Fairfax India makes open offer to buy additional 26% in IIFL Capital ServicesFairfax India Holdings Corporation has launched an open offer to acquire an additional 26% stake in IIFL Capital Services. This move follow...
Govt weighs options to revive stalled IDBI Bank privatizationIndian authorities are exploring ways to revive the long-delayed sale of a majority stake in IDBI Bank after bids fell short of expectation...
Fairfax India to raise stake in IIFL Capital to 51% with $211 million investmentFairfax India is set to increase its ownership in IIFL Capital to 51 percent. This move involves an investment of 20 billion rupees. The ca...
CSB Bank cautious on gold loans, focuses on wholesale business, says MD Pralay MondalCSB Bank, a lender backed by Prem Watsa, is adopting a cautious stance on gold loans following global uncertainties. The bank intends to sh...
Global uncertainties impact gold loan prices; so CSB will remain cautiousIn light of recent fluctuations in gold prices prompted by international unrest, CSB Bank is reassessing its approach to gold-backed lendin...
CSB Bank cautious on gold loans, focuses on wholesale business, says MD Pralay MondalCSB Bank is turning cautious on gold loans amid price volatility linked to geopolitical tensions. The lender expects slower growth, shiftin...
Fairfax likely to buy 10% more in IIFL Capital via preferential allotmentFairfax Financial Holdings plans to boost its stake in IIFL Capital Services. The deal is valued at approximately ₹1,000 crore. This move w...
Irdai keeps FY27 cession rate at 4%, backs GIC Re roleIrdai has maintained the mandatory 4% cession rate for FY27, directing general insurers to place this share with GIC Re. This decision aims...
Centre may seek revised bids from two suitors for IDBI BankGovernment may seek revised financial bids for IDBI Bank. Original offers fell below the set reserve price. This strategic sale is crucial ...
Prem Watsa: How an Indian became Canada's Warren BuffettIndian-Canadian billionaire Prem Watsa, hailed as the "Warren Buffett of Canada," has announced his succession plan for Fairfax Financial H...
Who is Ben Watsa, the future chairman of Fairfax financial and heir to Prem Watsa’s $100-billion empire?Billionaire Prem Watsa has revealed his son, Ben Watsa, will succeed him as chairman of Fairfax Financial Holdings. The news comes from Dav...
ET Awards: Fairfax's Prem Watsa wins Global Indian award for corporate excellencePrem Watsa has come a long way since he landed in Canada as a young immigrant in the early 1970s with just $8 in his pocket.
Prem Watsa's BIAL investment on PM Narendra Modi's tableIndian-origin Prem Watsa's investment is stuck with the Ministry of Civil Aviation awaiting security clearance, and the delay is holding up...
Why Fairfax Financial Holding's founder Prem Watsa wants more equity in IIFLIf Watsa’s open offer succeeds, he will hold more equity in IIFL than mercurial founder and chairman Nirmal Jain and long-time partner R Ve...
IIFL Holdings surges on open offer, hits 52-week highThe offer price for the open offer has been set at Rs 195 per share, which is at a 3.72% premium to Monday's closing of Rs 188 on the BSE.
Promoters not tendering shares in Prem Watsa-led Fairfax India's offer to buy 26 per cent in IIFL Holdings: Nirmal Jain, chairman"Prem Watsa has been very bullish on India, and he has been one of the most vocal admirers and supporters of the present government. "
- Prem Watsa: The Indian who bailed out Bank of Ireland
When Bank of Ireland faced nationalization, a group of North American investors pumped in $1.6 bn to keep it out of the hands of the Irish ...