In October 2018, the government seized control of the debt-trapped company and superseded its board led by Uday Kotak as the chairman

Stocks in the news: Bharti Airtel, Ashok Leyland, IL&FS, Artson Engineering, Vaibhav Global, TTK Prestige, Canara Bank, Tata Power and other stocks will remain in focus on Thursday's trading session

The shadow banking sector has been battling a credit crunch ever since one of the sector's biggest firms Infrastructure Leasing & Financial Services collapsed in late 2018 amid fraud allegations

Fitch said it was revising the fiscal deficit forecast as revenue collection is likely to fall far short of the projections in the FY2019/20 Union Budget due to weak GST and corporate income tax collections

The rating agency, however, expects the government to support the banks directly rather than the finance companies.

IL&FS Engineering and Construction has defaulted on redemption of preference shares worth Rs 39.5 crore in favour of Vistra ITCL (India)

The IL&FS board met 25 times in the last year -- almost twice every month; they also strengthened the management team, conducted a forensic audit and managed cost rationalisation

Anil Ambani's Reliance says funds had been arranged by the due date and the delay was due to technical glitches in the bank's servers

The market regulator Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs 10 lakh on Infrastructure Leasing & Financial Services (IL&FS) for non-disclosure of price-sensitive information to stock exchanges.

The hefty discounts come amid an unprecedented slump in the auto sector. Sale of automobiles crashed by 23.5 per cent to 18,21,490 units in August, the worst ever decline in a month on a year-on-year basis since 1997-98

DHFL shares gained as much as 10.20 per cent to hit an intraday high of Rs 51.30 apiece against the previous close of Rs 46.55 on the BSE. In the last 15 days, the stock has gained as much as 30 per cent

DHFL board also approved a proposal to increase the authorised share capital of the company from Rs 828 crore to Rs 1,090.39 crore

ICRA share price fell almost 5% in Friday's trading session after the rating agency terminated the employment of managing director and chief executive officer Naresh Takkar.

In a recently released report, S&P Global Ratings claimed that the asset quality and growth of India's banks are likely to remain under stress due to the fragility in financial markets, rising risk aversion, and weakness in some highly leveraged corporate sectors

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

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.

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.

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

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