Homegrown utility vehicles major Mahindra & Mahindra today launched a limited edition of its Scorpio starting at Rs 13.07 lakh (ex-showroom Mumbai without Octroi).
The limited edition Scorpio Adventure is based on the top-end model 'S10' of the new generation Scorpio and only 1,000 vehicles will be produced, the company said in a statement.
The Scorpio Adventure comes with manual transmission and is available in both 2-wheel drive and 4-wheel drive options. It will have features such as the reverse camera and outside rear view mirrors with side indicator and the triple jet windscreen washer, it added.
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Edelweiss Tokio Life appoints S Mukhopadhyay Chief Actuary * Edelweiss Tokio Life Insurance, the life insurance joint venture between the Edelweiss Group and Tokio Marine Holdings of Japan, has appointed Subhrajit Mukhopadhyay as the Chief Actuary.
Mukhopadhyay will be responsible for all actuarial processes and controls at Edelweiss Tokio Life Insurance, a company statement said.
"With Subhrajit's addition, we will continue to invest in building an industry-leading, but needs-led product bouquet that offers a wide spectrum of solutions for our customers", said Deepak Mittal, MD and CEO, Edelweiss Tokio Life Insurance.
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Infosys Foundation donates Rs 5 cr to TMC for cancer research * Infosys Foundation, philanthropic arm of the country's second largest IT exporter, today announced a grant of Rs 5 crore to support cancer research through fellowships at the city-based Tata Memorial Centre (TMC).
It signed a pact with TMC to develop a team of "clinician-scientists proficient in translational laboratory research who will be able to bring their cross-disciplinary capabilities to bear on topical questions of cancer research in India," a statement said.
As per the agreement, Rs 5 crore will be provided towards corpus funding of the fellowship, while Rs 40 lakh will be given for implementation of activities in 2016.
Kenstar appoints Rajiv Kenue as Chief Operating Officer
* Consumer durable maker Kenstar today announced to appoint Rajiv Kenue as its Chief Operating Officer with immediate effect.
Kenue will be responsible for contributing to Kenstar's strategy for establishing it as one of the preferred brands in India.
Commenting on the development Kenue said:" I believe there is an incredible scope for expansion of all product category in Kenstar and our focus would be to drive secondary sales by widening our distribution network and further strengthening the brand's image."
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INOX Leisure partners SBI to launch cash withdrawal initiative * Multiplex chain operator INOX Leisure has partnered with State Bank of India and has launched initiative of cash withdrawal by using a debit card.
People can simply swipe their debit cards and take up to Rs 2,000 in cash per card per day from its premise.
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Direct sellers hail FSSAI standards for health product cos * Direct sellers today hailed the new standards announced by Food Safety and Standards Authority of India (FSSAI) for companies dealing in nutritional and health products.
According to Indian Direct Selling Association (IDSA), this is a crucial step towards food regulatory in the country and would also bring confidence to the consumers as well as will provide much needed clarity for the industry at large.
