SShortSingh.
TopTechnologyAI & MLStartupsProgrammingScienceBusinessFinanceCrypto & Web3World
Back to feed
India

Government and LIC sell majority stake in IDBI Bank to Fairfax

0
·1 views

The Indian government and state-owned LIC have agreed to sell a majority stake in IDBI Bank to financial services group Fairfax. The total stake sold amounts to 60.72 percent of the bank's equity. The transaction has an estimated value of approximately 52,878 crore rupees. This sale represents a significant strategic divestment by the government in the banking sector.

Read the full story at NDTV

This is an AI-generated summary. ShortSingh links to the original source for the complete article.

Discussion (0)

Log in to join the discussion and vote.

Log in

Related stories

0
IndiaTimes of India ·

Selena Gomez's Rare Impact Fund Raises Over $30 Million for Youth Mental Health

The Rare Impact Fund, founded by Selena Gomez, is focused on expanding youth mental health resources and education worldwide. It has already raised more than $30 million and works with 30 nonprofit partners across five continents. The fund's long-term goal is to accumulate $100 million to increase access to mental health services. It has recently garnered increased support from corporations and celebrities to help achieve its targets.

0 comments Read more at Times of India
0
IndiaTimes of India ·

NBA's DeAndre Jordan raises $100k, donates shoes for Houston hurricane relief

NBA player DeAndre Jordan raised $100,000 for Hurricane Harvey relief efforts in Houston. He generated the funds through his Rebounds to Rebuild campaign, which tied donations to his on-court performance. Jordan also personally donated 400 pairs of shoes to students at Thompson Elementary. His initiatives aimed to support families affected by the disaster and demonstrate community leadership.

0 comments Read more at Times of India
0
IndiaTimes of India ·

Saratoga Springs mayor halts plan to ease demolition rules for historic buildings

Saratoga Springs Mayor John Safford has suspended proposed changes to historic building demolition regulations due to public opposition. The decision followed a hearing where residents and preservationists voiced strong concerns. Existing demolition protections will stay in place while the city reviews its broader development rules. Safford plans to proceed with revising other sections of the regulations, and a future City Council hearing will allow for additional public feedback.

0 comments Read more at Times of India