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Choksi pledged 'lab diamonds' with inflated valuation to get Rs 25 crore loan from IFCI: CBI

 The CBI has filed a fresh case against absconding diamantaire Mehul Choksi, wanted along with his nephew Nirav Modi in a loan fraud case of Rs 13,500 crore, for allegedly inflating the value of......

IFCI sells Unitech's pledged shares

 IFCI, a state-run financial institution, today sold Rs 51.7 crore worth shares of Unitech, the nation's second-biggest property developer, as the promoters of the company failed to repay loans......

Mitra quits IFCI board

IFCI Ltd director Amit Mitra resigned.BSE Code:...

LIC may hold key to IFCI sale

 As bidders line up to buy 26 per cent equity in Industrial Finance Corporation of India (IFCI), they will have to keep an eye on the next move of Life Insurance Corporation of India, the domestic......

IFCI to merge with IDBI

 The government has firmed up plans to merge financial institution IFCI Ltd with IDBI, which was recently converted into a bank. The exercise, together with IDBI's takeover of another financial......

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