IDBI Bank
Economy
Govt set to miss FY24 divestment targets by more than half
India will struggle to raise even half the proceeds it had targeted from planned sales of state-run firms this year ......
Finance
Govt cancels bid process to hire valuer for IDBI Bank sale
The Indian government has cancelled the bidding process to hire an asset valuer for its planned IDBI Bank share sale, ......
Finance
Government unlikely to sell stake in IDBI Bank this fiscal
The Indian government does not expect to conclude the sale of IDBI Bank by the end of the financial year ......
Infrastructure
Go First lenders approve $55 mn fund infusion to revive bankrupt airline
Lenders to India's Go First, which is under bankruptcy protection, have approved interim funding of 4.50 billion rupees ($54.9 million) ......
TMT
Zee insolvency case: NCLT dismisses IDBI Bank's plea
The National Company Law Tribunal (NCLT), on Friday, rejected IDBI Bank's insolvency plea against Zee Entertainment. The bank had applied ......
General
Grapevine: Warburg, Kedaara eye Watertec; Actis, KKR look at Macquarie road assets
Private equity firms Warburg Pincus and Kedaara Capital are in separate talks to buy bath fittings and accessories maker Watertec ......
Finance
RBI evaluates Fairfax-backed bank, other potential bidders for IDBI Bank
The Reserve Bank of India (RBI) has begun evaluating at least five potential bidders interested in picking up a majority ......
Finance
Carlyle, Fairfax, DBS likely to bid for IDBI Bank stake
Carlyle Group, Fairfax Financial Holdings, and DBS Bank are considering to bid for at least 10% each in IDBI Bank ......
Finance
NSDL initiates talks with investment banks for IPO
National Securities Depository Ltd (NSDL), India’s first and biggest depository services company, has initiated talks with investment banks for an ......
Finance
Avenue Capital hikes stake in Mumbai-based ARC
US-based Avenue Capital has acquired additional stake in Asset Reconstruction Company (India) Ltd (Arcil) from public sector lender IDBI Bank, ......
