Get all your news in one place.

100's of premium titles.
One app.

Get all your news in one place.

100's of premium titles. One news app.

The Economic Times

Business

Cabinet approves Rs 52,878 crore IDBI Bank sale to Fairfax arm in India’s largest financial-sector FDI

IDBI Bank Fairfax Union Cabinet Ashwini Vaishnaw India Reserve Bank of India Cabinet Committee on Economic Affairs LIC Life Insurance Corporation of India CCEA

The Union Cabinet on Wednesday approved the sale of a 60.72% stake in IDBI Bank to Fairfax Financial Holdings’ subsidiary, M/s 10955230 Canada Inc., for Rs 52,878.08 crore, paving the way for a major restructuring of the lender.

The Cabinet Committee on Economic Affairs (CCEA) led by Prime Minister Narendra Modi approved the Canadian entity as the strategic buyer.

Sign up to read this article

Read news from 100's of titles, curated specifically for you.

Already a member? Sign in here

Top stories on inkl right now

Why won’t India’s election chief resign despite massive protests against him?

Why won’t India’s election chief resign despite massive protests against him?

As demonstrations sweep India demanding Gyanesh Kumar’s ouster for allegedly manipulating voter rolls, analysts tell Namita Singh the confrontation is about far more than one official

The Independent UK

Ken Paxton stirs vaccine skepticism to ingratiate himself with Maha movement

Ken Paxton stirs vaccine skepticism to ingratiate himself with Maha movement

Texas AG and US Senate hopeful announced inquiry into alleged conspiracy between pediatricians, vaccine makers and insurance firms

The Guardian - US

Five Probable Measles Cases in One Rock County Household Have No Known Link to Southwest Wisconsin Outbreak

Five Probable Measles Cases in One Rock County Household Have No Known Link to Southwest Wisconsin Outbreak

Five probable measles cases in one Rock County, Wisconsin, household are not tied to the state's larger outbreak. Here is what families should check.

France and Chad sign 'renewed' defence partnership following two-year hiatus

France and Chad sign 'renewed' defence partnership following two-year hiatus

French President Emmanuel Macron on Tuesday hosted Chadian leader Mahamat Idriss Déby Itno, as the two countries seek to rebuild ties two years after N'Djamena ordered French forces to leave its territory. The countries' defence ministers signed a declaration of intent to structure their defence cooperation "on a renewed basis".

Radio France Internationale

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

Airlines Face Israel Crew Rules: After flydubai incident, Air France bans Pakistani, Muslim-majority pilots

Airlines Face Israel Crew Rules: After flydubai incident, Air France bans Pakistani, Muslim-majority pilots

Air France has confirmed it is complying with new Israeli restrictions that bar flight crew members from certain nationalities from operating flights to Israel, a policy that reportedly affects citizens of 31 countries, most of them Muslim-majority nations, including Pakistan, Iran, Saudi Arabia, Algeria and Tunisia.

The Times of India

First Thing: Pope Leo recovering from surgery after lung cancer diagnosis

First Thing: Pope Leo recovering from surgery after lung cancer diagnosis

Vatican says operation on US-born head of Roman Catholic church was ‘successful’

The Guardian - UK

Related Stories

Top stories on inkl right now

Why won’t India’s election chief resign despite massive protests against him?

Why won’t India’s election chief resign despite massive protests against him?

As demonstrations sweep India demanding Gyanesh Kumar’s ouster for allegedly manipulating voter rolls, analysts tell Namita Singh the confrontation is about far more than one official

The Independent UK

Ken Paxton stirs vaccine skepticism to ingratiate himself with Maha movement

Ken Paxton stirs vaccine skepticism to ingratiate himself with Maha movement

Texas AG and US Senate hopeful announced inquiry into alleged conspiracy between pediatricians, vaccine makers and insurance firms

The Guardian - US

Five Probable Measles Cases in One Rock County Household Have No Known Link to Southwest Wisconsin Outbreak

Five Probable Measles Cases in One Rock County Household Have No Known Link to Southwest Wisconsin Outbreak

Five probable measles cases in one Rock County, Wisconsin, household are not tied to the state's larger outbreak. Here is what families should check.

France and Chad sign 'renewed' defence partnership following two-year hiatus

France and Chad sign 'renewed' defence partnership following two-year hiatus

French President Emmanuel Macron on Tuesday hosted Chadian leader Mahamat Idriss Déby Itno, as the two countries seek to rebuild ties two years after N'Djamena ordered French forces to leave its territory. The countries' defence ministers signed a declaration of intent to structure their defence cooperation "on a renewed basis".

Radio France Internationale

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

Airlines Face Israel Crew Rules: After flydubai incident, Air France bans Pakistani, Muslim-majority pilots

Airlines Face Israel Crew Rules: After flydubai incident, Air France bans Pakistani, Muslim-majority pilots

Air France has confirmed it is complying with new Israeli restrictions that bar flight crew members from certain nationalities from operating flights to Israel, a policy that reportedly affects citizens of 31 countries, most of them Muslim-majority nations, including Pakistan, Iran, Saudi Arabia, Algeria and Tunisia.

The Times of India

First Thing: Pope Leo recovering from surgery after lung cancer diagnosis

First Thing: Pope Leo recovering from surgery after lung cancer diagnosis

Vatican says operation on US-born head of Roman Catholic church was ‘successful’

The Guardian - UK

Our Picks

'Not Sexy': Dakota Johnson Reveals the Surprising Truth About Sex Scenes and Her First Intimacy Coordinator

Dakota Johnson has described intimate scenes as carefully planned, uncomfortable work, while praising her first intimacy coordinator and discussing body confidence and lessons from her mother, Melanie Griffith.

International Business Times UK

Smoking may affect fertility in both men and women, new study finds

Scientists said the study could help us understand the links between smoking and infertility

The Independent UK

Warner Music Sues Ray-Ban Owner Over Unlicensed Taylor Swift Clips

A Warner Music lawsuit accuses firms linked to Ray-Ban owner EssilorLuxottica of using 427 copyrighted works in social media adverts without permission.

International Business Times UK

NYC woman orders birthday cake for husband. Then she opens box and realizes bakery followed her decorating instructions a little too literally

It took a while for her husband to realize the mistakes on his cake.

We Got This Covered

Palantir’s CTO claims AI researchers are smoking to prove they believe AI will cure cancer, and he says it’s a sign of tech-fueled ‘mass psychosis’

Sankar attacked AI doomers in a recent interview.

Spider-Man’s 1,000th issue: the enduring appeal of the tortured Hamlet of superheroes

This autumn marks a special occasion in the Marvel universe: Spider-Man, perhaps the most popular superhero of all time, has reached issue #1,000 in the comics series.

The Conversation

Fourteen days free

Download the app

One app. One membership.
100+ trusted global sources.

Download on the AppStore

Get it on Google Play