Bhubaneswar: At a time when people are being motivated to go for online registration of their land records following the ‘Digital India’ campaign, it is surprising to see government show undue favours to a private company leading to losses of revenue worth crores of rupees and irregularities. The state government selected Infrastructure Leasing & Financial […]
Bhubaneswar: Though the Centre has termed digitisation of land records as a ‘game changer’ with far-reaching benefits for the people, the involvement of a company for the e-registration work in Odisha by the Naveen Patnaik-led BJD government that is allegedly involved in scams across India has raised concerns among general public. Odisha government had signed […]
Chennai: Indian Bank, which has lent over Rs 1,800 crore to Infrastructure Leasing and Financial Services Ltd (IL&FS), on Friday said that most of its loans to the crisis-hit company were ‘good’. “The bank’s exposure to IL&FS is Rs 1,809 crore. Out of the 10 loan accounts, six are for special purpose vehicles (SPV of […]
Kathmandu: Indian investments in Nepal are set to get another boost with two Indian firms -- an Infrastructure Leasing and Financial Services (IL&FS)-led consortium and Oriental Structural Engineers -- getting in the fray to construct a major road project seen as one of the Himalayan country's national pride.
New Delhi: Natural gas processing and distribution major GAIL has terminated a contract given to IL&FS for laying pipeline in Bokaro-Durgapur section due to poor project progress. The company in a regulatory filing to the BSE on Wednesday said that the Bokaro-Durgapur section (124 km) is now re-tendered and awarded to three different contractors to […]
New Delhi: The Enforcement Directorate (ED) on Wednesday carried out searches at six places in multiple cities in connection with a case of money laundering it registered against the former Chairman and directors of the IL&FS, officials said. A senior ED official said the agency was carrying out searches in Maharashtra’s Mumbai, Delhi and Haryana’s […]
Mumbai: In its first arrest in its probe into fraud-hit Infrastructure Leasing and Financial Services (IL&FS), the Serious Fraud Investigation Office (SFIO) on Monday arrested the lender’s ex-Chairman Hari Sankaran, a official statement said on Monday. Sankaran was produced before a special court here which sent him to SFIO’s custody till Thursday. “Hari Sankaran has […]
New Delhi: Days after dismissal of his petition by the Supreme Court, the Serious Fraud Investigation Office (SFIO) on Friday arrested IL&FS CEO Ramesh Bawa in a case related to massive loan defaults. The former top executive has been held under Section 447 of the Companies Act that enables SFIO to arrest a person for […]
Mumbai: The National Stock Exchange (NSE) on Wednesday imposed fines and issued notices to 250 companies for not adhering to the Listing Obligations and Disclosure Requirements (LODR). Among the companies penalised, were the grounded Jet Airways, subsidiary companies of the crisi-riddenn IL&FS and Adani Ports and Special Economic Zone (APSEZ, InterGlobe Aviation Ltd, the parent company […]
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