NCLT Rejects IDBI’s Insolvency Plea Against Zee
On Friday, the National Company Law Tribunal (NCLT) dismissed IDBI Bank’s petition to seek insolvency against media giant Zee Entertainment, finding that the petition was...
Tag : idbi bank
Wadia Group Considers a One-time Settlement Offer in GoFirst Crisis
The beleaguered GoFirst airline owner Wadia Group plans to go for a one-time settlement with banks wherein creditors will take a “substantial haircut”, the media report mentioned....
IDBI Bank Q4 Net Profit Up 64% to Rs 1,133 Crore
IDBI Bank reported on April 29 that its stand-alone net profit rose 64.1% to Rs 1,133 crore in the March quarter. Net profit for the...
IDBI Bank Shares Up 10% on Report RBI Has Started Bid Evaluation Process
Shares of state-run lender IDBI Bank surged 13% in intraday trade before closing nearly 10% higher on the BSE on reports that the Reserve Bank...
IDBI Bank Privatisation Follows Strategic Sale Process, DIPAM Says
The Government of India has confirmed that the divestment of IDBI Bank is proceeding according to the defined strategic sale process. The Industrial Development Bank...
Shipping Corporation Shares Soar 10% After Govt Approval of Demerger Plan
Shares of the state-run Shipping Corporation of India (SCI) soared 12% to Rs 128.9 per share in intraday trade on the BSE on Thursday. The...
IDBI Bank, Patanjali Foods Shares Rise After FTSE Listing
Shares of IDBI Bank and Patanjali Foods rose more than 2% on February 20 after being included in the FTSE All World Index. Kotak Mahindra...
Union Budget 2023: Divestment Target Sets at Rs 51,000 Crore in FY24
According to a budget paper released by the finance ministry, the government has set a target of Rs 51,000 crore through the divestment pathway for...
Sebi Approves Govt Stake in IDBI Bank to be Reclassified as ‘Public’
The Securities and Exchange Board of India (SEBI) has allowed the centre to reclassify its stake in IDBI Bank as “public” following the divestment, provided...
NARCL Emerges as Top Bidder for SREI with NPV of Rs 5,555 Crore
National Asset Reconstruction Company Ltd (NARCL) emerged as the top bidder in the auction of two finance firms, Srei Infrastructure Finance and Srei Equipment Finance,...