Page 20 - Dhfl

Top 10 business headlines: Modi's economic plan, stimulus package & more

From SoftBank eyeing stake in Airtel's telecom biz and other assets to Anil Agarwal's expression of interest to revive Jet Airways, here are the top 10 business headlines for Monday

Cash-strapped DHFL seeks Rs 15,000-crore immediate funding from banks

Home financier DHFL owes an estimated Rs 90,000 crore to banks, National Housing Bank and other creditors

May not be able to repay due in the near future: DHFL to stock exchanges

Banks have an exposure of Rs 40,600 crore to DHFL as on March 31

Mutual funds can be part of inter-creditor agreement, clarifies RBI

Reserve Bank of India underlines importance of looking at liabilities of stressed assets comprehensively

DHFL resolution plan: Lenders to take zero haircut on principal amount

Firm seeks moratorium on repayments

Deloitte Haskins & Sells quits as auditor of cash-strapped DHFL

However, the other joint auditor, Mumbai-based Chaturvedi & Shah, continues to service the company

Bankers worry DSP's legal action will delay rescue of DHFL: Reports

DHFL ran into trouble late last year as cracks in the shadow banking system in the country began to emerge after the near collapse of another financial firm, IL&FS

Side-pocketing DHFL exposure: Sebi may allow mutual funds to join ICA

Regulator may grant one-time relaxation to fund houses

DSP Mutual Fund initiates legal action against DHFL to recover dues

Litigation may delay housing financier's resolution plan

DHFL submits debt restructuring plan to core committee of creditors

The restructuring plan submitted by DHFL includes the founder's family reducing its stake and restructuring of loans, said one of the sources aware of details of the plan

Cash-strapped DHFL seeks bankers' approval to restart loan disbursals

Plans to resume lending business from monthly EMI collections

Bajaj Finserv reports flat net profit growth in Q1; total income rises 40%

Total Income grew by 40 per cent year-on-year, though profitability of life and general insurances business dragged the overall show

DHFL deal with pvt equity fund AION Capital faces hurdles over valuation

Promoters of the company, the Wadhawans, are ready to dilute their stake, which is currently at 39.2%, so that strategic investors get joint or majority control

Raised concerns over financial numbers, loan irregularities: DHFL auditors

Flagging concerns over financial numbers of housing finance company DHFL, auditors of the debt-ridden firm said there were irregularities in granting of certain loans as well. The auditors had raised several red flags around the audited numbers of the fourth quarter ended March 2019. While stating that they were unable to obtain sufficient appropriate audit evidence to provide a basis for an audit opinion, the auditors put out several qualifications and disclaimers. "We were not able to obtain sufficient appropriate audit evidence to provide a basis for an audit opinion on the statement," said DHFL's auditors Deloitte Haskin & Sells and Chaturvedi & Shah said. The auditors had made the remarks in their independent report which is part of the filing submitted to the exchanges on Monday. Both auditors pointed that there were significant deficiencies in the grant and rollover of unsecured borrowings at DHFL and that there had also been other irregularities in the granting of ...

DHFL gains 20% on heavy volumes, rebounds 25% from day's low on NSE

DHFL said the company is in the process of submitting a resolution plan to the lenders and the lenders are expected to give an in-principle approval to the plan by end of July 2019.

DHFL crisis: Insurers seek Irdai nod to be part of inter-creditor agreement

Sources say that insurance companies have already held preliminary talks with Irdai on the matter

Best of BS Opinion: India's moon mission, social outlook are an irony

From DHFL crisis to gender bias in India, Business Standard brings to you opinions and views of experts across the globe

AION Capital may not pick up equity stake in cash-strapped DHFL

Says it's in talks for only retail loan portfolio

Lenders to cash-strapped DHFL ready for haircut in rescue plan: Report

Analysts say the firm may struggle to find buyers for the businesses it wants to sell or attract other investors to raise up to Rs 7,000 crore

Dealing with DHFL

Asset destruction should be minimised