IIFL Finance plans to raise ₹2,500-5,000 crore by selling stake amid Fairfax exit rumors

Economic Times - Oct 18, 2026

IIFL Finance is intending to raise ₹2,500-5,000 crore by selling a minority stake. The company's promoters may subscribe to warrants to limit dilution. Fairfax Financial Holdings is likely to sell its stake due to regulatory norms. IIFL aims to enhance its capital position amid evolving market conditions. These measures are expected to create synergies for IIFL Capital as part of IDBI Bank.

Read full article
More News
Maharashtra UCC Panel puts live-in, women's property rights in focus
Oct 18, 2026
Maharashtra UCC Panel puts live-in, women's property rights in focus

The seven-member drafting committee panel, headed by retired Supreme Court Justice Ranjana Desai, has opened a website for the people, where 37 questions are being asked and citizens are asked to give in their opinions before November 15. Maharashtra Chief Minister Devendra Fadnavis has already said that the state will bring in a UCC bill during the Winter assembly session in Nagpur at the end of the year.

Maharashtra UCC Panel puts live-in, women's property rights in focus
Oct 18, 2026
Maharashtra UCC Panel puts live-in, women's property rights in focus

The seven-member drafting committee panel, headed by retired Supreme Court Justice Ranjana Desai, has opened a website for the people, where 37 questions are being asked and citizens are asked to give in their opinions before November 15. Maharashtra Chief Minister Devendra Fadnavis has already said that the state will bring in a UCC bill during the Winter assembly session in Nagpur at the end of the year.

Army Major's wife, ChatGPT, Claude & China links: How this Indian woman landed in the middle of Jammu espionage probe
Oct 18, 2026
Army Major's wife, ChatGPT, Claude & China links: How this Indian woman landed in the middle of Jammu espionage probe

An Army officer’s wife has been booked in Jammu in an alleged espionage case for reportedly preparing research papers on sensitive national security issues using AI tools ChatGPT and Claude. Officials, as cited by PTI, alleged that she was in contact with foreign nationals, including individuals suspected of links to Chinese intelligence agencies. Her mobile phone has been seized for forensic examination, and investigators are probing whether sensitive information was shared.

ED to seek Dubai's help via letters rogatory in probe against ex-Kerala CM, kin
Oct 18, 2026
ED to seek Dubai's help via letters rogatory in probe against ex-Kerala CM, kin

ED's investigation centres on allegations that CMRL paid Exalogic Rs 2.78 crore under the guise of IT consultancy and related services despite allegedly receiving no corresponding services. The agency has alleged that the payments formed part of a wider arrangement involving illegal gratification to Vijayan during his tenure as chief minister. The allegations have not been established in court.

Tata Sons reviews AoA to meet Sebi listing norms
Oct 18, 2026
Tata Sons reviews AoA to meet Sebi listing norms

Tata Sons is reviewing its Articles of Association to comply with Sebi listing regulations, which may impact the influence of Tata Trusts on board appointments. This scrutiny follows the RBI's rejection of Tata Sons' application to relinquish its core investment company registration, necessitating compliance with strict governance standards for listed entities.

Starlink speed restrictions seem deliberate: Volodymyr Zelenskyy
Oct 18, 2026
Starlink speed restrictions seem deliberate: Volodymyr Zelenskyy

After sending vehicles connected to Starshield to Europe to conduct speed checks and finding they operated normally outside Ukraine, officials in Kyiv concluded that restrictions "are on the territory of Ukraine - so it is a planned operation," Volodymyr Zelenskyy said.

Florida scientists use ‘coral IVF’ to save dying reefs as 1.5 million embryos offer new hope: How this process works
Oct 18, 2026
Florida scientists use ‘coral IVF’ to save dying reefs as 1.5 million embryos offer new hope: How this process works

Florida scientists are using a technique called “coral IVF” to restore damaged reefs, producing more than 1.5 million coral embryos in a major 2026 effort. The scientists are utilizing coral IVF to rejuvenate coral reefs. By skillfully harvesting and fertilizing coral gametes, they've produced resilient embryos. These embryos thrive in carefully monitored settings until they develop into healthy young corals.

Ukraine hits Saint Petersburg refinery
Oct 18, 2026
Ukraine hits Saint Petersburg refinery

Trump last week announced an "energy ceasefire" -- which neither side said they agreed to beforehand -- that quickly collapsed, with Moscow continuing strikes on Ukraine's power grid and Kyiv eventually resuming hits on Russian oil refineries. Trump has been angered by Kyiv's strikes on Russian refineries -- which he says are contributing to a surge in global fuel prices.

What made this US woman in Delhi fall in love with India? Internet has suggestions after her kirana store video goes viral
Oct 18, 2026
What made this US woman in Delhi fall in love with India? Internet has suggestions after her kirana store video goes viral

An American woman living in New Delhi, Kristen Fischer, has sparked an online conversation after sharing a video of her visit to a neighbourhood kirana store less than a minute from her home. She is seen buying milk and curd while speaking to the shopkeeper in Hindi. The video prompted social media users to discuss the convenience of India's local grocery shops and the importance of supporting small businesses.

Iran's new defence minister Mehrdad Akhlaghi threatens US
Oct 18, 2026
Iran's new defence minister Mehrdad Akhlaghi threatens US

"People can rest assured that they will most likely not dare to attack us," newly appointed Iranian defence minister Mehrdad Akhlaghi told reporters shortly after securing parliament's vote of confidence. "If they (the US) do, they themselves and the region will suffer enormous damage."

Chorbagan pandal deaths: Overcrowding, lack of management, cops and volunteers blamed
Oct 18, 2026
Chorbagan pandal deaths: Overcrowding, lack of management, cops and volunteers blamed

A tragic stampede occurred at the Chorbagan Durga Puja pandal resulting in the deaths of 19 individuals. Over 25 people were injured during this incident attributed to poor crowd management and narrow lanes. Seven people have been arrested, including organisers and security personnel, while government officials visited the injured. Financial support has been announced for the families of the deceased and injured individuals.

Chorbagan pandal deaths: Overcrowding, lack of management, cops and volunteers blamed
Oct 18, 2026
Chorbagan pandal deaths: Overcrowding, lack of management, cops and volunteers blamed

A tragic stampede occurred at the Chorbagan Durga Puja pandal resulting in the deaths of 19 individuals. Over 25 people were injured during this incident attributed to poor crowd management and narrow lanes. Seven people have been arrested, including organisers and security personnel, while government officials visited the injured. Financial support has been announced for the families of the deceased and injured individuals.

Recommended
Copyright © 2015 - 2026 The Financial Capital.

All Rights Reserved.

Subscribe Now!

About Us

The Financial Capital is your independent source for finance information and advice. We provide insights and offer advice from financial experts so you can make the best decisions.