In absence of Rajesh Mokashi, Care Ratings has appointed TN Arun Kumar, executive director, as interim CEO of the company

The auditors recently noted that the company's ability to raise funds has substantially impaired and the business has come to a standstill because of challenges in fresh disbursements

With over Rs 11,000 crore debt and an impending $172 million FCCB payout next month, Suzlon is negotiating with lenders and potential investors

This development comes on the heels of the Flipkart co-founder's collective investment of around Rs 700 crore in three NBFCs, Altico Capital, IndoStar Capital Finance and Northern Arc Capital, in just five months

The company said it was \"undergoing substantial financial stress\" and its ability to raise funds was \"substantially impaired and the business has been brought to a standstill with there being minimal/virtually no disbursements.\"

The Asian Infrastructure Investment Bank (AIIB) has provided a $100-million loan to L&T Infrastructure Finance Company Limited (LTIF), a subsidiary of L&T Finance Holdings Ltd and and a leading non-bank financier of renewable energy in India.

This was decided at a meeting on Thursday by the lenders of DHFL and Non-Convertible Debenture (NCD) holders, who met to take a decision on a resolution roadmap for the beleaguered company's outstanding loans.

Religare Enterprises has entered into a binding term sheet with TCG Advisory Services (TCG) for sale of its entire stake in its NBFC arm, RFL and RFL's subsidiary Religare Housing Development Finance Corporation

DHFL crisis: The auditors' decision to resign ahead of the board meeting follows unsatisfactory reply to their requests pertaining to fund deployment by DHFL.

Dewan Housing Finance is trying hard to come out of the NBFC liquidity storm

The Budget will lower to a large extent the liquidity stress in the financial sector

Sitharaman in her Budget on Friday announced a series of steps to give relief to non-banking financial companies facing cash crunch following the collapse of IL&FS last year

Sensex Live Today: Sensex and Nifty closed on a negative note, as market participants turned cautious post the outcome of Union Budget 2019 amid globally weakened markets.