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%.
The Mahanadi Coalfields Limited (MCL), a unit of the CIL, has crossed 157 million tonnes (MT) in coal production in the financial year to become the leading coal-producing company in the country.
Bajaj Allianz General Insurance has extended the tenure of its current managing director & chief executive officer (MD & CEO) Tapan Singhel for another five years.
EXAMIANS