The National Company Law Appellate Tribunal (NCLAT) on Thursday said banks can declare as non-performing assets (NPAs) the accounts of IL&FS and its group companies that have defaulted on their pa...

Magma Fincorp is expecting a profitable growth this fiscal after a mixed 2018-19 that saw the entire NBFC sector going through a difficult phase in the wake of the IL&FS crisis. Magma’s focus on...

Fallen and dilapidated power poles in the city are posing serious threat to life, but Jharkhand Bijli Vitran Nigam Ltd’s (JBVNL) couldn’t bother less. In Mango, an electric pole with cables attach...

Making its second arrest in the IL&FS case, the Serious Fraud Investigation Office (SFIO) on Saturday arrested former IL&FS Financial Services chief Ramesh C. Bawa, official sources said. They...

A Calcutta-based company will complete the state power board’s electrification work in Jamshedpur circle that IL&FS left unfinished following a financial crisis in the infrastructure behemoth. K...

Non-convertible debentures have garnered interest among non-banking finance companies, with entities such as L&T Finance, Shriram City Union, Srei Infrastructure Finance, Magma Fincorp and Muthoot...

Hari Sankaran, former chairman and managing director of crisis-hit Infrastructure Leasing and Financial Services (IL&FS), has been arrested for alleged fraud, abuse of power and causing wrongful l...

The National Company Law Appellate Tribunal (NCLAT) on Monday said no bank or financial institution can declare the accounts of debt-ridden IL&FS and its group companies as non-performing assets (...

The National Company Law Appellate Tribunal (NCLAT) has allowed 22 domestic arms of the IL&FS group to service their debt obligations, providing a much needed relief to the lenders.Additionally, t...

Finance minister Arun Jaitley on Thursday said the Centre was open to the possibility of presenting a full budget “in the larger interests of the economy”. Jaitley speaking through a satellite li...