The petitioners had alleged in the PIL that the loans were given to shell companies
All the four entities, for which data was sought by Irdai on October 9, have been downgraded by credit rating agencies recently
The ministry's affidavit was filed in response to a PIL by an NGO, Citizens Whistle Blower Forum, alleging financial irregularities by IBHFL
According to the BSE website, the last traded price of the bond was Rs 60.38, for a trade size of Rs 135 crore
Rating agency says continued decline in on-balance sheet loans is a reflection of its funding challenges
The court had in September passed an interim order restraining Swamy and the social media giants from publishing or disseminating any "false, offending or defamatory" allegations against Indiabulls
Market experts say the buyback is done to stem the slide in the stock prices of the two companies
The government will by the end of October submit its report on potential wrongdoing at three Indiabulls Group companies.
Indiabulls Housing Finance, Indiabulls Ventures, Indiabulls Real Estate are being probed for potential wrongdoing by the Registrar of Companies
The development represents an effort to get out ahead of recent headlines that contributed to its share price losing an unprecedented 34% slump on Monday. Shares rebounded 5% on Tuesday
Indiabulls Housing Finance saw its sharpest intra-day fall since listing, plunging 38 per cent to Rs 240, also its 52-week low on the BSE. The trading volumes on the counter jumped four-fold
Earlier, the company had disclosed its plans to focus on its India business and cut down on debt
The court listed the matter for further hearing on December 13
Thus far in the July-September quarter, the market price of Indiabulls Real Estate more than halved from level of Rs 114, as compared to 1.5 per cent decline in the S&P BSE Sensex.
Indiabulls Real Estate has sold a 50 stake in Indiabulls One Centre and Indiabulls Finance Centre in the Lower Parel area of Mumbai and a commercial property in Gurugram to Blackstone
The company's counsel argued in the court that it was "malicious" and "malafide" petition which was causing loss to its business and reputation
From economists cutting their projection of the GDP expansion for 2019-20 to the govt considering more sops and benefits to push electric mobility, here are the top business headlines for Wednesday
Indiabulls now mulling partnership with Blackstone for its commercial real estate assets
Rajya Sabha member Subramanian Swamy sent a letter to Prime Minister Narendra Modi, accusing the group of frauds worth Rs 1 lakh crore
Indiabulls Housing Finance and Indiabulls Commercial Credit Limited (ICCL) are slated to merge with Lakshmi Vilas Bank Limited (LVB)