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GOVERNMENT STAKE
Canada's Warren Buffett bets his billions on India. What does he see?Prem Watsa’s Fairfax Financial will acquire a 60.72% stake in IDBI Bank for Rs 52,878 crore, marking India’s largest cross-border banking d...15 Oct, 2026, 02.04 PM IST- IDBI Bank shares fall 7% as investors book profit after Fairfax deal gets cabinet nodIDBI Bank shares plunged as investors booked profits after a nearly 13% rally in the previous session following the Cabinet’s approval of F...15 Oct, 2026, 01.09 PM IST
- Fresh capital: How Jio’s market debut differs from recent mega-IPOsJio Platforms is gearing up for its initial public offering by pursuing a strategy focused solely on fresh shares. This means that no curre...15 Oct, 2026, 08.57 AM IST
- A $6 bn deal signals major appetite for the India prize as global giants look to deepen exposureThe sale of a controlling stake in IDBI Bank for around $6 billion is being viewed a pivotal moment in India's banking reform journey. The ...15 Oct, 2026, 08.55 AM IST
- 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...15 Oct, 2026, 05.30 AM IST
- In 1984, UK investors put £1,000 into British Telecom shares; 20 years later, reinvested dividends lifted the stake to £5,710The UK government began selling BT shares to the public on November 30, 1984, giving individual investors an opportunity to buy a stake in ...15 Oct, 2026, 03.04 AM IST
- 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...15 Oct, 2026, 12.43 AM IST
- 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...15 Oct, 2026, 12.07 AM IST
- '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...14 Oct, 2026, 10.31 PM IST
- 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...14 Oct, 2026, 08.56 PM IST
- 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...14 Oct, 2026, 08.54 PM IST
- 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 ...14 Oct, 2026, 07.24 PM IST
- Lufthansa to buy 44.9 per cent of TAP Air Portugal in euros 1.2 billion dealThe German airline outbid Air France-KLM, the only other company in the race, Portuguese Prime Minister Luis Montenegro said. The governmen...14 Oct, 2026, 07.16 PM IST
- 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 ...14 Oct, 2026, 06.24 PM IST
- 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...14 Oct, 2026, 05.49 PM IST
- 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...14 Oct, 2026, 11.51 AM IST
- Suits & Sayings: High StakesET’s roundup of the wackiest whispers in corporate corridors09 Oct, 2026, 11.48 PM IST
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