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PTI
August 22, 2019
ED officials had prepared a questionnaire for him to get a fair idea of the financial transactions, the official said. They allowed Raj to leave after recording his statement in the case, the official said


Reuters
August 22, 2019
Refused a loan by a state-run lender and desperate for funds to buy cotton seeds before the summer sowing season window closed, Indian farmer Babasaheb Mandlik ran out of choices - he pawned his wife's gold jewelry.


PTI
August 22, 2019
MNS chief Raj Thackeray, summoned by the Enforcement Directorate (ED) in a money laundering case, on Thursday reached the agency's office in south Mumbai with his family members in tow.


Reuters
August 22, 2019
The Securities and Exchange Board of India (SEBI) said it enabled rating agencies to get \"explicit consent\" from clients in rating agreements to secure details on debt repayments and any delays or defaults from lenders or other organisations


PTI
Mumbai, August 20, 2019
The agency is probing alleged irregularities relating to loans and equity investment worth over Rs 450 crore by IL&FS in Kohinoor CTNL Infrastructure Company


BusinessToday.In
New Delhi, August 19, 2019
RBI Governor Shaktikanta Das said that the central bank is keeping a close eye on the interconnectedness of banks and NBFCs and reiterated that the monetary authority will not let any of the top 50-odd NBFCs to fail


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


Reuters
New Delhi, August 15, 2019
The RBI's report, included in regulatory filings by IL&FS on Wednesday, found that IL&FS, one of India's biggest non-banking finance companies, or shadow banks, had not declared bad loans in the four years to March 31, 2018.


PTI
August 12, 2019
Embattled IL&FS group has proposed to the National Company Law Tribunal (NCLT) the sale of its wind energy business to Japan's Orix Corporation which will help reduce the debt of the company by Rs 4,800 crore.


PTI
August 11, 2019



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,


Reuters
New Delhi, August 6, 2019
As part of the resolution plan, DHFL will also put a moratorium on repayments and seek funding from banks to start retail lending, the company said here after a meeting of the special committee for resolution plan


PTI
August 6, 2019



Reuters
Mumbai, August 4, 2019
According to FADA data, passenger vehicle inventories now stand at 50-60 days up from around 45 days earlier, while those of two-wheelers are even higher at 80-90 days.


BusinessToday.In
July 31, 2019
The new norms make it more attractive and viable for corporates, including the currently struggling non-banking finance companies (NBFCs), to raise cheaper offshore funds


BusinessToday.In
July 27, 2019
Dewan Housing Finance Corporation Limited (DHFL) is likely to submit a resolution plan promising to repay all holders of maturities and fixed deposit holders on due date without them having to take any haircut, as per media reports.


PTI
New Delhi, July 26, 2019
The AAI will decide the names of these airports with annual passenger traffic over 1.5 million soon and recommend them to the Ministry of Civil Aviation


PTI
July 23, 2019



BusinessToday.In
New Delhi, July 23, 2019
DHFL shares rallied nearly 18 per cent in intra-day trade to Rs 61.80 apiece on the BSE, after slipping nearly 4 per cent in early deals, amid hopes of receiving lenders' approval on the final resolution plan


Anand Adhikari
New Delhi, July 22, 2019
The shortage of funds is threatening key sectors of the economy. What the government needs to do to fix it


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