The Centre is confident about completing the privatisation of IDBI Bank in the next financial year, with financial bids expected to be invited by next month. The due diligence process by bidders is ongoing, with access to confidential data for assessing the bank’s financial position and valuation. The sale of a 61% stake, including Government and LIC shares, marks a significant milestone in the largest privatisation exercise since the disinvestment of Air India.
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IAF plane crash: Mirage 2000 fighter aircraft crashes in Madhya Pradesh
A Mirage 2000 fighter aircraft of the Indian Air Force crashed near Shivpuri, Madhya Pradesh, during a routine training sortie due to a system malfunction. Both pilots ejected safely from the twin-seater aircraft. A Court of Inquiry has been initiated to investigate the cause of the crash, ensuring a thorough examination of the incident. Full Article
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