IL&FS Board Creates A New Roadmap To Address Lenders Concerns
The IL&FS board has briefed the National Company Law Appellate Tribunal (NCLAT) that the board has created a new roadmap to address nonpayment of dues...
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IL&FS Board Invites Bidders To Purchase Stake In Assets
Infrastructure Leasing & Financial Services Ltd. has invited buyers to purchase a stake in two of its subsidiaries in order to bring back the debt-laden...
Union Bank of India Net Profit For Q2 FY19 Stands At Rs. 139 Crores
Union Bank of India has posted a net profit of Rs 139.03 crores for the September-end quarter, on lower provisioning for bad loans. State-owned bank...
IL&FS Board Appoints 3 Advisors To Establish Resolution Structure
The Infrastructure Leasing and Financial Services Ltd newly constituted board have appointed three advisors to formulate and execute a resolution plan for the debt-ridden company....
The Ministry Of Corporate Affairs Celebrates Over NCLAT Stay Order
The ministry of corporate affairs is rejoicing after the NCLAT stayed all the proceedings against debt-laden IL&FS and its 348 subsidiaries and said that the...
NCLAT Stays All Proceedings Against IL&FS And Its 348 Subsidiaries
The National Company Law Appellate Tribunal (NCLAT) stayed all proceedings against IL&FS and other group companies till its further notice. Ministry of Corporate Affairs filed...
ICICI Bank CEO and MD Chanda Kochhar Quits
CEO and MD of ICICI Bank, Chanda Kochhar has quit the bank after hailing it for nine years, with immediate effect. Sandeep Bakhshi, currently the...
Canara Bank Announces Proposal To Raise Rs. 6500 Crores
State-owned Canara Bank has announced its proposal to raise Rs. 6,000 crore by issuing shares on private placement basis. Canara Bank said in a filing...
PFC Receives Shareholders Approval To Raise Rs. 65000 Crores
State-owned Power Finance Corporation (PFC) announced that it has received its shareholders’ approval for raising up to Rs. 65,000 crores through the issuance of debentures...
Tata Steel To Acquire Usha Martin Limited
Tata Steel has announced the acquisition of the steel business of Usha Martin Ltd. for Rs. 4,300 to 4,700 crores. Usha Martin said in a...