Try GOLD - Free
LIC to be reclassified public shareholder in IDBI Bank after disinvestment
The New Indian Express Madurai
|August 25, 2025
The Securities and Exchange Board of India (Sebi) has cleared reclassification of the Life Insurance Corporation of India (LIC) as public shareholder in IDBI Bank, a move that paves the way for the lender's strategic disinvestment.
The approval, which comes with a set of conditions, will take effect once the transaction is completed.
In a regulatory filing on August 24, LIC said the Department of Investment and Public Asset Management (DIPAM) had informed it of Sebi's approval, received a day earlier. The decision is a crucial step in the government's plan to privatise IDBI Bank, which was cleared by the Cabinet Committee on Economic Affairs in May 2021.
This story is from the August 25, 2025 edition of The New Indian Express Madurai.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM The New Indian Express Madurai
The New Indian Express Madurai
June next yr timeline set for Maha farm loan waiver: CM
CM Devendra Fadnavis on Friday announced that the state government will complete the farm loan waiver process by the end of June next year. Fadnavis, who had earlier opposed the idea of a waiver, said the decision was made to ensure meaningful relief for farmers. “The farm loan waiver should be done properly so that it helps farmers in a real sense,” he said.
1 min
November 01, 2025
The New Indian Express Madurai
INDUCED RAIN LEAVES A CLOUD OF QUESTIONS
N a region where agriculture, commerce, and culture have been shaped by monsoon rains for millennia, artificially induced precipitation is bound to be seen as a spectacle just short of a miracle.
1 mins
November 01, 2025
The New Indian Express Madurai
HUL gets ₹2k cr tax demand; co set to appeal
Hindustan Unilever (HUL), one of India's largest fast-moving consumer goods (FMCG) companies, has been served with a ₹1,986.25 crore ($238 mn) tax demand for the financial year (FY) 2020-21.
1 min
November 01, 2025
The New Indian Express Madurai
Fiscal deficit widens 21% to ₹5.7L cr in H1
THE Centre's fiscal deficit widened 21% year-on-year in the first six months of the current financial year to ₹5.7 lakh crore as the government accelerated capital expenditure amid muted tax revenue growth.
1 min
November 01, 2025
The New Indian Express Madurai
Guv gives nod to fiscal responsibility & 8 other Bills passed in last session
GOVERNOR R N Ravi has given his assent to nine of the 18 Bills adopted during the winter session of the state Assembly.
1 min
November 01, 2025
The New Indian Express Madurai
NIA court declares Pakistani official proclaimed offender
A special NIA court in Chennai on Wednesday declared Pakistani official Amir Zubair Siddiqui as a proclaimed offender after he failed to honour the court's summons to appear on October 15.
1 min
November 01, 2025
The New Indian Express Madurai
BoB profit slips to ₹4,809 cr despite better asset quality
THE country's second-largest public sector lender Bank of India on Friday reported an 8.2% year-on-year drop in net income at ₹4,809 crore, despite improved asset quality and the resultant sharp 47% drop in provisions, along with stable net interest margin in the September quarter.
1 min
November 01, 2025
The New Indian Express Madurai
MSIL's dominance in smaller car segment to grow as GST cut lifts sales
RC Bhargava, Chairman of Maruti Suzuki India (MSIL), expects the company's dominance in the smaller car segment to grow following last month's reduction in goods and services tax (GST) from 28% to 18%.
1 mins
November 01, 2025
The New Indian Express Madurai
Custodial torture victim seeks transfer of Balveer Singh case to SC/ST court
DURING the hearing of four custodial torture cases involving former Ambasamudram ASP Balveer Singh on Friday, the counsel for the SC victim - one of nearly 10 persons affected -sought the transfer of one of the cases to the Special Court for SC/ST (Prevention of Atrocities) Act cases.
1 mins
November 01, 2025
The New Indian Express Madurai
Ration on doorstep: TN lowers eligibility age from 70 to 65 yrs
THE Tamil Nadu government has lowered the eligibility age for home delivery of PDS (public distribution system) goods for senior citizens from 70 years to 65.
1 min
November 01, 2025
Listen
Translate
Change font size