Axis Bank: Private investment firm Bain Capital will reportedly offload its stake worth $267 million in Axis Bank via a block deal. The offer price range for the block deal is likely to be Rs 966 to Rs 977.70, as per reports.
Hero MotoCorp: Hero MotoCorp launched the new Xtreme 160R 4V. The new Xtreme 160R will be available in three variants of Standard, Connected 2.0, and Pro variant with Upside Down forks at Hero MotoCorp showrooms across the country at price points of Rs 127,300/- (Standard), Rs 132,800/- (Connected 2.0) and Rs 136,500 (Pro) respectively. (All prices Ex-Showroom, Delhi)
HCL Technologies: HCL Technologies and Google Cloud announced the expansion of their strategic partnership to help enterprises leverage generative artificial intelligence (AI) and develop joint solutions powered by Google Cloud's generative AI technologies.
Mahindra & Mahindra (M&M): M&M announced incorporation of a new step-down subsidiary company. M&M said that Gelos Solren Private Limited (?Gelos?) has been incorporated in Mumbai. Gelos is a wholly owned subsidiary of Mahindra Susten Private Limited, which is a subsidiary of Mahindra Holdings Limited, which in turn is a wholly owned subsidiary of the Company.
Indian Overseas Bank: The bank has decided to increase the base rate by 20 basis points to 9.10% with effect from 15 June 2023.
KFin Technologies: The company has reconsidered its decision to become the depository participant with National Securities Depository Limited and has withdrawn the application filed by it on 17 October 2022.
KRBL: The company informed that it has successfully commenced commercial production at its new plant at Anjar, Gujarat.
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