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Infrastructure Leasing Financial Services Ltd Il Fs
Business  /  Published 04.12.18

Proposal to slash IL&FS workforce

The Uday Kotak-led board of Infrastructure Leasing & Financial Services (IL&FS) is planning to cut workforce across the group by 65 per cent and bring down wage costs by half as it examines va...
By Our Special Correspondent in Mumbai

Business  /  Published 30.12.18

Swing time in stocks

Investors should brace for volatile times in year 2019 that could see the markets moving to both global and local developments amid positive macro developments such as softer oil prices, lower interes...
By Our Special Correspondent in Mumbai

Business  /  Published 05.03.20

HSBC files Wind-up petition against IL&FS arm

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...
By PTI in Singapore

Business  /  Published 10.10.18

Govt assures IL&FS help with working capital

The government will unofficially provide assistance to IL&FS for working capital as part of a turn-around plan but has nudged the newly formed IL&FS board to look at divesting subsidiaries and...
By Jayanta Roy Chowdhury in New Delhi

Business  /  Published 09.10.18

SBI to help out NBFCs

The State Bank of India (SBI) will triple its purchase of loan portfolios from non-banking finance companies (NBFCs), offering relief to the beleaguered shadow-banking sector that is facing liquidity ...
By Our Special Correspondent in Mumbai

Business  /  Published 01.10.18

Stocks rally on twin steps

Bandhan batteredShares of Bandhan Bank crashed 20 per cent on Monday as the Reserve Bank restrained the company from opening new branches and also ordered the freezing of remuneration of its CEO Chand...
By Our Special Correspondent in Mumbai

Business  /  Published 01.10.18

Revamped IL&FS board faces tough task

The newly constituted board of IL&FS may have to grapple with several challenges that include garnering the trust of creditors, executing the sale of various assets and tying up funds to overcome ...
By Our Special Correspondent in Mumbai

Business  /  Published 01.10.18

Govt moves NCLT for management change at IL&FS

The government has moved National Company Law Tribunal for change of management at the crisis-hit IL&FS, according to a senior official. Debt defaults by certain group entities of diversified IL&...
By PTI in New Delhi

Business  /  Published 29.09.18

IL&FS weighs three-pronged plan

Infrastructure Financing and Leasing Services Ltd (IL&FS) on Saturday proposed a three-part turnaround strategy to its shareholders.The revival plan seems to have got support from the two principa...
By Our Special Correspondent in Mumbai

Business  /  Published 25.09.18

LIC vows to save IL&FS

The Life Insurance Corporation (LIC), the largest shareholder in debt-ridden IL&FS, on Tuesday said it would not allow the infrastructure lending firm to collapse and would explore all options to ...
By Our Special Correspondent in New Delhi


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