IDBI

has emerged as the highest bidder for JBF Petrochemicals with a ₹1,800-crore resolution plan that is the best of the three offers received for the bankrupt company at the expiry of the August 30 bid deadline, sources in the know told…

NEW DELHI: Setting the stage for commencing the sale of government and LIC shares in IDBI Bank, RBIis willing to relax the cap on maximum shareholding, provided they submit a plan for phased reduction of equity. The banking regulator…

The deadline for submission of bids for debt-ridden () ends on Monday amid concerns of investors over the company's most-valuable arm Reliance General Insurance Company. Trusteeship Services Limited acting in its capacity as a…

Ltd.’s chief executive officer said the lender is likely to recoup 195 billion rupees ($2.4 billion) on soured debt in his pitch to potential buyers amid India’s planned auction of the firm. “We are sitting on about 780 billion rupees…

Capital markets regulator Sebi on Monday imposed a fine of Rs 1 lakh on Trusteeship Services for non-compliance of debenture trustee norms and directed the entity to pay the amount within 45 days. The order came after Sebi carried out…

has made a renewed attempt to sell its holding of Rs 3,400 crore of secured bonds issued by Reliance Capital, the finance company currently undergoing insolvency proceedings, said two people aware of the development. Capital Markets,…

The Centre is learnt to have reached out to global buyout funds and financial institutions, such as the Carlyle Group, TPG Capital and Prem Watsa-controlled Fairfax Holdings, to gauge investor interest in buying majority stakes held…

Mumbai: Life Insurance Corporation has said it has not received any timeline from the government for the stake sale in its subsidiary IDBI Bank. owns 49.2 per cent of the lender and the government and public own the remaining…

has lined up investments of over Rs 900 crore over the coming two fiscal years to increase its manufacturing capacity for MDF (Medium Density Fibreboard) and laminates as its plants run close to full capacity. The company will be…

Some brokerages have trimmed their target price on after the information technology major's June quarter profit fell short of analysts' estimates. Shares of Infosys ended down 0.23% at ₹1,502.85 on Monday. Prabhudas Lilladher has…