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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 real-time payments helped India unlock $16.4 billion of additional economic output in 2021, equivalent to 0.56 per cent of formal GDP

At 48 billion, India accounts for largest number of real-time transactions...

PGurus Newsdesk - April 26, 2022 1

HDFC Ltd is India’s largest housing finance company with total assets under management of Rs.5.26 lakh crore and a market cap of Rs.4.44 lakh crore

HDFC Ltd and its subsidiaries to merger with HDFC Bank Ltd

PGurus Newsdesk - April 4, 2022 0

How did SEBI appoint a PID knowing fully well that it would create a conflict of interest?

Is mis-governance “order of the day”, at premier Indian exchanges under...

Sree Iyer - March 22, 2022 0

Tata Digital is in talks with the ICICI Bank to power its UPI-based digital payments platform in India

Tata Group to compete with Google Pay, PhonePe, and Paytm with...

PGurus Newsdesk - March 16, 2022 0

Lingering concerns exist on whether Paytm hyped its IPO price and now this

Reserve Bank of India asks Paytm Payments Bank to stop opening...

Team PGurus - March 11, 2022 0

While Buch has herself been a SEBI member and RBI has had several women deputy governors, none of them had gone on to head the agencies, including the insurance or pensions regulators

Madhabi Puri Buch named first woman chief of SEBI

PGurus Newsdesk - February 28, 2022 0

The NCW’s notice stated that it has taken suo-moto cognizance of the new guidelines and demanded the cancellation of the same

SBI withdraws controversial circular for pregnant women recruitment after DCW’s notice

PGurus Newsdesk - January 29, 2022 1

Kudos was lending money & acting like an NBFC without RBI permission

ED attaches Rs.72 crore fund of an Indian finance company in...

Team PGurus - January 12, 2022 0

T M Bhasin, former Vigilance Commissioner to head the Advisory Board ABBFF

Central Vigilance Commission (CVC) expands scope of banking frauds panel to...

Team PGurus - January 6, 2022 0

Sahara in an unending battle of over nine years with SEBI on how much was paid

SEBI vs Sahara row over how much was paid. Funds totaling...

Team PGurus - December 29, 2021 2

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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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