ED searches 2 former IL&FS auditors in connection with money-laundering case

The ED carried out searches against two former auditor firms of IL&FS -- BSR and Associates and Deloitte Haskins and Sells -- on Wednesday in connection with its money-laundering probe into alleged......

IL&FS Financial gets India's first masala loan

The first tranche was raised a few weeks ago and the company was looking to raise more if needed. IL&FS Financial Services became the first Indian company to raise money through a masala loan, a......

Govt reshuffles IL&FS board; C S Rajan is non-executive chairman

The government has reshuffled the board of IL&FS Ltd, which is undergoing debt resolution process, with existing board member C S Rajan being redesignated as the non-executive chairman.......

IL&FS: Contempt notices issued to Axis, StanC, others

The ministry informed the tribunal that former head of ILFS Financial Services Ramesh Chandra Bawa withdrew/transferred Rs 1 crore and Rs 14 lakh from Axis Bank accounts in two instances which are......