BusinessDramatic IL&FS Move Reflects Government Worry Of Spread: Report
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Dramatic IL&FS Move Reflects Government Worry Of Spread: Report
Government pledges to ensure liquidity for IL&FS to prevent defaults
Superseding IL&FS board essential to restore market confidence, it says
Government took control of Satyam Computer Services in 2009
Uday Kotak has been named as the non-executive chairman of IL&FS
The Indian government, which seized control of debt-laden financier Infrastructure Leasing & Financial Services Ltd., has pledged to ensure the beleaguered lender has the money to prevent further defaults.