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India Approves As much as 20% Foreign Direct Investment in Giant Insurer LIC
India’s cabinet approved on Saturday a policy amendment allowing foreign direct investment of as much as 20% in Life Insurance Corp of India (LIC), a government source said, a change aimed toward easing the listing of the state-run insurer. India’s biggest insurance company plans to drift a stake of 5% to lift about $8 billion […]
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Judge Approves Boy Scouts Reorg Plan to Settle Sex Abuse Claims
A bankruptcy judge on Sept. 8 granted the Boy Scouts of America (BSA) approval of its $2.5 billion reorganization plan, which is able to allow the organization to settle tens of 1000’s of sexual abuse claims. U.S. Bankruptcy Court Judge Laurie Silverstein’s ruling means the Boy Scouts can proceed operating and exit Chapter 11. The […]