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Court Grants Police 3-Day Custody Of Former IL&FS Chairman
A special Court has granted police three-day custody of Ravi Parthasarathy, former chairman of the bankrupt Infrastructure Leasing and Financial Services (IL&FS), who was arrested by the Economic Offences Wing.
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Raj Thackeray To Appear Before Probe Agency; Party Withdraws Thane Bandh
MNS chief Raj Thackeray will appear before the Enforcement Directorate or ED in connection with a money laundering probe and has appealed to the party workers not to protest over the issue, a party spokesperson said on Tuesday.
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"IL&FS Crisis Has Put Lakhs Into Peril": Mamata Banerjee Writes To PM
West Bengal Chief Minister Mamata Banerjee on Monday wrote to Prime Minister Narendra Modi urging him to initiate a high-level probe into financial impropriety and possible misappropriation of savings of common people due to the debt crisis in Infrastructure Leasing & Financial Services (IL&FS) Ltd.
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India Checking Report Of IL&FS Employees Being Held Hostage In Ethiopia
India has asked Ethiopian authorities to investigate a report that employees of an Indian company, Infrastructure Leasing and Financial Services (IL&FS), have been taken hostage by staff in Ethiopia, an Indian government source said on Saturday.
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7 Indian IL&FS Employees Held Hostage In Ethiopia By Unpaid Staff: Report
The foreign ministry is investigating claims by expatriates in Ethiopia who say they are being held hostage by local staff that haven't been paid after the shadow lender Infrastructure Leasing and Financial Services Ltd. began defaulting on $12.6 billion in debt.
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Blog: 10-Point Guide To The IL&FS Fiasco And How It Impacts Everyday People
The latest social media jibe on the rupee goes something like this: once it crosses 75 to the dollar, it will be become part of the Marg Darshak Mandal, the BJP's panel of retired statesmen. There are few cracks, however, at the IL&FS crisis, which threatens potential collapse for the markets and the country's financial network. Here's a 10-point g...
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What Is The IL&FS Crisis And How It Is Linked To Your Money: 10 Points
Infrastructure Leasing & Financial Services or IL&FS is in deep trouble. After the corporate affairs ministry moved the Mumbai bench of the National Company Law Tribunal, the NCLT has named six people to take over the board and management of the major infrastructure lender to defuse the crisis. The IL&FS group has a debt burden of over Rs 90,000 cr...
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Is This 'Lehman Brothers Moment' Of Centre: Congress On IL&FS Crisis
The Congress Saturday attacked the Centre over the alleged "financial bungling" in debt-laden Infrastructure Leasing & Financial Services (IL&FS) and wondered if this was the "Lehman Brothers moment" of the Modi government.
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Nepal Cancels $1 Billion Expressway Project With Indian Firm
Nepal has abruptly cancelled all agreements with Indian construction firm ILFS to build a USD one billion expressway project, connecting the Nepalese capital with the southern Terai region near the Indian border.
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Court Grants Police 3-Day Custody Of Former IL&FS Chairman
A special Court has granted police three-day custody of Ravi Parthasarathy, former chairman of the bankrupt Infrastructure Leasing and Financial Services (IL&FS), who was arrested by the Economic Offences Wing.
-
Raj Thackeray To Appear Before Probe Agency; Party Withdraws Thane Bandh
MNS chief Raj Thackeray will appear before the Enforcement Directorate or ED in connection with a money laundering probe and has appealed to the party workers not to protest over the issue, a party spokesperson said on Tuesday.
-
"IL&FS Crisis Has Put Lakhs Into Peril": Mamata Banerjee Writes To PM
West Bengal Chief Minister Mamata Banerjee on Monday wrote to Prime Minister Narendra Modi urging him to initiate a high-level probe into financial impropriety and possible misappropriation of savings of common people due to the debt crisis in Infrastructure Leasing & Financial Services (IL&FS) Ltd.
-
India Checking Report Of IL&FS Employees Being Held Hostage In Ethiopia
India has asked Ethiopian authorities to investigate a report that employees of an Indian company, Infrastructure Leasing and Financial Services (IL&FS), have been taken hostage by staff in Ethiopia, an Indian government source said on Saturday.
-
7 Indian IL&FS Employees Held Hostage In Ethiopia By Unpaid Staff: Report
The foreign ministry is investigating claims by expatriates in Ethiopia who say they are being held hostage by local staff that haven't been paid after the shadow lender Infrastructure Leasing and Financial Services Ltd. began defaulting on $12.6 billion in debt.
-
Blog: 10-Point Guide To The IL&FS Fiasco And How It Impacts Everyday People
The latest social media jibe on the rupee goes something like this: once it crosses 75 to the dollar, it will be become part of the Marg Darshak Mandal, the BJP's panel of retired statesmen. There are few cracks, however, at the IL&FS crisis, which threatens potential collapse for the markets and the country's financial network. Here's a 10-point g...
-
What Is The IL&FS Crisis And How It Is Linked To Your Money: 10 Points
Infrastructure Leasing & Financial Services or IL&FS is in deep trouble. After the corporate affairs ministry moved the Mumbai bench of the National Company Law Tribunal, the NCLT has named six people to take over the board and management of the major infrastructure lender to defuse the crisis. The IL&FS group has a debt burden of over Rs 90,000 cr...
-
Is This 'Lehman Brothers Moment' Of Centre: Congress On IL&FS Crisis
The Congress Saturday attacked the Centre over the alleged "financial bungling" in debt-laden Infrastructure Leasing & Financial Services (IL&FS) and wondered if this was the "Lehman Brothers moment" of the Modi government.
-
Nepal Cancels $1 Billion Expressway Project With Indian Firm
Nepal has abruptly cancelled all agreements with Indian construction firm ILFS to build a USD one billion expressway project, connecting the Nepalese capital with the southern Terai region near the Indian border.
