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NCLT rejects Deloitte, KPMG arm's no-jurisdiction plea

Finance

09 August, 2019

NCLT rejects Deloitte, KPMG arm's no-jurisdiction plea

An Indian tribunal on Friday rejected an appeal by the auditors of debt-laden Infrastructure Leasing & Financial Services (IL&FS), challenging ......

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IL&FS PE's Euronext-listed real estate fund makes last exit with big loss

Infrastructure

26 July, 2019

IL&FS PE's Euronext-listed real estate fund makes last exit with big loss

The private equity arm of Infrastructure Leasing & Financial Services Ltd (IL&FS) has exited its last investment from a Euronext-listed ......

Dewan Housing auditors raise red flags around quarterly results

Finance

23 July, 2019

Dewan Housing auditors raise red flags around quarterly results

India’s Dewan Housing Finance Corp Ltd (DHFL) filed its long-delayed audited results for the quarter ended March 31 late on ......

IL&FS inches closer to selling wind energy assets to Orix

Infrastructure

22 July, 2019

IL&FS inches closer to selling wind energy assets to Orix

Infrastructure Leasing & Financial Services Ltd (IL&FS) has received approval from a court-appointed judge to sell its wind energy business ......

How IL&FS used favours and pressure tactics to ensure good ratings

Finance

22 July, 2019

How IL&FS used favours and pressure tactics to ensure good ratings

Credit rating agencies for years assigned high ratings to India's Infrastructure Leasing & Financial Services (IL&FS) and its group companies ......

Dewan Housing Finance says facing substantial stress, may not survive

Finance

15 July, 2019

Dewan Housing Finance says facing substantial stress, may not survive

One of India’s biggest housing finance companies, Dewan Housing Finance Corp Ltd (DHFL), warned on Saturday that its financial situation ......

Budget 2019: RBI to get more powers; NBFCs receive a lifeline

Finance

05 July, 2019

Budget 2019: RBI to get more powers; NBFCs receive a lifeline

The government will give greater power to the central bank to regulate mortgage lenders and non-banking financial companies, as it ......

Troubled mortgage lender Dewan Housing again misses debt payments

Finance

26 June, 2019

Troubled mortgage lender Dewan Housing again misses debt payments

Indian mortgage lender Dewan Housing Finance Corp Ltd (DHFL) said it had only been able to make a 40 percent ......

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Nearly 50 companies in IPO queue — what's stopping them from taking the plunge?

Markets

19 June, 2019

Nearly 50 companies in IPO queue — what's stopping them from taking the plunge?

It wasn’t too long ago that privately-held Indian companies were in a rush to go public. The stock markets were ......

SEBI tightens credit rating norms after defaults, downgrades

Finance

14 June, 2019

SEBI tightens credit rating norms after defaults, downgrades

India’s market regulator on Thursday ordered enhanced disclosure norms for credit rating agencies in an effort to increase transparency as ......