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The bank has not provided details about the value of the stake sale.

LIC may not fully exit IDBI Bank

While the government holds 45.48 per cent stake in IDBI Bank, LIC owns 49.24 per cent stake in the lender

22 Feb 2022 12:38 AM IST

OSM says the new motor is less than half the size of conventional motors, making it the smallest electric motor in its class, which can fit in an average sized human palm, without compromising on output. It is also significantly lighter than conventional radial flux permanent magnet (RFPM) motors with similar power output. Representational image/DC

Omega Seiki to make EV motors

The association will see the introduction of a new lightweight, compact trapezoidal stator radial flux (TSRF) motor

18 Feb 2022 9:39 AM IST

Apollo Hospitals Enterprise Limited.

Apollo Hospitals now in Uzbekistan

Apollo signed an MoU with Marafon Group which will benefit people in Uzbekistan, Kyrgyzstan, Kazakhstan, Tajikistan

18 Feb 2022 8:53 AM IST

Vistara introduces three days of leave without pay for pilots in September. (PTI Photo)

Vistara gradually restoring certain services to pre-Covid levels

The airline also plans to improve its inflight entertainment offerings across its domestic and international network

16 Feb 2022 12:25 PM IST

The notification form is being filed in relation to Jaadhus proposed acquisition of a minority, the non-controlling shareholding of approximately 9.99 per cent of the fully diluted equity share capital in Jio Platforms, which is worth USD 5.7 billion.

Blackstone buys majority stake in ASK

Blackstone acquired 70 per cent stake from promoters and employees valuing the company at $1 billion

15 Feb 2022 9:01 AM IST

In this file photo taken on November 27, 2019 an Amazon sign is pictured at the Amazon Fulfilment Centre in Peterborough, east England. (Photo: AFP)

NCLAT adjourns hearing on Amazon-'s interim plea to stay CCI-'s order...

In a 57-page order, CCI had said the approval for the Amazon-Future Coupons deal -'shall remain in abeyance-'

14 Feb 2022 2:25 PM IST

Sebi proposes to relax minimum public shareholding norms for firms under insolvency. (PTI Photo)

Govt to sell 5% stake in LIC; embedded value at Rs 5.4 L cr

The LIC policyholders and LIC employees will be offered equity shares at a discount to the public issue price to be set...

14 Feb 2022 8:20 AM IST

The Burglar used uniforms of Urban Clap, Swiggy and Dunzo where he worked at different times, to roam around residential areas and burgle houses. (Representational Image/ PTI)

Quick delivery services driving hiring in e-com

The year seems to be optimistic for last mile delivery services and a healthy kick-start is expected, says TeamLease...

14 Feb 2022 7:22 AM IST

Bharti Airtel Bhartis Indian revenue rose 3 per cent year-on-year to 153.61 billion rupees. (Photo: PTI)

Airtel internet services briefly disrupted due to technical glitch;...

Several Airtel users on Twitter complained that both their mobile data and broadband connection stopped working

11 Feb 2022 1:12 PM IST

In this file photo taken on November 27, 2019 an Amazon sign is pictured at the Amazon Fulfilment Centre in Peterborough, east England. (Photo: AFP)

FRL-Reliance merger: Supreme Court notice to Future group on plea of...

A bench comprising Chief Justice N V Ramana and Justices A S Bopanna and Hima Kohli issued notices to the Future group...

9 Feb 2022 12:02 PM IST

Indian Institute of Technology, Hyderabad. (Photo: PTI)

IIT Hyderabad to set up Suzuki Innovation Centre at its campus

The institute has signed a three-year contract with the automaker

4 Feb 2022 2:00 PM IST

Drillmec, along with the department of industries and commerce, government of Telangana, will float a Special Purpose Vehicle (SPV) for setting up the manufacturing unit. By arrangement

TS bags Rs 1,500 crore Drillmec investment

The project is estimated to create direct employment to 2,500 people and indirect employment to several thousand within...

1 Feb 2022 1:54 AM IST