ilfs

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

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

Free Press Journal

www.freepressjournal.in