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The Latest Breaking News from Fairfax

IIFL Finance dismisses reports on Fairfax planning company exit to fund IDBI Bank deal

IIFL Finance denied reports of Fairfax exiting the company. These reports suggested a stake sale to fund an IDBI Bank acquisition. Blackstone is reportedly in talks with Fairfax for this stake. This potential deal comes as India's financial sector attracts acquisitions. Blackstone previously invested in Federal Bank last year.

The Economic Times

IDBI Bank shares crash 11% amid price concerns as Fairfax deal moves closer

IDBI Bank shares fell sharply as investors focused on Fairfax Financial Holdings’ reported Rs 81-per-share offer for a 60.72% controlling stake. The proposed Rs 53,000-crore deal and potential CSB Bank merger are key developments for investors.

The Economic Times

Fairfax to exit IIFL Finance before likely IDBI Bank deal; Blackstone emerges as suitor

Fairfax Financial Holdings is considering selling its IIFL Finance stake. This move supports its planned acquisition of IDBI Bank Ltd. The Canadian firm is in talks with private equity firms for this potential sale. This transaction is part of a larger strategy for the Indian banking sector. The company aims…

The Economic Times

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Alan Jones and fellow 2GB host referred to SMH and reporter as ‘pigs in the media’, court hears

Jason Morrison, a former presenter at the Sydney radio station, denies ‘tailoring his evidence’ during trial of veteran shock jock Jones

The Guardian - AU

India to give Canada's Fairfax two years to consolidate holdings for IDBI Bank deal: Sources

Fairfax Financial may receive two years to consolidate its Indian bank holdings. This consolidation is necessary for its acquisition of a majority stake in IDBI Bank. The government and Life Insurance Corporation are finalizing this significant transaction. Fairfax currently holds a substantial stake in the smaller lender CSB Bank. The…

The Economic Times

Centre unlikely to dilute strategic sale list despite ministries’ push for review

The government plans to proceed with its strategic sale of public sector enterprises. Ministries have requested reconsiderations, but few changes are expected. IDBI Bank remains the primary focus for a strategic sale process. The Centre aims to boost disinvestment receipts and demonstrate commitment to privatisation. New strategic sale cases will…

The Economic Times

CCI clears Go Digit Infoworks merger with insurer; Fairfax entity to hold 57.28% stake

The Competition Commission of India approved Go Digit Infoworks' merger with Go Digit General Insurance. This transaction will see Go Digit Infoworks Services merge into the insurer, which remains the surviving entity. Following the merger, the Fairfax group entity will hold a majority stake in Go Digit General Insurance. Separately,…

The Economic Times

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IDBI Bank shares jump 3% as Fairfax set to make biggest foreign investment in Indian lender, buy stake worth Rs 53,000 cr

Fairfax Holdings has been finalized for the IDBI Bank stake sale. This significant deal is expected to be worth approximately Rs 53,000 crore. The government plans to sell its stake, and LIC will also divest shares. Fairfax's offer of Rs 81 per share is higher than last year's bid. This…

The Economic Times

India nears accepting sweetened Fairfax offer for IDBI Bank

India's government is nearing acceptance of Fairfax Financial's offer for IDBI Bank. Fairfax may slightly increase its per-share bid for the Mumbai-based lender. This potential transaction represents a significant government-backed disposal of a bank stake. Final approvals are still required from the Indian cabinet and RBI.

The Economic Times

A right mess: how mining, media and political interests are combining to influence public debate in Australia

Mining billionaire Gina Rinehart is bankrolling the acquisition of a 9.5% stake in Southern Cross Media by Bruce McWilliam, who worked for Murdoch’s News Corp for nine years and is also a former Seven Network executive.

The Conversation

VIC:Media boss accused of bashing wife can go to Byron Bay

A media mogul will be allowed to travel interstate to Byron Bay as he faces charges of assaulting and unlawfully imprisoning his wife.

AAP

Media boss accused of bashing wife can go to Byron Bay

A media mogul will be allowed to travel interstate to Byron Bay as he faces charges of assaulting and unlawfully imprisoning his wife.

AAP

Gina Rinehart bankrolls purchase of 10% stake in Seven network owner Southern Cross Media

The $26m deal involving media executive Bruce McWilliam signifies return to media business for mining billionaire after previous holdings in Fairfax and Ten

The Guardian - AU

Govt weighs options to revive stalled IDBI Bank privatization

Indian authorities are exploring ways to revive the long-delayed sale of a majority stake in IDBI Bank after bids fell short of expectations earlier this year. Officials are considering lowering the reserve price by up to 20% and reducing reliance on the bank’s market price to make the deal more…

The Economic Times

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AAP

Assault charges against media boss detailed in court

Antony Catalano's full assault charges have been made public after the media boss was excused from attending court in person because of mental health concerns.

The Guardian - AU

ACM to brief staff after co-owner Antony Catalano charged with assault of a woman

Australian Community Media says employee ‘wellbeing’ top priority amid ‘shock and deep concern’ over 59-year-old’s charges

AAP

Media mogul placed on leave after violence allegations

A regional newspaper mogul has been placed on leave after being arrested and charged with violence offences against a woman.

Guitar World

"A triumphant first all-analog pedal from Strymon, which will inject your rig with some impressively usable and versatile drive tones": Strymon Fairfax Class A Output Stage Drive pedal review

Strymon's unexpected departure from its usual DSP-led design is a recreation of Randy Bachman's Garnet Herzog – and the result is something rather stellar

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The Guardian - AU

Angus Taylor will challenge for the Liberal leadership – but who will be the deputy?

Contenders for next deputy opposition leader include Jane Hume, Tim Wilson and Ted O’Brien

MusicRadar

"Like a good valve amp, it responds to your pick attack and guitar volume with proper character": Strymon Fairfax Class A Output Stage Drive pedal

The Californian pedal experts ditch digital in favour of a distinctive voiced all-analogue drive

Barchart

Looking for the Next Berkshire Hathaway? Experts Are Circling In on This 1 Little-Known Stock

Fairfax is an insurance giant that has delivered stellar returns to shareholders over the past decade. Could it be the next Berkshire Hathaway?

MusicRadar

“Man, this thing is such a chameleon. It can be a creamy and gooey boost that works great with any style of amp, and it can also breathe saturated fire”: Strymon goes analogue drive crazy, promising Randy Bachman-style tones and more from the Fairfax

The Fairfax Class A Output Stage Drive replicates the old-school mojo of the vintage Garnet Amplifiers' Herzog tube drive, and is the first release in Strymon's new Series A range of analogue pedals

Kiplinger

With Buffett Retiring, Should You Invest in a Berkshire Copycat?

Warren Buffett will step down at the end of this year. Should you explore one of a handful of Berkshire Hathaway clones or copycat funds?

The Conversation

Independents will not help form government – but they will be vital in holding it to account

When the newspapers delivered their standard election-eve editorials, there were few surprises. Former Fairfax papers and smaller outlets offered qualified support for Labor, while the News Corp papers unashamedly championed the Coalition. In Adelaide, The Advertiser ran a curious line recommending a majority government of whatever persuasion, “lest our futures…

The Guardian - AU

Pro-Israel group who complained about Lattouf’s ABC employment claim Age and SMH breached suppression order

Editors, two reporters and lawyers among the individuals pro-Israel group says should be referred for potential contempt of court

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