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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 board likely to meet again this week

It will consume time to explore the exact reasons behind the present mess.

7 Oct 2018 2:13 PM IST

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

Two IL&FS group cos defy broader market trend; surge up to 10 pc

Shares of IL&FS Investment Managers also witnessed similar trend and jumped by 5 per cent.

5 Oct 2018 1:31 PM IST

State-owned Central Bank of India, one of the key shareholders of debt-ridden IL&FS Ltd, is unlikely to participate in the proposed Rs 4,500 crore rights issue of the company, according to sources.

Cong seeks white paper on IL&FS, questions board's credibility

He also raised questions over reports that the National Highways Authority of India (NHAI) was being roped in to buy out...

5 Oct 2018 3:17 AM IST

Senior BJP leader Arun Jaitley outside the finance ministry at North Block in New Delhi on Thursday. (Photo: PTI)

Govt determined to contain IL&FS crisis to avoid any adverse impact:...

The government earlier this week superseded the board of IL&FS.

4 Oct 2018 7:10 PM IST

State-owned Central Bank of India, one of the key shareholders of debt-ridden IL&FS Ltd, is unlikely to participate in the proposed Rs 4,500 crore rights issue of the company, according to sources.

Central Bank of India may not participate in rights issue of IL&FS

Central Bank of India had 7.67 per cent stake in IL&FS at the end of March 2018.

3 Oct 2018 7:53 PM IST

The argument put forward by the leaders of the BJP and others was that India did not depend on exports for its economic growth, and that the huge domestic market and the consumption it entailed was good enough to keep the economy in shape and the global developments were marginal. (Representational image)

India's ostrich club and the global recession

The moral of the market economy is that small disasters trigger bigger ones, potentially.

3 Oct 2018 1:31 AM IST

The shares of IL&FS Engineering soared 20 per cent while that of IL&FS Transportation and IL&FS Investment Managers surged 19.50 per cent and 10 per cent respectively.

Hopes rise for IL&FS revival

The appointment of a new board of well-known names, including a top banker, raises hopes for the revival of IL&FS.

3 Oct 2018 1:23 AM IST

The government on Monday said it stands fully committed to ensuring that needed liquidity is arranged for the debt-trapped IL&FS to prevent any more defaults in payment of loans by the non-banking financial company.

Fearing gloom, govt takes over debt-hit IL&FS

This is the third time in less than 10 years that the government has been forced to step in and supersede the board of a...

2 Oct 2018 1:37 AM IST

Last week, the company had filed a petition with the NCLT seeking certain relief in connection with filing of a scheme of arrangement under Section 230 of the Companies Act.

IECC board gets taken over again

In August 2009, the government-appointed board allowed IL&FS to take control of the infra firm.

2 Oct 2018 12:24 AM IST

The government on Monday said it stands fully committed to ensuring that needed liquidity is arranged for the debt-trapped IL&FS to prevent any more defaults in payment of loans by the non-banking financial company.

Management change needed to save IL&FS

The IL&FS Group is involved in many infrastructure projects including through equity and debt financing.

2 Oct 2018 12:20 AM IST

The shares of IL&FS Engineering soared 20 per cent while that of IL&FS Transportation and IL&FS Investment Managers surged 19.50 per cent and 10 per cent respectively.

Move gets thumbs up

Markets reacted positively to government's swift action, according to analysts.

2 Oct 2018 1:55 AM IST

The government on Monday said it stands fully committed to ensuring that needed liquidity is arranged for the debt-trapped IL&FS to prevent any more defaults in payment of loans by the non-banking financial company.

Govt to ensure liquidity for IL&FS to prevent defaults: Finance...

NCLT allowed the government to take over the board of IL&FS.

1 Oct 2018 6:10 PM IST