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IDBI Bank

Grapevine: LIC to sell stake in IDBI Bank; two left in race for Piramal's glass unit

General

16 September, 2020

Grapevine: LIC to sell stake in IDBI Bank; two left in race for Piramal's glass unit

Life Insurance Corporation of India (LIC) is planning to gradually sell its stake in IDBI Bank nearly two years after ......

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NSE valuation hits new milepost as HNIs lap up shares from institutional backers

Finance

11 September, 2020

NSE valuation hits new milepost as HNIs lap up shares from institutional backers

The National Stock Exchange’s (NSE) valuation has climbed past a new milestone as a number of wealthy individuals have bought ......

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Shree Renuka Sugars makes final stab at debt, hopes to shake off NPA image at last

Manufacturing

21 August, 2020

Shree Renuka Sugars makes final stab at debt, hopes to shake off NPA image at last

Shree Renuka Sugars, one of the top three sugar makers in India that has been working to shed its non-performing ......

Govt keen to speed up stake sale in IDBI Bank, three others

Finance

18 August, 2020

Govt keen to speed up stake sale in IDBI Bank, three others

Indian Prime Minister Narendra Modi's office has asked officials to speed up the process of trimming government stakes in at ......

Grapevine: Practo raises down round; RIL hardnosed on Amazon in Future Retail

General

17 August, 2020

Grapevine: Practo raises down round; RIL hardnosed on Amazon in Future Retail

Online healthcare portal Practo has raised $32 million (Rs 240 crore) in a new round of funding led by Chinese ......

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PE, M&A deals in financial sector sink but GIC, CPPIB bet more

Finance

21 July, 2020

PE, M&A deals in financial sector sink but GIC, CPPIB bet more

The number of private equity deals, mergers and acquisitions in the financial services sector touched the lowest level in at ......

IDBI Bank to pare stake in insurance JV with Ageas, Federal Bank

Finance

29 June, 2020

IDBI Bank to pare stake in insurance JV with Ageas, Federal Bank

IDBI Bank has approved selling a 27% stake in its life insurance joint venture with Federal Bank and Belgium’s Ageas ......

Kotak stressed assets fund pulls Jindal Stainless out of debt rejig

Manufacturing

02 March, 2020

Kotak stressed assets fund pulls Jindal Stainless out of debt rejig

The distressed assets fund of Kotak Investment Advisors announced its debut deal with a Rs 500 crore ($69 million) investment ......

Grapevine: Apax, others eye CSS Corp; Adani may infuse funds in Simplex Infra

General

20 February, 2020

Grapevine: Apax, others eye CSS Corp; Adani may infuse funds in Simplex Infra

Private equity funds including Apax Partners and Kedaara Capital are in early discussions to acquire US-headquartered IT company CSS Corp., ......

Budget 2020: Govt to sell stake in LIC, doubles disinvestment target

Finance

01 February, 2020

Budget 2020: Govt to sell stake in LIC, doubles disinvestment target

The government has doubled its disinvestment target for the next fiscal year to Rs 2.1 trillion (about $29.36 billion) to ......