News digest: IL&FS crisis, Ayushman Bharat, scooters lose speed, and more

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 keen on majority IL&FS stake
 
Orix Corporation of Japan, which owns 23.54 per cent in crisis-hit Infrastructure Leasing & Financial Services (IL&FS), is keen to acquire a majority stake in the infrastructure development and finance company. It wants to infuse fresh capital into the company from overseas so that it can meet its financial obligations. Read more
 
Now, Rs 500,000 health cover for 500 million
 
Prime Minister (PM) Narendra Modi on Sunday launched the Pradhan Mantri Jan Arogya Yojana in Ranchi. The scheme aims at providing tertiary health care of up to