Prem Watsa

Canada-based firm Fairfax offers all-cash deal to acquire IDBI Bank

IDBI Bank's disinvestment process began in October 2022, with LIC and the government selling their respective shares of 30.24% and 30.48%

CSB Bank to seek shareholders' nod to extend interim MD & CEO Mondal's term

Indian origin Canadian billionaire Prem Watsa's Fairfax India Holdings promoted CSB Bank will seek shareholders' nod later this month to extend interim head Pralay Mondal's term till a regular MD & CEO is appointed. CSB Bank will seek shareholders' nod for Mondal's appointment at the 101th Annual General Meeting (AGM) to be held on September 27, 2022, the private sector lender said in its annual report 2021-22. He was appointed as the interim MD & CEO with effect from April 1, 2022 for a period of three months and further got an extension from July 1 till September 30. Mondal was elevated as the deputy managing director of south-based CSB Bank from February 17, 2022 from the position of president (Retail, SME, Operations, and IT) up to February 16, 2025. With a banking experience of around 30 years, prior to joining CSB Bank, he worked at Axis Bank, Yes Bank, HDFC Bank and Standard Chartered Bank, among others. Former MD & CEO C V R Rajendran stepped down in March 2022 in .

Go Digit promoters Watsa, Goyal seek regulatory nod for reinsurance biz

Currently, India has one domestic reinsurance company, the state-owned General Insurance Corporation (GIC Re)

Why is 'Canadian Warren Buffett' Prem Watsa, so bullish on India?

Billionaire Prem Watsa's belief in India's growth story has made him pledge investment worth $7 billion over the next five years. Find out more about 'Canada's Warren Buffett' and his India-plans

TMS Ep188: Prem Watsa, drone start-ups, multiplexes stocks, stagflation

Why is Prem Watsa so bullish on India? Why are the big boys of India Inc acquiring drone start-ups? Why are analysts dumping diagnostics stocks for multiplexes? What is stagflation? All answers here

Prem Watsa-backed Fairfax Group sells IIFL Finance shares worth Rs 180 cr

Canadian billionaire Prem Watsa-backed Fairfax Group on Wednesday offloaded IIFL Finance shares worth over Rs 180 crore through an open market transaction

Prem Watsa-backed Fairfax sells 3.2% stake in IIFL Finance for Rs 365 crore

The scrip of IIFL Finance settled at Rs 316.25 on the BSE, up 2.36 per cent from the previous close

Fairfax to list Anchorage, its vehicle for airport and other infra funding

Bangalore Airport reports $66.8 million loss against in 2020 against profit of $53.8 million in 2019

Prem Watsa says India reforms, tech push give it a unique place post Covid

Indian-born Canadian billionnaire adds political stability, rising consumer demand represent a welcome signal to global investors

Worst may be behind us, signs of turnaround visible in economy: Prem Watsa

High reservoir levels and soil moisture levels point to a good rabi harvest that could cool inflation and revive consumer demand

Top 10 biz headlines: BPCL stake sale likely, Aug auto sales plunge & more

From the govt planning to offload its Rs 40,000-cr stake in BPCL to four- and two-wheeler sales falling by almost half in Aug from the equivalent month last year, here are today's top business stories

Bullish about India, Fairfax here for long term: Canada billionaire Watsa

Fairfax doesn't invest in new-age companies, looks at long-term track records, he says

Newsmaker: Prem Watsa

Investment made by Watsa in Bangalore airport is from the $1.1 bn India investment arm that he created after meeting the PM in Canada in November 2014