Gulf Times - IL-FS
Employees of India's IL&FS held hostage by Ethiopian staff fear for safety

Employees of India's IL&FS held hostage by Ethiopian staff fear for safety

India has asked Ethiopia to investigate a report that employees of an Indian company, Infrastructure Leasing and Financial Services (IL&FS), have been taken hostage by staff in Ethiopia, a government source said on Saturday.

India took control of IL&FS to avert "catastrophic" damage - gov't

India took control of IL&FS to avert "catastrophic" damage - gov't

The Indian government said it was forced to take control of ailing shadow banking firm Infrastructure Leasing & Financial Services (IL&FS) as it feared its collapse would cause "catastrophic" damage to the financial markets and the economy, a court filing shows.

India takes control of infrastructure group IL&FS to stem contagion

India takes control of infrastructure group IL&FS to stem contagion

India on Monday took control of Infrastructure Leasing and Financial Services (IL&FS), in a rare move that it said was needed to protect the country's financial system and markets from potential collapse.

Rivals warn of Macron parliamentary landslide

Rivals warn of Macron parliamentary landslide

French President Emmanuel Macron’s rivals have warned against handing him an overwhelming majority that would stifle debate after his party cruised to victory in the opening round of elections to the National Assembly.