Edition:
United Kingdom

Abhirup Roy

Shadow lender DHFL's resolution plan hits roadblock

17 Sep 2019

MUMBAI A plan to rescue India's debt-laden Dewan Housing Finance Corporation Ltd (DHFL) has hit a major roadblock as only a small segment of bondholders has agreed to be on board the proposed resolution, according to a custodian of DHFL bonds.

Indian shadow lender DHFL's resolution plan hits roadblock

17 Sep 2019

MUMBAI, Sept 17 A plan to rescue India's debt-laden Dewan Housing Finance Corporation Ltd (DHFL) has hit a major roadblock as only a small segment of bondholders has agreed to be on board the proposed resolution, according to a custodian of DHFL bonds.

India loses contact with spacecraft on mission to the moon

07 Sep 2019

BENGALURU/MUMBAI India lost contact with a spacecraft it was trying to land on the moon on Saturday, its space agency said, in a setback for the nation's ambitious plans to become the first country to probe the unexplored lunar south pole. | Video

India Inc grows impatient as economy dips and Modi is distracted

23 Aug 2019

MUMBAI When Prime Minister Narendra Modi was re-elected in May with a sweeping majority, Indian stock markets jumped to all-time highs as investors anticipated big bang pro-business reforms to revive a flagging economy.

India Inc grows impatient as economy dips and Modi is distracted

23 Aug 2019

MUMBAI, Aug 23 When Prime Minister Narendra Modi was re-elected in May with a sweeping majority, Indian stock markets jumped to all-time highs as investors anticipated big bang pro-business reforms to revive a flagging economy.

IL&FS may not have disclosed bad loans for years: RBI report

14 Aug 2019

MUMBAI Indian shadow bank Infrastructure Leasing & Financial Services (IL&FS), which collapsed late last year, may not have disclosed bad loans on its books for years despite a big part of its loan book having soured, a report from the Reserve Bank of India (RBI) said.

IL&FS may not have disclosed bad loans for years- central bank report

14 Aug 2019

* Gaps in IL&FS's reported, assessed financial position -report

Indian tribunal rejects Deloitte, KPMG arm's no-jurisdiction plea

09 Aug 2019

MUMBAI An Indian tribunal on Friday rejected an appeal by the auditors of debt-laden Infrastructure Leasing & Financial Services (IL&FS), challenging the court's jurisdiction to ban them for alleged abetment of financial fraud.

Indian tribunal rejects Deloitte, KPMG arm's no-jurisdiction plea

09 Aug 2019

* India asked for 5-yr ban on Deloitte, KPMG arm in fraud case

India's central bank makes unconventional rate cut in bid to spur growth

07 Aug 2019

MUMBAI The Reserve Bank of India (RBI) lowered its benchmark interest rates for a fourth straight meeting on Wednesday with a slightly bigger than expected cut, underscoring its worries about India's near-five year low economic growth pace.

World News