Page 14 - Dhfl

DHFL posts net loss of Rs 6,640 crore; interest income declines 34%

DHFL is the first financial services firm undergoing bankruptcy proceedings after the Centre notified the law on Nov 15

Top 10 biz headlines: India Inc gets legal relief, OYO's coffee plan & more

From criminal offences in the Companies Act being slated to be slashed to banks possibly taking a majority stake in DHFL, here are the top business headlines for Monday

Administrator of DHFL meets lenders today to take stock of their claims

The DHFL spokesperson, however, clarified that one bank's move may not have a bearing on other banks

UP Police arrest two officials of brokerage firm SMC in Rs 4,122-cr PF scam

Enforcement Directorate is probing the money-laundering angle in the scam

Top Headlines: India's economic growth to 'weaken', SC Maha verdict Tuesday

From DBS Bank on India's economic growth to Sena-NCP-Congress staking claim in Maharashtra, Business Standard brings you the top headlines of the day

Claims worth Rs 4,800 cr admitted from fixed deposit holders of DHFL

Following an NCLT order dated December 3, Subramaniakumar, through a public notice, had asked all the creditors including fixed depositors to submit their claims by December 17

Year in Review: Jet collapse to NBFC mess, biggest business news of 2019

With 2019 drawing to a close, Business Standard looks at the biggest news developments from the world of business that shaped the year

Year in Review: Top 10 corporate events and crises India Inc faced in 2019

From DHFL, PMC and Karvy crises to the suicide of CCD promoter V G Siddhartha and arrest of the Singh brothers, these corporate events and scandals made strong headlines in 2019

Creditors of cash-strapped DHFL claim dues worth Rs 87,905.6 crore

Of the total, the financial creditors - banks, bond holders and other financial institutions - have claimed Rs 86,892 crore

Top events today: Maharashtra cabinet expansion, DHFL creditors meet & more

The RBI will conduct one more simultaneous bond purchase and sale in the secondary markets, which has come to be known as India's version of operation twist

DHFL administrator calls creditors' meet on Monday to discuss resolution

The meeting on Monday will be attended by all creditors of the company including banks, bondholders, insurance and mutual fund companies

DHFL scam: ED probing money laundering of Rs 4,122 crore EPF corpus

While Rs 4,122 cr was parked with DHFL between March 2017 and Dec 2018, some Rs 2,267 crore is outstanding with the firm, which has been barred by Bombay HC from making fresh repayments

Does IBC work for financial firms?

The economy might be better off with a dedicated legal regime for the resolution of financial service providers and financial market infrastructure

DHFL hits 5% upper circuit amid reports Co may resume lending in few weeks

The report added that the consortium of lenders, led by the State Bank of India, granted the permission to resume lending in October.

IBC implementation to have positive impact on debt market: Sebi chief Tyagi

Amid instances of crises at various entities in the financial sector, Sebi chief Ajay Tyagi on Monday said such things affect trust of investors but that do not mean everything is wrong, and the regulator is taking steps quite quickly. "Whatever improvement is required, we are doing it quite quickly... whatever is in Sebi's domain," Tyagi said and referred to action taken in the case of crisis at Karvy Stock Broking Ltd. When asked whether instances such as crisis at DHFL, IL&FS and KSBL have impacted investors' trust, Tyagi said, "definitely such things affect the trust (of investors) but that does not mean everything is bad or everything is wrong". According to him, whatever was in Sebi's domain, the regulator has done things quite promptly. "Karvy was in our domain. We did very promptly. We are trying to improve on rating agencies side... and on bond market development," he said. On November 22, Sebi barred KSBL from taking new clients in respect of its stock broking activities

Owners of bogus brokerage involved in Rs 4,122 cr DHFL case held in UP

With these two arrests, the number of accuses so far been arrested by the EOW has risen to 14, including three serving or suspended UPPCL officials

UP cooperative bank employees' PF trust invested Rs 21 cr in scam hit DHFL

Adityanath government to take legal action, including filing for claims with liquidator

Money laundering probe: ED files first charge sheet against Iqbal Mirchi

The charge sheet names 16 people including Dheeraj Wadhawan of DHFL

UP cops arrest owners of bogus brokerage involved in Rs 4,122 cr DHFL scam

Total arrests by EOW in the case have risen to 12

DHFL insolvency proceedings: Irdai rules out troubles for two insurers

The two insurance subsidiaries of the crippled mortgage lender Dewan Housing Finance (DHFL) are unlikely to be impacted by the ongoing bankruptcy proceedings of their parent as they continue to have adequate solvency ratios, Irdai chairman SC Khuntia said on Friday. He also asked insurance companies to write off their exposure to the bankrupt DHFL as they did in case of IL&FS. DHFL, admitted for bankruptcy proceedings on December 3, has two insurance joint ventures -- DHFL Pramerica Life Insurance and DHFL General Insurance. DHFL Pramerica Life, launched in 2008, is a joint venture between DHFL Investments, a wholly-owned arm of DHFL, and Prudential International Insurance Holdings of the US, has Rs 4,675 crore assets under management and employs 3,100. DHFL General Insurance, on the other hand, is a fully-owned subsidiary of Wadhawan Global Capital, the holding company of the HDFL Group, and manages USD 18.6 billion assets through its lending, investment and ...