Search Results for: default of IL&FS.

Allahabad Bank report on Rs 688 crore fraud triggers fear of more irregularities

Allahabad Bank tells bourses that NCLT proceedings are in progress to recover the dues from a Ludhiana-based textile company; the bank had earlier reported a fraud of over Rs 1,775 crore by Bhushan Steel Ltd.

Jul 18, 2019

Virender Sehwag and his wife Aarti Sehwag.

Virender Sehwag's wife files forgery complaint against business partners

The former Indian cricketer's wife is a partner in an agro-based company and has accused eight of her partners.

Jul 15, 2019

NBFC crisis: RBI may get more teeth to regulate HFCs, review assets

Interestingly, housing finance companies in India are regulated by the National Housing Board and the RBI does not have direct authority over them.

Jul 4, 2019

In Pics: 10 times Isha Ambani proved she can rock any outfit

There is no denying the fact that Isha Ambani is the life of the Ambani family.

Jun 24, 2019

Karvy group rebuts accusations, says 'didn't mislead or cheat investors'

The company has claimed that Karvy Private Wealth (KPW) only acted as facilitator.

Jun 19, 2019

Xiaomi Smart Bulb review: Lighting up your smart home

Xiaomi is lighting homes with its Mi LED smart bulb, which is an easy and affordable way to experience level 1-IoT.

Jun 17, 2019

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Market mind's on the monsoon with one eye on budget as uncertainty reigns

Benchmark indices expected to consolidate during the wait for fresh cues; Union Budget and GST Council meetings to be watched domestically; Fed meeting, US response to India's tariff tweak, US-China trade wars and the Middle East among key global cues.

Jun 16, 2019

SFIO seeks investigation into RBI officials' alleged role in IL&FS collapse

Financial fraud watchdog asks RBI to investigate why warning bells about imminent IL&FS crash would go up to only a certain level in the hierarchy.

Jun 12, 2019

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Debt-ridden Suzlon faces loan repayment default even as shares nosedive

Suzlon's losses have increased from Rs 384 crore in 2018 to Rs 1537 crore in 2019. The company has a debt of about Rs 11,141 crore.

Jun 11, 2019

Risk aversion of mutual funds key reason for NBFC liquidity crunch, defaults

Ballooning IL&FS and DHFL crises drove mutual funds to reduce exposure to NBFCs in a big way since September sapping liquidity from shadow banks.

Jun 10, 2019

A week for stock specific action while market searches for new direction

Indices are back on even keel after exit poll results triggered a choppy ride to hit record highs twice; market may remain rangebound as no new data expected.

Jun 9, 2019

Relief for lenders as RBI relaxes stressed asset guidelines

A circular issued in February last year required banks to initiate a resolution process as soon as a default took place.

Jun 8, 2019

Auditor emails reveal Deloitte knew of loan evergreening in ILFS

The investigation team found a document in the email server of IL&FS prepared by the DHS Engagement team identifying the funding of borrowers for paying principal and interest.

Jun 8, 2019

DHFL default is threatening to draw in mutual fund industry as 160 MFs have exposure to DHFL papers

DHFL default threatens to snowball into big crisis engulfing NBFCs, mutual funds

Public confidence in mutual funds take a beating and inflows taper with imminent payouts facing uncertainty; NBFCs face soaring finance costs triggering liquidity crunch.

Jun 7, 2019

#KeepTheGlove: Fans request Dhoni to retain Army insignia on gloves, pour support on Twitter

A Pakistani minister took to Twitter to express his displeasure and the ICC has also asked the BCCI to remove the insignia from MS Dhoni's gloves.