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INDIAN BANK DIVESTMENT
Govt lines up PSU stake sales to cushion budget hit from oilIndia is accelerating plans to divest stakes in major state-owned entities, including the nation's largest insurer, Life Insurance Corp., t...- Kotak Mahindra Bank to acquire Deutsche Bank’s retail banking, private banking and wealth management business in IndiaKotak Mahindra Bank is acquiring Deutsche Bank's retail, affluent private banking, and wealth management operations in India. This strategi...
- IRFC shares tumble 5% as OFS opens for non-retail investors. Here’s what shareholders should knowIRFC shares dipped 5% as the government launched an Offer for Sale, planning to sell a 1% stake at a floor price of Rs 91. This move aims t...
- Govt notifies rules to lift investments by persons resident outside IndiaIn an exciting development, India has relaxed its investment rules, making it more convenient for foreign investors to dive into its dynami...
- Will we K-Pop (desi remix)? How India can turn Tata, Adani, Reliance into global titansForeign companies are exiting India for various reasons, from business failures to global strategy shifts. India aims to build national cha...
- US death tax trap: Uncle Sam's wealth puzzle leaves rich Indians worried for their kidsRich Indian families are racing to shield booming US stock portfolios from America’s 40% inheritance tax, but face complex FEMA and LRS hur...
- Citi sees India IPOs hitting fresh records despite challengesIndian initial public offerings are poised for a strong comeback in the latter half of the year. Citigroup anticipates deal volumes to meet...
- 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...
- Prudential to acquire 75% stake in Bharti’s insurance business for Rs 3,500 crorePrudential plc is set to acquire a 75% stake in Bharti Life Insurance Company Limited from Bharti Life Ventures Pvt Ltd. This strategic par...
- Foreign investors continue to pull out of financials in second half of AprilForeign investors continued their sell-off in Indian equities, particularly in financials, extending withdrawals into the latter half of Ap...
- Indian market faces AI narrative problem; it'll be smallcaps over largecaps for next 5 years: Manish GunwaniIndian stock market valuations are attractive. However, global investor focus on Artificial Intelligence is diverting capital away from eme...
- Govt to exercise green shoe option, to divest 3% stake in IOBThe government on Wednesday decided to exercise green shoe option to divest a higher 3 per cent stake in Indian Overseas Bank through offer...
- Govt looks to offload 5-10% in some public sector banksThe government is keen to take advantage of the sharp rally in share prices of public sector banks (PSBs) that are riding on much-improved ...
- RRB employees to observe one-day strike on September 27 against govt's divestment planThe central government holds 50% in each of the RRBs while their respective sponsor banks hold 35%. The balance 15% in RRBs is held by the ...
- Indian Bank to divest its stake in ASREC (India)The bank holds 38.26% in ASREC and its board on Friday has approved a plan to fully or partly sell the stake. Bank of India, Union Bank of ...
- Indian Bank to rope in minority partner to revive Ind Bank HousingThe bank has three subsidiaries including Universal Sompo General Insurance and Ind Bank Merchant Banking Services.
- Allahabad Bank to hire a consultant for insurance JV adviceAllahabad Bank has decided to hire a consultant to advise it on its proposed stake sale in the insurance joint venture Universal Sompo Gene...
- Allahabad Bank may sell stake in insurance companyThe bank's board will meet on Friday to consider selling a part or all of its 30% stake in Universal Sompo General Insurance.
- Allahabad Bank may consider divesting stake in general insurance ventureThe finance ministry had earlier asked state-run banks to look at divesting their noncore assets in order to meet burgeoning capital requir...
- India's divestment deals on slow burner: DBSThe divestment target is pegged at Rs 69,500 crore for this fiscal year, two-thirds of which will be through stake sales in public sector c...
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