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Fairfax will acquire the government and LIC’s combined 60.72% stake in IDBI Bank for Rs.52,877.07 crore, subject to regulatory approvals

IDBI Bank: Government & LIC disinvest 60.72% shares for Rs.52,828 crore to Canada Inc., a subsidiary of Fairfax

Team PGurus - October 14, 2026

Latest action follows years of regulatory restrictions and the cancellation of PPBL’s licence

RBI removes Paytm Payments Bank from list of scheduled banks

Sandeep Mistry’s arrest adds a new chapter to the long-running Nirav Modi investigation

PNB scam: CBI arrests Nirav Modi’s aide Sandeep Mistry after deportation from UAE

The FIR claims the borrower companies later defaulted, resulting in an alleged loss of over Rs.1,322 crore to LIC Housing Finance

CBI registers case against Subhash Chandra for cheating LIC Housing Finance for net worth hype to secure Rs 1,322-cr in loans

Public sector lenders have decided to challenge the NCLT order approving Subhash Chandra's repayment plan before the NCLAT

Banks to challenge NCLT’s order allowing Subhash Chandra’s repayment plan reduction from Rs.22,000 crore to Rs.6.25 crore

The supervisory restrictions will be reviewed upon the rectification of the said deficiencies to the satisfaction of RBI

RBI directs Bajaj Finance to stop sanction, disbursal of loans under...

PGurus Newsdesk - November 16, 2023 1

The proceeds of crime in the form of overvalued loans were deposited in the bank account maintained with the Pulpally Service Cooperative Bank

ED attaches assets worth Rs.4.34 cr in Pulpally Service Cooperative Bank...

PGurus Newsdesk - November 13, 2023 0

Penalty imposed on Shree Lodra Nagarik Sahakari Bank Ltd, Malpur Nagarik Sahakari Bank Ltd and Limbasi Urban Co-operative Bank Ltd

RBI imposes fine on 3 Gujarat banks for violating norms

PGurus Newsdesk - November 7, 2023 0

The electoral bond deposited by an eligible political party in its account shall be credited on the same day

Centre authorizes SBI to issue, encash electoral bonds between Nov 6...

PGurus Newsdesk - November 5, 2023 0

People can avail the facility of sending the Rs.2000 banknotes through post offices of India Post

Total value of Rs.2000 notes in circulation drop to Rs.0.1 lakh...

PGurus Newsdesk - November 2, 2023 0

The properties include 17 residential flats, bungalows, and commercial buildings registered under the names of companies and people, including Jet Airways' founder Naresh Goyal

ED attaches assets worth Rs.538 crore of Jet Airways founder Naresh...

Team PGurus - November 1, 2023 2

The investigation revealed that the accused has created various Trusts abroad and through those trusts he purchased various immovable properties

Canara Bank fraud case: ED files charge sheet against Jet Airways...

PGurus Newsdesk - November 1, 2023 1

ED made arrests after searching over 15 locations in Delhi, Ambala, Panchkula, Chandigarh and Mumbai in the offices and residential premises linked to the accused

ED arrests promoters, CA of Parabolic Drugs PVT Ltd in Rs.1,626...

PGurus Newsdesk - October 28, 2023 0

ED attached properties of Kapil and Dheeraj Wadhawan under the provisions of PMLA in the DHFL fraud case

ED attaches assets worth Rs.70 cr of Wadhawan brothers in DHFL...

PGurus Newsdesk - October 27, 2023 0

CBI registered the case on September 30, 2023, on the basis of a complaint lodged by the Indian Overseas Bank in May

CBI registers case against Nimbus Communications, its 3 directors in bank...

PGurus Newsdesk - October 24, 2023 0

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BOOKS

Why the race for chips and critical minerals is reshaping the global order

Book review: An introduction to the world of chips, microprocessors &...

A strongly critical response to Under a Saffron Sky and challenges the ideological framework through which it argues the book interprets India

Book review: Ismat Ara’s ‘Under a Saffron Sky’

Skip Farmer Power—You'll lose nothing. Read it—You'll lose your time

Farmer Power: An outdated ideology

An examination of how competing historical narratives, political ideologies and academic interpretations have shaped public understanding of India's past since Independence

Book review: Eminent historians exposed again

Keigo Higashino's 'Guilt' delivers a gripping crime mystery, while Sudha Murty's 'The Gopi Diaries' celebrates innocence, family and the timeless bond between humans and pets

Book review: One solves murders, the other steals hearts

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