Sector: All Sectors
Fairfax to acquire majority stake in IDBI Bank
Indian government has announced a majority stake sale in the state-owned IDBI bank to Canadian firm Fairfax Financial Holdings for Rs 52,878 cr ($5.5 billion). Fairfax’s winning bid offered a price of Rs 81/ sharee for a 60.7% stake in IDBI Bank. During the bidding process, the government arrived at an average fair value of … Read more
Kumar Mangalam Birla plans $30 billion push undeterred by crises
Billionaire Kumar Mangalam Birla is looking to invest as much as $30 billion, undeterred by multiple global crises which he acknowledged have made investment decisions tougher for his metals-to-retail empire. “You either grow or you go down; you can’t stay in a state of equilibrium,” the chairman of the Aditya Birla Group said at the … Read more
MUFG speculated to target majority in Shriram Finance
Recently, Mitsubishi UFJ Financial Group (MUFG) had acquired a 20% stake in Shriram Finance. Bloomberg now reports that MUFG is looking to eventually gain majority control in the Company. The idea to increase stake from 20% to more than 50% is speculated to be in early stages with neither any indicated acquisition structure nor the … Read more
‘If you can’t beat them, join them’: Uday Kotak backs Chinese investment in India
Uday Kotak, Founder & Director, Kotak Mahindra Bank, on Tuesday said India should remain open to Chinese investment and manufacturing partnerships, arguing that the country must diversify its sources of capital beyond the West as global trade tensions and shifting geopolitical relationships reshape investment flows. Speaking at the Bloomberg New Economy Forum 2026 in New … Read more
Will keenly hear views on LTCG and STT matters, Finance Minister Sitharaman says
Finance Minister Nirmala Sitharaman on Tuesday (October 13, 2026) said that she would listen to all views regarding the long-term capital gains (LTCG) tax and the securities transaction tax (STT). However, she refrained from stating whether the matter would be considered during the ongoing discussions in the preparations of Budget 2027. Just the indication that … Read more
RBI’s ‘bazooka’ sees rupee rising 1.4% versus dollar in two days, but should central bank let it fall?
A currency is said to be undervalued when it is weaker than what experts believe is its fair value. Where is the rupee headed? The Indian currency has been in a free fall for several quarters now. At one time its one-year forward even breached the 100 mark prompting experts and economists to wonder if … Read more
World economy holds up better than expected, but pressures build, IMF says
World economy holds up better than expected, but pressures build, IMF says Source link