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Saturday, November 2, 2024
TopicILFS

Topic: ILFS

Modi govt seizes control of IL&FS in a surprise takeover move

Shares of the group’s listed subsidiaries climbed in Mumbai before the decision was announced.

Modi govt approaches Company Law Tribunal in an attempt to rescue IL&FS

The government may seek a management change and look to supersede the existing board, said reports.

This is how IL&FS has planned to rescue itself

Rescuing IL&FS, which has a total debt of $12.6 billion, is vital to stem the risk of default spreading to other lenders.

India needs to launch a ‘surgical strike’ on IL&FS

Shareholders will have to move in to rescue the crumbling IL&FS in their meeting on Saturday.

Indian regulators need to stop the IL&FS rot from spreading

RBI & SEBI need to urgently offer an emergency bailout to IL&FS before it does more harm to the rest of the market.

Top global investors unfazed by cloud over Indian non-banking finance sector

Investors say India’s fundamentals are strong and very strong growth is expected in the coming years.

Crisis-hit IL&FS plans Rs 300 billion asset sales to raise funds

Defaulter IL&FS plans to sell 25 assets and has received investor interest for 14 of them.

Investors are spooked as Indian stock markets swing their wildest in more than 4 years

Yes Bank's shares sank to the lowest level since 2016 while Dewan Housing Finance Corp's dropped by 43 per cent.

On Camera

As a Hindu Canadian, I am deeply hurt by cancellation of Diwali. My community is now sidelined

Canada faces serious foreign interference issues, but these challenges must not be weaponized to unfairly target friendly and important allies like India.

Watch CutTheClutter: Flattening INR-USD rate, and debate on pros and cons of a ‘strong’ rupee

In Episode 1544 of CutTheClutter, Editor-in-Chief Shekhar Gupta looks at some top economists pointing to the pitfalls of ‘currency nationalism’ with data from 1991 to 2004.

All about Major Bob Khathing, whose daring expedition & diplomatic parleys secured Tawang for India

The decorated Naga officer from Manipur also served as envoy to Myanmar & Nagaland chief secy. Defence Minister Rajnath Singh inaugurated a museum dedicated to the Tawang hero Thursday.

Xi wanted to teach India about imbalance of power. We should take a budgetary lesson from it

While we talk much about our military, we don’t put our national wallet where our mouth is. Nobody is saying we should double our defence spending, but current declining trend must be reversed.