The fintech unicorn, Razorpay has announced the acquisition of Ezyliant Technologies, a renowned fintech business providing payment technology solutions to banks.
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 Indian Railways has planned to deploy its indigenously developed Automatic Train Protection (ATP) system, 'Kavach', in a phased manner across all the networks.
EXAMIANS