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ArticleFair­fax to take reins at IDBI Bank

The gov­ern­ment on Wed­nes­day approved the sale of a 60.72 per cent stake in IDBI Bank, jointly held by the Gov­ern­ment of India and Life Insur­ance Cor­por­a­tion of India (LIC), to Toronto-based Fair­fax Fin­an­cial Hold­ings for ~52,878 crore...

ArticleJio Plat­forms set to bring India’s biggest IPO on Octo­ber 21

ArticleFrom indus­trial lender to com­mer­cial bank

Estab­lished on July 1, 1964, to fin­ance India’s indus­trial ambi­tions, IDBI evolved from a devel­op­ment fin­ance insti­tu­tion into a com­mer­cial bank in 2004, expand­ing into depos­its and retail lend­ing as the dis­tinc­tion between the two...

ArticleWPI infla­tion surged to 11.39% in Septem­ber

Whole­sale price index (Wpi)-based infla­tion rose to 11.39 per cent in Septem­ber — its highest level in the 2022-23 series — driven by a broad-based increase in prices of food, fuel and man­u­fac­tured goods, accord­ing to data released by the...

ArticleGoyal: Work­ing ‘once again’ on China ties

India was work­ing to develop rela­tions with China “once again”, Union Com­merce and Industry Min­is­ter Piy­ush Goyal said on Wed­nes­day, adding that the last word had not been writ­ten on this jour­ney yet. “We are open to all coun­tries as long as...

ArticleGovt pro­poses BS-VII norms from Apr ’29

The gov­ern­ment has pro­posed intro­du­cing BS-VII emis­sion norms for pas­sen­ger vehicles from April 1, 2029, bring­ing brake and tyre pol­lu­tion, tougher real-world emis­sions checks, and bat­tery dur­ab­il­ity under a wider reg­u­lat­ory...