Wednesday, November 28, 2018, 7:52 PM
Cash-strapped Infrastructure Leasing & Financial Services (IL&FS) Group on Wednesday said it had initiated a process to sell its stake in the renewal energy business. The renewable assets of the group include operating wind power plants with an aggregate capacity of 873.5 megawatt (MW), and under-construction wind power plants worth 104-MW capacity. IL&FS Group has a debt of over Rs 94,200 crore.
Wednesday, November 14, 2018, 7:54 AM
The government may train its guns on RBI deputy governor Viral Acharya if the confrontation with the central bank escalates at the RBI board meeting on 19 November, a person familiar with the deliberations within central bank's board said. The government and some independent directors on the RBI board are upset with deputy governor Viral Acharya for his public outburst on protecting RBI autonomy.
Wednesday, November 14, 2018, 7:49 AM
It has been three months since a shadow banking behemoth-turned-defaulter and Indian private sector companies, including financiers, were trying hard to make bond investors trust them with money. The signs are that the trust is unlikely to return quickly. They can hardly be blamed, with Infrastructure Leasing and Financial Services Ltd (IL&FS) defaulting on the most liquid and pristine form of debt commercial paper.
Monday, November 12, 2018, 8:50 AM
The Union government will not yield ground on its right to issue a directive to the Reserve Bank of India (RBI), even as it claimed that contentious issues between the two should be resolved at the board meeting of the central bank on 19 November. There is complete clarity in the government that it has the right to issue a directive.
Saturday, November 10, 2018, 7:22 PM
The Tripura government will soon start dialogue for purchase of 26% equity shares of the Palatana gas thermal power project from Infrastructure Leasing and Financial Services (IL&FS). The 726.6 Megawatt (MW) gas-based power project, run by ONGC Tripura Power Company (OTPC), was launched in 2014 as a joint venture between ONGC, IDFC, IL&FS and the Tripura government.
Thursday, November 1, 2018, 3:12 PM
The monthly data on bank credit to various sectors is now available till September-2018. Chart 1 shows the scorching pace of bank credit growth to non-banking financial companies (NBFCs) continued in September, although the Infrastructure Leasing and Financial Services Ltd's (IL&FS) debacle had come to light in that month. Chart 2 shows bank credit going to NBFCs as a percentage of total bank credit.
Monday, October 22, 2018, 10:26 AM
The Union-Government may have to bailout cash-strapped IL&FS, if latest discussions between group's board and government are any indication, according to 3-people familiar with the development. This has been necessitated following failed attempts by company to raise Rs.4,500Cr through a rights issue. If the government does heed the appeal from IL&FS, this would be its 2nd-intervention in company after having recently superseded the board.
This is to inform that Suvision Holdings Pvt Ltd ("IndianMoney.com") do not charge any fees/security deposit/advances towards outsourcing any of its activities. All stake holders are cautioned against any such fraud.