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Thursday, October 15, 2026English edition
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The Geopolitician

Country risk, from the local press

India · Country watch

Air India Hijack Scare, LTCG Tax Debate, IDBI Sale

An Air India flight faces a hijack scare, LTCG tax review stirs market, and IDBI Bank's strategic sale progresses.

· · 7 sources

The picture Mixed

Business conditions in India are mixed today. Security concerns arise from an Air India hijack scare, while the LTCG tax debate and IDBI Bank's sale indicate market and strategic shifts. The week shows volatility with ongoing regulatory and market changes.

In this briefing Air India · Directorate General of Civil Aviation · IDBI Bank · Fairfax Financial Holdings · Life Insurance Corporation · Nirmala Sitharaman · Ministry of Finance (India)

Regulation

Nothing significant reported today.

Disruption

Nothing significant reported today.

Internal tension

Nothing significant reported today.

Safety & health

  • logistics

Air India flight diverted to Jaipur over hijack threat

Air India A350-941 VT-JRF Climbing Out Of Runway 31L At JFK
Air India A350-941 VT-JRF Climbing Out Of Runway 31L At JFK Mark Bess, CC BY-SA 2.0 via Wikimedia Commons

An Air India flight from Frankfurt to Delhi was diverted to Jaipur following a suspected hijack threat. The pilot activated the hijack alert code while the aircraft was over the Mumbai Flight Information Region, according to India Today. The Directorate General of Civil Aviation (DGCA) is investigating the incident. The plane landed safely in Jaipur and was moved to an isolated area for a comprehensive security check.

Impact Airlines operating in India face heightened security protocols and potential delays following the incident.

Sources: Times of India ↗, India Today ↗

Companies

  • finance

Fairfax to acquire 60.72% stake in IDBI Bank

The Indian government has approved the strategic disinvestment of IDBI Bank, with Fairfax set to acquire a 60.72% stake for ₹52,877 crore. TV9 Hindi reports that the central government and Life Insurance Corporation of India (LIC) will jointly sell their shares. This move is part of a broader strategy to reduce government involvement in banking and attract private investment.

Impact IDBI Bank's strategic sale impacts stakeholders in the banking sector, altering ownership and potentially affecting operations.

Sources: TV9 Hindi ↗

Markets

Nothing significant reported today.

Trade

Nothing significant reported today.

Politics

  • finance

FM Sitharaman reopens debate on LTCG tax review

Finance Minister Nirmala Sitharaman has reopened the debate on reviewing the long-term capital gains (LTCG) tax on equity markets. India Today reports that while stakeholders hope for tax relief, fiscal constraints may prevent a full rollback. The discussion comes amid market volatility and investor concerns over current tax structures.

Impact Equity investors and financial analysts are affected by the potential changes in LTCG tax, influencing market strategies.

Sources: India Today ↗

Also today in India

Sources in this briefing

Sources: each headline links to the original article on the publisher's site.

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