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Government pays back some IL&FS lenders, may have to shell out Rs 250 crore more

IL&FS group companies have an outstanding debt of over Rs 91,000 crore.

Indian Accounting Standards may pose challenge for new IL&FS management

IL&FS’ audit panel closely monitoring preparation of financial statements of 3 group cos- IL&FS, IL&FS Financial Services (IFIN) and IL&FS Transportation Network (ITNL).

Piramal Capital looks to raise $400 million via offshore loan

Under the current circumstances, any Indian company with a fair share of builder loans has to walk the extra mile to raise overseas credit.

JM Financial to buy significant minority stake in Coimbatore’s Isthara Parks

JM Financial is raising 1,000 crore for its second private equity fund, a sector-agnostic investment vehicle.

Evaluating selling entire 20% stake in Shriram Capital: Piramal Enterprises

In 2013, the company had initially picked up 9.9 per cent stake Shriram Capital for Rs 1,636 crore and later in the next year increased it to effectively 20 per cent with an outlay of Rs 2,014 crore.

6 PE funds make the cut for 26% in SBI General

The stake sale by Insurance Australia Group (IAG) will value SBI General Insurance at Rs 12,000 crore.

BSR & Associates resigns as statutory auditor of IL&FS Investment Managers

The announcement has come a day after BSR & Associates, a KPMG group associate, resigned as statutory auditor of IL&FS Financial Services (IFIN).

IL&FS Securities Services faces Rs 380 crore hit on allied dodgy deal

Late 2018, Allied took a significant position in the options market and had put Rs 380 crore of collateral security in the form of mutual funds with the custodian that cleared these trades.

IFIN group lending: BSR says it had sought clarity from RBI

BSR said the investigators had made false allegations against the auditors without understanding accounting principles and regulations.

BSR & Associates resigns as auditor of IL&FS Financial Services

Sebi has been conducting an in-depth investigation into the role of several entities and individuals, including for suspected violation of disclosure and corporate governance norms.

Dutch bank FMO provides refinancing line to Srei Equipment Finance

Dutch bank FMO provides refinancing line to Srei Equipment Finance

he Kolkata-based firm finances or leases out equipment used for solar and wind power projects.

Digital payments zoom past FY19 target driven by private lenders

Digital payments zoom past FY19 target driven by private lenders

Online transactions rise to 31.34 billion compared to 20.7 billion in FY18; Yes Bank, IndusInd, ICICI Bank lead the charge.

Foreign PE funds pump in $200 million into logistics in Bengaluru, Chennai, Pune

Foreign PE funds pump in $200 million into logistics in Bengaluru, Chennai, Pune

The logistics sector had a massive jump-start in the first quarter of 2019 when private equity players like Morgan Stanley, Warburg Pincus and LOGOS India pumped in nearly $200 million into cities like Bengaluru, Chennai and Pune.

Haircuts for operational creditors in line with that for financial creditors

Haircuts for operational creditors in line with that for financial creditors

One of the biggest successes for IBC has been the power given to operational creditors, Icra said.

ED likely to probe IL&FS Financial Services dealings after SFIO charge sheet

ED likely to probe IL&FS Financial Services dealings after SFIO charge sheet

New probe likely to target six erstwhile co directors; agency questions Deloitte India CEO again.

Reliance Capital to probe PwC’s allegations of fraud

Reliance Capital to probe PwC’s allegations of fraud

Law firm Crawford Bayley & Co likely to be appointed for ‘end use review’ of funds transferred between two group entities.

FINANCE STOCKS
NSE
BSE

Company NameLatestChange%ChangeVolume
Nifty Financial Services13548.7129.050.960
HDFC2168.2-4.6-0.211844688
Bajaj Finance3626.446.551.3906202
Bajaj Finserv8413.767.550.81104967
HDFC LIFE INSURANCE440.22.70.621980214
UTI Master Plus 91 Unit Scheme0000
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