India's largest insurer Life Insurance Corporation of India (LIC) has been allowed by the Reserve Bank of India (RBI) to raise its holding in private lender IndusInd Bank to 9.99 per cent from the existing 4.95 per cent.
Indian-origin professor Neeli Bendapudi has created history as the first woman and person of colour to be named as the president of America's prestigious Pennsylvania State University, the educational institution announced.