Page 3 - Il Fs News Today

Nand Kishore, who was serving as an executive director, has been made the Managing Director, according to the company

India’s housing market saw a strong rebound from the depths of the coronavirus pandemic as low interest rates and discounts by developers fueled demand

Cooked books, fudged accounts and other scams make a case for institutional reforms, but tighter state control of key institutes is unlikely to help. Open their membership up instead

Another scam at PNB, as the bank declares over Rs 2,000 cr fraud in IL&FS Tamil Nadu Power account - The bank has already made provisions amounting to Rs 824.06 crore, as per prescribed prudential norms.

The Punjab National Bank (PNB) has reported a borrowal fraud of Rs 2060.14 crore in the NPA account of IL&FS Tamil Nadu Power at the Extra Large Corporate Branch in Delhi zonal office.

The NSE crisis is yet another example of an attempt to fix problems that turned into a problem itself

The IL&FS board, led by Uday Kotak, says ₹55,000 crore debt to be resolved through asset monetisation, restructuring and insolvency proceeding initiatives

The IL&FS Group has completed sale of its 26 per cent stake in ONGC Tripura Power Company (OTPC) to Gas Authority of India Limited (GAIL) at an aggregate valuation of Rs 1,227 crore.

ONGC And IL&FS had teamed up with the Government of Tripura to establish the special purpose vehicle, OTPC for optimum utilisation of gas in Tripura.

PTC India has announced that its board has approved the acquisition of the energy consulting business of...