Maharashtra govt becomes new owner of iconic Air India building

The Maharashtra government has become the owner of iconic Air India building with the Union government approving transfer of the asset on Thursday. Photograph: Courtesy, Indianhilbilly/Wikimedia......

Divestment: Fearing backlash, govt opts for minority stake sales over outright privatisation

With general elections on the horizon, the government's privatisation bandwagon has almost but stalled as a government wary of being accused of selling family silver opts for minority stake sales......

Divestment target for FY25 may be lower with no new lofty plan

The Centre could further moderate its divestment target for 2024-25 (FY25), as it does not expect large receipts from asset sales — except some ongoing strategic ones, including IDBI Bank,......

IDBI Bank has deferred tax assets of Rs 11,520 cr

The government has informed the prospective asset valuers of IDBI Bank that the lender has deferred tax assets of Rs 11,520 crore and 120 properties in the top seven cities including Mumbai, Pune,......