India’s Insurance Act Amendment Bill, ‘Sabka Bima Sabki Raksha,’ aims for a structural overhaul of the insurance sector, including amendments to the LIC Act. The bill’s omission of open architecture for individual agents is seen as a relief for LIC, which relies heavily on its agent network.
AI spending boom faces funding and power reality check: Jim Walker
AI’s ambitious spending faces a funding crunch, shifting from internal cash to debt, raising investor concerns. Experts highlight energy and skilled labour shortages as the