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STRATEGIC DIVESTMENT
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 ...- Nilesh Shah on PSU privatisation: How Hindustan Zinc offers a lesson for IDBI BankKotak AMC’s Nilesh Shah cited Hindustan Zinc as an example of how strategic divestment combined with a retained minority stake can create l...
- 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...
- 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...
- 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...
- Stocks in news: Adani Power, SAIL, BCCL, SAIL, Cupid and CleanMax EnviroIndian equity benchmarks experienced an increase on Friday, noting that volatility in crude oil and bond yields affected investor sentiment...
- Nokia began in 1865 as a paper mill, expanded into rubber and cables, launched its first handheld in 1987 and led mobile phones by 1998; after 149 years, its handset business was sold to Microsoft in 2014Nokia's move toward telecommunications developed gradually rather than happening overnight. The company entered telecommunications equipmen...
- Coforge shares fall over 3%. What are Jefferies, Emkay saying after Chairman, independent director exit?Coforge shares fell after independent director and NRC chairperson DK Singh resigned, days after chairman OP Bhatt stepped down, raising co...
- Nestle CEO says Middle East conflict driving inflation, higher supplier costsNestle is increasing prices and reducing product offerings to manage rising costs. Higher energy and raw material expenses are impacting su...
- White House reviews candidates to replace Hegseth deputy Feinberg, sources sayThe White House is reportedly reviewing candidates to potentially replace Deputy Secretary of Defense Steve Feinberg. This review comes as ...
- Stocks in news: HDFC Bank, M&M, Gland Pharma, CreditAccess Grameen and Bharat ForgeIndian benchmark indices extended their losing streak for a fourth consecutive session on Thursday. Nifty 50 fell 0.17% and Sensex declined...
- Happiest Minds stake sale: At 82, Ashok Soota’s next act is a ₹1,330 cr healthcare pushAshok Soota is selling a significant stake in Happiest Minds Technologies for Rs 1,330 crore. These funds will support his medical research...
- HSBC joins PEs in race for Nuvama WealthAsia-Pacific-focused private equity firm PAG, current owners of the listed financial services company, has revived attempts to sell the bus...
- Pernod Ricard India sales rise 7% in FY26; IPO plan under discussionPernod Ricard reported seven percent sales growth in India for fiscal year twenty twenty six. The company is discussing a potential initial...
- Aragen Life Sciences files draft papers with Sebi to raise funds through IPOAragen Life Sciences has filed its DRHP with Sebi for an IPO comprising a Rs 800 crore fresh issue and an OFS. Proceeds will fund debt repa...
- Global Market: Porsche stock falls as MHP sale, weak revenue keep investors on edgePorsche shares faced pressure as investors assessed its €320 million MHP sale to TCS and a €1.25 billion technology partnership. The deal s...
- Bain Capital sells 5.64% unitholding in Embassy Office Parks REIT for Rs 2,325 croreBain Capital recently sold a 5.64% stake in Embassy Office Parks REIT for Rs 2,325 crore, offloading more than 53 million units. In respons...
- Dilip Buildcon sells power projects of Rs. 8,400 crore to Alpha AlternativesDilip Buildcon has sold solar and transmission projects valued at Rs. 8,400 crore to Alpha Alternatives. This strategic divestment involves...
- Centre unlikely to dilute strategic sale list despite ministries’ push for reviewThe government plans to proceed with its strategic sale of public sector enterprises. Ministries have requested reconsiderations, but few c...
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