Business Tit-Bits : Is NHAI the government’s ILFS?
Despite the conflicting and contradictory statements about the state of affairs of NHAI emanating from the PMO, the concerned minister and its former top officials,...
Tag : ILFS
A year of ILFS
The mastermind of the ILFS scam is clearly Ravi Parthasarthy, its former CEO who fled India in June 2018, just before the scam was out...
Business Tit-Bits: A Bogus Image, A Giant Request
In September 2018, the giant ILFS fraud exploded, sending shock waves in India’s financial and capital markets. A year later, where does it stand, analyzes...
Business Tit-Bits: The Satyam that was not
While the takeover and change of management of Satyam was a quick and resounding success, it has not been so in the case of ILFS,...
The Satyam that was not
“With almost every bank and institutional lender having exposure to ILFS, its dangerous contagion effect would destabilise the entire banking and finance sector of India,...
Business Tit-Bits: Those who got away
The banks woes continue not just because no worthy corporates are borrowing afresh, but moreso because while the existing NPAs are not getting resolved, there...
Those who got away
“The banks’ woes continue not just because no worthy corporates are borrowing afresh, but moreso because there are new ones further emerging on the horizon”...
Window dressing India
“Window dressing is either a blatant lie or a half-truth, both of which are not permissible” The Indian economy has been a victim of...
Business Tit-Bits: Window dressing India
The Indian economy has been a victim of rampant window dressing by corporates, which was done by the promoters/management and all others supported it knowingly,...
ED questions Raj Thackeray in IL&FS scam for over 8 hours
Thane | Enforcement Directorate grilled Maharashtra Navnirman Sena (MNS) chief Raj Thackeray for over 8 hours on Thursday in the IL&FS scam. Raj Thackeray arrived...