Tag: IL&FS
Is Sensex & Nifty Raising Red Flags for Second Down-Leg of Stock Market Crash?
NBFC Crisis: ₹20,000 Crore Secret Black Hole spotted in DHFL Books
Dewan Housing Finance (DHFL) diverted ₹20,000 crore to its promoters’ private entities, Moneylife reports, citing the findings of a forensic audit conducted by KPMG. Banks may push for a change in DHFL’s management if the new details are proven true, Livemint reports. The findings could also endanger the company’s proposed debt restructuring plan. In January, […]
World Bank Says India to Face Severe Economic Slowdown cuts; GDP Growth Forecast to 6%
The World Bank has slashed India’s GDP growth forecast for the current fiscal to 6% from 7.5%. India’s economic slowdown is “severe,” largely due to external and cyclical factors, including a decline in consumption, the Washington-based institution said. Moreover, the financial sector is becoming a “drag” on growth. Earlier, the RBI and rating agency Moody’s […]
