Telangana to be promoted as best destination for global investments: Revanth Reddy Hyderabad, Oct 14 : Telangana Chief Minister A. Revanth Reddy on Wednesday affirmed that the state would be
Unidentified thieves wearing nighties and masks, who arrived in an ambulance, looted an ATM in Telangana's Kamareddy district on Sunday, officials said on Monday. According to police, the burglars broke
Invoking the right to speedy trial under Article 21 of the Constitution, the Enforcement Directorate (ED) has moved the Telangana High Court seeking speedy and day-to-day trial in money laundering
Licences of shops selling prohibited synthetic manja must be cancelled, Telangana’s Head of Forest Force, Vinay Kumar, on Friday directed officials.He asked officials to take stringent measures to curb the
Telangana Chief Minister A. Revanth Reddy will hold a special meeting with the ministers on October 12 on the impact of El Nino and drought conditions in the state.The meeting
Telangana Chief Minister A. Revanth Reddy on Wednesday said that protests from the streets to Parliament would continue until the resignation of Chief Election Commissioner Gyanesh Kumar.He warned that if
Hectic parleys were on among NDA partners in Andhra Pradesh on Tuesday to finalise seat sharing for the upcoming local body elections. Chief Minister and Telugu Desam Party (TDP) President,
The schedule for local body elections in Andhra Pradesh will be announced after the departments concerned issue gazette notifications, State Election Commissioner (SEC) Anil Chandra Punetha said on Tuesday. The
The Andhra Pradesh State Election Commission (SEC) on Monday released a key notification finalising reservations for the posts of chairperson in 106 municipalities and mayor in 17 municipal corporations across
Invoking the right to speedy trial under Article 21 of the Constitution, the Enforcement Directorate (ED) has moved the Telangana High Court seeking speedy and day-to-day trial in money laundering
In a swift administrative intervention, the Election Commission of India (ECI) team on Saturday successfully resolved age-related issues for around 2.7 lakh voters in Maharashtra.The corrective measures were taken following
External Affairs Minister (EAM) S Jaishankar met Nepal’s Home Minister Sudhan Gurung in New Delhi on Wednesday, holding discussions on
Former West Bengal Chief Minister, Mamata Banerjee, on Wednesday condemned the arrest of Cockroach Janata Party (CJP) leaders Saurav Das
After a 72-year-old woman in Hyderabad lost Rs 2.20 crore to fraudsters who threatened her with money laundering charges and
IDBI Bank restructuring to strengthen banking ecosystem: FM Sitharaman New Delhi, Oct 14 : Finance Minister Nirmala Sitharaman on Wednesday said the government's decision to strategically restructure IDBI Bank reflects India's continued commitment to economic reforms and financial sector transformation. In a post on social media platform X, FM Sitharaman said the Cabinet Committee on Economic Affairs' (CCEA) approval of the restructuring was achieved under the leadership of Prime Minister Narendra Modi and would pave the way for the bank's next phase of growth through foreign direct investment while the government retains a minority stake. "Propelled by Prime Minister Narendra Modi’s visionary leadership, India’s reform trajectory reaches another milestone today with the CCEA’s approval of IDBI Bank’s strategic restructuring," the minister noted. She stated that after supporting the lender's turnaround over the years, the government is now enabling fresh growth opportunities by facilitating the induction of a strategic investor. According to the minister, the move will strengthen the banking ecosystem and help banking services in India move closer to global benchmarks. "Having supported the bank’s recovery, we are now enabling its next phase of growth through the infusion of Foreign Direct Investment while retaining a minority stake. This will not only strengthen the banking ecosystem but also help banking services surpass global benchmarks. It reinforces that India’s growth story is strong, its economy is resilient, and the government’s commitment to reform is unwavering," FM Sitharaman noted. The CCEA earlier approved the sale of a 60.72 per cent stake in IDBI Bank to Canada Inc., a subsidiary of Fairfax Financial Holdings, for Rs 52,878 crore. The transaction includes the sale of 30.48 per cent stake held by the Government of India and 30.24 per cent stake owned by Life Insurance Corporation of India (LIC). Following the transaction, the government will retain a 15 per cent stake, while LIC will continue to hold 19 per cent in the bank. FM Sitharaman described the deal as a "strategic restructuring" rather than a strategic disinvestment -- highlighting that both the government and LIC will remain shareholders in the lender after the transaction is completed.
The political future of the United Kingdom is facing renewed debate, with leaders from Scotland, Wales and Northern Ireland coming
A tragic helicopter crash occurred in Los Angeles, California, while a news helicopter was reportedly covering a road accident. Three
Russia’s attacks on Ukraine are raising fresh concerns after a Russian drone reportedly struck a passenger train near the Ukraine-Poland
Pakistan’s government has once again increased fuel prices, adding to the burden on people already struggling with severe inflation. The
Even 25 years after the September 11 attacks, the memories of the tragedy continue to haunt the United States and
