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News
ICICI Bank: RBI Approves ICICI Prudential AMC's Up To 9.95% Stake In CSB, DCB, AU SFB
4+ day, 21+ hour ago (314+ words) ICICI Prudential AMC has secured RBI clearance to acquire up to a 9.95% stake in CSB Bank, DCB Bank, and AU Small Finance Bank. The transaction is subject to a strict one-year execution window and group holdings must remain capped under…...
IDBI Bank Strategic Sale of 60.72% Stake Enters Final Stages Amid Valuation Disagreements
5+ day, 6+ hour ago (272+ words) IDBI Bank's strategic 60.72% stake sale is in its final stages but faces delays due to valuation differences. Fairfax Financial's reported offer of around ₹81 per share represents a discount to recent market levels, causing IDBI Bank shares to fall 10.56% to close…...
DCB Bank Gets RBI Approval For ICICI Prudential AMC To Buy Up To 9.95% Stake
5+ day, 4+ hour ago (312+ words) The RBI has greenlit ICICI Prudential AMC's proposal to build a strategic stake of up to 9.95% in DCB Bank. The asset manager has a one-year timeline to complete the transaction, which adds substantial institutional backing to the lender following its…...
Easy Trip Planners Launches 'Big Travel Days Sale' Offering Up To 60% Off Hotels
5+ day, 5+ hour ago (310+ words) Easy Trip Planners is running its 'Big Travel Days Sale' from September 9 to September 12, 2026. The company is offering consumer incentives of up to 12% off flights, up to 60% off hotels, and holiday packages starting at ₹10,999. This move follows a strong Q1 FY27 performance…...
Cochin Shipyard Partners With Drydocks World Dubai In 50:50 Joint Venture
5+ day, 6+ hour ago (248+ words) Cochin Shipyard is partnering with Drydocks World Dubai on a 50:50 basis to run its Kochi International Ship Repair Facility. The asset transfer is structured as a slump sale of at least ₹1,800 crore, unlocking ₹900 crore (derived: 50% of ₹1,800 cr slump sale) in…...
CSB Bank Gets RBI Nod For ICICI Prudential AMC's Up To 9.95% Stake Acquisition
5+ day, 19+ hour ago (197+ words) The RBI has approved ICICI Prudential AMC's proposal to acquire up to 9.95% in CSB Bank, signaling significant institutional buying interest in the Kerala-based private lender which recently reported strong Q1 FY27 financial results. Strong regulatory approval for up to 9.95% stake purchase by…...
Solarworld Forms Equal Partnership For 2.4 GW Solar Cell Factory With ₹520 Crore Funding
6+ day, 8+ hour ago (238+ words) The solar energy sector will see a notable boost in domestic high-efficiency TOPCon cell capacity. For Solarworld, securing captive cell manufacturing reduces dependency on third-party suppliers, which can protect its operational margins in future solar EPC bids and support its…...
Oil Rises to $92.43 WTI and $97.07 Brent on Reported Jazan Refinery Strike
6+ day, 11+ hour ago (182+ words) Market snapshot: Global crude benchmarks climbed on September 7, 2026, with West Texas Intermediate trading at $92.43 per barrel and Brent reaching $97.07 per barrel. The surge follows reports of a strike on Saudi Aramco's Jazan refinery alongside looming shipping risks in the Strait…...
Gold Trades Near $4,410 as Markets Price 60% Odds of September Fed Rate Hike
6+ day, 12+ hour ago (382+ words) Gold is consolidating near $4,400/oz. A stronger-than-expected US jobs report showing 162K payroll additions has pushed Fed rate-hike expectations to ~60%, lifting the dollar and capping gold's near-term upside. However, heightened geopolitical risks in the Middle East and structural central bank reserve…...
Bharat Forge Subsidiary Kalyani Strategic Systems Partners With Thales For 70-MM Rocket Systems
1+ week, 4+ day ago (171+ words) The alliance strengthens Bharat Forge's defence order execution capability and expands its product reach into rocket systems. Given that its defence revenue already surged by 87.43% YoY to ₹495.58 crore in Q1 FY27, this alliance supports a strong multi-year growth trajectory in the non-automotive…...