The Indian Institute of Management at the Center for Digital Transformation, Ahmedabad, launched a Retail Tech Consortium to partner with several retail and technology companies in India.
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%.
EXAMIANS