IL&FS case: Former top brass got foreign trips, private jets, chopper ride in return for faster loans, reveals SFIO probe
Foreign trips, private jet travels, chopper riders and interior decoration at houses aboard -- the probe into the IL&FS saga has unearthed many such inducements that the top brass allegedly got from borrowers in return for faster loans and delayed recoveries
The debt crisis in IL&FS has adversely impacted growth of the NBFC sector in India and might lead to its consolidation, said a report by Fitch Ratings on shadow banking
GAIL's offer of around Rs 4,800 crore for 100 percent enterprise value contemplates no hair-cut to the debtors of these seven special purpose vehicles
NCLAT suggests appointing former Supreme Court judge for IL&FS asset sales; next hearing on 28 January
The new management of the IL&FS is considering assets sales to bail out the company from its financial mess and pay back to its lenders over Rs 90,000 crore
IL&FS said that the new board has taken various initiatives towards rationalising manpower with a view to reduce costs associated therewith
India house prices to rise at half the rate of consumer price inflation in 2019; Delhi will be hit hardest: Poll
House prices have risen at almost double-digit rates for over a decade in a country of 1.3 billion people, where for many, owning a home is still a dream.
IL&FS crisis: Multiple options explored, selling the firm as going concern best-case scenario, says Injeti Srinivas
The government has seized control of IL&FS and ordered an inquiry by the Serious Fraud Investigation Office.
IL&FS crisis: Efforts underway to stabilise the system, normalcy to return in couple of weeks: SBI Chief Rajnish Kumar
Responding to a question on IL&FS and the impact of shadow banking on the Indian economy, Kumar said since it is an NBFC, it has had a contagion effect.
State of the economy: IL&FS crisis could spread to other NBFCs if resolution doesn’t come fast, says Siddharth Purohit
Siddharth Purohit, research analyst at SMC Global securities, speaking at Firstpost State of the economy dialogues, an interview series where experts analyse the economy
IL&FS revival plan: New board could include stake sale says govt official, rules out budgetary support
The revival plan could include selling big stakes in its businesses, including IL&FS Financial Services and IL&FS Energy Development, or even “closing” them, the official said.
IL&FS board appoints three advisors to develop resolution plan and undertake valuations across divestment
IL&FS and its subsidiaries have defaulted on several debt repayments recently due to the liquidity crisis
The newly appointed board of cash-strapped Infrastructure Leasing and Financial Services (IL&FS) in its second meeting on Friday appointed nominee directors for eight of its subsidiaries.
The newly constituted board of Infrastructure Leasing and Financial Services (IL&FS), headed by veteran banker Uday Kotak, will meet for the second time Friday to decide on the further course of action plan for the cash-crunched company