The government and LIC together own more than 94% equity in IDBI Bank. The combined state holding in the bank, which had among the highest proportions of bad loans, is valued in excess of ₹41,000 crore at current market prices.
The Indian market is expected to trade higher on Wednesday, following positive global cues. The Nifty50 closed 378 points up at 23,739 on Tuesday, with
Titan’s stock dropped by 2.4% as the company reported a slight dip in Q3 net profit, despite a 25% YoY increase in total income. The
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