Page 8 - Latest Updates on IL&FS Crisis
IL&FS crisis: Rahul takes jibe at PM Modi, asks if he loves financial scams
Gandhi alleged that in 2007, Modi as Gujarat chief minister gave the Rs 700 billion 'Gift City' project to IL&FS in which nothing has happened till now
 "IL&FS crisis: Rahul takes jibe at PM Modi, asks if he loves financial scams")
IL&FS crisis: RBI brass meets LIC, Orix Corp over capital infusion plans
The company needs an immediate capital infusion of Rs 30 billion and is planning a Rs 45-billion rights issue
IL&FS jumps by record in dim sum bond mkt on hope of shareholders' support
IL&FS Transportation Networks' dim sum bond rose about 1 point to 49.1 on Friday
NBFC crisis could slow down projects, derail India's robust growth story
A fall in economic growth would be a blow to Prime Minister Narendra Modi and the ruling Bharatiya Janata Party, which is already under pressure from protests over rising fuel costs
 "NBFC crisis could slow down projects, derail India's robust growth story")
IL&FS crisis: Road not clear for Rs 70-billion arbitration dues with NHAI
Road construction is undertaken by IL&FS mainly through special purpose vehicles floated by its subsidiary ITNL
 "IL&FS crisis: Road not clear for Rs 70-billion arbitration dues with NHAI")
Crisis-hit IL&FS may get a lifeline with LIC, SBI likely to increase stakes
The two institutions could increase their stakes through rights issue
Will ensure IL&FS doesn't collapse, all options open: LIC chief V K Sharma
State-owned LIC is the largest shareholder with a fourth of the firm's equity, while Orix Corporation of Japan owns 23.5%
IL&FS crisis: HFCs with weak liquidity to face heat as MFs on high-alert
Rising redemption pressure complicates the situation for debt fund managers
IL&FS crisis: Was correction in NBFC stocks overdue, given rich valuations?
Second-tier NBFC stocks are trading at 24.4x their trailing earnings, which is nearly twice their 15-year average of 13.9x
 "IL&FS crisis: Was correction in NBFC stocks overdue, given rich valuations?")
Japan's Orix Corp keen to acquire a majority stake in crisis-hit IL&FS
IL&FS and its subsidiaries have defaulted on repayment to lenders in the current month and the group is facing severe liquidity crisis
 "Japan's Orix Corp keen to acquire a majority stake in crisis-hit IL&FS")
IL&FS crisis: No concern over liquidity due to NBFCs, says SBI chairman
We lend support to NBFCs within the regulatory policy framework and will continue to do so, says Rajnish Kumar
 "IL&FS crisis: No concern over liquidity due to NBFCs, says SBI chairman")
IL&FS incident is unfortunate, says RBI director S Gurumurthy
IL&FS assets are built for 30 years' return on 10-year finance, says Gurumurthy
 "IL&FS incident is unfortunate, says RBI director S Gurumurthy")
If market mood changes, NBFCs may find it hard to raise funds: Keki Mistry
The liquidity crunch has to be resolved, says Mistry
 "If market mood changes, NBFCs may find it hard to raise funds: Keki Mistry")
