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Infrastructure Leasing Financial Services Ltd Il Fs
Business  /  Published 02.05.19

IL&FS bad assets lose cover

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...
By Our Special Correspondent in Mumbai

Business  /  Published 28.04.19

Magma client plan pays off

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...
By Vivek Nair in Mumbai

Jharkhand  /  Published 27.04.19

Power poles pose peril in Jamshedpur

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...
By Kumud Jenamani in Jamshedpur

Business  /  Published 13.04.19

SFIO arrests Ramesh Bawa

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...
By PTI in New Delhi

Jharkhand  /  Published 07.04.19

Calcutta firm bags power deal

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...
By Kumud Jenamani in Jamshedpur

Business  /  Published 07.04.19

NBFCs take to debentures

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...
By Pinak Ghosh in Calcutta

Business  /  Published 01.04.19

Hari Sankaran, former IL&FS chairman, arrested

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...
By Our Special Correspondent in New Delhi

Business  /  Published 25.02.19

Shield for IL&FS accounts (and breather for banks)

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 (...
By Our Special Correspondent in Mumbai

Business  /  Published 11.02.19

Select IL&FS arms to start debt servicing

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...
By Our Special Correspondent in Mumbai

Business  /  Published 17.01.19

Jaitley hints at full budget

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...
By Our Special Correspondent in New Delhi


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