Page 22 - Il&fs

Financial markets turmoil is getting scarier: Thomas Isaac on IL&FS mess

"Are demon managers capable of handling it?"

IL&FS mess: From Uday Kotak to Malini Shankar, meet the new board members

Recently Uday Kotak was in the news for heading a 21-member committee, constituted by Sebi, on corporate governance.

IL&FS has given single-digit returns on equity for at least five years

The clean-up now underway may do well to concentrate on key subsidiaries, a handful of which have contributed to the majority of the losses

Centre 'fully committed' to ensure liquidity support to IL&FS, says FinMin

Turning the group around will require a combination of asset sales and fresh fund infusions by investors and lenders

Govt issues lookout notices for four directors of debt-laden IL&FS

In its petition filed with NCLT, the govt said these directors -- Ravi Parthasarathy, Hari Sankaran, Ramesh Bawa and K Ramchand -- were likely to flee the country overnight

IL&FS: Third time's the charm as govt succeeds in taking over private firm

The Ministry of Corporate Affairs seems to have taken past lessons to heart while building a water-tight case in the IL&FS issue

SFIO begins probe into irregularities at debt-laden IL&FS in Mumbai

The fraud office may also question rating agencies for not being more vigilant and accountable

Govt takes control of IL&FS; new board may choose Uday Kotak as chairman

NCLT said the new board must hold its meeting by October 8 and come out with a roadmap before the next hearing on October 31

Arun Jaitley uses K V Thomas' letter to counter Rahul Gandhi over IL&FS

The government may consider supporting IL&FS in the following areas - such as LIC, SBI to support IL&FS to provide equity and debt of Rs 80 billion

'Stakeholder issue' to NCLT action: How IL&FS saga unfolded over a weekend

There is an emergent need to immediately stop further financial defaults and also take measures to resolve defaulted dues to the claimants

Financial market turmoil

The IL&FS crisis has been badly managed. There seems to have been a systemic breakdown of accountability and governance

Time for swift action

Govt right in appointing a new board for IL&FS

IL&FS crisis: India's 'too big to fail' moment?

That reference to the US-led subprime crisis of 2008 may sound excessive until you realise that sentiment across the NBFC sector is tied to effectively quarantining IL&FS

Govt seizes control of debt-laden IL&FS; new board to meet before Oct 8

The dramatic move underscores the government's concern about IL&FS' defaults spreading to other lenders in the world's fastest-growing major economy

Govt may move to seize control of IL&FS management, supercede current board

Rescuing IL&FS group is vital for authorities to stem the risk of default spreading to other lenders in the world's fastest-growing major economy

Govt to move NCLT to remove IL&FS management following serial defaults

IL&FS has Rs 910 billion of debt and is unable to repay loans in the last one month

IL&FS to get $2.1 bn lifeline, Alvarez & Marsal to come up with revamp plan

IL&FS outlines restructuring proposal

Crisis-hit IL&FS to raise Rs 150 bn, hike borrowing limit to Rs 350 bn

The shareholders approved the company's proposal to raise up to Rs 150 billion by issuing secured non-convertible debentures through private placement

Lessons from IL&FS saga

Don't invest in companies that have complex balance sheets, despite government backing

IL&FS secures lifeline as shareholders approve fundraising via debt, equity

IL&FS has appointed Alvarez & Marsal to devise a restructuring plan that will be implemented upon approval by the board and stakeholders