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ILFS auditors under scanner. Accused of wrong doings by MCA

ILFS auditors under scanner. Accused of wrong doings by MCA

IL&FS seems to have a never-ending saga. After witnessing the liquidity crunch and the NBFC crisis, now the preceding two auditors are being debarred. Ministry of Corporate Affairs (MCA) filed...
Mutual funds shed their exposure in NBFC sector by ₹67000 crores

Mutual funds shed their exposure in NBFC sector by ₹67000 crores

As soon as the liquidity crisis was unfolded in the Non-banking Financial Service (NBFC) sector, numerous mutual funds, Provident funds, banks, etc resorted towards safeguarding their portfolios. Lenders initiated to...
SFPL gives up NBFC dreams. Renounces the licence

SFPL gives up NBFC dreams. Renounces the licence

Mr Dilip Shanghvi's investment company Shanghvi Finance Pvt Ltd (SFPL) has surrendered their NBFC license. The investment company is a unit of Dilip Shanghvi Group. The group is also responsible...
Former ILFS directors under scanner for money laundering

Former IL&FS directors under scanner for money laundering

The Enforcement Directorate(ED), in February, 2019 made a foray at multiple locations in Mumbai, Delhi and Gurugram regarding the financial irregularities of Infrastructure Leasing & Financial Services(IL&FS). IL&FS CFO Maharudra...
Markets take investors on a roller coaster ride in 2018.

Markets take investors on a roller coaster ride in 2018

2018 has been a roller coaster ride for the investors. Let's see what lies ahead for the investors in 2019. “Know what you own, and why you own it”- Peter...