Friday, 20 May, 2022
TopicDHFL

Topic: DHFL

CBI books DHFL promoters for creating over 2 lakh fake loan accounts under govt housing scheme

Ananya Bhardwaj -
According to CBI, DHFL created 2.60 lakh fake accounts and disbursed home loans worth Rs 14,046 cr between 2007-2019 to avail interest subsidy under Pradhan Mantri Awas Yojana.

Why bankrupt DHFL’s ordinary FD holders will lose more money than banks that supported it

Manojit Saha -
DHFL’s committee of creditors has approved Piramal Capital’s offer of around Rs 37,000 crore for the company, which has a debt of nearly Rs 85,000 crore.

DHFL’s bankruptcy saga shows India will struggle to fix financial system after Covid

Andy Mukherjee -
India's lending system’s aggregate balance sheet had a gaping hole even before Covid-19. Now, things could turn uglier.

DHFL gets big bids as NBFC sector begins to show signs of recovery

Suvashree Ghosh -
Oaktree Capital Group has offered Rs 366.5 billion, up from Rs 310 billion in its previous bid for DHFL. Piramal Enterprises and Adani Group also improved their proposals.

CBI files charge sheet against Yes Bank’s Rana Kapoor, Dewan Housing’s Wadhawans

PTI -
CBI has alleged that companies controlled by Kapoor and his family members got undue benefits in return for investment in DHFL debentures by Yes Bank.

ED files charge sheet against Rana Kapoor for money laundering in Yes Bank case

PTI -
The ED is investigating Rs 600 crore received by a company allegedly controlled by Kapoor, his wife and three daughters from an entity linked to DHFL.

CBI asks Satara authorities not to release DHFL promoters from quarantine without approval

PTI -
The CBI said DHFL promoters Kapil and Dheeraj Wadhawan were absconding since a case against them was registered on 7 March in YES Bank fraud case.

Case against DHFL’s Wadhawans & 21 others for violating lockdown to travel outside state

PTI -
The Wadhawans and others were detained by civic officials Thursday for travelling from Khandala to Mahabaleshwar despite Pune and Satara districts being sealed.

IPS officer sent on compulsory leave over DHFL promoters’ travel during Covid-19 lockdown

PTI -
The Maharashtra bureaucrat had issued a letter exempting DHFL's Wadhawans from the Covid-19 lockdown norms citing a family emergency.

‘Health is priority’ — DHFL promoters cite coronavirus to avoid facing ED in Yes Bank case

Ananya Bhardwaj -
In their replies to summons issued by ED, both Dheeraj Wadhawan and Kapil Wadhawan have said they have “nothing more to say” in the Yes Bank case.
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Economy

PT Pertamina Balongan refinery in Indramayu, Indonesia | Representational image | Bloomberg

Asian refiners to ramp up gasoline exports to US as sky-high prices beckon

Elizabeth Low -
In Asia, gasoline margins have doubled to more than $33 a barrel since the end of March and have edged above those for diesel, which have eased from a peak in early May.

Defence

File photo of a defence personnel armed with a SiG 716 rifle near the Line of Control | Photo: Snehesh Alex Philip | ThePrint

India to ink ‘repeat order’ deal for 73,000 SiG 716 rifles from the US

Snehesh Alex Philip -
In February 2019, 72,400 SiG 716 rifles of 7.62 x 51mm calibre were contracted from SIG Sauer Inc, USA, under government's 'Buy (Global) category', through fast track procedure.

National Interest

How Congress is like the Ambassador & why Indian politics needs a brand new set of wheels

Shekhar Gupta -
Like the car, nothing the party has done to reinvent itself has worked. Only way forward is to offer something looking towards the future, not in image of glorious past.

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