Bank privatisation: Cabinet approves strategic disinvestment and transfer of management control in IDBI Bank Limited
IDBI
The first bank to undergo the process of privatisation is state-run IDBI Bank. During the budget 2021, even though Union minister Nirmala Sitharaman has stated IDBI will not be privatised but looks like IDBI was the first.
The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, has given its in-principle approval for strategic disinvestment along with the transfer of management control in IDBI Bank.
The extent of respective shareholding to be divested by the government and LIC shall be decided at the time of structuring of transaction in consultation with RBI. The government of India (GoI) (45.48 per cent) and LIC (49.24 per cent) together own more than 94 per cent of the equity of IDBI Bank.
Wealth Migrate an African leader in obtaining a licence to offer crowdfunding services to investors
Online investing portal Wealth Migrate SA (Pty) Ltd (https://WealthMigrate.com) has been approved as a Category I Financial Services Provider - FSP 47394, which allows it to provide its crowdfunding offering (when a group of people club together to fund a project or venture) on an intermediary services basis using shares as a financial product category.
This marks the completion of a long journey that Wealth Migrate began about a decade ago. CEO Scott Picken said: “To put this into perspective, we worked with the Financial Sector Conduct Authority or FSCA (formerly known as Financial Services Board) for 10 years to allow this to happen, including creating the African Crowdfunding Association [ACFA] in 2015. Wealth Migrate always had the objective to offer our crowdfunding offering to investors within a regulated environment. Obtaining our Category I licensing approval signifies the
Toyota Reveals TRD Camry For 2022 NASCAR Cup Series
As NASCAR Introduces Next Gen, Toyota Adds TRD Camry to Nameplate
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CHARLOTTE, N.C., May 5, 2021 /PRNewswire/ More than two years in the making, Toyota and TRD (Toyota Racing Development) today unveiled the manufacturer s Next Gen car that will take to the track in 2022 – the Toyota TRD Camry - in the NASCAR Cup Series (NCS).
Toyota has been working alongside NASCAR, as well as the other OEMs, on the development of the Next Gen vehicles for competition. The components of the Next Gen race cars are an unprecedented move for the sport, but one that looks to continue to evolve safety enhancements of the race cars and promote on-track competition.
Medtronic Announces CareGuidePro™, a New Mobile App and Online Platform for Patients to Navigate Their Spinal Cord Stimulation Journey
New App Developed in Partnership with Higgs Boson Health, a Physician-Led Digital Health and Patient Engagement Solutions Provider
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DUBLIN, May 5, 2021 /PRNewswire/ Medtronic plc (NYSE:MDT), the global leader in medical technology, today announced CareGuidePro™, a mobile application and web portal that serves as a virtual guide for patients throughout their Medtronic spinal cord stimulation therapy journey. The patient s care team, including physicians and Medtronic, may also use the CareGuidePro platform to help manage and support the patient s experience with spinal cord stimulation. Patients also have the ability to record their pain relief and other feedback directly into the app, providing detailed Patient Reported Outcomes (PROs) to ensure timely, essential information is recorded
/PRNewswire/ illycaffè is now the official global coffee partner of Frieze Art Fair, the premier international contemporary art fair that brings together.