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IDBI Bank strategic sale scrapped as financial bids below reserve price: Sources

IDBI Bank strategic sale scrapped as financial bids below reserve price: Sources

by AIP Online Bureau | Mar 13, 2026 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Life, Policy

Currently, the government and state-owned LIC together hold a 94.71 per cent stake in IDBI Bank. The government owns 45.48 per cent, and LIC holds 49.24 per cent in the lender. Of this, the government and LIC are looking to sell 60.72 per cent in IDBI Bank.The...
D-Street investors poorer by Rs 33.68 lakh cr since West Asia conflict began

D-Street investors poorer by Rs 33.68 lakh cr since West Asia conflict began

by AIP Online Bureau | Mar 13, 2026 | Eco/Invest/Demography, Indian News, Risk Management, Wealth Management/ Philanthropy

Since 27 February, the benchmark 30-share BSE Sensex has fallen 6,723.27 points, or 8.27 per cent. During the same period, the total market capitalisation of BSE-listed companies has declined by Rs 33,68,419 crore, slipping to Rs 4,29,82,252.27 crore (about USD 4.65...
Comm min to help exporters at insurance front to deal with West Asia crisis: Official

Comm min to help exporters at insurance front to deal with West Asia crisis: Official

by AIP Online Bureau | Mar 13, 2026 | Eco/Invest/Demography, Indian News, Non-Life, Policy

Exporters are facing issues due to a joint attack launched by the US and Israel on Iran. It has led to a spike in ocean freight, air transport, and insurance premiums because of disruptions in the movement of oil and gas consignments. New Delhi: The commerce ministry...
Iranian Envoy confirms Tehran to give safe passage to vessels bound for India via Hormuz

Iranian Envoy confirms Tehran to give safe passage to vessels bound for India via Hormuz

by AIP Online Bureau | Mar 13, 2026 | Eco/Invest/Demography, Indian News, Non-Life, Risk Management

Mohammad Fathali,Iran’s Ambassador to India Answering a question on whether Iran would allow Indian-bound ships safe transit through the Strait, which is one of the critical routes for global energy trade, Fathali said,”Yes. Because India and I are...
Top Africa insurer Sanlam flags ‘Massive’ risks from Iran war

Top Africa insurer Sanlam flags ‘Massive’ risks from Iran war

by AIP Online Bureau | Mar 13, 2026 | Eco/Invest/Demography, International News, Non-Life, Risk Management

The escalating tensions will hurt earnings of the firm with operations in 27 nations “very directly” as investor flight hits global equity markets and as rising fuel prices trigger inflationary pressure, which will result in higher borrowing costs.You impact consumers...
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