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BusinessPhoto: Business Standard

Government Approves Sale of Controlling Stake in IDBI Bank

The government approved the sale of a 60.72% stake in IDBI Bank to a Fairfax Financial Holdings-backed entity for ₹52,878 crore. The stake includes shares held by the government and LIC, which will retain smaller portions post-sale. Customers are assured their deposits and accounts remain safe, with no need to close accounts or change loan repayments. The deal awaits regulatory approval and completion.

Business Standard·

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BusinessPhoto: Firstpost Business

Bessent Urges World Bank to Fund Oil, Gas and Reform Rules

US Treasury Secretary Scott Bessent called on the World Bank to fund upstream oil and gas projects and support deep-sea mining. He also urged reforms in procurement rules and asked the IMF to increase scrutiny of global economic imbalances to ensure better financial governance and sustainable development.

Firstpost Business·

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BusinessPhoto: Mint Markets

UBS Sets ₹4,000 Target on CarTrade Tech Citing OLX India's Growth

UBS has maintained a Buy rating on CarTrade Tech with a price target of ₹4,000. The firm highlights OLX India's potential growth over the next five years through buyer subscriptions, dealer partnerships, financing, logistics, escrow services, and advertising as key drivers for the stock's expected 34% upside.

Mint Markets·

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PoliticsPhoto: Firstpost World

Zelenskyy Announces Resumption of Strikes on Russian Oil Refineries

Ukrainian President Volodymyr Zelenskyy declared that Ukraine will resume attacks on Russian oil refineries, ending a brief pause following US President Donald Trump's announcement of an energy ceasefire. Zelenskyy criticized Trump for seeking a business deal with Moscow and expressed disapproval of his admiration for Vladimir Putin. The tensions escalated after Trump called for Zelenskyy's replacement and highlighted Ukraine's strikes on Russian energy infrastructure.

Firstpost World·

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EntertainmentPhoto: News18Hi Entertainment

Abhijeet Sawant Returns to Indian Idol After 20 Years

Singer Abhijeet Sawant, winner of the first Indian Idol season 20 years ago, is returning to the show in 'Indian Idol: Legends Return.' He expressed excitement, calling the return like coming home. Abhijeet looks forward to sharing the stage with former contestants and hopes to receive even more love from viewers this time. The show’s new promo features his journey and includes music composer Himesh Reshammiya praising his comeback.

News18Hi Entertainment··New Delhi

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EntertainmentPhoto: TOI World

Demi Moore Collects 2,000 Art Dolls, Planned Museum

Hollywood actor Demi Moore has a unique passion for collecting around 2,000 art dolls. These dolls are not typical toys but hand-sculpted figures that capture human expressions and emotions in miniature. Moore once planned to turn this extensive collection into a museum, highlighting their value as contemporary works of art.

TOI World·

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