Idbi

The appellate tribunal has also sought the responses of ZEEL in the appeals and adjourned to case to January 8.

Moneycontrol Selects: Top stories this morning

Our specially curated package of the top stories to help you stay well-informed.

Zee-Sony merger: NCLAT transfers Axis Finance & IDBI appeals to chairperson-led bench

The Zee-Sony merger challenges have been transferred to a new bench for the third time in under a month due to various circumstances, including a resignation and contempt proceedings.

Q2 Earnings Highlights: ICICI Bank's net profit rises 36% to Rs 10,261 crore, NII up 24%

Q2 Earnings Highlights: The bank's asset quality showed an improvement, with a gross NPA ratio of 2.48% as of the end of September, down from 2.76% at the end of June.

Zee-Sony merger: NCLAT defers hearing on ZEEL case to October 31

The National Company Law Tribunal (NCLT) had on August 10 approved the merger of Zee Entertainment and Sony Pictures Networks India (SPNI), paving the way for the creation of a $10-billion media giant in the country

IDBI Bank stake sale may be delayed, could conclude in FY25

The bidders of the bank are still undergoing fit and proper assessment, seven months after the EOIs were submitted on January 7, 2023.

NCLAT lists IDBI appeal against Zee for hearing tomorrow

In May 2023, the NCLT at Mumbai refused to entertain IDBI's plea noting that it was barred under Section 10A of the Insolvency & Bankruptcy Code (IBC).

LIC Mutual Fund completes merger of IDBI Mutual Fund schemes

With this merger, investors who have invested in IDBI MF schemes will get access to LIC MF's diversified basket of product offerings covering equity, debt, hybrid, solution-oriented themes, ETF and Index funds.

LIC Mutual Fund set to acquire schemes of IDBI Mutual Fund

As per the scheme of arrangement, LICMF will manage, operate, and administer all of IDBIMF’s schemes. IDBIMF's unitholders have been offered the option to exit their investments without paying an exit load.

NCLT rejects IDBI insolvency plea against Zee

Section 10A mandates no application for initiation of corporate insolvency resolution process (CIRP) can be filed against any debtor by any financial and operational creditor for any default arising on or after March 25, 2020, for a period of one year.

Former IDBI GM conspired with Vijay Mallya over short term loan to Kingfisher Airlines: CBI

Vijay Mallya is an accused in the alleged Rs 900-crore IDBI Bank-Kingfisher Airlines loan fraud case, which is being probed by the CBI. The Central agency had recently filed a supplementary chargesheet before a special CBI court here.

LIVE | Government of India's divestment plan for 2023-2024 – IDBI Bank divestment and more

India has honed its processes to handle complicated divestments. Since 2019, a slew of changes have been brought in to make the process transparent and competitive. IDBI Bank divestment will be the first of its kind and is likely to be concluded by the first half of 2023-24. Catch this LIVE interview with Tuhin Kanta Pandey, Secretary, Department of Investment and Public Asset Management (DIPAM) for details.

Moneycontrol Selects: Top stories this evening

Our specially curated package of the most interesting articles to help you stay at the top of your game.

Moneycontrol Daily: Your Essential 7

A daily round-up of the most interesting articles to help jump-start the day.

Govt to soon invite bids for IDBI Bank privatisation: DIPAM Secretary Tuhin Pandey

The RBI in March 2021 removed IDBI Bank from its enhanced regulatory supervision PCA framework after nearly four years on improved financial performance.

IDBI Bank divests entire 19.18% stake in ARCIL

IDBI Bank on Wednesday said it has divested its entire stake of over 19% in ARCIL to Avenue India Resurgence Pte.

Punjab National Bank, IDBI, Bank of India among others exit ARCs as they move to set up ‘Bad Bank’

Punjab National Bank had put out its stake of 10.01 percent in Arcil, one of the oldest ARCs of India, for sale.

IBBI proposes changes to regulations governing voluntary liquidation process

Public comments on the discussion paper have been sought till December 15.

Interview | RailTel, IRFC IPOs in pipeline; govt has limited bandwidth to back Air India: DIPAM secretary Tuhin Kanta Pandey

In an exclusive interview, DIPAM Secretary Tuhin Kanta Pandey says plans for FY21 include IPOs of RailTel, IRFC Ltd and WAPCOS Ltd. and the privatisation of Nilanchal Ispat Nigam Ltd plant in Odisha, and the Salem and Bhadravathi steel plants of SAIL Ltd. Pandey also said the government is trying its best to complete the privatisation of Shipping Corp, Concor Ltd, Bharat Earth Movers Ltd and Central Electronics Ltd before March 31, 2021.

COVID-19 impact: LIC listing, IDBI Bank stake sale may be postponed

The government aims to garner Rs 90,000 crore from the listing of LIC and stake dilution in IDBI Bank out of total the disinvestment target of Rs 2.10 lakh crore during the current fiscal.

Jaypee Infratech case: Voting on NBCC bid underway; IDBI moves NCLAT to vote against plan

The voting on the NBCC bid began at noon on May 31 and is expected to continue for ten days until June 10.

Jaypee case: NCLT Allahabad allows Jaypee Infra resolution process to go on until next date of hearing

The NBCC bid is likely to be discussed at the May 9 meeting, sources told Moneycontrol.

Essay| A deep dive into the history of RBI’s reserves

It is interesting to note that RBI’s capital has remained unchanged, but its reserves have changed significantly over the years

IDBI Federal Life expects flat growth

"Last fiscal, the growth was 15 percent. We are expecting a growth between 12 percent and 18 percent this fiscal," CEO and whole-time director of IDBI Federal Life, Vighnesh Shahane, told PTI.

Delhi HC dismisses appeal against LIC move to acquire 51% stake in IDBI

A bench of Chief Justice Rajendra Menon and Justice V K Rao said the single judge had considered all aspects before denying any relief to the All India IDBI Officers Association, which had opposed the Life Insurance Corporation (LIC) move on the ground that change in shareholding could take away IDBI's public sector bank status.