India Digest: Bharti Enterprises bids for OneWeb; IDBI Bank to sell 27% in insurance JV

India Digest: Bharti Enterprises bids for OneWeb; IDBI Bank to sell 27% in insurance JV

Sunil Bharti Mittal, billionaire, chairman and chief executive officer of Bharti Enterprises Ltd., gestures as he speaks during a panel session at the World Economic Forum (WEF) in Davos, Switzerland, on Wednesday, Jan. 20, 2016. Photographer: Jason Alden/Bloomberg via Getty Images

Sunil Mittal-led Bharti Enterprises Ltd has made a bid to invest in London-based satellite startup OneWeb with backing from the UK government. In another development, IDBI Bank has approved the sale of its 27 per cent stake in IDBI Federal Life Insurance.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter