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FINANCIAL RESTRUCTURING
Getty Images files Chapter 11, Koch-backed restructuring targets year-endGetty Images has filed for Chapter 11 bankruptcy as part of its restructuring plans to go private. This decision follows the collapse of it...- Pivot to Privatisation 2.0: Why IDBI Bank’s sale should rev up India’s push to privatise remaining non-strategic PSBs and PSUsLast week, the Cabinet Committee on Economic Affairs approved the sale of IDBI Bank's majority stake. The stake, held by the Government of ...
- IDBI Bank sale to Fairfax enters final lap, RBI nod now key: DIPAMThe strategic sale of IDBI Bank to Canada’s Fairfax Financial Holdings is expected to be completed by the end of FY27, subject to RBI appro...
- Company townhall and results can tell 2 different tales; here's what to check if you are worried about your next hike or promotionKeep manager’s reassurance and employer’s financials apart, says Devashish Chakravarty. Every three months, listed companies must disclose ...
- IDBI Bank shares in focus as Q2 net profit falls 39%; NII tanks nearly 50% YoYIDBI Bank reported a 39% YoY decline in Q2 FY27 net profit, partly due to a one-off gain in the previous year. Despite this, underlying pro...
- Yes Bank Q2 profit beats estimates, but Supreme Court's AT1 bond ruling impact not booked as lender weighs further appealYes Bank reported a 65% year-on-year rise in second-quarter profit to Rs 1,080 crore, beating analyst estimates. However, the lender said i...
- MHA seeks detailed report from Punjab on Gurdaspur incident which left one deadThe Union Ministry of Home Affairs has requested a detailed report from Punjab regarding recent violent incidents. One incident resulted in...
- SBI helped save YES Bank, Japan came aboard, and now an ₹8,415-crore ghost is crashing its comebackYES Bank’s ₹8,415-crore AT1 bond write-off, carried out during its 2020 reconstruction, has returned to the spotlight after the Supreme Cou...
- 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 must merge CSB or exit one bank within 2 years: DIPAM Secy Arunish ChawlaThe Cabinet Committee on Economic Affairs has approved Fairfax Financial Holdings' acquisition of a majority stake in IDBI Bank. The next s...
- Kotak Mutual Fund halts subscriptions in two Yes Bank AT-1 bond schemes after SC orderKotak Mahindra Mutual Fund suspended subscriptions in two debt schemes holding Yes Bank AT1 bonds after the Supreme Court overturned their ...
- 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...
- Fairfax plans to fold IIFL Capital, Digit into IDBI Bank after Rs 52,878 crore India dealFairfax Financial Holdings plans to bring its Indian financial investments under IDBI Bank after India's approval of a Rs 52,878 crore ($5....
- IMF stands ready to support Sri Lanka as economy improves, debt restructuring nears completionThe International Monetary Fund has expressed readiness to support Sri Lanka in its economic recovery efforts. Sri Lanka's macroeconomic si...
- Why is Getty Images filing for bankruptcy? Failed Shutterstock merger and AI pressure explainedGetty Images is planning to file for bankruptcy to reorganize its finances and seek new investments. The company has secured funding commit...
- 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...
- 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...
- Cabinet approves Rs 52,878 crore IDBI Bank sale to Fairfax arm in India’s largest financial-sector FDIThe Cabinet Committee on Economic Affairs has approved the strategic sale of IDBI Bank to a Fairfax Group arm, Union Minister Ashwini Vaish...
- 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 ...
- Goodluck India shares surge 17% as merger expands, defence arm to join firm along with green energy unitGoodluck India shares surged 17% to a 52-week high of Rs 585 after its board approved the proposed merger of Goodluck Defence and Aerospace...
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