India in search of better corporate governance landscape

India in search of better corporate governance landscape Read more »

IL&FS fraud started way back in 2017, whistleblower reveals

The long-running fraudulent activities at crisis-ridden IL&FS could have been revealed way back in 2017, but for a cover-up job done by the top management in connivance with the... Read more »

SFIO probe reveals IL&FS issued 13 loans to ABG group without due procedure

The Serious Fraud Investigation Office (SFIO) which was investigating the debt-ridden Infrastructure Leasing and Financial Services (IL&FS) group has observed lapses in 13 loans worth around Rs 1,080 crore... Read more »

Digital forensics to help probe for wrong-doings at debt ridden IL&FS, 45 of its group firms shut

The Serious Fraud Investigation Office (SFIO) has been investigating the debt-ridden Infrastructure Leasing and Financial Services (IL&FS) since last October. Now, they are turning to cyber forensics to dig... Read more »

Apollo Tyres Q4 net profit drops 66% because of repayment default by IL&FS

Shares of Apollo Tyres hit a 26-month low of Rs 185 apiece, down 5 per cent intra-day on the BSE on Thursday, after the company reported a drop of 66 per... Read more »

IL&FS resolution to be addressed, green cos’ Rs 12,000 cr debt to be settled by July: Official

Loan exposure worth Rs 12,000 crore of almost 55 green companies of crisis-hit IL&FS group is likely to be settled by July end, a senior government official said as... Read more »

Disclose IL&FS provisions in Q4 accounts says RBI to banks

Even as its petition is pending at the National Company Law Tribunal (NCLAT) have asked for review of the ban on banks classifying the IL&FS accounts as non-performing assets... Read more »

IL&FS to give its wind portfolio to GAIL in first asset sale since crisis

Debt-laden Infrastructure Leasing & Financial Services (IL&FS) April 22 announced that GAIL (India) has emerged as the highest bidder for its seven operating wind power plants. The bidding process to... Read more »

Gail India may be the new buyer for energy assets of IL&FS, says report

State-owned Gail India is one of the few firms waiting eagerly to buy the energy assets of crisis-ridden Infrastructure Leasing and Financial Services (IL&FS), The Economic Times reported. The assets could... Read more »

IL&FS Financial Services gross NPA at 90%: Uday Kotak

The flagship lending unit of Infrastructure Leasing & Financial Services Ltd (IL&FS) has 90 per cent of non-performing loans, a company executive said on Wednesday, as the current management... Read more »