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What is IL&FS crisis
Latest Updates on IL&FS Crisis
Parthasarathy was suffering from cancer and had been hospitalised in Mumbai since last November
With this, the firm exits technology business altogether; deal forms part of overall IL&FS Group resolution estimate of Rs 61,000 cr
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.
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
IL&FS said that the eligible applicants have to submit the RFP by 6 pm, August 30, 2021
A stretched rescue process reveals critical deficiencies in India Inc's corporate layering and resolution mechanism worsened by the pandemic
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.
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Here's a selection of Business Standard opinion pieces for the day
Debt schemes take significant exposure in not-so-highly rated companies and had lost their appeal after April 2019
Reports suggest a potential recovery of 35 per cent from the bid process compared to an average recovery of seven per cent
The repayments by IL&FS Solar also cover tax and statutory dues
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
Positive management outlook post Q2 results has tempted analysts to upgrade their rating
Process of inviting bids to start next week for sale in cash; loans to over 70 companies have turned bad
It has the potential to heighten the liquidity risks the sector is already facing after the IL&FS debacle, FSR said
The group has shared its estimates of debt to be addressed over the next three quarters
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.
The infrastructure is ready. Right regulations and tax regime are a must for its success as an international finance centre