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Total 53 results found. Search for [ IFIN ]

Results 1 to 21 of 53
PTI
October 24, 2020
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


Dipak Mondal
August 17, 2020
The report found that IFIN was not compliant with the minimum Net Owned Funds and Capital to Risk Assets Ratio (CRAR) prescribed for an NBFC of its type, as of March 31, 2018


Prasanna Mohanty
August 12, 2020
Solutions to shadow banking risks are well-documented: tightening regulations, extending central banks' cover as lender-of-last-resort, mandating deposit insurance to prevent overnight collapse, controlling trade in highly complex, opaque and high-risk derivatives and changing short-term-funding-long-term-lending business model


Prasanna Mohanty
August 12, 2020
That shadow banking was at the core of the financial sector meltdown that led to the Great Recession of 2007-08 is well documented and so is the fact that it remains big and powerful enough to cause serious financial crisis and yet, India and the US continue to promote it


Prasanna Mohanty
July 29, 2020
Apart from rise in financial frauds in private companies in India, recent years have also witnessed a rise in the role of shell companies and tax havens in their operations, raising further concerns about illicit operations


BusinessToday.In
July 22, 2020
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


Aprajita Sharma
New Delhi, May 20, 2020
According to a survey by proxy advisory firm Institutional Investor Advisory Services (IiAS), 78 per cent investors and sell -side analysts feel companies should suspend dividends and fortify their balance sheets


BusinessToday.In
New Delhi, April 21, 2020
The Bombay High Court said that National Company Law Tribunal (NCLT) cannot ban the audit firms for five years. The court has given eight weeks' time to the corporate affairs ministry to appeal in Supreme Court


PTI
March 4, 2020
In July, the NCLT had allowed the plea of the Ministry of Corporate Affairs (MCA) to implead the auditors and independent directors of a subsidiary of IL&FS


BusinessToday.In
February 17, 2020
Deloitte said in a statement on Sunday that it will no longer offer non-audit services such as consulting, due diligence or any other consultancy services to public interest entities which are its audit clients


BusinessToday.In
New Delhi, December 16, 2019
EY has already hired around 11,000 professionals and by June 30 next year, the firm aims to hire another 12,000. The company has scaled up hiring to cement India's position as its largest workforce outside of the US


BusinessToday.In
New Delhi, December 12, 2019
Catch the latest top stories from the world of business and economy with BusinessToday.In's end of day report


Dipak Mondal
New Delhi, December 12, 2019
The audit regulator is now examining whether disciplinary proceedings under the relevant provisions of the Companies Act 2013 need to be initiated against Deloitte


PTI
August 20, 2019
The NCLAT order came on an appeal moved by Deloitte against the NCLT order on August 9 rejecting the auditor's plea which challenged the tribunal's jurisdiction to ban it for five years for omissions and commissions in the IL&FS Group scam


BusinessToday.In
August 19, 2019
SEBI initiated legal proceedings against ICRA, CARE Ratings and India Ratings & Research since they had given IL&FS the highest rating of AAA even after ITNL defaulted in June 2018 and hence failed to warn investors about the Group's deteriorating credit profile


BusinessToday.In
August 17, 2019
IL&FS crisis: The Enforcement Directorate (ED) also attached the company's assets worth around Rs 570 crore. The chargesheet has been filed under the provisions of the Prevention of Money Laundering Act (PMLA) before a special court in Mumbai.


PTI
August 17, 2019



PTI
New Delhi, August 15, 2019
In its fifth progress report on the group's resolution process and the way forward, submitted to the Mumbai-bench of the National Company Law Tribunal (NCLT), the company said that the measure has helped reduce its wage bill by nearly 47%.


Reuters
Mumbai, August 9, 2019
The government has asked for a five-year ban on Deloitte Haskins & Sells LLP and a KPMG affiliate for allegedly aiding and abetting a financial fraud at IFIN, a unit of IL&FS,


BusinessToday.In
New Delhi, July 21, 2019
The ED and Grant Thornton have discovered that the IL&FS senior management interfered in the ratings review of its group firms, seeking their upgradation on many occasions


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