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INDIA BANK OWNERSHIP RULES
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...
- In 2024, a US court ruled on an ownership dispute involving two properties sold for $10,200 after a tax-deed transfer; here's what happenedIn a decision in Thomas DeCola v. Matt H. and Anne L. Sheafer, the appeals court rejected Thomas DeCola's arguments. It stated that the tax...
- 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 strategic restructuring to attract FDI, boost banking sector, says FM SitharamanThe Cabinet Committee on Economic Affairs approved the strategic restructuring of IDBI Bank to attract foreign investments. The government ...
- An ancient idol drew a $12.7 million bid; Why Turkey failed to get it backA prehistoric marble figurine from Anatolia became the centre of a multimillion-dollar ownership dispute after a reported $12.7 million bid...
- Chinese woman buys 196 parking spaces for Rs 20 crore, residents sue after she doubles rental chargesA Chinese woman’s purchase of 196 parking spaces in a residential complex has reignited debate on social media after residents challenged h...
- In 1942, a woman inherited property worth $33,650, its value rose to $95,000, then a mother-son ownership arrangement triggered a US estate-tax disputeThe dispute reached the US Court of Appeals for the Fourth Circuit, which ruled on November 1, 1967, in favour of the Internal Revenue Serv...
- A study says when a child says 'mine', it may mean more than possessiveness: Why sharing takes timeUnderstanding ownership helps children learn the difference between their belongings and things that belong to others. Sharing an object is...
- How much gold and silver jewellery can you have in your home without getting into trouble with the Income Tax authorities?How much pure silver and gold jewellery can you have in your home without getting into trouble with the Income Tax authorities? To know the...
- Bigger car loans, longer tenures face rate-hike testIndian car buyers are increasingly taking out larger and longer loans to purchase higher-priced vehicles. This trend emerges as borrowing c...
- FII ownership hits 17-year low, but foreign holdings in Indian equities rise 3.6 times to $783 billion: ReportForeign investor ownership in Indian equities has fallen to a 17-year low of 15.1%, but the absolute value of holdings has risen to around ...
- RBI tightens rules on rupee non-deliverable contracts, widens 20% cash reserve requirementThe Reserve Bank of India on Monday tightened rules on rupee non-deliverable derivative contracts, limiting overseas clients to using them ...
- Mutual funds close in on FPIs in Indian equity ownershipWith Indian mutual funds now holding 11.7% of domestic equities, they have overtaken foreign portfolio investors, whose share has plunged b...
- China's trade restrictions for services exporters under reviewIndia is proactively gathering insights on the trade hurdles faced by its services exporters in China, engaging with industry representativ...
- Jay-Z invested $1 million in New Jersey Nets in 2004, before the team became Brooklyn Nets. Here’s what his holdings were worth 9 years laterJay-Z invested a reported $1 million in the New Jersey Nets in 2004, years before the team became the Brooklyn Nets. By 2013, his combined ...
- In 1977, US couple swapped apartment building, transferred property to a partnership the same day: Why a court told IRS their tax break staysThe US Court of Appeals for the Ninth Circuit upheld the decision in favour of Norman J. and Beverly G. Magneson in February 1985, rejectin...
- RBI removes Paytm Payments Bank from list of scheduled banksIn April this year, the Reserve Bank of India (RBI) had cancelled the banking licence issued to PPBL for non-compliance with norms, saying ...
- Married daughter becomes sole legal heir for father's land without patta, her ownership rights were rejected by authorities; High Court orders to accept her claimHimachal Pradesh High Court has quashed an order denying a woman patta for land her father was granted in 1972, ruling that the Nautor Land...
- RBI brings new rule for banks to measure risks from derivatives, other such dealingsThe Reserve Bank of India has set a Rs 25,000 crore threshold for banks to adopt new credit risk approaches. Banks with considerable deriva...
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