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.