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On October 1, the government superseded the board of IL&FS and appointed a new board, with banker Uday Kotak as its executive chairman.

Kotak may unravel truth behind infra major fall

The present financial mess at IL&FS could have been averted if the proactive measures were taken then.

30 Oct 2018 7:12 PM GMT

RBI Governor Urjit Patel at a press conference after the monetary policy review meeting in Mumbai. (Photo: PTI)

Parliamentary panel to summon RBI governor Patel on IL&FS controversy

The RBI governor had blamed the bank management for lapses.

24 Oct 2018 5:33 AM GMT

The newly constituted board of the beleaguered IL&FS under the chairmanship of Uday Kotak may meet this week again to chalk out the future course of action to resolve the current financial crisis, according to a source.

IL&FS may sell financial services, energy arms

Uday Kotak's lieutenant Raghunath is architect of the revival plan.

22 Oct 2018 3:54 AM GMT

The IL&FS group is facing serious liquidity crisis and has defaulted on interest payment on various debt repayments since August 27.

IL&FS Investment Managers non-executive director resigns from board

This is in continuation to a spate of resignations of the board of directors from IL&FS and its group firms.

19 Oct 2018 12:20 PM GMT

The scrip of IL&FS Engineering and Construction Company touched its upper circuit limit of Rs 25.32, up 10 per cent.

Saudi-based ICD halts plan for USD 1 billion fund with IL&FS

The ICD is a multilateral development institution that supports the economic development of its 53 member countries.

15 Oct 2018 8:39 AM GMT

IL&FS lawyer argued the company would face 70 to 80 legal suits across the country if the moratorium was not granted.

NCLAT stays proceedings against IL&FS, group companies

NCLT had turned down its plea for 90 days moratorium over the loans taken by the IL&FS and its subsidiaries.

15 Oct 2018 7:29 AM GMT

The NDA/BJP government is looking increasingly cornered on every governance paradigm. However, its weakest link is the gross mismanagement of the Indian economy. (Representational image)

BJP's rule has been bad for the economy

Respected financial analysts are of the view that Rs 57,000 crores out of this Rs 91,000 crores is already a...

13 Oct 2018 8:37 PM GMT

The scrip of IL&FS Engineering and Construction Company touched its upper circuit limit of Rs 25.32, up 10 per cent.

IL&FS' new board initiates austerity measures

The firm and its subsidiaries have defaulted on several debt repayments recently due to liquidity crisis.

12 Oct 2018 2:09 PM GMT

Bank of Baroda on Tuesday said its loan account to debt-laden Infrastructure Leasing and Financing Services (IL&FS) continues to remain standard at present.

Untangling knots at IL&FS will be long and arduous

A closed user group (CUG) enjoyed the fruits of a poisoned tree for 30 years as all oversight mechanisms failed to nail...

9 Oct 2018 6:38 PM GMT

State Bank of India, SBI, had earlier reduced minimum balance requirement. (Photo: PTI)

SBI to buy assets worth Rs 45,000 cr from NBFCs to resolve liquidity...

The country's largest lender said that it has stepped up target purchase of good quality portfolio of assets from NBFCs.

9 Oct 2018 1:37 PM GMT

Bank of Baroda on Tuesday said its loan account to debt-laden Infrastructure Leasing and Financing Services (IL&FS) continues to remain standard at present.

IL&FS loan account remains standard, says Bank of Baroda

The state-run lender said it continues to lend to non-banking financial companies and housing finance companies.

9 Oct 2018 1:30 PM GMT

The newly constituted board of the beleaguered IL&FS under the chairmanship of Uday Kotak may meet this week again to chalk out the future course of action to resolve the current financial crisis, according to a source.

IL&FS: Emerging India's very own robber baron'

The new management has been quick to reassure investors that the value in IL&FS shares will not be allowed to be eroded.

8 Oct 2018 6:51 PM GMT