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BusinessPhoto: Mint CompaniesFairfax Financial will acquire a 60.72% stake in IDBI Bank for approximately ₹53,000 crore by purchasing shares from the Indian government and LIC. Fairfax plans to retain CEO Rakesh Sharma and is consulting former HDFC leaders Deepak Parekh and Paresh Sukthankar for the deal.
Mint Companies·
BusinessPhoto: News18 HindiIIM Lucknow released its Summer Placement Report 2025-26 for the PGP batch, recording a 16.5% increase in the average package. The highest stipend offered was Rs 3.95 lakh per month, with an average stipend of Rs 1.67 lakh per month. Consulting and IT sectors received the most offers during this placement season.
News18 Hindi··Lucknow
BusinessPhoto: News18Hi BusinessMajor global institutional investors, including GIC, BlackRock, and ADIA, are eager to invest in India's largest IPO, Jio. The demand from these investors has already reached around Rs 2.5 lakh crore. Several prominent family offices are also expected to participate in this IPO, reflecting strong interest from diverse financial entities worldwide.
News18Hi Business·
BusinessPhoto: Amar BusinessHDFC Bank and Axis Bank, two major private lenders in India, released their Q2 FY27 financial results. HDFC Bank's net profit rose 4.6% year-on-year to ₹19,510 crore, with net interest income increasing 9.7% to ₹34,620 crore. The bank's net interest margin stood at 3.16% on total assets. Asset quality remained stable with a slight decline in NPAs. Axis Bank reported a strong 38% increase in net profit.
Amar Business·
EntertainmentPhoto: TOI EntertainmentDirector Anil Ravipudi revealed that Keerthy Suresh will play Latha Reddy in the film 'January 12 Vidudala'. The movie stars Venkatesh and Nandamuri Kalyan Ram in lead roles, with Krithi Shetty also featured. Filming began recently in Ooty, Tamil Nadu, after earlier shoots in Mysuru. Venkatesh's first look was released to mark his 40 years in the film industry.
TOI Entertainment··Ooty
EntertainmentPhoto: NDTV MoviesDeva, a veteran Tamil music composer known for his work in over 400 South Indian films across nearly four decades, has died at age 75. He was celebrated for popularizing Chennai's unique gaana music style in mainstream cinema. Actor Rajinikanth paid his last respects to the legendary composer, honoring his significant musical legacy.
NDTV Movies··Chennai
Mint Companies·
Photo: Mint CompaniesFairfax Financial will acquire a 60.72% stake in IDBI Bank for approximately ₹53,000 crore by purchasing shares from the Indian government and LIC. Fairfax plans to retain CEO Rakesh Sharma and is consulting former HDFC leaders Deepak Parekh and Paresh Sukthankar for the deal.
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