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2 mins read
IL&FS case: The latest arrests in India's largest financial scandal of 2018 are for alleged money laundering
Arun Shah was the Joint Managing Director of IL&FS Financial Services while K Ramchandra w…
1 min read
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…
2 mins read
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. …
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IL&FS has no option but to sell its profitable financial services unit as it tries to avoid bankruptcy
IL&FS is offloading a majority stake in its financial services subsidiary, IL&FS Finan…
2 mins read
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…
1 min read
IL&FS Group gets Justice D K Jain's approval for sale of its education biz
New Delhi, Dec 19 () The IL&FS Group on Thursday said Justice (Retd) D K Jain, who is overseein…
PTI
2 mins read
IL&FS case: Sebi slaps Rs 25 lakh fine each on ICRA, CARE
New Delhi, Dec 26 () Markets regulator Sebi on Thursday imposed a penalty of Rs 25 lakh each on rat…
PTI
3 mins read
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
2 mins read
NCLT approves sale of IL&FS stake in GIFT City to Gujarat govt
A two-member NCLT bench headed by acting president B S V Prakash Kumar allowed IL&FS to sell it…
PTI
1 min read
NCLT approves IL&FS stake sale in GIFTCL to Gujarat govt
"In view of the relief sought by the applicant, this bench hereby approved that sale of shares of …
PTI
2 mins read
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
2 mins read
After IDBI Bank, LIC now has to bail a huge infrastructure lender out
LIC is the largest shareholder in IL&FS, with a 25.34% stake. It will pump ₹40 billion int…
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Sebi mulls raising penalty on rating agencies in IL&FS case
Sebi, in its order, had noted that the exposure of IL&FS at the relevant times was critical to…
PTI
1 min read
Corp Affairs Min reviews IL&FS resolution progress
New Delhi, Dec 13 () The corporate affairs ministry this week reviewed the steps taken to address t…
PTI
2 mins read
HSBC moves to liquidate IL&FS company in Singapore court
The application has been listed for hearing on March 20 and "any creditor or contributory of …
PTI
3 mins read
The RBI may have dealt a $1.5 billion blow to Indian banks’ bottom line
As a result, the creditors of IL&FS, which include many of India’s public sector banks such…