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Tata Power to use nano drones for network maintenance in Delhi
Fri, Aug 09, 2019
Tata Power Delhi Distribution Limited is planning to introduce drones in a measure to monitor transmission and distribution networks to detect faults. Watch full video to know more.
Big jolt to IL&FS Financial auditors, NCL rejects application challenging ban decision
Fri, Aug 09, 2019
Audit Firms Deloitte Haskins & Sells and KPMG affiliated BSR & Associate got a jolt from Mumbai NCLT on Friday as it rejected auditors' application challenging jurisdiction to ban them.
This is the all-time high quarterly net profit for Karnataka Bank: Mahabaleshwara MS
Thu, Jul 18, 2019
As far as NBFC is concerned then we have a 15.38% exposure. In that 2 group accounts were causing some concern and were treated as NPA with the first one being IL&FS group and the second one being Reliance ADAG, says Mahabaleshwara MS.
Ind-Ra affirms long-term issuer rating on ITNL for tight liquidity position
Wed, May 15, 2019
The rating affirmation reflects continued delays in debt servicing by the company owing to a tight liquidity position, resulting from delay in realisation of pending claims from various government authorities and delays in undertaking deleveraging initiatives, Ind Ra said in a statement.
NCLAT allows banks to declare defaulting ILFS accounts as non-performing assets
Thu, May 02, 2019
Presently, Infrastructure Leasing & Financial Services (IL&FS) Group companies, with a collective debt of over Rs 90,000 crore, are going through resolution process.
IL&FS should pay 80% dues of small creditors: NCLAT
Wed, Apr 17, 2019
Emphasising on the repayment of dues to small creditors including provident and pension funds, the National Company Law Appellate Tribunal (NCLAT) on Tuesday observed that IL&FS should distribute funds to small creditors.
Ex-IL&FS MD, CEO Ramesh Bawa arrested by SFIO
Sat, Apr 13, 2019
The Serious Fraud Investigation Office (SFIO) has arrested former IL&FS Managing Director and CEO Ramesh Bawa in connection with ongoing investigations into irregularities. Watch this video to know more.
IL&FS crisis: Grant Thornton report points to several irregularities in deals worth Rs 13,000 crore
Mon, Mar 04, 2019
IL&FS Crisis: Grant Thornton in its report on debt ridden IL&FS Group has identified various financial irregularities in deals with financial implications of over Rs 13,000 crore.
IL&FS accounts not to be declared NPAs, rules NCLAT
Mon, Feb 25, 2019
The order comes after the NCLAT on February 11 said that subsidiaries of IL&FS would be divided into three categories -- Green (companies that can meet all debt obligations), Amber (firms that can meet some debt obligations) and Red (companies that can't meet any debt obligations).
Accounts of IL&FS, group companies cannot be declared NPA without NCLAT nod
Mon, Feb 25, 2019
The tribunal's direction came during the hearing over the government's plan for the resolution of IL&FS group companies.
PF funds' investment in IL&FS bonds have no government guarantee: FinMin
Tue, Feb 19, 2019
The provident and pension fund trusts that invested in the IL&FS bonds now fear loss of money as the debt-ridden company`s bonds are unsecured debt, and the Finance Ministry says superannuated bonds do not carry any government guarantee and all such instruments have to face all market-related
Is your Provident Fund under threat?
Mon, Feb 18, 2019
IL&FS crisis: About 15 lakh salaried employees are concerned about their money deposited with the Employees Provident Fund Organisation (EPFO)
IL&FS crisis: Government to ask RBI for relief to banks
Mon, Feb 11, 2019
The government will approach the Reserve Bank of India (RBI) seeking a special dispensation for banks to defer provisioning requirements for their exposure to crisis-ridden Infrastructure Leasing & Financial Services (IL&FS)
NBFC liquidity crunch! Mark Mobius restores faith; believes crisis is best time for bargain hunting
Wed, Feb 06, 2019
The moment IL&FS default hit India, it was already considered as own Lehman Brother crisis of the country, and on the other hand, investors continue to remove their money in bulk from major NBFCs especially housing finance companies.
Explained in brief: This is how IL&FS has hit construction industry
Mon, Feb 04, 2019
With liquidity crisis gripping NBFCs post the IL&FS fiasco growth in the construction industry has halved in recent months, said a construction equipment makers' body. All the stakeholders are working closely to overcome this crisis and the same will be eased by march if there is no stress in the system or other NBFCs.-- Arvind Garg, president, Indian Construction Equipment Manufacturers' Association
IL&FS time bomb ticks
Wed, Jan 23, 2019
IL&FS crisis: A concerned government is trying its best to remain on top of things and is in constant touch with the Uday Kotak-led team.
IL&FS says unable to meet interest payment obligation
Thu, Jan 17, 2019
Infrastructure Leasing & Financial Services Ltd (IL&FS) Thursday said it would be unable to service its obligation in respect of interest of non-convertible debenture due on January 19.
'Timely data on NBFCs can avoid repeat of IL&FS-type crisis'
Sun, Jan 06, 2019
Following the IL&FS defaults, many major NBFCs like DHFL and Indiabulls among others had bad times leading to a massive fall in their stock prices.
Road Ministry asks IL&FS to withdraw from incomplete projects: Reports
Fri, Jan 04, 2019
This segment of Zee Business brings to you latest from road ministry which according to reports has asked IL&Fs to withdraw from incomplete projects. Watch full video to know more.
IL&FS puts commercial, residential properties up for sale
Mon, Dec 31, 2018
The debt-laden IL&FS group has further put up its properties for sale to garner funds in order to settle loan dues. It has invited bids from interested buyers for properties (commercial and residential) in Mumbai and one in Kolkata.