ilfs

IL&FS Group executive vice-chairman Vineet Nayyar resigns on medical grounds

IL&FS Group executive vice-chairman Vineet Nayyar resigns on medical grounds

Debt-laden Infrastructure Leasing and Financial Services (IL&FS) Group on Monday announced the resignation of Vineet Nayyar, its exec...Read More

IL&FS invites EoIs for its 42% stake in engineering arm

IL&FS invites EoIs for its 42% stake in engineering arm

Infrastructure Leasing and Financial Services (IL&FS) has sought expressions of interest (EoI) for the 42.25 per cent stake it holds ...Read More

Govt extends term of Uday Kotak as IL&FS chairman by one year

Govt extends term of Uday Kotak as IL&FS chairman by one year

The government through a gazatte notification extended term of Kotak, who is managing director and chief executive officer of Kotak Mahin...Read More

IL&FS case: Sebi raises penalty to Rs 1 cr each on 3 rating agencies

IL&FS case: Sebi raises penalty to Rs 1 cr each on 3 rating agencies

The crisis at diversified IL&FS, whose board was superseded by the government, came to light in September 2018 and since then, the compan...Read More

IL&FS case: Sebi raises penalty to Rs 1 crore each on ICRA, CARE

IL&FS case: Sebi raises penalty to Rs 1 crore each on ICRA, CARE

Markets regulator Sebi on Tuesday enhanced the penalty amount to Rs 1 crore each on rating agencies ICRA and CARE in connection with laps...Read More

NCLT approves striking off IL&FS entity IIPL Laos

NCLT approves striking off IL&FS entity IIPL Laos

IIPL Laos is an "offshore IL&FS entity" in the IL&FS group, which was incorporated on April 24, 2017 under the laws of Singapore for the ...Read More

Profits inflated at IL&FS unit, KPMG arm in dock for lapses

Profits inflated at IL&FS unit, KPMG arm in dock for lapses

In its Audit Quality Review Report (AQRR), the NFRA laid down the audit lapses and violations of the KPMG arm as a statutory auditor of I...Read More

IL&FS case: 7-year ban on auditor

IL&FS case: 7-year ban on auditor

Udayan Sen was an engagement partner of Deloitte Haskins and Sells LLP, which conducted the statutory audit of IFIN for 2017-18.

IL&FS aims to resolve 57% debt despite Covid

IL&FS aims to resolve 57% debt despite Covid

The revised estimate is well above the 50 per cent mark of the overall debt of over Rs 99,000 crore.

Relief for Deloitte & KPMG as SC declines stay on Bombay HC order

Relief for Deloitte & KPMG as SC declines stay on Bombay HC order

A bench headed by Chief Justice S.A. Bobde and comprising Justices M.R. Shah and A.S. Bopanna said: "We want to penalize the government f...Read More

NCLT approves IL&FS stake sale in GIFTCL to Gujarat govt

NCLT approves IL&FS stake sale in GIFTCL to Gujarat govt

The Gujarat government has agreed to pay a positive equity value of 100 per cent of the IL&FS stake in GIFTCL, by which, the positive equ...Read More

NCLT approves sale of IL&FS stake in GIFT City to Gujarat govt

NCLT approves sale of IL&FS stake in GIFT City to Gujarat govt

New Delhi: The National Company Law Tribunal (NCLT) has allowed the debt-ridden IL&FS to sell its 50 per cent stake in the GIFT Cit...Read More

Bombay High Court quashes bail granted to IL&FS former official

Bombay High Court quashes bail granted to IL&FS former official

Justice C V Bhadang was hearing an application filed by the Serious Fraud Investigation Office (SFIO), challenging a sessions court's ord...Read More

IL&FS sells entire stake in IWPSL to ORIX Corp for Rs 6.05 cr

IL&FS sells entire stake in IWPSL to ORIX Corp for Rs 6.05 cr

Cash-strapped Infrastructure Leasing and Financial Services (IL&FS) on Thursday said it has sold its 100 per cent stake in IL&FS Wind Pow...Read More

‘Substantial recovery' likely against IL&FS external debt worth Rs 94,000 cr, says Injeti Srinivas

‘Substantial recovery' likely against IL&FS external debt worth Rs 94,000 cr, says Injeti Srinivas

With multi-pronged strategies in place for IL&FS resolution, the government expects "substantial recovery" against the group's Rs 94,000 ...Read More

Salaried employees to get 0.15% lower returns on Provident Fund deposits as EPFO cuts down interest rates

Salaried employees to get 0.15% lower returns on Provident Fund deposits as EPFO cuts down interest rates

The organisation has lowered the interest rates from 8.65% to 8.50%

IL&FS matter: NCLAT dismisses auditors pleas

IL&FS matter: NCLAT dismisses auditors pleas

New Delhi: The NCLAT on Wednesday dismissed the pleas of auditors of debt-ridden IL&FS -- Deloitte Haskins & Sells and KPMG arm B...Read More

‘Had red flagged possible risks over IL&FS crisis’: DEA

‘Had red flagged possible risks over IL&FS crisis’: DEA

The Department of Economic Affairs had earlier raised red signals over the likely collapse of IL&FS in a confidential note on September ...Read More

IL&FS reports Rs 22,527 crore net loss for FY19

IL&FS reports Rs 22,527 crore net loss for FY19

The scam-ridden infra lending major reported revenue of Rs 824 crore, massively down from Rs 1,734 crore in the previous year.

IL&FS: NCLT threatens to get Axis Bank, StanC CEOs arrested

IL&FS: NCLT threatens to get Axis Bank, StanC CEOs arrested

An NCLT bench headed by Bhaskara Pantula Mohan issued the ultimatum while hearing a contempt petition

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