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India probes debt trustee units of SBI, Axis, IDBI on suspected fee cartel - Reuters Excl

Finance

06 April, 2022

India probes debt trustee units of SBI, Axis, IDBI on suspected fee cartel - Reuters Excl

India's antitrust body is investigating the trustee units of State Bank of India, Axis Bank and IDBI Bank for suspected ......

India's IPO-bound LIC may not sell entire stake in IDBI Bank - chairman

Finance

21 February, 2022

India's IPO-bound LIC may not sell entire stake in IDBI Bank - chairman

State-run Life Insurance Corp of India (LIC), which is planning the country's largest IPO next month, may not sell its ......

IDBI Bank invites bids for its stake in Avenue Capital-backed Arcil

Finance

18 June, 2021

IDBI Bank invites bids for its stake in Avenue Capital-backed Arcil

IDBI Bank has invited bids for around 19% stake in Avenue Capital-backed Asset Reconstruction Company (India) Limited (Arcil) in order ......

Grapevine: Flipkart to raise funding; Gemini Edibles ropes in banks for IPO

General

11 May, 2021

Grapevine: Flipkart to raise funding; Gemini Edibles ropes in banks for IPO

Walmart-owned ecommerce firm Flipkart is looking to raise over $1 billion from a clutch of new investors before a potential ......

Central govt gives in-principle nod for strategic divestment in IDBI Bank

Finance

06 May, 2021

Central govt gives in-principle nod for strategic divestment in IDBI Bank

The government has given an in-principle approval for strategic divestment along with transfer of management control of IDBI Bank Ltd, ......

India likely to announce stake sales of IDBI Bank, LIC

Finance

28 January, 2021

India likely to announce stake sales of IDBI Bank, LIC

India's government plans to announce the sale of a 10% to 15% stake in state-run Life Insurance Corp, the country's ......

Grapevine: Adani, others bid for solar tender; IDBI Bank to complete stake sale in JV

General

31 December, 2020

Grapevine: Adani, others bid for solar tender; IDBI Bank to complete stake sale in JV

The Adani Group has bid for the entire 6.4 gigawatt (GW) capacity aimed at powering the farms of Andhra Pradesh ......

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Sachin Bansal's Navi eyes two insurers as talks for another hit a wall

Finance

27 October, 2020

Sachin Bansal's Navi eyes two insurers as talks for another hit a wall

Navi Technologies Pvt. Ltd, the financial services company set up by Flipkart co-founder Sachin Bansal, has set sights on two ......

Grapevine: Amazon hires AZB in Future case; Tiger Global-backed OkCredit weighs merger

General

16 October, 2020

Grapevine: Amazon hires AZB in Future case; Tiger Global-backed OkCredit weighs merger

Amazon.com Inc. has hired law firm AZB Partners to challenge Future Group’s sale of its retail business to Reliance Industries ......

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PE, M&A deals in financial services sector remain in the doldrums

Finance

13 October, 2020

PE, M&A deals in financial services sector remain in the doldrums

The number of private equity deals and mergers and acquisitions (M&As) in the banking, financial services and insurance (BFSI) sector ......