Exclusive content, features, opinions and comment - hand-picked by our editors, just for you.
Pick 5 of your favourite companies. Get a daily email with all the news updates on them.
Track the industry of your choice with a daily newsletter specific to that industry.
Stay on top of your investments. Track stock prices in your portfolio.
NOTE :
The monthly duration product is an auto renewal based product. Once subscribed, subject to your card issuer s permission we will charge your card/ payment instrument each month automatically and renew your subscription.
In the Annual duration product we offer both an auto renewal based product and a non auto renewal based product.
Creditors to scrap bankruptcy process, accept out-of-court offer from Siva Industries: Report
Rupee rises against dollar
Creditors are likely to scrap bankruptcy process of Chennai-based Siva Industries and Holdings, founded by Chinnakannan Sivasankaran, known as Siva-the former promoter of telecom firm, Aircel. In a new development, the creditors have agreed to accept out-of-court offer from the businessman, according to
Journalist and activist Sucheta Dalal has tweeted about it to Ministry of Finance and Finance Minister Nirmala Sitharaman. She has asked if there will be explanations as to why defaulters like Siva, Gitanjali Group s Mehul Choksi and Winsome Diamonds Jatin Mehta are being spared.
IDBI Bank shares up almost 15% intraday on Govt decision to divest stake
May 06, 2021
LIC too may reduce its shareholding in the bank
IDBI Bank’s shares rose almost 15 per cent in Thursday’s trading vis-a-vis the previous close as the Government decided on a strategic disinvestment of its stake and transfer of management control in the Bank.
In intraday trading so far, the bank’s shares touched a high ₹43.50 apiece and a low of ₹40.15. The shares closed at ₹37.95 on Wednesday.
The bank, in a regulatory filing on Wednesday, said the Department of Investment and Public Asset Management (DIPAM) has informed that the Cabinet Committee on Economic Affairs has given its in-principle approval for strategic disinvestment of Government of India’s (GoI) stake, along with transfer of management control in IDBI Bank Ltd.