Idbi

Govt begins IDBI Bank's revaluation process in renewed push for sale

Decision on bids likely in a month after valuation exercise. Subdued stock price, weak bids prompt rethink of strategy

NCLAT refuses to stay Zee-Sony merger, case to be heard finally in January

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.