The crippled IL&FS - which is under bankruptcy proceedings in NCLT - said the sale will reduce its overall debt by Rs 1,200 crore, which is the combined debt of entities under the group's environment businesses

NHAI and the Ministry of Road Transport and Highways (MoRTH) have settled aggregate IL&FS claims of over Rs 1,804 crore across six road projects, including KNCEL and CTNL

The stake is sold to China Merchants & PingAn Infrastructure Phase 1 Equity Investment Fund (Tianjin) Co Ltd (PingAn), a fund jointly owned by PingAn Insurance and China Merchants, a release from IL&FS Group said

The slowdown in spending by Indian households through the lockdowns has resulted in $200 billion extra net savings in financial assets

Justice Prateek Jalan passed the order on a plea by erstwhile directors of the three companies challenging a 2016 circular of the Reserve Bank of India (RBI) regarding declaration of accounts as fraud by banks

Investigation under PMLA reveals there was a well-planned conspiracy to defraud IL&FS and Indian banks by Jaimin Vyas in connivance with officials of IL&FS and one Chinese EPC Contractor SEPCO III

Potential investors have been told the price should be HK$23.70 for the 1 billion shares that are being sold down in the deal, the term sheet showed

Somehow, we have not shaken off our societal stigma of \"debt\" as a practice and we are caught up in the dilemma if we want to use debt as a leverage for growth - both for individuals or governmental spending

The cash-strapped group has, however, maintained its earlier estimates of addressing more than 50 per cent of the overall debt of over Rs 99,000 crore as of October 2018

JPMorgan has said in public filings that it was in discussions with authorities about resolving the investigations

Cash-strapped IL&FS Group on Wednesday said it has completed sale of its 73.69 per cent stake in education business, held under Schoolnet India Ltd (SIL), to Falafal Technologies

IL&FS had requested the Mumbai-bench of the National Company Law Tribunal (NCLT) to take on record its proposal to initiate the bankruptcy proceedings before the Dubai Courts under UAE Federal Decree

Udayan Sen, former CEO of Deloitte India, was the main Engagement Partner for Deolitte Haskin and Sells in the statutory audit of IL&FS Financial Services for the year 2017-18

The SEBI completed investigations in 110 cases in FY19 compared to 145 in the previous year, registering the sharpest decline of 24.1 per cent in the past eight years

IL&FS Group's new board, headed by veteran banker Uday Kotak, expects the company to address over Rs 57,000 crore of debt, with around Rs 50,500 crore likely to be addressed by March 2021

After the Franklin Templeton mishap, you can no longer ignore the issue and take safety of debt funds for granted

The Wadhawan brothers are presently in jail after being arrested by the Central Bureau of Investigation (CBI), which is also probing the same case

The Milagrow Humanoid ELF enables doctors to monitor and interact with contagious COVID-19 patients remotely with no person-to-person contact, thereby significantly reducing the transmission risk

For India, which is the third largest consumer in the world, the whole SPR storage capacity comes to just 39 MB. So the country has the limitations when it comes to stocking up cheap crude for future

Pakistan on Tuesday reported 16 more deaths from the coronavirus, taking the country's toll to 192, while the number of confirmed infections spiked to over 9,000