Govt to initiate investor outreach for IDBI Bank sale from Feb 25
The government will start roadshows with investors for the strategic disinvestment of IDBI Bank from February 25 as the Centre and Life Insurance Corporation of India (LIC) look to sell their stake in the lender to a private buyer.
The preliminary interest of investors will be gauged from the exercise as the government looks to undertake the first-ever strategic disinvestment of a public sector lender (although majorly owned by LIC). Read more here
I-T dept searches Chinese telecom major Huawei's offices in three cities
The Income-tax department has conducted