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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...
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...
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...
Global Market: South Korea regulator says Solidigm US listing may breach dual-listing rulesSouth Korean regulators are examining whether a US listing of SK Hynix subsidiary Solidigm would breach dual-listing rules. The review rais...
IIFL Finance plans to raise ₹2,500-5,000 crore by selling stake amid Fairfax exit rumorsIIFL Finance is intending to raise ₹2,500-5,000 crore by selling a minority stake. The company's promoters may subscribe to warrants to lim...
From shareholders to partners: How Google and Meta’s Jio investments evolved into an AI allianceMeta and Google, originally minority shareholders in Jio Platforms, are now forming strategic partnerships with Reliance. The new collabora...
ESOP Muddle: 7 ways ESOPs are used to trick accounts, taking minority shareholders for a rideCompanies do not always pay employees through salaries and bonuses. Sometimes, they reward them with shares – or the right to buy shares at...
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...
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...
INWIT investors line up financing for possible take-private, sources sayShareholders of INWIT are reportedly arranging financing for a potential take-private bid amid ongoing disputes. The investors involved inc...
Sunil Bharti Mittal is prowling for big kill on his African safariAirtel Money’s London listing has put a roughly $7 billion valuation on Sunil Bharti Mittal’s African fintech bet, highlighting how far the...
Airtel Money debuts on LSE in biggest listing in 5 yearsAirtel Money, the financial services arm of Airtel Africa, made a striking entrance on the London Stock Exchange, captivating investor atte...
ET Interview: India’s aspirational middle class gives it demographic edge, says Verlinvest CEO Roberto ItaliaVerlinvest is planning to invest €1 billion in India over the next five years, reflecting the country's economic dynamism. The firm identif...
In 2022, Kevin Hart merged two businesses into HARTBEAT; a $100 million minority investment valued the new media company at about $650 millionKevin Hart's media company Hartbeat illustrates the challenges faced by celebrity-backed ventures in sustaining growth. While initial succe...
John Distilleries surpasses Rs 10,000 crore revenue in FY26; Sazerac become majority shareholderIn FY26, John Distilleries Ltd demonstrated remarkable growth, achieving a revenue of Rs 10,820.10 crore and a net profit of Rs 11.6 crore,...
Gautam Adani overtakes Mukesh Ambani on Forbes India's 100 Richest list 2026: Check top 10 richest Indians and full listIn 2026, Gautam Adani reclaimed his position as India's richest person with a net worth of $112.7 billion. Mukesh Ambani fell to second pla...
IHH plans to raise Fortis stake to 51%, expand capacity to 10,000 beds by 2031IHH Healthcare aims to raise its stake in Fortis Healthcare to 51 percent within three to five years. The company intends to increase Forti...
Noel Tata says Tata Sons' proposed restructuring complies with RBI rules, could avoid listingTata Trusts, led by Noel Tata, has proposed merging two companies with Tata Sons to prevent a public listing. This restructuring aims to ad...
Arisinfra Solutions ups stake in subsidiary Buildmex-Infra to 92%Arisinfra Solutions will acquire an additional 16% stake in material subsidiary Buildmex-Infra for Rs 60 crore, raising its holding to 92%....