Under the plan, the government has categorised IL&FS group companies into green, amber and red based on their respective financial positions.
The CAG has suggested canceling nationwide broadband spectrum allocated to Infotel Broadband Services, now a Reliance Industries company, for allegedly rigging the auction and violating rules.
Despite sanctioning the loans, bankers are worried whether to disburse the loan because of absence of an investment grade rating.
HPL management's control will go to the promoter who gets access to the 155 million shares block.
SBI to e-auction over 300 properties on March 14.
Cars, towing machines, forklifts, tractors, fire extinguishers, and iron ladders will be e-auctioned.
SBI has the highest exposure of Rs 1,600 crore to the beleaguered Kingfisher Airlines.
Michel may prove to be the missing link in the money trail in the alleged multi-crore scam being probed by the CBI.
Everything you need to know about the three properties belonging to Dawood Ibrahim, which were auctioned on Tuesday.
The liquidator said the properties are being sold under two distinct phases over a period of two days
Government's resolution on the contentious issue of spectrum usage fee seems to have found favour with telecom operators with none of them withdrawing their application from airways auction on the last day on Monday.
The bids have been invited by Sebi till October 27, while auction for the sale would take place on October 30
DoT and the company have not done anything that breached the guidelines mentioned in the notice inviting applications for the auction of the BWA spectrum in 2010, it stated in a reply to CAG's draft audit report.
Bharti Airtel, Vodafone, Reliance Jio Infocomm and five other telecom firms will battle it out at the spectrum auction tomorrow, from which the government expects to garner at least Rs 11,300 crore (Rs 113 billion).
While you can land a very good bargain in an auction at times, you might need to deal with illegal occupants and dues on the property
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