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Anand Adhikari
New Delhi, May 13, 2021
The government and LIC have taken a decision to offload the equity stake in the development financial institution turned IDBI Bank to a strategic investor. But the big question is at what price the stake will be sold to a strategic investor. At the current valuations, the bank will be sold at a dirt-cheap price.  In fact, the sale should be based on the forward-looking parameters, which are very encouraging for the bank. The bank has witnessed a turnaround with the first-ever profits in the last five years. It has completely shifted from a corporate bank to a retail bank, which is much secured in terms of asset quality. The LIC-IDBI Combo offers a huge opportunity to cross-sell as the insurance giants have crores of customers.  And finally, the new buyer has to pay a control premium for acquiring a large stake and also a banking license, which is difficult to get as there are many aspirants. Anand Adikari, Executive Edtior, Business Today looks at the valuation issues surrounding the stake sale. Also Read : E-investingWatch More: How to make ARCs more effective to manage post-Covid NPAs  


Ankita Chakravarti
New Delhi, May 12, 2021
The Facebook-owned messaging app is set to roll out its new privacy policy and terms of service on May 15.


India Today Tech
New Delhi, May 12, 2021
Milagrow's robots were of significance during Covid times as some hospitals started using Milagrow's robots to shield doctors and healthcare care workers fromthe virus.


Shubham Verma
May 12, 2021
Foxconn's Chennai facility has emerged as a hotspot for Covid-19 infections, with over 100 employees now positive.


Manoj Sharma
May 12, 2021
Around 9,900 vials (200 mg) of Tocilizumab were allocated to states and UTs on April 30; 50,024 vials, received through donations, were allotted to states and UTs on Monday


PTI
May 12, 2021
India's Department of Telecom last week approved applications of telecom companies Reliance Jio, Bharti Airtel, Vodafone Idea and MTNL to conduct 5G trials but none of them will be using technologies of Chinese entities


PTI
May 11, 2021
The regulator has also put in place a framework in relation to applicability, constitution and role of the Risk Management Committee (RMC) and eased norms for re-classification of a promoter as a public shareholder


BusinessToday.In
May 11, 2021
As per the Tata Motors announcement, the warranty and free service period of passengers cars which was expected to expire between April 31, 2021, and May 31, 2021, has now been extended till June 30, 2021


BusinessToday.In
May 11, 2021
Stocks to watch out for: PNB, InterGlobe Aviation, Tata Steel, Federal Bank and more


Associated Press
May 10, 2021
The shutdown, meanwhile, stretched into its third day, with the Biden administration loosening regulations for the transport of petroleum products on highways as part of an \"all-hands-on-deck\" effort to avoid disruptions


PTI
May 10, 2021
After a comprehensive review and in view of the rising COVID-19 cases in the country, the company has decided to suspend manufacturing operations at its plants in Kanchipuram (Tamil Nadu) and Surajpur (Uttar Pradesh)


BusinessToday.In
May 10, 2021
HDFC stock touched an intraday high of Rs 2,564 , rising 2.71% on BSE. The stock has gained 6.86% in 4 days


Sumant Banerji
May 10, 2021
Every segment of the industry registered a steep decline in sales except tractors that bucked the trend and continued to post solid growth. Registration of PVs was down 14%, two-wheelers by over 31%, three-wheelers by 64% and commercial vehicles by 49% in April 2020 over April 2019


Shubham Verma
May 10, 2021
Apple now manufactures as many as four iPhone models, including the latest iPhone 12.


PTI
May 9, 2021
The list is topped by US giant Walmart Inc, which retains its position as world's top retailer. Amazon.com Inc improved its position to rank second. Costco Wholesale Corporation of US slipped a rank to be placed third


Aprajita Sharma and Vivek Punj
May 8, 2021
In an e-mail interview with BusinessToday, SBI General Insurance CFO Rikhil Shah said he expects auto insurance to continue to see growth in FY22 as COVID-19 has made personal vehicles a necessity


BusinessToday.In
May 8, 2021
The biggest player in the market, state-run LIC (Life Insurance Corporation of India), registered a 35.6 per cent jump in the first year or new business premium. The amount stood at Rs 4,856.76 crore in April 2021


Reuters
May 8, 2021
The timing puts Musk, who is also known as an enthusiast of cryptocurrencies, back in the spotlight just as Tesla's stock is losing steam following last year's monster rally


Reuters
May 8, 2021
Japan's second-biggest steelmaker JFE Holdings Inc's President Koji Kakigi said the company can dominate the Indian (electromagnetic steel) market by sharing its cutting-edge technology


PTI
May 7, 2021
The report noted that the share of the top 15 districts in total new cases has significantly plunged to 26.3 per cent in May from 55 per cent in March, indicating that the spread of infections is now dispersed across the country


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