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CANADIAN BILLIONAIRE PREM WATSA
Looking to ride India boom over next decade with IDBI Bank, says Fairfax chief Prem WatsaPrem Watsa, chairman of Fairfax Financial, has acquired a major stake in IDBI Bank, emphasizing India's economic growth potential. He belie...- Supreme Court rules against Yes Bank's write-off of Rs 8,415 crore AT1 bondsThe Supreme Court confirmed the decision of the Bombay High Court regarding Yes Bank's AT1 bonds. This ruling impacts ₹8,415 crore in bonds...
- Fairfax gets 15 years to reduce stake in IDBI Bank to 26%Fairfax Financial Holdings will acquire a 60.72% stake in IDBI Bank and reduce its ownership over 15 years. The Reserve Bank of India has a...
- Money is going into data centres and AI in US... now India will be on everyone’s list: Prem WatsaCanadian billionaire Prem Watsa's bet on IDBI Bank is backed by faith in the Indian economy, he told Mohit Bhalla and Sruthijith KK in a ph...
- Canadian billionaire and Asian banking titans find ₹1.32 lakh crore worth of interest in IndiaIn recent months, foreign investment in India’s financial sector has grown significantly, resulting in major acquisitions. Fairfax Financia...
- ‘Keep your nose out’: Pete Hoekstra warns Canadian politicians ahead of US midterms after 100,000 Canadians sought his expulsionUS Ambassador to Canada Pete Hoekstra has warned Canadian politicians to “keep their nose out” of American politics ahead of the November m...
- Supreme Court upholds Bombay HC ruling quashing YES Bank's Rs 8,415 crore AT1 bond write-offThe Supreme Court has confirmed the Bombay High Court's verdict that invalidated YES Bank's write-off of AT1 bonds totaling Rs 8,415 crore,...
- Fairfax plans to bring Digit, IIFL Capital under IDBI BankFairfax Financial Holdings plans to bring its interests in Go Digit and IIFL Capital Services under IDBI Bank, creating a financial-service...
- Canada's Warren Buffett bets his billions on India. What does he see?Prem Watsa’s Fairfax Financial will acquire a 60.72% stake in IDBI Bank for Rs 52,878 crore, marking India’s largest cross-border banking d...
- Canada citizenship certificate wait rises to 34 months as application backlog falls for the first time since December 2025Canada has raised the estimated processing time for citizenship applications to 34 months as of October 2026. This follows a steady increas...
- A $6 bn deal signals major appetite for the India prize as global giants look to deepen exposureThe sale of a controlling stake in IDBI Bank for around $6 billion is being viewed a pivotal moment in India's banking reform journey. The ...
- Cabinet clears way for Watsa's Fairfax's Rs 52,878 crore deal for 60.72% stake in IDBI BankFairfax Financial Holdings will acquire a majority stake of 60.72% in IDBI Bank for ₹52,878 crore. This acquisition marks a significant mom...
- Fairfax offers plan to resolve IDBI-CSB ownership overlappingA merger of the two lenders is emerging as the most likely option, potentially allowing the Canadian investor to consolidate its banking in...
- IDBI, poster boy for more privatisationIDBI Bank has been sold to Fairfax, resulting in a significant shift from government control to private ownership. This sale follows a long...
- Canada sees scope for more investments in India after Fairfax-IDBI bank deal, says Minister SidhuCanada's Minister of International Trade has noted the investment potential between Canada and India in infrastructure development. Followi...
- IDBI Bank shares rally 13%, market value swells by Rs 11,460 crore amid muted market. What lies ahead?IDBI Bank shares surged nearly 13%, adding over Rs 11,460 crore to its market capitalisation amid progress in the privatisation process. Th...
- $845 billion windfall in 2026: AI boom drives unprecedented wealth creation for tech billionairesTechnology billionaires added a record $845 billion to their combined fortunes in the first nine months of 2026, driven by the artificial i...
- Canada to lead largest trade delegation to India in over 30 years, CEPA talks in focusCanada is leading its largest trade delegation to India in more than 30 years, with nearly 300 business delegates set to explore partnershi...
- 300-member Canadian trade delegation heads to India as countries look to firm up tiesCanada is preparing to send a significant trade delegation to India, aiming to enhance commercial relationships. Led by Minister Maninder S...
- Govt evaluating financial bids for IDBI Bank strategic sale: SourcesThe government is evaluating revised financial bids from Fairfax Financial Holdings and Emirates NBD for the proposed sale of a 60.72% stak...
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