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Monday, February 23, 2026
TopicIL&FS Financial Services

Topic: IL&FS Financial Services

Finance minister Arun Jaitley meets Urjit Patel as rift widens

Vrishti Beniwal -
RBI under Patel has been pushing for more powers to clean up bad debts, but the Modi government wants banks to continue lending

How Indian rating agencies missed the IL&FS mess

Anurag Joshi -
India’s credit rating industry has come under scrutiny after firms that assessed IL&FS failed to see the financial troubles brewing at the financier.

IL&FS seeks insolvency cover to avoid bankruptcy amid string of defaults

Anurag Joshi -
IL&FS has missed more than 5 debt payments since August and is trying to settle the matter with creditors outside the insolvency courts.

On Camera

YourTurn

Opinion

Nick Jonas wearing a mangalsutra is validation for many Indians. He’s our favourite jiju

Stela Dey -
Nick Jonas is not trying to modernise the mangalsutra, but his gesture shows that choices can be equal. If commitment must be flaunted, it need not be gendered.

Patel’s 1950 letter to Nehru: Find no legal power to deal with Press or men like Syama Prasad

Everyone’s ‘damaged’ in modern dating. Love will soon be called a mental illness

Economy

In the West, there’s anxiety. In India, optimism—Rishi Sunak says India poised to be leader in AI

Vrinda Tulsian -
On Wednesday, the former UK Prime Minister Rishi Sunak was speaking in New Delhi at a Carnegie & Observer Research Foundation event on AI.

Defence

Suspected brake failure leads to Tejas accident after landing, airframe likely to be written off

Snehesh Alex Philip -
The IAF, so far, remains mum on this accident which has led to grounding of the fleet for safety checks.

National Interest

No country is ever fully sovereign. Cold War era taught India its real meaning

Shekhar Gupta -
India’s fraught neighbourhood places multiple constraints on its strategic choices. It leaves no time to take a deep breath, lean back and reset.

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