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GOVERNMENT STAKE SALE
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...- 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 ...
- 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...
- 'INDI alliance parties ruined PSBs': Sitharaman responds to Akhilesh's 'Season End Sale' remarks on IDBI-Fairfax dealFinance Minister Sitharaman criticized Akhilesh Yadav's remarks about the IDBI Bank's sale to Fairfax Financial Holdings. She accused Yadav...
- 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...
- ET Prime Special Series: Multibagger or IBC - Part 80: This auto ancillary has assets and cash to expand. Can it find demand?Eighty instalments into our weekly auto ancillary series, one thing is clear: The investment story of a component maker cannot always be un...
- 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 ...
- IDBI Bank-Fairfax deal: Government to retain 15% stake, LIC to hold 19%The government will retain a 15% equity stake in IDBI Bank and Life Insurance Corporation will hold 19%. Both the government and LIC will w...
- 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...
- 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 ...
- Nandan Nilekani, NEET reform panel head, wants to end ‘question papers’: Infosys co-founder has an unusual plan to prevent paper leaksNandan Nilekani's Anti-Neet Paper Leak Plan: Nandan Nilekani has proposed generating NEET question papers at the last minute using AI and a...
- JSW Energy, Gemstar & Actis vie for Polaris smart meteringAs Polaris Smart Metering progresses to the next phase of its sale, several shortlisted bidders, such as Actis, JSW Energy, and Gemstar Inf...
- PepsiCo is raising prices on Doritos and more after a weak quarter in AmericaPepsiCo plans to raise prices on certain snack foods and beverages due to increased costs. The price increase will be in the single-digit p...
- Thermax scouts for a partner to charge up its green energy unitThermax has set its sights on attracting external investors to its renewable energy subsidiary, First Energy. By contemplating a major stak...
- US President Donald Trump buys $1 million-plus stakes in Meta, Microsoft, McDonald’s; adds SpaceX debtDonald Trump invested over $1 million in stocks of several major companies during August. Notable purchases included Meta Platforms, McDona...
- Wall Street’s $10 billion India hospital bet sparks a fight over billsWall Street has poured about $10 billion into Indian hospital chains over the past five years, with investors including Blackstone, KKR, TP...
- Investors’ bets on Ola shrink as EV, ride-hailing businesses lose groundAs competition intensifies, SoftBank Group and fellow investors in Ola are grappling with a substantial reduction in their holdings' valuat...
- L&T extends Hyderabad Metro stake sale deadline to Dec 31Larsen & Toubro has announced a revised completion deadline for selling its stake in L&T Metro Rail (Hyderabad) Ltd. The new deadline is se...
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