ILFS case: Deloitte & BSR question MCA’s ban demand

Auditors Deloitte Haskins & Sells and KPMG’s affiliate BSR Associates, who are under fire for alleged lapses in connection with the IL&FS scam, questioned Ministry of Corporate Affairs’ (MCA) demand for a five-year ban on them. Continue Reading

Gail quotes Rs 4,800 cr for IL&FS wind power assets

Bankrupt Infrastructure Leasing & Financial Services (IL&FS)’s asset monetisation drive got a major boost with State-run energy major Gail India offering Rs 4,800 crore for the seven operating wind power plants up for sale. Continue Reading

Lack of real-time data reason behind shadow banking crisis: Garg

Blaming the lack of real-time data for the ongoing crisis in the shadow banking sector, Economic Affairs Secretary SC Garg called for sound regulations to help develop the sector in an orderly manner. Continue Reading