Indian economist and politician; Finance and Corporate Affairs Minister since 2019
Fairfax Financial has secured a 60.7% stake in IDBI Bank, valuing the lender at about 871 billion rupees. The sale marks the largest foreign direct investment in India’s financial sector as regulators review credentials.
Marco Rubio is in India for talks on trade, energy, technology and defense, with meetings in Mumbai and a plan to visit Jamnagar’s Reliance refinery. The trip follows the US waiving tariffs on Russian oil and signals a push to diversify energy portfolios and advance a bilateral trade accord.