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King of Indian bond sales warns of biggest crisis since Lehman

Axis Bank's Shashikant Rathi says the bond market is in 'complete chaos' since the shock defaults last year by IL&FS.
Pedestrians and shoppers walk past stores on a street in Varanasi (representational image)

In IL&FS crisis season, why you should be worried if your PF money is with exempt trust

Exempted firms not overseen by EPFO have adopted govt guidelines that pertain to investments but there is no one to monitor if these are followed
The Reserve Bank of India (RBI) logo is displayed on a gate at the central bank's headquarters in Mumbai

Failing to challenge NCLAT’s loan classification can further damage RBI’s credibility

The National Company Law Appellate Tribunal ordered that no lender can declare its exposure to embattled IL&FS Group as non-performing without its permission.
Graphic by Arindam Mukherjee | ThePrint

Foreign players are taking the place of Indian entrepreneurs biting the dust

Suzuki has half the car market, the Chinese have mobile phones, the Koreans consumer durables and Etihad may run Jet. Where would we be without foreign players?
IL&FS building in Mumbai | Abhijit Bhatlekar/Bloomberg News

ED conducts multiple raids in connection to IL&FS payment default case

IL&FS has defaulted on payment of loans to SIDBI and along with its subsidiaries has a combined debt of over Rs 91,000 crore.
IL&FS building in Mumbai | Abhijit Bhatlekar/Bloomberg News

IL&FS crisis threatens savings of employees in wayward pension trusts

Several pension trusts invested in IL&FS because it was considered ‘safe’. So far, the losses are unclear as 200 trusts haven’t filed their returns to EPFO.
IL&FS building in Mumbai | Abhijit Bhatlekar/Bloomberg News

There was major failure by rating agencies in IL&FS crisis, Parliamentary panel says

Panel questions highest rating to debt instruments of IL&FS group even when the company was highly leveraged and at the brink of default.
Queues outside an ATM after demonetisation was announced

It’s time policy makers acknowledge the real problem facing India’s shadow banks

The collapse of the highly rated infrastructure operator-financier IL&FS Group exposed the fault lines under Indian shadow banks’ impressive credit edifice.
Workers at a construction site in Delhi (representational image) | Ruhani Kaur/Bloomberg

Now NBFCs are dreading bankruptcies in the real estate sector

Blinded by falling funding costs, NBFCs raised their exposure to property firms by 46% over 3 years even as banks have been extremely cautious.
File image of Subhash Chandra, chairman of Zee Entertainment Enterprises Ltd. | Scott Eells/Bloomberg

Subhash Chandra’s Zee drama was scripted in the shadows of the messy IL&FS bankruptcy

It’s clear now that the real reason for the Zee crisis is the debt load & the collapse of IL&FS found a mention in Subhash Chandra’s mea culpa.

On Camera

Kanshiram (centre) along with the other founding members of BAMCEF in the 1970s | Facebook

Kanshi Ram matters in 2019 polls and why some think he deserves a Bharat Ratna

Kanshi Ram promised the lower castes that if they can organise themselves into a grand voting bloc, they will become the ruler of this country.
anil ambani

Anil Ambani pays up: Defaulting tycoons can no longer game the system or is it a one-off?

Anil Ambani Tuesday escaped a three-month prison term after his elder brother Mukesh Ambani agreed to repay money Reliance Communications owed to Ericsson’s local unit.

Defence

Mi-25 gunships | YouTube

Chopper delivery from India to Afghanistan delayed by a year, now likely in June

Questions are, however, being raised in Afghanistan on whether India will be able to deliver the Mi-25 gunship choppers as it heads into elections & amid tension with Pakistan.
Illustration by Soham Sen | ThePrint

China humiliated India because of these 5 fatal follies of Modi Doctrine

India looks less equal to China than 5 years ago, US alliance is hobbled by trade, and Pakistan looks anything but chastened by Balakot. What’s gone wrong?