ilfs

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

RCEP: 'Offer not as much as our aspirations'

RCEP: 'Offer not as much as our aspirations'

India did not join the Regional Comprehensive Economic Partnership (RCEP) as the offer was not as much as our aspirations, Union Finance ...Read More

Government starts hiring process for NFRA

Government starts hiring process for NFRA

The independent watchdog for the auditing profession is looking into alleged accounting issues at IL&FS and Infosys, following directives...Read More

Present Indian economic crisis bigger than 2008’s: Goldman

Present Indian economic crisis bigger than 2008’s: Goldman

Many people attribute the deepening slowdown in consumption to the NBFC crisis that began in September 2018 when IL&FS went belly up foll...Read More

IL&FS blow: Number of bankrupt real estate developers doubles

IL&FS blow: Number of bankrupt real estate developers doubles

Since the collapse of the key non-banking financial company (NBFC), as many as 421 real estate developers entered bankruptcy court by the...Read More

IL&FS puts 494 acre land parcels on block

IL&FS puts 494 acre land parcels on block

IL&FS, through its group firms IL&FS Township and Urban Assets and IL&FS Engineering and Construction Company holds a total of 80 per cen...Read More

IL&FS gets 14 bids worth Rs 13,000 cr for 10 road assets

IL&FS gets 14 bids worth Rs 13,000 cr for 10 road assets

Mumbai: The bankrupt Infrastructure Leasing & Financial Services (IL&FS) received 14 binding financial bids worth around Rs 13,00...Read More

PSU debt raising through bonds gained, NBFCs /HFCs faced challenge: Study

PSU debt raising through bonds gained, NBFCs /HFCs faced challenge: Study

New Delhi: The loss of fund-raising capability through corporate debt bonds by NBFCs resulted in the gain for public sector financial ins...Read More

IL&FS gave loans immediately after suffering losses in 2008

IL&FS gave loans immediately after suffering losses in 2008

As the probe into the alleged default payment involving Kohinoor CTNL venture by the Enforcement Directorate (ED) deepens.

Retail investors lap up NCDs as mart bank deposit fail them

Retail investors lap up NCDs as mart bank deposit fail them

The mayhem in equities market and falling deposit rates have retail investors lapping up corporate debt like never before, if the overwhe...Read More

Complainant in Aircel-Maxis case ironically named in IL&FS case

Complainant in Aircel-Maxis case ironically named in IL&FS case

Sivasankaran in his complaint with the CBI in 2011 had alleged that the then telecom minister Dayanidhi Maran coerced him to sell his sta...Read More

Raj Thackeray leaves ED headquarters after marathon grilling session

Raj Thackeray leaves ED headquarters after marathon grilling session

The Central agency is probing loans and equity infusion by Infrastructure Leasing and Financial Services (IL&FS) into Kohinoor CNTL.

ED continues to grill Raj Thackeray in money laundering case

ED continues to grill Raj Thackeray in money laundering case

Raj Thackeray's former business partners Unmesh Joshi and Rajan Shirodkar, have already been grilled by ED in a case pertaining to the IL...Read More

IL&FS did not disclose NPAs for 4 years: RBI

IL&FS did not disclose NPAs for 4 years: RBI

"Wide divergences were observed between reported and assessed position of assets classification and provisions," the 5th progress report ...Read More

Raj Thackeray says ‘will honour summons’, urges supporters to maintain calm

Raj Thackeray says ‘will honour summons’, urges supporters to maintain calm

Thackeray's plea came amidst plans of a show of strength by thousands of his supporters and MNS workers from all over the state in Mumbai...Read More

Kohinoor tower payment default case: ED quizzes Unmesh Joshi

Kohinoor tower payment default case: ED quizzes Unmesh Joshi

On August 16, the ED had sent summons to Joshi and the Maharashtra Navnirman Sena (MNS) chief, Raj Thackeray, to join the probe to clarif...Read More

IL&FS rot run deep in reality

IL&FS rot run deep in reality

The ED is investigating purported irregularities in the IL&FS's loan and investments worth over Rs 850 crore in Kohinoor CTNL, a realty f...Read More

Maharashtra CM warns Raj Thackeray of ‘consequences’ if public inconvenienced due to protests

Maharashtra CM warns Raj Thackeray of ‘consequences’ if public inconvenienced due to protests

Fadnavis stated that there was no need to create problems for the people. If Raj has done nothing wrong, his party should not create prob...Read More

‘Key IL&FS committees didn’t meet for years’

‘Key IL&FS committees didn’t meet for years’

As the liquidity crunch in the non-banking finance company (NBFC) sector, which came to light with the IL&FS crisis, continues to drag th...Read More

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