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ICRA Sends CEO On Leave Amid Regulatory Concerns; Shares Dip
Credit rating agency ICRA Ltd put its managing director and chief executive officer, Naresh Takkar, on compulsory leave over pending inquiry on anonymous allegations against him. In a regulatory filing on Monday, ICRA said, "Pending the completion of the examination of ...
Japan's Orix Is Looking To Buy Out IL&FS Wind Energy
In a statement on Sunday, debt-ridden IL&FS said, Japan-based Orix Corporation has expressed interest in buying out IL&FS Wind Energy. Orix already owns 49 percent stake in each of its seven operating wind power plants. It is now exercising its rights ...
Japan S Orix Is Looking To Buy Out Il Fs Wind Energy
Bajaj Electricals Scraps Its NCD Issue On Poor Response
Bajaj Electricals, the consumer electrical manufacturing company, in view of the poor response for its NCD issue has taken it away from shelves. As part of the offer, the company offered 1650 redeemable NCDs of Rs 10 lakh each on the ...
Former CEO Ramesh Bawa Arrested In IL&FS Case
On Friday, the former CEO and MD of IL&FS Financial Services, Ramesh Bawa, was arrested in Delhi according to an Economic Times report citing sources. This is the second arrest made by the Serious Fraud Investigation Office (SFIO), the investigation arm ...
Former Ceo Ramesh Bawa Arrested In Il Fs Case
Banks Cannot Declare IL&FS Accounts As NPA Without NCLAT Approval
Financial institutions will not be able to declare the accounts of the debt-ridden IL&FS group and its subsidiaries as non-performing assets (NPAs) without the permission of National Company Law Appellate Tribunal (NCLAT), the appellate tribunal said on Monday. "No IL&FS or ...
Govt Plans On Reopening IL&FS Books
On Friday, the ministry of corporate affairs approached the National Company Law Tribunal (NCLT) seeking to reopen the books of Infrastructure Leasing & Financial Services (IL&FS) group. The government is looking to open financial statements of two units in the group, ...
Govt Plans On Reopening Il Fs Books
Why Is The IL&FS Crisis Being Called A Mini-Lehman Situation?
When Infrastructure Leasing & Financial Services Limited (IL&FS) reported the defaults on its borrowings in September, it created a sense of panic and confusion among investors, dragging the Indian markets down. A lot has been said about the situation of the ...
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