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RBI has been taking steps to improve the overall cash situation.

Business

Govt moves NCLT for management change at IL&FS

IL&FS, where LIC is the largest shareholder with 25.34 per cent stake, has a debt burden of over Rs 90,000 crore.

1 Oct 2018 12:43 PM 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.

Business

Rs 15,000 crore lifeline for IL&FS

The shareholders gave nod to raise as much as Rs 15,000 crore through the issue of non-convertible debt instruments.

1 Oct 2018 12:32 AM IST

NCLAT stayed all proceedings against IL&FS and its 348 group firms till a further order.

Business

IL&FS Transportation Networks delays Q2 results citing group co's NCLT...

The company requested BSE not to take action against it for the delay in submission of September quarter financial...

22 Nov 2018 12:53 PM IST

$Share purchase agreement (SPA) stands terminated as all the conditions precedent were not satisfied within the stipulated time period,\ IndusInd Bank said.$ Business

IndusInd Bank calls off deal to acquire IL&FS Securities Services

IL&FS initiated the process for divesting its stake in IL&FS Securities Services and ISSL.

13 Nov 2018 1:20 PM IST

NCLT to extend the moratorium so that legal action cant be taken by creditors against IL&FS or its 347 group entities.

Business

Govt may nudge LIC, SBI to buy out IL&FS

LIC and ORIX Corporation of Japan are the largest shareholders in IL&FS having 25.34 per cent and 23.54 per cent stake...

12 Nov 2018 12:16 PM IST

A loan seeker with a low score may always start off with an NBFC or an HFC as they have a more relaxed approach towards credit scores.

Business

Top 50 NBFCs need Rs 70K cr in November

Banks may be forced to increase lending to NBFCs to prevent defaults.

9 Nov 2018 1:06 AM IST

IL&FS, which arranged financing for infrastructure projects, has amassed huge debts and has defaulted on payment obligations for some.

Opinion

IL&FS: Was everyone asleep at the wheel?

The group's interest in jointly controlled operations varied from company to company, for instance in the Elsamex...

6 Nov 2018 2:09 AM IST

The government has been taking steps to address the liquidity issue in the overall financial system and the RBI infused liquidity by way of purchasing bonds in the last few weeks.

Business

Liquidity in NBFCs yet to become a crisis: Centre

About the Serious Fraud Investigation Office (SFIO) probe into the IL&FS case, Srinivas said there is progress on that...

6 Nov 2018 1:03 AM IST

Business

Multiple options explored; selling IL&FS as going concern best case...

The government has seized control of IL&FS and ordered an inquiry by the Serious Fraud Investigation Office.

5 Nov 2018 12:42 PM IST

The finance ministry said that the bill is far more depositor-friendly than in many other countries which provide for statutory bail-in without consent of creditors and depositors.

Business

Financial situation fragile, feels Finance Ministry

Govt fears default by NBFCs and HFCs if liquidity crunch is not eased immediately.

2 Nov 2018 10:31 AM IST

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.

Business

Govt starts hiring process for National Financial Reporting Authority

There have been legal challenges for the NFRA, set up under the Companies Act, 2013.

24 Oct 2019 7:00 PM IST

IL&FS Group holds 73.70 per cent stake in Schoolnet India Ltd (SIL).

Business

IL&FS gets creditors' approval for sale of education business

The transaction marks the latest step towards overall resolution of debt totalling around Rs 94,000 crore.

12 Nov 2019 3:23 PM IST