IL&FS group would resolve debt of Rs 55,000 crore by March 2022, the board of the crisis-hit company has stated in its affidavit filed before the National Company Law Appellate Tribunal (NCLAT).......
Bankrupt Infrastructure Leasing & Financial Services (IL&FS) has sold the entire stake in the waste management arm IL&FS Environmental Infrastructure & Services (IEISL) and its subsidiaries to......
For non-banks, the IL&FS crisis was nothing short of India’s Lehman moment, which has for a foreseeable future reset the sector on multiple grounds. Two and a half years after the......
With real estate valuations falling and other deals coming unstuck, the current management’s improved target faces significant challenges. The Covid crisis could not have come at a worse......
The financial services sector, including NBFCs and housing finance companies (HFCs), have historically been the largest borrowers from MFs. Illustration: Dominic Xavier/Rediff.com The overall......