Debt-laden IL&FS on Monday said it has completed the sale of its 50 per cent stake in Gujarat International Finance Tec-City (GIFT City) to the Gujarat government, generating over Rs 32 crore for ...

The Bombay High Court on Tuesday quashed all proceedings of the government against ILF&S former auditors Deloitte Haskins and Sells and BSR and Associates before the National Company Law Tribunal ...

Global banking giant HSBC has filed a winding up petition in a Singapore court against an overseas subsidiary of IL&FS Transport Services Ltd (ITNL) for recovery of dues totalling more than Rs 1,0...

Around 1 lakh residents of Bagbera, Harharguttu and Karandih will have no respite from drinking water crisis this summer because the Bagbera water project is set to miss the deadline once again.Execut...

The economic survey has proposed an early-warning system — called Health Score — to read the signs of rollover risk problems of NBFCs.A payment default without any prior warning by IL&FS in Au...

The amount of incremental financial credit available to the commercial sector of an economy is an indication of its health. The lower the increment, the more sluggish the demand from business, reflect...

The new board of IL&FS expects the resolution process undertaken by the group to lead to an overall recovery of 50 per cent of its outstanding debt, Uday Kotak, chairman of IL&FS, said on Tue...

Cracking the whip for their “lethargic indifference”, watchdog Sebi on Thursday slapped a penalty of Rs 25 lakh each on Icra, CARE, and India Ratings & Research in connection with lapses in as...

The Toyota plant at Bidadi in Karnataka, which manufactures the Innova Crysta and the Fortuner, is operating at 90 per cent capacity compared with around 100 per cent utilisation last year. The second...

The finance ministry on Tuesday has issued the guidelines for the Rs 1-lakh-crore partial guarantee scheme announced in the budget under which public-sector banks can purchase high-rated pooled assets...