Itnl

IL&FS gets NCLT approval for phase 1 InvIT

Roadstar Infra Investment Trust, will get six road projects under Phase I and the SPV for this will be transferred to the InvIT at an aggregate valuation of Rs 9,214 crore

IL&FS and ITNL mulls replacement of auditor SRBC

The NFRA had found serious lapses in the statutory audit of IL&FS ITNL for the 2017-18 fiscal, including that the company's losses were understated by at least Rs 2,021 crore.

EXCLUSIVE: IL&FS used every trick in the book to mislead regulators, round-trip loans: Forensic audit

The report highlights the then management’s admission of the near-bankruptcy situation of ITNL and instead of reporting the same to the regulators, it tried to use its contacts to influence the RBI to adopt a restructuring plan outside IBC and NCLT.

Setback for Deloitte, BSR Associates as NCLT reiterates jurisdiction to ban auditors

This order is huge set back to Delliotte and BSR Associates which is part of KPMG group. Deliotte spokesperson said ““We note the NCLT’s ruling, which is unfortunate. We will review the order and decide on a course of action shortly. DHS LLP remains committed to high standards of audit quality and ethical conduct in its professional practice. The firm has faith in the regulatory and judicial processes and will continue to cooperate fully with the authorities.”

ED court extends custody of IL&FS officials; to probe quid pro quo on loans sanctioned

The two officials were being investigated for alleged financial irregularities in loans given to two companies -- GHV Hotel and New India Infra.

NCLT allows govt to open IL&FS group companies' past financial statements

The National Company Law Tribunal allowed the government's plea for re-opening and re-casting of financial accounts of IL&FS and its group companies.

India's frauds investigator probes five IL&FS firms for fund diversion: Report

Indian government took control of the debt-laden IL&FS last week after defaults on a string of debt obligations triggered wider concerns about risks in the country's financial sector.

How asset-rich ITNL can help parent IL&FS with its financial troubles

Companies such as ITNL, which hold hard assets such as operational BOT road assets can raise money through monetisation.

Former IL&FS independent directors write to Uday Kotak, extend support in turn around efforts

Five former independent directors, including former Chairman S B Mathur, in a letter, have also mentioned about IL&FS being unable to raise additional equity despite several attempts and the "asset-liability" mismatch that continued to aggravate.

Angel Broking neutral on IL&FS Transportation Networks

Angel Broking has maintained a neutral rating on ILandFS Transportation Networks (ITNL), in its research report dated August 12, 2015.

ITNL up 2%, gets provisional CC for border check post

Shares of IL&FS Transportation Networks (ITNL) jumped over 2 percent intraday on Monday after its subsidiary company received provisional completion certificate to operate a border check post.

Construction: Prefer IRB Infra, NCC says Kotak Securities

Kotak Securities has come out with its construction sector review post Q3FY15. According to the research firm, IRB Infrastructure and NCC are the preferred picks from the space.

Buy ILandFS Trans, Dishman Pharma, Elder Pharma: Agarwal

According to Rajesh Agarwal of Eastern Financiers, one may buy ILandFS Transportation Networks (ITNL) with a target of Rs 112 and Dishman Pharmaceuticals with a target of Rs 50.

Expect infra cos to post 13% top-line growth in Q3: Angel

Angel Broking has come with its December quarterly earning estimates for Infrastructure sector. According to the research firm, companies in our infrastructure universe are expected to report a subdued top-line growth of 12.8% (YoY) on the back of slowdown in execution.

Bull's Eye: Buy ITC, ITNL, Adani Enterprises, Unitech

Bull's Eye, CNBC-TV18's popular game show, where market experts come together to dish out trading strategies for you to make your week more exciting and compete with each other to see whose portfolio is the strongest.

Infra Q1 revenue growth may remain subdued at 13.6%: Angel

Angel Broking has come with its June quarterly earning estimates for infrastructure estate sector. According to the research firm, average revenue growth is expected to remain subdued at 13.6% yoy on the back of slowdown in execution.

Expect EBITDA margins of 30% next year: ITNL

In an interview to CNBC-TV18, Mukund Sapre, executive director of ITNL says, next year, he expects earnings before interest, taxes, depreciation and amortisation (EBITDA) margins of 30%.

Expect infra sector revenue growth at 9.9% in Q4: Angel

Angel Broking has come with its quarterly earning estimates on Infrastructure sector for March 2012. According to the research firm, for 4QFY2012, the average revenue growth is expected for coverage universe at 9.9% on the back of slowdown in execution and high base in 4QFY2011 for few companies.

Don't see stiff competition until inflation cools: ITNL

A lot of bidding companies in the infrastructure sector are facing intense competition in the last one year. K Ramchand, MD of ITNL tells CNBC-TV18 that however the competition is reducing in the space because of adverse condition like interest rates.