The Cabinet Committee on Economic Affairs cleared sale of 60.72% stake in IDBI Bank to Fairfax Financial Holdings for Rs 52,878 crore on October 15. Government stake reduces significantly in major FDI move.
Deepak Gupta
Oct 15, 2026
This article was curated with AI assistance and published by the MBN News Desk.
On October 15, the Cabinet Committee on Economic Affairs cleared the sale of a 60.72% stake in IDBI Bank to Fairfax Financial Holdings for ₹52,878 crore. This sale marks a significant reduction in the government's ownership in the bank, reflecting a major FDI move.
India and New Zealand's Free Trade Agreement aims for $7 billion in trade by 2030, enhancing economic ties between the two nations.
Shweta Talpade
ICICI Bank's profit for Q2 2026 soared by 20% to ₹14,843 crore, reflecting strong financial performance.
Poonam Ghosh
Foreign portfolio investors have pulled out ₹52,100 crore from Indian equities in October due to market conditions.
Rajesh Singh
Nifty 50 closes higher, driven by IT sector gains and positive market sentiment on October 19.
Rajesh Singh
BEML has secured a significant ₹5,400 crore order to support India's bullet train initiative.
Rajesh Singh
Stock markets opened cautiously as investors reacted to mixed quarterly results from major private banks.
Sahil Sharma