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Govt alleges 22 audit violations by Deloitte, KPMG arm in IL&FS fraud case

Finance

13 June, 2019

Govt alleges 22 audit violations by Deloitte, KPMG arm in IL&FS fraud case

India detected at least 22 violations of auditing standards by Deloitte Haskins & Sells and a KPMG affiliate while investigating ......

Reliance Capital rejects PwC's observations after auditor quits

Finance

13 June, 2019

Reliance Capital rejects PwC's observations after auditor quits

Reliance Capital said on Thursday the observations of global audit firm PwC about its fiscal accounts were "completely baseless and ......

RBI to monitor NBFCs more closely, says governor Shaktikanta Das

Finance

10 June, 2019

RBI to monitor NBFCs more closely, says governor Shaktikanta Das

Reserve Bank of India Governor Shaktikanta Das said the central bank would closely monitor the health of non-banking financial companies ......

Stressed assets this week: Jet, Orchid Pharma and Aircel in focus

Healthcare

24 May, 2019

Stressed assets this week: Jet, Orchid Pharma and Aircel in focus

With the insolvency courts in recess, activity in the stressed assets segment was slightly subdued in the week gone by. ......

Dewan Housing shares slump on deposit curbs after rating downgrade

Finance

22 May, 2019

Dewan Housing shares slump on deposit curbs after rating downgrade

Shares of Dewan Housing Finance Corp Ltd (DHFL), one of India's biggest home loan lenders, fell as much as 18% ......

Swiggy investor Coatue may back Faasos; Ikea invests in Livspace

General

20 May, 2019

Swiggy investor Coatue may back Faasos; Ikea invests in Livspace

New York-based hedge fund Coatue Management is in talks to lead a $120 million (Rs 835 crore) funding round in ......

Japan's Orix seeks to buy remaining stake in IL&FS wind energy assets

Infrastructure

19 May, 2019

Japan's Orix seeks to buy remaining stake in IL&FS wind energy assets

India’s debt-ridden Infrastructure Leasing and Financial Services (IL&FS) said on Sunday that Japan’s Orix Corp has expressed an interest in ......

IL&FS arm starts process to sell road project in China

Infrastructure

26 April, 2019

IL&FS arm starts process to sell road project in China

A step-down unit of Infrastructure Leasing & Financial Services Ltd (IL&FS) has started a process to sell its 49% stake ......

IL&FS set to sell wind energy assets to GAIL for $689 mn

Infrastructure

22 April, 2019

IL&FS set to sell wind energy assets to GAIL for $689 mn

State-run GAIL (India) Ltd has emerged as the highest bidder to buy seven operating wind energy assets of the financially ......

Snapdeal in talks to acquire ShopClues; Canadian funds, Piramal eye GIP road portfolio

General

09 April, 2019

Snapdeal in talks to acquire ShopClues; Canadian funds, Piramal eye GIP road portfolio

Online retailer Snapdeal is in talks to acquire rival ShopClues, two media reports said. Citing a source familiar with the negotiations, ......