Ilfs Crisis

Showing of 21 - 40 from 67 results
Ilfs Crisis - Total results - 67
Essel Group lenders seek personal guarantee for payment obligations from chairman Subhash Chandra
Business

Essel Group lenders seek personal guarantee for payment obligations from chairman Subhash Chandra

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
Business

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

Essel Group says formal consent from lenders secured to not declare default till 30 September
Business

Essel Group says formal consent from lenders secured to not declare default till 30 September

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 gets time from lenders till September to clean its books, keep listed entities afloat
Business

Essel Group gets time from lenders till September to clean its books, keep listed entities afloat

Essel Group, which has high debt, defaulted on some of the payments, which led to the share pledge

Essel group denies link with Nityank lnfrapower over money laundering allegations
Business

Essel group denies link with Nityank lnfrapower over money laundering allegations

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"

Cash-strapped IL&FS group selling luxury cars, office furniture to raise funds
Business

Cash-strapped IL&FS group selling luxury cars, office furniture to raise funds

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 to infuse Rs 10,000-cr liquidity into system through open market operations on Thursday
Business

RBI to infuse Rs 10,000-cr liquidity into system through open market operations on Thursday

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
Business

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
Business

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
Business

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

Parliamentary panel to take stock of debt-ridden IL&FS Group for three days from 3 December
Business

Parliamentary panel to take stock of debt-ridden IL&FS Group for three days from 3 December

The Parliamentary Standing Committee on Finance will take stock of the developments at crisis-hit IL&FS Group for three days from 3 December

IL&FS crisis: Cash-strapped company claims over dozen responses for stake sale in two arms
Business

IL&FS crisis: Cash-strapped company claims over dozen responses for stake sale in two arms

"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

Top 50 NBFCs need Rs 70,000-cr in November to redeem commercial papers: Crisil report
Business

Top 50 NBFCs need Rs 70,000-cr in November to redeem commercial papers: Crisil report

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
Business

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.

Govt, RBI must initiate more measures to improve liquidity scenario, says industry lobby FICCI
Business

Govt, RBI must initiate more measures to improve liquidity scenario, says industry lobby FICCI

FICCI said the tight liquidity situation in the festive season and rising interest rates will impact the SMEs, MFIs and sectors like housing

Arun Jaitley holds high-level meeting to discuss liquidity issues; no discussion on RBI-govt differences, says report
Business

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.

Finance ministry, regulators discuss liquidity crunch in non-banking finance companies
Business

Finance ministry, regulators discuss liquidity crunch in non-banking finance companies

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.