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Total 38 results found. Search for [ IFIN ]

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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


BusinessToday.In
New Delhi, July 21, 2019
India Ratings refuted the Grant Thornton report, saying that it is based on partial and selective source material from IL&FS and demonstrates a limited understanding of the credit rating process


PTI
New Delhi, July 20, 2019
In an interim forensic audit report on role of credit rating agencies engaged by the erstwhile management, Grant Thornton has flagged a number of cases amounting to potential favours and gifts given to senior officials of the agencies and even their family members.


BusinessToday.In
July 19, 2019
As per ED's investigators, then senior management of IL&FS comprising Ravi Parthasarathy, Arun Saha and Hari Sankaran used to engage in talks with ICRA's analyst team to get \"desired things\".


PTI
New Delhi, July 19, 2019
The tribunal allowed prosecution of C Sivasnkaran and his group as the probe has revealed that management of IFIN abused their position by giving loans to the Siva group as some group companies failed to repay the earlier loans granted to them by IFIN.


Reuters
July 14, 2019
Deloitte Haskins & Sells LLP is contesting the government's call for the ban on the auditor for its alleged involvement in financial fraud


PTI
June 20, 2019



BusinessToday.In
June 20, 2019
The beleaguered auditors Deloitte Haskins and Sells, and BSR and Co (a KPMG affiliate) are faced with several chargesheets, petitions, show-cause notices and requests for information from six probe agencies.


BusinessToday.In
June 17, 2019
Once the court passes an interim order freezing the assets, only limited withdrawal of funds is allowed for the sustenance of the account holders. In December, the NCLT had frozen the assets of nine top brass officials of the Group


PTI
New Delhi, June 16, 2019
The Sebi probe had begun soon after the crisis came to light at IL&FS group last year, following huge defaults by various entities which together had a debt burden of over Rs 90,000 crore


Reuters
June 13, 2019
After the government took over IL&FS, federal investigators began looking into one of its key financial units, IFIN, which was audited by Deloitte between 2008/09 and 2017/18, and by a KPMG affiliate, BSR & Associates, from 2017/18.


PTI
June 12, 2019



BusinessToday.In
New Delhi, June 12, 2019
Govt defends GDP numbers after ex-CEA Arvind Subramanian alleges overestimationGovernment has debunked claims by former Chief Economic Advisor Arvind Subramanian that India's GDP growth estimate has been exaggerated by 2.5 per cent. The Ministry of Statistics and Policy Implementation argued that due procedure has been followed in calculating the GDP estimates. In his recent research paper published at Harvard University, Subramanian had pegged actual GDP growth of India at around...


PTI
June 11, 2019
As per the report, a part of a loan disbursed to SIVA Group was used by the borrower to pay IFIN for the liabilities arising out of a debt syndication fee


Reuters
June 11, 2019
The corporate affairs ministry told a company law tribunal that the companies \"miserably failed\" to fulfil their duties as auditors for IL&FS Financial Services (IFIN)


BusinessToday.In
June 11, 2019
Share Market Update: Top index gainers in NSE pack today were Zee Entertainment, ONGC, YES Bank, Tata Motors and JSW Steel. Top losers of today's closing session were Indiabulls Housing Finance, Sun Pharma, M&M, Dr. Reddy and Tech Mahindra.


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