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Indian pension fund says it won’t lend money to private companies
The credit crunch in the Indian economy is getting more acute by every passing day. The latest…
Govt seeks additional 270 days to complete resolution for 105 IL&FS group companies
"For the remaining 105 domestic group entities, extend the scope and operation of the order passed …
PTI
Even British Airways and Philips stand to lose money in India's biggest financial scandal of 2018
Ahead of the debt resolution process of troubled infra lender Infrastructure Leasing & Financia…
6.3 lakh pensioners in India can now withdraw their funds in advance
With the ministry's latest decision, such pensioners would receive their full pension after com…
PTI
IL&FS crisis was red-flagged in 2018 'confidential' note by the DEA
"DEA had raised red signals of the likely collapse of IL&FS and had expressed its deep conce…
PTI
7 Indian employees of IL&FS Ethiopia held hostage by local workers over unpaid wages and pension
Seven Indian employees working at Infrastructure Leasing and Financial Services Ltd — which defa…
India sees the first arrest in the country’s biggest financial scandal of 2018
As the prospects for the infrastructure and power sector declined following the fin…
EPFO begins crediting 8.5% interest for six crore people — to reflect in EPF accounts from new year
The minister also said that he has asked to ensure that all those members who are retiring …
PTI
Top 7 things to do as you start to invest
4.Get Medical Insurance: In addition to the one that your employer offers. Often, people leave an o…
India’s main financial regulators and its largest bank are trying to calm investors amid fears of a liquidity crisis
It’s not everyday that a country’s financial watchdogs have to step in to reassure investors th…
An Indian bank is still making the same mistake of hiding the worst and hoping for the best
To start with, Mumbai-based IndusInd’s profits fell by 62% in the fourth quarter compared to ₹9.5 …
LIC executives are being investigated by India’s corporate fraud agency for their role in the IL&FS crisis
The investigation into Infrastructure Leasing & Financial Services (IL&FS) deepens. …
As India’s shadow banks brace for a tough 2019, the central bank and government will try and prevent a repeat of the IL&FS crisis by solving the data problem
One of the big stories emanating from the Indian banking sector last year was the repeated defaul…
IL&FS initiates interim distribution payout of ₹3,200 crore in IFIN
The IL&FS Group has initiated its largest Interim Distribution pay-out till date in IL&FS Financial…