Poging GOUD - Vrij
LIC to be reclassified public shareholder in IDBI Bank after disinvestment
The New Indian Express Kollam
|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 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.
Dit verhaal komt uit de August 25, 2025-editie van The New Indian Express Kollam.
Abonneer u op Magzter GOLD voor toegang tot duizenden zorgvuldig samengestelde premiumverhalen en meer dan 9000 tijdschriften en kranten.
Bent u al abonnee? Aanmelden
MEER VERHALEN VAN The New Indian Express Kollam
The New Indian Express Kollam
Industry bodies seek biz-friendly tax regime
AS the finance ministry is gearing up for the next Union Budget, industry chambers like CII, ASSOCHAM, PHDCCI, FICCI called for a more predictable and business-friendly direct tax regime with more focus on faster dispute resolution and employment boost.
1 mins
November 04, 2025
The New Indian Express Kollam
GUJARAT CID BUSTS ₹200 CRORE CYBER RACKET WITH INTERNATIONAL LINKS
GUJARAT CID (Crime) and the Railways' cyber centre have busted a ₹200-crore cybercrime racket with tentacles stretching from Gujarat to Dubai.
1 min
November 04, 2025
The New Indian Express Kollam
City Union Bank profit up 15% at ₹329 cr on interest income, better asset quality
KUMBAKONAM.based private lender City Union Bank on Monday reported 15% rise in net profit from ₹285 crore in Q2FY25 to ₹329 crore Q2FY26, driven by an increase in interest income and better asset quality.
1 min
November 04, 2025
The New Indian Express Kollam
₹1L cr fund to boost pvt investment in research
PRIME Minister Narendra Modi on Monday launched a ₹1 lakh crore Research, Development and Innovation Scheme for high-risk and high-impact projects, marking a significant shift in India's research sector.
2 mins
November 04, 2025
The New Indian Express Kollam
Tejashwi, Tej Pratap fight it out as rift in Lalu family widens
RJD chief Lalu Prasad's estranged son and former minister Tej Pratap Yadav on Monday hit back at his younger brother Tejashwi Prasad Yadav following the latter's remark that \"party is his parent\".
1 mins
November 04, 2025
The New Indian Express Kollam
India plans to bring eight cheetahs from Botswana
INDIA plans to bring another batch of eight cheetahs from Botswana by the third week of December that are currently under quarantine.
1 min
November 04, 2025
The New Indian Express Kollam
SC rejects creditor's plea against Aakash rights issue
THE Supreme Court on Monday dismissed an appeal filed by US-based lender GLAS Trust Company LLC, a creditor of Think & Learn Pvt Ltd, parent company of BYJU’s, against the rights issue proposed by Aakash Educational Services Limited (AESL), clearing the way for the capital raise that will reduce Byju’s holding in the company from 25.75% to about 5%.
1 mins
November 04, 2025
The New Indian Express Kollam
K Vijaya Kumar appointed as CEO of IIMS
AS India embarks on an infrastructure and mining expansion, Innovative Infra & Mining Solutions (IIMS), part of the diversified CKA Birla Group, has appointed industry veteran K Vijaya Kumar as its new CEO.
1 min
November 04, 2025
The New Indian Express Kollam
Chief secys say sorry for not filing compliance report in stray dog case
THE chief secretaries of states and Union Territories have tendered an unconditional apology before the Supreme Court for not filing a compliance affidavit on the issue of the menace of stray dog bites.
1 min
November 04, 2025
The New Indian Express Kollam
A LINGUISTIC GAME OF DEFINITIONS
OFTENTIMES definitions can limit you, imposing unnecessary constraints, enclosing things within the four corners of a narrow, arbitrary boundary that you set for yourself. Other times, they provide no real meaning as the thing defined may not mean anything by itself.
3 mins
November 04, 2025
Listen
Translate
Change font size