Thursday, 11 August, 2022
TopicIL&FS crisis

Topic: IL&FS crisis

Four ideas to fix India’s financial crisis and ride the 2020s

India should get its financial industry ready for the opportunities the 2020s may have in store, but without trying to pick winners.

GIC to back Indian road builder IRB Infrastructure for bigger projects & revenue boost

Road construction companies like IRB need funds more than ever after the IL&FS collapse increased costs and delays in acquisitions.

Data analytics — govt regulator’s answer to dodge IL&FS-like crisis in housing finance sector

National Housing Bank is looking to prevent an IL&FS-like default in the housing finance sector as companies grapple with serial downgrades.

Enforcement Directorate conducts fresh raids related to IL&FS case in Mumbai

Residences and offices of at least four directors of IL&FS were raided in connection with its money laundering probe, said ED officials.

Housing finance regulator NHB comes in for tougher oversight to prevent liquidity crisis

With visible signs of stress among housing finance companies, the NHB’s inclusion in FSDC will aid better information sharing among regulators.

NBFC crisis is over but problem remains, says HDFC Bank chief Aditya Puri

The worst of the NBFC problems are over but it will be another 12 to 18 months before liquidity issues are resolved, HDFC Bank’s Puri says.

IL&FS CEO Ramesh Bawa arrested by India’s serious fraud unit for financial irregularities

CEO Ramesh Bawa was arrested in connection to ongoing investigations of irregularities across IL&FS entities, after the SC refused bail.

Indiabulls sees opportunity in the cash crunch of residential property market

The fund manages $580 million and has shifted its focus to office buildings after demand for homes waned.

On Camera

YourTurn

File photo of Sterlite copper unit at Tuticorin in Tamil Nadu | By special arrangement

Shut since 2018 violence, TN Sterlite plant’s closure cost economy Rs 14,749 cr, says study

Copper plant in Thoothukudi was closed after protests turned violent & police firing left 13 people dead. Job losses one of major impacts, says study by NGO CUTS International.

Defence

Representational image | Indian Army soldiers during the Army Day Parade at Cariappa Parade Ground in New Delhi | ANI Photo

Army looks to reduce troops by 2 lakh, deployment in Kashmir could be rejigged

The Army, which faces a shortage of about 1.35 lakh personnel, is aiming to reduce its strength from 12.8 lakh to around 10.8 lakh.

In Kashmir 3 years on, 3 positive changes, 3 things that should’ve happened & 3 that got worse

Kashmir as a crisis has fallen off our headlines and from the top of our collective minds. Which is precisely the most important change for the better.
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