By Milind Deora Infrastructure Leasing & Financial Services (IL&FS) is in hot water. On August 7, credit-rating agency Icra downgraded IL&FS’ long-term loans and debentures
Category: Merits back reference
IL&FS crisis: SFIO probe to look for diversion of loan money – The Economic Times
The Serious Fraud Investigation Office will probe whether any of the loans granted to Infrastructure Leasing & Financial Services were diverted for other purposes and
Probe on to find why IL&FS gave ‘a false picture of its financials’ – The Hindu BusinessLine
The fact that the management of Infrastructure Leasing and Financial Services (IL&FS) was providing a false picture of its financials is among the first leads
ICICI-Better late than… | Business Standard Editorials
It speaks volumes for shareholder sentiment that the ICICI Bank stocks soared over four per cent when news of Chanda Kochhar’s early retirement, with immediate effect, as
Essar Steel auction: SC gives ArcelorMittal, NuMetal 2 weeks to clear dues | Business Standard News
The Supreme Court on Thursday decided to give one more opportunity to ArcelorMittal and NuMetal to bid for Essar Steel, but only if they both paid off their non-performing
ICICI–जा रे चंदा.. | Loksatta
चंदा कोचर यांना राजीनामा द्यावा लागला, यावरच आपली व्यवस्था धन्यता मानेल.. चंदा कोचर हे आपल्या कुडमुडय़ा भांडवलशाहीच्या बँकिंग शाखेस लागलेले फळ. संपूर्ण पिकायच्या आधीच ते
कालसुसंगत गांधी! | Maharashtra Times
कालसुसंगत गांधी! ‘भावी पिढ्यांना खरेही वाटणार नाही, की हाडामांसाचा असा कुणी या पृथ्वीवर होऊन गेला,’ जगद्विख्यात वैज्ञानिक अल्बर्ट आइनस्टाइन यांनी महात्मा गांधींसंदर्भात काढलेल्या या उद्गारांची
Ericsson files contempt plea against Anil Ambani over dues – The Economic Times
Com’s nonpayment of dues could drag the debt-laden telco back into insolvency proceedings, thereby nullifying its spectrum sale deal with Jio, and setting back efforts
CII suggests 12 ways to control current account deficit, rupee fall – The Economic Times
CII has suggested incentives for foreign currency non-repatriable (FCNR) accounts, NRI bonds and a special dollar window for oil companies The Confederation of Indian Industry
Need to regulate Committee of Creditors: NCLAT Chairperson – The Economic Times-R
Bankruptcy court NCLAT Chairperson Justice Sudhansu Jyoti Mukhopadhaya on Wednesday said there should be rules “to regulate the conduct of the Committee of Creditors (CoC) and its
Beyond firefighting on IL&FS front–Economic Times
The IL&FS crisis is a combination of poor management, possible malfeasance and systemic deficiency. Management has been changed at the board level. Probably, follow-through changes
Why Raghuram Rajan is wrong on credit guarantee trust for MSMEs bringing next set of NPAs – The Financial Express
Mohammad Mustafa Last month, as part of replies submitted to the estimates committee of the Lok Sabha, former RBI Governor Raghuram Rajan had warned about growing contingent liability at
RBI monetary policy review: Why a classic interest-rate defence for rupee will backfire – The Financial Express
Given how the rupee has been steadily depreciating—6% since the last policy—most expect RBI to raise repo rates later this week. A classic interest-rate defence is supposed
Oil marketing companies can borrow working capital from overseas now – The Financial Express
The domestic currency touched a low of 72.41 against the greenback intra-day before recovering it to close the session at 73.34. The Reserve Bank of
What ails the Indian economy? How India can address its biggest economic problem – The Financial Express
India has made considerable progress in removing unnecessary and inefficient controls on international and domestic trade and investment. In my last column, I argued that
What about operational creditors & workmen? Why IBC’s Committee of Creditors needs expansion – The Financial Express
Operational creditors can participate in the meeting but have no voting powers. Operational creditors are the neglected area. The Insolvency and Bankruptcy Board of India
No easy outs | Business Standard Editorials
The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) faces two contrasting challenges as it meets for the bi-monthly policy review. The prevailing domestic
Governance failure | Business Standard Editorials
The government’s use of the Companies Act to reform the board of the troubled shadow banker Infrastructure Leasing & Financial Services (IL&FS) has caused some of the
The Venezuela option – The Hindu BusinessLine
India’s oil-for-rice trade model with Iran can be revived and broadbased Faced with firm crude prices and a falling rupee, the Centre needs to act
Patients don’t have a voice – The Hindu BusinessLine
In mishaps such as J&J, it is important to hear the sufferer’s view It is politically correct for both the government and the industry to
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