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On observing certain irregularities and fraudulent activities, Sebi passed an interim order against the company and its promoters in December 2011 and passed a final order in December 2013.

Business

Ensure operational autonomy of PSEs: Sebi panel

Government should establish a transparent mandate for PSEs and disclose their objectives and obligations.

6 Oct 2017 8:49 AM GMT

Ajay Tyagi who is a 1984 batch IAS officer assumed office of Sebi chair on March 1, 2017. (Photo: PTI).

Business

Kotak panel on corp governance to submit report by month-end

Kotak panel was mandated to advise the markets regulator on areas like ensuring active participation of independent...

6 Sep 2017 9:24 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.

Business

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

Business

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

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...

5 Nov 2018 8:39 PM GMT

Business

'Kotak Mahindra Bank best suited to acquire Yes Bank'

I think Uday (Kotak) is the best candidate to acquire Yes bank. You need deep pockets, Uday has that, said SBI's Rajnish...

17 Dec 2019 8:21 AM GMT

$\The issue of GSP has been done in a little bit of haste...It is certainly going to hurt us, especially small item exporters,\ said CII President Vikram Kirloskar. (Photo: File | Youtube screengrab)$ Business

Stimulus package will boost growth and stabilise economy: CII

CII said the measures announced come at a time when the world economy is buffeted by global headwinds and trade...

25 Aug 2019 11:13 AM GMT

Business

India Inc cheers Parliament nod to abrogate Article 370, J&K...

Lok Sabha on Tuesday approved a resolution abrogating special status to Jammu and Kashmir under Article 370 of the...

6 Aug 2019 2:46 PM GMT

Finance minister Nirmala Sitharaman during a press conference in New Delhi on Saturday. (Photo: Asian Age)

Business

Economy looking up; no liquidity crisis: FM Sitharaman after bankers...

I heard good things, positive thing, she said, and added that 'the message I got is that consumption is happening.'

26 Sep 2019 5:01 PM GMT

Business

Kotak hardest hit by RBI plan to cap CEO tenures

The bank's shares were down as much as 5.2 per cent intra-day in Mumbai on Friday

13 Jun 2020 2:27 PM GMT

Industry icons Ratan Tata, N R Narayana Murthy, Nandan Nilekani and Uday Kotak have invested in Shekhar Guptas media venture. Picture: Twitter.

Business

Shekhar Gupta's media venture gets big names on-board

The likes of N R Narayana Murthy, Ratan Tata, Nandan Nilekani, Uday Kotak and others have funded Gupta's new venture.

11 July 2017 3:04 PM GMT

Business

Private sector needs to play major role, says Uday Kotak

The government is talking about bad banks for the resolution of stressed assets in the system.

29 March 2017 7:28 PM GMT