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Amazon’s department-store plans are less surprising than they appear

The e-commerce giant gets physical“THE WORLD wants you to be typical …Don’t let it happen,” Jeff Bezos warned in April in his last annual shareholder letter as CEO of Amazon. Hence bewilderment that his e-empire is to adopt a retail format that is very typical indeed: the department store. Having helped drive many chains out…

India to list LIC by current fiscal year end, says govt official

An exterior view of Life Insurance Corporation of India's (LIC) headquarters is seen in Mumbai September 18, 2014. REUTERS/Danish Siddiqui/File PhotoNEW DELHI, Aug 11 (Reuters) - The Indian government expects to list state-owned Life Insurance Corp (LIC) by the end of the current fiscal year, and collect 500 billion rupees ($6.72 billion) as dividends from…