India's third-largest private sector bank, Axis Bank has been awarded IFR Asia's Asian Bank of The Year, for its breadth of coverage and depth of expertise in the Asian investment banking space.
The Union Cabinet has approved an amendment to the FDI Policy to allow FDI up to 20 percent under the "automatic route" in LIC. This comes ahead of IPO of LIC. It must be noted that the FDI limit in the insurance sector is 74 percent. Last year it was raised from 49% to 74%.
India's first-ever SAI National Centre of Excellence to train athletes in mountain terrain biking and bicycle motocross will be set up in Shimla by the Sports Ministry in collaboration with the Youth Services and Sports department of the government of Himachal Pradesh.
EXAMIANS