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IL&FS Crisis
What is IL&FS crisis
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Latest Updates on IL&FS Crisis
Ex-IL&FS chairman Ravi Parthasarathy dies from prolonged illness: Report
Parthasarathy was suffering from cancer and had been hospitalised in Mumbai since last November
 "Ex-IL&FS chairman Ravi Parthasarathy dies from prolonged illness: Report")
IL&FS sells 52.26% stake in Terracis Tech, resolves Rs 1,275 cr loans
With this, the firm exits technology business altogether; deal forms part of overall IL&FS Group resolution estimate of Rs 61,000 cr
 "IL&FS sells 52.26% stake in Terracis Tech, resolves Rs 1,275 cr loans")
NCLT approves GAIL buying bankrupt IL&FS' 26% stake in OTPC
The NCLT has approved GAIL (India) Ltd's acquisition of bankrupt Infrastructure Leasing and Financial Services' 26 per cent stake in ONGC Tripura Power Company (OTPC), GAIL said on Friday.
 "NCLT approves GAIL buying bankrupt IL&FS' 26% stake in OTPC")
MCG officials yet to initiate inquiry against IL&FS for flouting norms
Despite demands of action by the councillors of the Municipal Corporation of Gurugram against IL&FS for flouting MCG norms during the house meeting held on July 30
Debt-laden IL&FS plans to sell stake in Shendra Green Energy
IL&FS said that the eligible applicants have to submit the RFP by 6 pm, August 30, 2021
IL&FS case complexities reveal what India's resolution mechanism is lacking
A stretched rescue process reveals critical deficiencies in India Inc's corporate layering and resolution mechanism worsened by the pandemic
 "IL&FS case complexities reveal what India's resolution mechanism is lacking")
IL&FS addresses debt of Rs 43,000 cr; raises recovery estimate to Rs 61K cr
Infrastructure Leasing and Financial Services (IL&FS) on Thursday said it has addressed aggregate group debt of Rs 43,000 crore so far and expects to cross Rs 51,000 crore by September 2021.
 "IL&FS addresses debt of Rs 43,000 cr; raises recovery estimate to Rs 61K cr")
DFI goes back to the future: Will changes boost infra funding in India?
The Bill suggests that the government has learned from past mistake
 "DFI goes back to the future: Will changes boost infra funding in India?")
IL&FS crisis: For NBFCs, India's 'Lehman moment' has meant reset of future
India's 'Lehman moment' has meant that the high-teen growth phase for non-banker financers is over
 "IL&FS crisis: For NBFCs, India's 'Lehman moment' has meant reset of future")
Best of BS Opinion: The skills India needs, India's 'Lehman moment' & more
Here's a selection of Business Standard opinion pieces for the day
 "Best of BS Opinion: The skills India needs, India's 'Lehman moment' & more")
Credit risk funds report positive flows in January as economy recovers
Debt schemes take significant exposure in not-so-highly rated companies and had lost their appeal after April 2019
 "Credit risk funds report positive flows in January as economy recovers")
DHFL a test case whose successful resolution is critical for banking sector
Reports suggest a potential recovery of 35 per cent from the bid process compared to an average recovery of seven per cent
 "DHFL a test case whose successful resolution is critical for banking sector")
ISPL repays debt amounting to nearly Rs 845 cr after EEPL clears dues
The repayments by IL&FS Solar also cover tax and statutory dues
 "ISPL repays debt amounting to nearly Rs 845 cr after EEPL clears dues")
Growth gathers steam for NBFCs in H1FY21 as balance sheets expand 12%: RBI
In view of the pandemic, and also in order to maintain adequate liquidity, NBFCs increased their cash and bank balances significantly during the year, RBI report said
 "Growth gathers steam for NBFCs in H1FY21 as balance sheets expand 12%: RBI")
As green shoots emerge all across, confidence returns to IndusInd stock
Positive management outlook post Q2 results has tempted analysts to upgrade their rating
 "As green shoots emerge all across, confidence returns to IndusInd stock")
IL&FS Fin Services to auction Rs 5,000 cr external corporate loan book
Process of inviting bids to start next week for sale in cash; loans to over 70 companies have turned bad
 "IL&FS Fin Services to auction Rs 5,000 cr external corporate loan book")
Declining long-term market funding for NBFCs a concern, says RBI
It has the potential to heighten the liquidity risks the sector is already facing after the IL&FS debacle, FSR said
 "Declining long-term market funding for NBFCs a concern, says RBI")
IL&FS expects to address over Rs 50,000 cr of its debt by March 2021
The group has shared its estimates of debt to be addressed over the next three quarters
 "IL&FS expects to address over Rs 50,000 cr of its debt by March 2021")
After IL&FS crisis, Covid-19 makes NBFCs struggle despite RBI actions
While bank credit to NBFCs has seen a rise of 30 per cent year on year, credit has mostly flown into larger NBFCs with good parentage and ones with better ALM positions.
 "After IL&FS crisis, Covid-19 makes NBFCs struggle despite RBI actions")
IL&FS exit a big boost for Gift City
The infrastructure is ready. Right regulations and tax regime are a must for its success as an international finance centre
