BUSINESS
IDBI Bank strategic sale likely to conclude by October: Govt sources
The assurance comes as the Inter-Ministerial Group (IMG) on disinvestment met on July 9 to discuss the draft Share Purchase Agreement, a crucial milestone before final approvals are sought from higher authorities.
BUSINESS
Govt plans Rs 45,000 crore capital raise by PSBs in FY26; SBI to lead with Rs 20,000 crore QIP
Financial Services department has authorised a stake sale in Life Insurance Corporation (LIC) through OFS, the senior government source informed.
BUSINESS
FATF flags state-sponsored terrorism as global risk, echoes India’s concerns on Pakistan
First-ever reference to state-backed terror in FATF report reinforces India’s 2022 national risk assessment of money laundering and terrorist financing findings on Pakistan
BUSINESS
GST Council meeting likely only after monsoon session as key GoM reports awaited
The GoM on rate rationalisation is still to agree on the proposed three-rate structure, as the issue of retaining or doing away with the 12% slab remains unresolved
BUSINESS
PSU banks disinvestment moves ahead, govt panel to appoint advisers today
The government is looking at diluting stakes in Bank of Maharashtra, Indian Overseas Bank, UCO Bank, Central Bank of India, and Punjab and Sind Bank
BUSINESS
India’s policy response to trade restrictions has focused on market diversification: FM Sitharaman
The minister was speaking at the BRICS Finance Ministers and Central Bank Governors (FMCBG) meeting held in Rio de Janeiro, Brazil.
BANKS
Inter-ministerial group to meet today, to discuss IDBI Bank's strategic sale
The financial bids are expected to be invited from shortlisted suitors soon, a government official said
BUSINESS
India unlikely to enter India-US trade deal at any cost, pact must be fair, strategic: CII President Rajiv Memani
CII President Rajiv Memani calls for GST 2.0 reforms, expanded PLI schemes beyond electronics, and urgent action on pharma APIs to safeguard India’s economic growth and competitiveness
BUSINESS
New Development Bank needs to play catalytic role in unlocking private sector capital: FM
Nirmala Sitharaman was speaking at the 10th Annual Meeting of the Board of Governors of NDB in Rio de Janeiro, Brazil.
BUSINESS
Govt invites new merchant bankers, transaction advisors for RCF, NFL OFS
Move marks revival of eight-year-pending stake sale in fertiliser PSUs; OFS could follow within a month of appointments if market conditions permit
BUSINESS
India–US mini trade pact likely to leave tricky sectors for later: CII President
This phased structure allows negotiators to deliver immediate commercial benefits while leaving room for deeper consensus-building on complex sectors.
BUSINESS
Govt defers divestment of former Air India subsidiaries amid regulatory hurdles, weak investor sentiment
Senior government officials told Moneycontrol that investors have raised concerns over the lack of segregation of assets, financials, and non-core components in the Public Sector Undertakings, making it difficult to assess their valuation.
BUSINESS
GST @ 8: From unified tax roll-out to roadmap for future reform
The government aims to further reduce ceiling slabs, streamline exemption lists, and rationalise high-rate items
BUSINESS
Credit rating agencies’ methodologies fail to reflect India’s growth, fiscal strength: FM
India renews push for reform of global credit rating system to lower emerging markets’ financing costs
BUSINESS
Current 4% inflation targeting framework should be retained: Sanjeev Sanyal
Instead of revising the target band, Sanyal calls for modernising the Consumer Price Index basket and base year to reflect current consumption trends more accurately.
BUSINESS
Internal rules of ICAI, bar councils restrict emergence of India’s Big 7: Sanjeev Sanyal
'It is not a big four, it has to be a big 4 plus three, because it is a big four of audit firms plus three global consultancies,' says Sanyal
BUSINESS
India needs 4-pronged strategy for energy security, says Sanjeev Sanyal
Need for renewables, domestic finds, diversified imports and reserves are some of the steps that India needs to take to secure its energy needs, Sanyal tells Moneycontrol
BUSINESS
India needs export push, FTAs to power growth beyond 7%: Sanjeev Sanyal
The PM-EAC member outlines India’s plan to counter global crude shocks, sustain growth and navigate trade uncertainties in an interview to Moneycontrol
BUSINESS
Central Bank of India partners with Italy’s Generali to strengthen insurance business
The transaction has already received the necessary regulatory clearances, including approval from the Reserve Bank of India (RBI)
BUSINESS
Concerned over unreasonably high insurance premiums, seek faster claims disposal to boost coverage: DFS Secy
There is a need to curb insurance misselling and ensure that premiums in India are low so that coverage can increase, M Nagaraju said.
BUSINESS
Crypto paper may flag tech benefits but will stop short of firm regulatory view
The first draft of the discussion paper, expected to be out in July, will likely outline the technological benefits of certain cryptos such as stablecoins, without taking a stand on regulation, given the RBI's resistance to this asset class
BUSINESS
LIC, IDBI stake sales expected to help Centre surpass FY26 disinvestment target
Government expects up to Rs 80,000 crore from disinvestment in LIC and IDBI, the two key transactions, against the Rs 47,000 crore Budget target for capital receipts
BUSINESS
Nirmala Sitharaman hails 'resilient' exporters, promises all support in face of global challenges
Nirmala Sitharaman also said trade talks with the US are ongoing and are likely to conclude soon
BUSINESS
iPhone manufacturers cross 20% local sourcing from India, says Nirmala Sitharaman
Apple has scaled up domestic value addition and component manufacturing as global supply chains realign
