Recent Highlights
All Stories for Infrastructure Leasing And Financial Services
Uday Kotak-led IL&FS board to axe 65% workforce across the group to reduce wage bill
Fp Staff • 6 years agoIL&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
• 6 years agoHouse 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
• 6 years agoThe 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
• 6 years agoResponding 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
Fp Staff • 6 years agoSiddharth 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
• 7 years agoThe 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
• 7 years agoIL&FS and its subsidiaries have defaulted on several debt repayments recently due to the liquidity crisis
Govt may have to bailout IL&FS following failed attempts by company to raise capital through rights issue
Fp Staff • 7 years agoIL&FS board appoints nominee directors for subsidiaries; initiates austerity measures
• 7 years agoThe 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.
Uday Kotak-led IL&FS board to meet for second time today; to focus on fund-raising, other issues
• 7 years agoThe 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