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GOVERNMENT REVENUE FROM DISINVESTMENT
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...- Early Diwali dhamaka: With the IDBI strategic sale to Fairfax, GoI has taken a giant step in the disinvestment pathwayIDBI Bank's sale as part of a disinvestment strategy provides ₹26,000 cr to the government during economic challenges. Government of India ...
- Myntra FY26 revenue from operations at Rs 5,242.5 cr; advertising income up 35%Myntra Designs recorded a revenue of Rs 5,242.5 crore from operations in FY26, even as logistics revenues declined. The advertising sector ...
- Flipkart Internet’s revenue falls 19% YoY to Rs 16,295 crore in FY26Meanwhile rival Amazon India’s marketplace entity Amazon Seller Services reported a 15% increase in operating revenue to Rs 34,966.8 crore ...
- Wall Street banks' bond trading revenue hit by market volatility, equities shineAmidst a backdrop of volatility in interest rates and a bond market selloff, Wall Street banks experienced a downturn in fixed-income tradi...
- Tug-of-War: States asked to waive stamp duty on road projectsThe road transport and highways ministry is recommending that states eliminate stamp duties on highways. States argue that linking stamp du...
- 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...
- CBDT nudges 12,000 tax professionals to file pending audit reportsCBDT has launched the SAKSHAM NUDGE campaign aimed at tax professionals to encourage timely filing of tax audit reports. The campaign targe...
- 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...
- India's cultural heritage receiving growing recognition at global level: PM ModiPrime Minister Narendra Modi highlighted the importance of India's music, dance, cinema, and cuisine during a conference. The event, titled...
- 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...
- Modi govt’s 13 strategic disinvestments in 10 yearsThe Modi government is set to sell a 60.72% stake in IDBI Bank for ₹52,878 crore. This sale will surpass previous disinvestment efforts, ma...
- Centre set to cross Rs 80000 cr disinvestment target for first time since FY19 after IDBI Bank stake saleThe Indian government is expected to surpass its budgeted disinvestment target of Rs 80,000 crore for FY27. A significant contributor will ...
- 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 ...
- Ircon to monetise 4 highway assets; PSU plans to unlock 3,000cr value as part of GoI's infra monetisationIrcon International has placed four highway assets for sale in a government-led monetisation programme. These assets include toll-road and ...
- US stocks: Citi profit jumps 40% with higher investment banking, services and wealth revenueCitigroup has reported a remarkable 40% jump in its third-quarter profits year-over-year, despite some declines in other areas. Trading rev...
- Telecom sector sees 9.19% AGR growth to Rs 88,796 crore, led by Reliance JioIndia's telecom sector reported an adjusted gross revenue of Rs 88,796 crore in the April-June quarter. Reliance Jio dominated the market, ...
- OpenAI's September annualized revenue nears $50 billion, less than previously indicatedThe discrepancy mainly arose from an attempt to produce a direct comparison with figures from rival Anthropic, the person said on condition...
- D-Mart Q2 revenue rises 18% to Rs 19,206 cr; store count at 518Avenue Supermarts has achieved an impressive 18.4% growth in standalone revenue for the second quarter of 2026, totaling Rs 19,206.18 crore...
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