Multiple companies of Reliance Anil Dhirubhai Ambani group (ADAG) are suffering a huge ratings downgrade to default imminent status by multiple rating agencies. CARE Ratings has downgraded Rs12,700 crore worth of Reliance Commercial Finance’s debt to “CARE D”. “CARE D” rating indicates that...
The Justice RM Lodha (retd) Committee appointed in the PACL Ltd matter has decided to extend the last date for receiving claim applications till 31 July 2019.
In a release, market regulator Securities and Exchange Board of India (SEBI) said, "...in view of representations received,...
The Investor Education and Protection Fund (IEPF) Authority has "successfully forced" the Peerless General Finance and Investment Company to transfer deposits worth about Rs 1,514 crore to IEPF, a statutory body under the ministry of Corporate Affairs.
"In a major success, the IEPF...
The Union Cabinet on Tuesday approved the promulgation of the Banning of Unregulated Deposit Schemes Ordinance, 2019 to prevent chit fund scams and protect small investors.
"The proposed Ordinance will immediately tackle the menace of illicit deposit taking activities in the country...
A new threat looms large for the government in an election year. A spanking new but restive community of salaried employees is concerned about its money deposited with the Employees Provident Fund Organisation (EPFO).
At the cutting edge of the ever burgeoning IL&FS crisis, these...
