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Tuesday, April 7, 2026
TopicIL&FS Financial Services

Topic: IL&FS Financial Services

Finance minister Arun Jaitley meets Urjit Patel as rift widens

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

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

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

Syringes, MRI to ventilators, West Asia war squeezing India’s medical supply chain—costs up 10 to 50%

Industry says manufacturers have 2-4 weeks of buffer stocks, but prolonged disruption could push up shortage risks, especially of consumables like IV and syringes.

UAE walks away from financing Rafale F5 due to restricted access to technology, reports French media

French newspaper La Tribune earlier last week indicated that UAE withdrew from deal to fund EUR 3.5 billion. India is looking to order 114 new Rafales, which could include the F5.

China insulated itself against energy shocks. India is ‘all talk, no walk’

China patiently invested capital, skill and technology in coal gasification. Unlike it, we won’t move from words to action. As crude prices decline, we lose interest.