune of about Rs 2,700 crore
Zee Entertainment stake sale process to be completed before April deadline; in talks with US firms: CEO Punit Goenka
Goenka, in an interview, said that the controversy at parent Essel Group has in no way affected Zee's stake sale
The consent was achieved during the second round of a detailed meeting between Essel Group Promoters and lending entities, the group said in a statement.
Essel Group, which has high debt, defaulted on some of the payments, which led to the share pledge
Zee Entertainment Enterprise Ltd (ZEEL), in a regulatory filing, said Nityank lnfrapower and Multiventures Ltd is an "independent company and does not belong to Essel Group"
Debt-laden IL&FS group firms are selling high-end cars, office furniture, electrical appliances and other assets in a bid to raise funds.
RBI resorts to purchase of bonds to infuse liquidity in the system while sucks it out by selling the instruments.
No need for RBI to help crisis-hit NBFCs as lender of last resort, says central bank deputy governor Viral Acharya
RBI is guided by the principle of addressing system-wide liquidity requirements, Viral Acharya said, enlisting the measures undertaken since problems started with the non-banking finance companies (NBFCs).
IL&FS crisis: Group-level resolution for Rs 91,000 cr debt unlikely, Uday Kotak-led board tells NCLT
"Based on an outreach conducted by the FTA, the initial assessment seems to indicate that currently, the group-level resolution option is unlikely to materialise," the IL&FS board said in its second report on progress and way forward submitted to the NCLT.
Arvind Subramanian says RBI's regulatory failure created IL&FS mess, calls upon central bank to step up ability of supervision
Arvind Subramanian calls upon RBI to step up its abilities in two key areas of supervision and part with its mammoth reserves to recapitalise the ailing state-run lenders in a decisive manner
The Parliamentary Standing Committee on Finance will take stock of the developments at crisis-hit IL&FS Group for three days from 3 December
"More than a dozen expressions of interest (EOIs) towards acquiring IL&FS's stake in ISSL and ISTSL have been received, which the board is scrutinising for eligibility," the company said
IL&FS Group''s total debt stood at Rs 94,215.6 crore as on 8 October 2018.
Commercial paper or CPs are short-term debt with one to three months maturity.
Rupee may touch 76 levels against dollar in next 3 months with global crude prices remaining elevated: UBS
Rupee has already crossed the 74 mark owing to the continued strengthening of the dollar, lack of foreign flows and higher crude oil prices.
GN Bajpai's resignation will be effective 30 October
FICCI said the tight liquidity situation in the festive season and rising interest rates will impact the SMEs, MFIs and sectors like housing
Narendra Modi govt must not trigger chaos in economy and put India on the backfoot by invoking Section 7; hold on Urjit Patel
Urjit Patel has never been a darling of the media unlike his predecessor Raghuram Rajan
Arun Jaitley holds high-level meeting to discuss liquidity issues; no discussion on RBI-govt differences, says report
Unlike in the past, all the four RBI deputy governors attended Tuesday's FSDC meeting along with Patel.
The crisis at Infrastructure Leasing and Financial Service Ltd (IL&FS) that has 348 subsidiaries and Rs 91,000 crore ($12.37 billion) outstanding debt had forced the government to takeover the board and appoint a new one which is expected to present its resolution plan to a company law tribunal on Wednesday.