Axis Bank rallied 5% to Rs 676 on the BSE in early morning deals after the private sector lender on Saturday appointed Amitabh Chaudhry as Managing Director & CEO (MD& CEO) effective January 1, 2019.

“The board of directors of the Bank at its meeting held today has taken on record the approval granted by the Reserve Bank of India (RBI) to the appointment of Shri Amitabh Chaudhry as the Managing Director & CEO of the Bank

Kotak Mahindra Life Insurance Company Saturday said it has rolled out three mobile medical vans under the corporate social responsibility initiative ‘Life First’, in association with Wockhardt Foundation. As part of the agreement, three medical vans which act as primary health care centres on wheels would be managed by the Wockhardt Foundation, a press release said.

Markets remained in better form for the second straight session on Friday, with the Sensex closing over 147 points higher as auto shares zoomed on sustained buying by domestic institutional investors amid the rupee staging a recovery.

The rupee was trading higher by 29 paise at 71.70 (intra-day) against the dollar at the forex market. The domestic unit had hit a fresh life-time low of 72.11 before settling at 71.99 Thursday.

India’s second largest IT services firm Infosys on Friday said it had teamed up with Temasek to form a joint venture that will support the Singapore-based company’s digital transformation journey.

The joint venture — in which Infosys Consulting (Infosys subsidiary) holds 60 per cent stake — will be headquartered in Singapore, Infosys said in a statement.

New Delhi: Who cares about buying travel insurance for train journeys? You should, especially when you can get insurance coverage of up to Rs 10 lakh for financial protection against train accidents and other untoward incidents, including robbery, at a near-zero premium of 68 paise.

You may have overlooked it, but the Indian Railway Catering and Tourism Corp (IRCTC) was so far providing you free and mandatory travel insurance each time you booked a ticket through its website or mobile app. Not anymore.

Ford India on Friday said it has decided to recall 7,249 petrol EcoSport vehicles, made between November 2017 and March 2018, to update powertrain software.

In a statement, the company said it is voluntarily inspecting 7,249 EcoSport petrol vehicles to update the Powertrain Control Module (PCM) software.

This week the global 3D software company Dassault Systèmes announced, at its 3DExperience forum in Bengaluru, that Ashok Leyland, India’s second largest commercial vehicle manufacturer, has expanded its use of the 3DExperience platform by adopting the Global Validation, Proven Performance (GVPP) industry solution experience.

The two big e-commerce players — Amazon and Flipkart — together are expected to clock gross merchandise value (GMV) ranging between $2.5-3 billion during the five-day festive season sale this year, RedSeer Consulting has estimated in its latest report. This is a jump of almost 67-100% in GMV against a similar period last year, when they together had clocked a GMV of $1.5 billion.

Maruti Suzuki India, the India arm of Suzuki Motor Corp, will start testing a fleet of 50 prototypes of electric vehicles in India from October, said Suzuki Motor Corp Chairman Osamu Suzuki.

“We have decided to launch EVs in India around 2020 in collaboration with Toyota Motor Corporation,” Suzuki said at the opening session of MOVE, the two-day Global Mobility Summit.

President Donald Trump on Friday said he wants to stop the subsidies that growing economies like India and China have been receiving as he wants the US, which he considers as a "developing nation", to grow faster than anybody.

Addressing a fundraiser event in the Fargo city of North Dakota, he also accused the World Trade Organization (WTO) of allowing China to become a "great economic power".

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