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...

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...

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...

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...

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 ...

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...

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 ...

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&...

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...

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 ...