MUMBAI Nov 21 The Indian government has allowed state-run Life Insurance Corp to hold up to 30 percent in companies from 10 percent currently, banking secretary D.K. Mittal said on Wednesday.
The benchmark BSE index rose 0.72 percent, or 131.06 points, to end at 18,460.38.
The broader NSE index rose 0.78 percent, or 43.25 points, to end at 5614.80, closing above the psychologically important 5,600 level. (Reporting by Arup Roychoudhury in New Delhi; Editing by Anupama Dwivedi)
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A nation-wide bank strike in India hit the public transactions like cheque clearances and cash deposits, but the vital treasury operations including a 150 billion rupee ($2.24 billion) government bond auction are unlikely to be affected, traders said. Full Article