Deloitte Misreading Law In Challenging 5-Year Ban, Centre Tells Court
Business | Thomson Reuters | Sunday July 14, 2019
The government has said it detected several violations of auditing standards by Deloitte while investigating fraud at IFIN, a unit of IL&FS
Mutual Funds Outflow At 1.60 Lakh Crore In June: Industry Body
Business | Press Trust of India | Monday July 8, 2019
In recent months, the mutual fund industry has been grappling with redemption pressure in the wake of debt crises at various groups, including IL&FS, Essel and DHFL
Opinion: India's Exotic Funds Are a $40 Billion Time-Bomb For Investors
Business | Andy Mukherjee, Bloomberg Opinion | Wednesday June 19, 2019
Exotic funds, designed for wealthy investors, have grown to $40 billion from nothing in just seven years, expanding by 71% in the 12 months through March
Government Seeks Ban On Deloitte, KPMG Arm For Alleged Auditing Lapses
Business | Thomson Reuters | Tuesday June 11, 2019
The government is seeking to ban Deloitte Haskins Sells and KPMG affiliate BSR & Associates for five years
IL&FS Crisis: Supreme Court Allows Reopening Of Books Of Accounts
Business | Tuesday June 4, 2019
The move by the top court comes as a setback for Hari Sankaran, who had challenged an order by the NCLAT to reopen the past books of IL&FS
RBI Proposes To Introduce Liquidity Coverage Ratio For Shadow Banks
Business | Thomson Reuters | Friday May 24, 2019
The LCR is proposed for all deposit taking NBFCs, and non-deposit taking NBFCs with an asset size of Rs 5,000 crore ($720 million) and above
Ex-Directors Of Crisis-Hit Lending Firm IL&FS Raided By Probe Agency
India News | Reported by Arvind Gunasekar, Edited by Shylaja Varma | Wednesday May 22, 2019
The Enforcement Directrate is carrying out searches at the homes and offices of four former directors of crisis-hit lending firm IL&FS in Mumbai in connection with an alleged money-laundering probe.
Government May Ban Deloitte For 5 Years In IL&FS Case: Report
Business | Indo-Asian News Service | Tuesday April 30, 2019
This extreme action is being warranted after Deloitte's alleged misdemeanours and conduct in the IL&FS case.
IL&FS Operational Creditors Seek Renewal Of Bank Guarantees
Business | Indo-Asian News Service | Thursday April 25, 2019
In its previous, the NCLAT bench said that IL&FS should distribute funds to small creditors, in a manner that 80% of their entitled amounts are paid
GAIL Highest Bidder For IL&FS Wind Assets With Rs 4,800 Crore Offer
Business | Thomson Reuters | Monday April 22, 2019
GAIL's offer contemplates no hair-cut to the debt of the plants, which is around Rs 3,700 crore, IL&FS said.
IL&FS Should Pay 80% Dues Of Small Creditors: Tribunal
Business | Indo-Asian News Service | Tuesday April 16, 2019
Thousands of crores of money of more than 15 lakh employees of both public and private sector companies have exposure to IL&FS bonds.
CS Rajan Named Managing Director Of IL&FS
Business | Indo-Asian News Service | Wednesday April 3, 2019
In a presentation, the company said that it expects to complete monetisation of its assets by May
IL&FS Stares At 90% Gross Bad Loans For Main Lending Arm: Uday Kotak
Business | Thomson Reuters | Wednesday April 3, 2019
Earlier this week, SFIO had arrested Hari Sankaran, former chairman of IL&FS, in connection with an ongoing investigation into the lender.
Hari Sankaran, Ex-Boss Of Lending Firm IL&FS, Arrested For Fraud: Sources
India News | Reported by Saurabh Gupta, Edited by Debanish Achom | Monday April 1, 2019
Hari Sankaran, former chairman and managing director of crisis-hit lender IL&FS, has been arrested for alleged abuse of power in the company, sources said. "The Serious Fraud Investigation Office today arrested Hari Sankaran in connection with the ongoing investigations in to the affairs of IL&FS and its group entities," said an officer who asked n...
One-Third Of IL&FS Arm's Lending Unsecured: Report
Business | Thomson Reuters | Monday March 4, 2019
The Grant Thornton report said auditors noticed 10 regulatory or risk assessment issues by IL&FS in lending Rs 13,290 crore.
Deloitte Misreading Law In Challenging 5-Year Ban, Centre Tells Court
Business | Thomson Reuters | Sunday July 14, 2019
The government has said it detected several violations of auditing standards by Deloitte while investigating fraud at IFIN, a unit of IL&FS
Mutual Funds Outflow At 1.60 Lakh Crore In June: Industry Body
Business | Press Trust of India | Monday July 8, 2019
In recent months, the mutual fund industry has been grappling with redemption pressure in the wake of debt crises at various groups, including IL&FS, Essel and DHFL
Opinion: India's Exotic Funds Are a $40 Billion Time-Bomb For Investors
Business | Andy Mukherjee, Bloomberg Opinion | Wednesday June 19, 2019
Exotic funds, designed for wealthy investors, have grown to $40 billion from nothing in just seven years, expanding by 71% in the 12 months through March
Government Seeks Ban On Deloitte, KPMG Arm For Alleged Auditing Lapses
Business | Thomson Reuters | Tuesday June 11, 2019
The government is seeking to ban Deloitte Haskins Sells and KPMG affiliate BSR & Associates for five years
IL&FS Crisis: Supreme Court Allows Reopening Of Books Of Accounts
Business | Tuesday June 4, 2019
The move by the top court comes as a setback for Hari Sankaran, who had challenged an order by the NCLAT to reopen the past books of IL&FS
RBI Proposes To Introduce Liquidity Coverage Ratio For Shadow Banks
Business | Thomson Reuters | Friday May 24, 2019
The LCR is proposed for all deposit taking NBFCs, and non-deposit taking NBFCs with an asset size of Rs 5,000 crore ($720 million) and above
Ex-Directors Of Crisis-Hit Lending Firm IL&FS Raided By Probe Agency
India News | Reported by Arvind Gunasekar, Edited by Shylaja Varma | Wednesday May 22, 2019
The Enforcement Directrate is carrying out searches at the homes and offices of four former directors of crisis-hit lending firm IL&FS in Mumbai in connection with an alleged money-laundering probe.
Government May Ban Deloitte For 5 Years In IL&FS Case: Report
Business | Indo-Asian News Service | Tuesday April 30, 2019
This extreme action is being warranted after Deloitte's alleged misdemeanours and conduct in the IL&FS case.
IL&FS Operational Creditors Seek Renewal Of Bank Guarantees
Business | Indo-Asian News Service | Thursday April 25, 2019
In its previous, the NCLAT bench said that IL&FS should distribute funds to small creditors, in a manner that 80% of their entitled amounts are paid
GAIL Highest Bidder For IL&FS Wind Assets With Rs 4,800 Crore Offer
Business | Thomson Reuters | Monday April 22, 2019
GAIL's offer contemplates no hair-cut to the debt of the plants, which is around Rs 3,700 crore, IL&FS said.
IL&FS Should Pay 80% Dues Of Small Creditors: Tribunal
Business | Indo-Asian News Service | Tuesday April 16, 2019
Thousands of crores of money of more than 15 lakh employees of both public and private sector companies have exposure to IL&FS bonds.
CS Rajan Named Managing Director Of IL&FS
Business | Indo-Asian News Service | Wednesday April 3, 2019
In a presentation, the company said that it expects to complete monetisation of its assets by May
IL&FS Stares At 90% Gross Bad Loans For Main Lending Arm: Uday Kotak
Business | Thomson Reuters | Wednesday April 3, 2019
Earlier this week, SFIO had arrested Hari Sankaran, former chairman of IL&FS, in connection with an ongoing investigation into the lender.
Hari Sankaran, Ex-Boss Of Lending Firm IL&FS, Arrested For Fraud: Sources
India News | Reported by Saurabh Gupta, Edited by Debanish Achom | Monday April 1, 2019
Hari Sankaran, former chairman and managing director of crisis-hit lender IL&FS, has been arrested for alleged abuse of power in the company, sources said. "The Serious Fraud Investigation Office today arrested Hari Sankaran in connection with the ongoing investigations in to the affairs of IL&FS and its group entities," said an officer who asked n...
One-Third Of IL&FS Arm's Lending Unsecured: Report
Business | Thomson Reuters | Monday March 4, 2019
The Grant Thornton report said auditors noticed 10 regulatory or risk assessment issues by IL&FS in lending Rs 13,290 crore.
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