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THE TRUTH ABOUT: Idbi bank - The Untold Story

IIFL Finance dismisses reports on Fairfax planning company exit to fund IDBI Bank deal

IIFL Finance denied reports of Fairfax exiting the company. These reports suggested a stake sale to fund an IDBI Bank acquisition. Blackstone is reportedly in talks with Fairfax for this stake. This potential deal comes as India's financial sector attracts acquisitions. Blackstone previously invested in Federal Bank last year.

The Economic Times

Ahead of Market: 10 things that will decide stock market action on Wednesday

Indian equities extended their decline on Tuesday, with Sensex falling 555 points and Nifty ending below 23,650. Analysts cited elevated crude prices, Fed rate hike concerns and IPO fund absorption, while technical signals suggested 23,600 as key Nifty support.

The Economic Times

IDBI Bank shares crash 11% amid price concerns as Fairfax deal moves closer

IDBI Bank shares fell sharply as investors focused on Fairfax Financial Holdings’ reported Rs 81-per-share offer for a 60.72% controlling stake. The proposed Rs 53,000-crore deal and potential CSB Bank merger are key developments for investors.

The Economic Times

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Fairfax to exit IIFL Finance before likely IDBI Bank deal; Blackstone emerges as suitor

Fairfax Financial Holdings is considering selling its IIFL Finance stake. This move supports its planned acquisition of IDBI Bank Ltd. The Canadian firm is in talks with private equity firms for this potential sale. This transaction is part of a larger strategy for the Indian banking sector. The company aims…

The Economic Times

Govt achieves 78 pc of FY27 divestment, asset monetisation Budget target in Apr-Aug

The government has achieved about 78% of its ₹80,000-crore FY27 disinvestment and asset monetisation target within five months. It has raised ₹62,124 crore so far, led by a ₹31,515-crore LIC stake sale, while the strategic sale of IDBI Bank remains on the table.

The Economic Times

Ahead of Market: 10 things that will decide stock market action on Thursday

Indian equities reversed morning gains to close sharply lower, with Sensex falling 183 points and Nifty declining 0.52%. IT stocks weakened on visa concerns, offsetting gains in banks and metals. Technical signals pointed to continued range-bound trading and caution.

The Economic Times

Ahead of Market: 10 things that will decide stock market action on Tuesday

Indian equities ended lower after erasing early gains, with Sensex falling 172 points and Nifty 33 points. Rising bond yields, Iran sanctions uncertainty and weak Asian markets pressured sentiment. Metals outperformed, while banking stocks lagged. Analysts expect Tuesday volatility.

The Economic Times

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India to give Canada's Fairfax two years to consolidate holdings for IDBI Bank deal: Sources

Fairfax Financial may receive two years to consolidate its Indian bank holdings. This consolidation is necessary for its acquisition of a majority stake in IDBI Bank. The government and Life Insurance Corporation are finalizing this significant transaction. Fairfax currently holds a substantial stake in the smaller lender CSB Bank. The…

The Economic Times

Centre unlikely to dilute strategic sale list despite ministries’ push for review

The government plans to proceed with its strategic sale of public sector enterprises. Ministries have requested reconsiderations, but few changes are expected. IDBI Bank remains the primary focus for a strategic sale process. The Centre aims to boost disinvestment receipts and demonstrate commitment to privatisation. New strategic sale cases will…

The Economic Times

IDBI Bank Q1 Results: Net profit grows 5% YoY to Rs 2,115 crore, NII climbs 10%

IDBI Bank reported a 5% YoY rise in Q1 FY27 standalone net profit to Rs 2,115 crore, while net interest income grew over 10%. Deposits and advances posted healthy growth, asset quality improved year-on-year despite a marginal sequential uptick in NPAs, and capital adequacy remained robust.

The Economic Times

IDBI Bank shares jump 3% as Fairfax set to make biggest foreign investment in Indian lender, buy stake worth Rs 53,000 cr

Fairfax Holdings has been finalized for the IDBI Bank stake sale. This significant deal is expected to be worth approximately Rs 53,000 crore. The government plans to sell its stake, and LIC will also divest shares. Fairfax's offer of Rs 81 per share is higher than last year's bid. This…

The Economic Times

Stocks in news: Groww, Delhivery, Infosys, Wipro, IDBI Bank, Tata Elxsi

Markets traded under pressure amid renewed geopolitical concerns on Tuesday. Several companies like Groww and Infosys will be in focus today. Anand Rathi Share reported a significant profit rise for the June quarter. IDBI Bank clarified reports regarding a potential Fairfax Financial offer. Tata Elxsi announced an 18.2% profit increase…

The Economic Times

India nears accepting sweetened Fairfax offer for IDBI Bank

India's government is nearing acceptance of Fairfax Financial's offer for IDBI Bank. Fairfax may slightly increase its per-share bid for the Mumbai-based lender. This potential transaction represents a significant government-backed disposal of a bank stake. Final approvals are still required from the Indian cabinet and RBI.

The Economic Times

Govt fast-tracks disinvestment process to shore up revenues, garners 31% of budget aim in Q1 FY27

The government is accelerating its disinvestment and asset monetisation drive, achieving 31% of its full-year target in just the first quarter. This rapid pace, with weekly offers for sale, aims to bolster revenues amidst rising subsidy and import costs. Significant funds have already been raised from entities like Coal India…

The Economic Times

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The Economic Times

Ahead of Market: 10 things that will decide stock market action on Tuesday

Indian markets ended higher on Monday, snapping Friday's pause in momentum. Investors will track US-Iran developments, technical levels, sectoral trends, weekly expiry volatility and key stock-specific action on Tuesday. Banking, utilities and healthcare stocks remained supportive, while broader market sentiment stayed positive despite monsoon-related concerns.

The Economic Times

Ahead of Market: 10 things that will decide stock market action on Friday

Indian equities ended higher for a fifth straight session, recovering early losses despite hawkish Federal Reserve comments. Banking stocks led gains, while broader markets stayed positive. Analysts remain optimistic on Nifty's trend but caution that near-term consolidation may follow the recent rally.

The Economic Times

NSE IPO: NIACL, IFCI, other stocks gain up to 14% as NSE files for India's largest IPO. Who's selling stake?

Shares of IFCI, SBI, and other companies saw significant gains on Thursday. This surge followed the National Stock Exchange filing its draft IPO papers. Several companies are named as selling shareholders in the Offer for Sale component. The NSE's public issue is anticipated to be India's largest.

The Economic Times

BSE shares in focus as rival NSE files DRHP with Sebi for mega IPO

BSE shares are under scrutiny as rival NSE files for India's largest IPO. While some see this as a natural reaction, experts believe it offers a direct valuation benchmark. The NSE's IPO, an offer-for-sale by several public sector entities, is expected to list on BSE itself. Investors anticipate a return…

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The Economic Times

NSE IPO: 7 PSU shareholders to offload 8 crore shares in mega public offer

Seven government-owned entities, including State Bank of India and Bank of Baroda, will sell stakes in the National Stock Exchange through its upcoming IPO. This move brings the NSE closer to its listing, anticipated to be India's largest public offering. The exchange, a global leader in equity derivatives, has shown…

The Economic Times

Ahead of Market: 10 things that will decide stock market action on Thursday

Indian equities advanced for a fourth straight session as easing geopolitical tensions, lower crude oil prices, softer bond yields and a stronger rupee boosted sentiment. Gains in IT, metals and PSU banks lifted benchmarks, while India VIX remained subdued amid improving market confidence.

The Economic Times

IDBI Bank share price rockets 19%. What’s triggering the massive surge?

IDBI Bank shares rose sharply on Wednesday, extending a four-session rally amid heavy trading volumes and renewed optimism around the lender’s long-delayed privatisation process. Reports that the government is exploring ways to revive stake-sale discussions, coupled with improving asset quality and strong net interest income growth, boosted investor sentiment.

The Economic Times

10 lowest floating vs fixed home loan interest rates: PNB, ICICI Bank, Bank of Baroda and more

Home loan interest rates: Choosing a home loan involves comparing floating and fixed interest rates. Floating rates can decrease but also increase with RBI policy. Fixed rates offer stable EMIs, which can be beneficial as income grows. ET Wealth Online presents the 10 lowest fixed and floating home loan rates…

The Economic Times

Govt weighs options to revive stalled IDBI Bank privatization

Indian authorities are exploring ways to revive the long-delayed sale of a majority stake in IDBI Bank after bids fell short of expectations earlier this year. Officials are considering lowering the reserve price by up to 20% and reducing reliance on the bank’s market price to make the deal more…

Dynamite News

Consumer Commission: Diabetes, hypertension not grounds for claim rejection

A claim was rejected by the insurance company because the deceased did not disclose that he was suffering from diabetes and hypertension. Read further on Dynamite News:

The Hindu

Here are the big stories from Karnataka today

Karnataka Today newsletter, your guide from The Hindu on the major news stories to follow today.

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