Rouhan Sharma

Rouhan Sharma is an experienced corporate news reporter with a demonstrated history of working in the media production industry across television, print media and the web. He has covered a wide variety of industries and subjects and currently writes on infrastructure in India. Skilled in communications planning, news writing and storytelling, Rouhan hails from the tea estates of Assam and is an outdoors enthusiast.

IL&FS ex-officials can withdraw Rs 2 lakh per month: NCLT

The NCLT stated that its earlier order dated December 3 had been modified by the National Company Law Appellate Tribunal (NCLAT), allowing the officials to withdraw only Rs 2 lakh per month.

il&fs, industry News

HSBC freezes bank account of former IL&FS official’s wife

Roopa Kapoor, wife of Vibhav Kapoor, former director at IL&FS Investment Managers (IIML), has approached the Mumbai bench of the National Company Law Tribunal (NCLT).

nclt, hsbc, in&fs News

Debt trap: ICAI reports slams IL&FS statutory auditors

The NCLT has directed the MCA to begin the process of appointing different auditors for reopening the accounts of IL&FS.

Industry News

Now, IL&FS defaults on ECB as well

Both the repayments were due on January 1, IFIN informed the Bombay Stock Exchange (BSE) on Wednesday.

Industry News

2018 deal flow could have been better but for certain NCLT cases, says MD of Singhi Advisors

It has been a great year for mergers and acquisitions (M&As) in India in 2018 with the total transaction value crossing the $100-billion mark.

Industry News

After lacklustre response, NHAI to go for rebidding of second TOT bundle

According to sources, I Squared Capital-backed Cube Highways emerged the highest bidder, followed by the second highest bid coming from Adani Group at Rs 3,675 crore.

Industry News

NHAI to open financial bids for second TOT package December 24

The last date for submission of bids for the second bundle, comprising eight highways totalling 586.55 km, closed on Wednesday. NHAI has set the base price for the second TOT package at Rs 5,362 crore. The concession period i

Economy News

IRB, Adani, Cube bid for second TOT package

The second package of roads to be bid out under the toll-operate-transfer route by the National Highways Authority of India (NHAI) has attracted three bids — IRB Infrastructure Developers, Adani Group and Cube Highways.

Economy News

Ashoka Buildcon plans to bid for Rs 400-crore city gas distribution projects

Roads developer Ashoka Buildcon (ABL), through its city gas distribution (CGD) business, Unison Enviro (UEPL), is planning to bid for projects worth Rs 400-600 crore in the next round of bidding scheduled in February.

Industry News

Sadbhav to sell 12 road projects

In a recent call with analysts, Nitin Patel, ED & CFO, SEL, confirmed the company is open to parting with a majority stake but said it will retain some of its holding, without giving further details.

Industry News

MMRDA takes over monorail operations from L&T-Scomi JV

Says LTSE failed to supply the Rolling Stock Trains, failed to operate and maintain the system on the entire corridor and failed to rectify defects as per the contractual clauses.

mmrda, l&t News

In the dock: IL&FS financial arm indulged in window-dressing, says Serious Fraud Investigations Office

Company inflated its financial performance by ever-greening loans to defaulting firms, says the probe report.

Industry News

Former IL&FS chief declares Rs 99-crore movable assets

Former chairman Ravi Parthasarathy has declared Rs 98.98 crore of movable properties during the interrogation by the SFIO, besides four immovable ones.

Industry News

Express IT Awards: Lifetime achievement award – Vineet Nayyar

Chak de phatte! That was Vineet Nayyar’s triumphant response to reporters’ queries after Tech Mahindra snapped up Satyam Computers.

Vineet Nayyar, Tech Mahindra, Satyam Computers,  Mahindra and Mahindra, JP Morgan, IL&FS News

IL&FS to auction 72 luxury cars to generate funds

The government-appointed board at IL&FS Group is shortly going to put up a fleet of 72 luxury cars for auction, most of which are models belonging to the Jaguar and Audi brands.

Industry News

AAI to pick 51% stake in Dholera International Airport

Construction of the much-awaited Dholera International Airport (DIAC) is likely to begin early next year with the Airports Authority of India (AAI) approving a decision earlier this month to take a 51% stake in the project.

Dholera International Airport, AAI, DIAC, PPP model,DMICDC News

Ex-IL&FS boss Ravi Parthasarathy applies for overseas travel for treatment

Parthasarathy had returned to India on October 22 as he was wanted for questioning by the Serious Fraud Investigations Office

Industry News

Siemens India beats Street but may not sustain growth

Siemens India posted an earnings beat for the third straight quarter as it also reported its best quarterly performance in the last six years on the back of strong revenue growth across all business segments.

India News

Debt crisis: IL&FS may opt for roads, renewable projects auction

IL&FS’ roads development arm, IL&FS Transportation Networks (ITNL), has the largest portfolio of highways built via a public, public, private partnership (PPP), with 28 build, operate, transfer (BOT) projects.

Industry News

Dilip Buildcon sticks to its guidance despite tepid second-quarter result

Earnings before interest, tax, depreciation and amortisation (ebitda) was up 2.1% at Rs 294.30 crore while ebitda margins contracted 22 basis points to 18%.

Industry News

GIP, Brookfield, Cube likely to bid for second TOT bundle of highways

Global Infrastructure Partners (GIP), Brookfield Asset Management and Cube Highways are among those likely to bid for the second bundle of highways grouped under the toll, operate, transfer (ToT) model.

nhai, rajasthan gujarat News

IL&FS crisis: NCLAT to hear IndusInd Bank plea

The National Company Law Appellate Tribunal on Tuesday agreed to hear IndusInd Bank’s plea seeking to recover an interest payment of Rs 25 crore from Infrastructure Leasing & Financial Services (IL&FS).

Industry News

Bhogapuram International Airport: Zurich, Munich, Incheon among seven bidders for Andhra project

Seven bidders have submitted offers, competing to build the Rs 4,200-crore greenfield Bhogapuram International Airport project in Andhra Pradesh.

Infrastructure News

Cube Highways to acquire HCC’s road project

Cube Highways is in talks with Hindustan Construction Company (HCC) to acquire full ownership of Baharampore Farakka Highways (BFHL) from the latter, FE has learnt.

Infrastructure News

Kotak ropes in former investment banking head TV Raghunath to help out IL&FS

Raghunath will be a part of a core operating committee which is being headed by Vineet Nayyar, the new vice-chairman and MD of IL&FS.

Industry News

Ministry of Corporate Affairs seeks lawsuit moratorium on IL&FS, its group companies

The (NCLT) has already accepted the MCA’s earlier plea filed last week, seeking immunity for the newly-appointed board of IL&FS from any potential legal action against them by numerous creditors and investors of the company

Industry News

IL&FS CEO got windfall raise as losses mounted for lender

Parthasarathy stepped down on October 2, 2017, and the company that has debt in excess of Rs 116,000 crore began defaulting on loans a few months ago.

Industry News
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