ET Prime’s research found nearly four dozen former and serving IAS officers on IL&FS group companies in the recent past. The question some are asking is, how did a company that housed some of the country’s finest administrative talent end up in such a shambles?
ET Prime’s research found nearly four dozen former and serving IAS officers on IL&FS group companies in the recent past. The question some are asking is, how did a company that housed some of the country’s finest administrative talent end up in such a shambles?
LIC insiders are upset and worried that the deals may negate all the stellar investments of the past, and even decrease the behemoth’s solvency margin.
First, the rating agencies missed the tell-tale signs in the balance sheets. Then the fund managers failed to do their due diligence and took the flawed ratings as the final word. To complete the mess, they concentrated their position on the debt of a single company.
In the absence of serious violations amounting to fraud or connivance, the RBI should have kept investor sentiment in mind while taking actions against Yes Bank and Bandhan Bank.
Bio-Med supplied 150,000 doses of a polio vaccine tainted with a deadly strain of virus that was eradicated in 2016 after decades of effort. The result: a silent contagion that could play out over the years. There has been no public advisory from the government, as if to say: Keep calm and carry on.
An institution preserves its majesty and inspires respect and confidence only when it respects its own limitations and the space carved out for others by the Constitution. Is the Supreme Court neglecting this?
The company’s deep troubles reveal how financial chicanery is easy to pull off, and for a long period of time. All that is needed is to get to a situation where a firm is too big to fail.
The USD2.5 billion m-cap firm is busy gobbling up Indian firms across sectors. But, its flamboyant CEO’s aspirations — and shrewd dealmaking chops — notwithstanding, this isn’t an easy ride.
The outcome is a relief for the beleaguered airline, which is battling outrage after a major mid-air scare on Thursday. But the regulator’s probe raises more questions than it answers.
If you are a victim of medical negligence and planning to fight for compensation, think again. For, our laws are silent on that.
