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Latest News in Finance and Stock Market 21June2023

Market news
Mahindra Finance appointed Mr. Ashwani Ghai as an Additional, Non-Executive Non-Independent Director

Mr. Ashwani Ghai is a post graduate in Economics, PGEP from IIM Ahmedabad and Fellow of Insurance Institute of India (FIII). Mr. Ghai has a long and diverse work experience, across functions and geographies, in LIC of India and Board level experience in LIC Housing Finance Ltd and LICHFL Financial Services Ltd.

In his more than 35 years of work experience in LIC of India and in LIC Housing Finance, he has worked across multiple functions viz., Marketing, Human Resource, Investments, Fund Management, Enterprise Risk Management, Organisational restructuring, Compliance, IPO launching of LIC, Business Strategy etc.

Prior to joining as Additional Director, Management Development Centre of LIC of India, he has held variety of positions, in LIC of India and LIC Housing Finance Ltd, including Chief Operating Officer and Whole-time Director of LIC Housing Finance Ltd., Non-Executive Director on Board of LICHFL Financial Services Ltd

Nest and TCS Expand Strategic Partnership to Provide Enhanced Member Experience

Nest and TCS Expand Strategic Partnership to Provide Enhanced Member Experience”, we wish to inform that the contract value was signed for £840 million with an initial tenure of 10 years. The total maximum estimated value of the contract, if extended to the entirety of its eighteen-year tenure, will be £1.5 billion.

Omaxe Limited have incorporated 3 Companies Real estate activities with own or leased property

1. M/s Omaxe Be Together Lucknow Busport Private Limited

2. M/s Omaxe Be Together Prayagraj Busport Private Limited

3. M/s Omaxe Be Together Ghaziabad Busport Private Limited

Real estate activities with own or leased property.

To carry on the business on public private partnership basis or otherwise of constructing, developing, maintaining and operating and to act as contractors for any other person or the Government authorities to construct, develop, maintain and operate infrastructure facilities such as bus and truck terminals, road, highway project, bridge, express ways, Infra-urban roads and/or peri-urban roads like ring roads and/or urban by-passes, fly overs, subways, airports, port, inland waterways and inland ports, water supply project, irrigation project, sanitation and sewerage system, water treatment systems, solid Waste management system, power plants or any other facility of similar nature and to promote, set up, acquire and establish, whether directly or indirectly, companies, special purpose vehicles, ventures, collaborations, funds, associations, societies, trusts, partnerships or any other form of business for undertaking the above.

TBZ Limited appointment of Mr. Ramesh Chandak  as an Additional Director

The term of Appointment of Mr. Ramesh Chandak aged above 75 years as an Additional Director (Non Executive) Independent Director Category) of the Company is approved by the Board by way of Resolution by Circulation on 21’1 June, 2023.

Mr. Ramesh Chandak (DIN: 00026581), aged around 76 years, has joined as Additional Director (Independent Director) of our Company. He is a qualified Chartered Accountant registered with the Institute of Chartered Accountants of India. He has done post qualification course on Advanced Management Programme, on leading change and organisational renewal at Harvard Business School, USA.

Mr. Chandak is the CEO of ROC Business Advisory, which provides individualised leadership coaching, strategy, succession planning and management services. Mr. Chandak is also Vice Chairman and trustee of The Victoria Memorial School for Blind, Mumbai.

LTIMindtree Launches Canvas.ai, A Generative AI Platform To Accelerate Concept-To-Value Realization For Enterprises

Mindtree a global technology consulting and digital solutions company, today launched Canvas.ai, an enterprise-ready generative AI platform designed to accelerate the concept-to-value journey for businesses using mindful AI principles.

Canvas.ai is among the first-of-its-kind platform designed to help enterprises jump start and scale generative AI capabilities, bolstering business innovation and engineering productivity. Leveraging well-architected framework and sound governance measures, Canvas.ai effectively manages proprietary and industry-specific data, while factoring its ethical use, sustainability, privacy and security. The platform-based architecture of Canvas.ai caters to the business requirements of three key personas – creators who build the generative AI solutions, admins who manage, and users who consume governed generative AI solutions.

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