Mumbai-based IndiaFirst Life Insurance Co Ltd, a joint venture between Bank of Baroda and Andhra Bank with UK’s Legal & General, said it received the ISO 9001:2008 certification for its best-in-class business processes.
IndiaFirst Life Insurance is the first life insurance company in the country to receive the ISO 9001:2008 certification within 7 months of operations, it said in a release.
On Thursday, Bank of Baroda shares closed 0.3% up at Rs717, while Andhra Bank shares closed 0.1% down at Rs137 on the Bombay Stock Exchange. The Sensex ended at 0.2% up at 17,909 points.
Toyota Kirloskar Motor Pvt Ltd (TKM), a joint venture between Toyota Motor Corp and the Kirloskar Group, said it signed a memorandum of understanding (MoU) with Indian Bank to extend auto retail finance to their customers.
TKM dealers will promote the schemes to provide various finance options to its customers through all branches of Indian Bank, it said in a release.
On Thursday, Indian Bank shares closed 1.4% up at Rs240 on the Bombay Stock Exchange, while the Sensex ended at 0.2% up at 17,909 points.
Hyderabad-based MIC Electronics Ltd said it will launch a set of five new light-emitting diode (LED) based products categories with 15 variants. The categories of LED include LED tube and bulb, LED angel, LED fittings for offices, LED fittings for hospitality and LED fittings for outdoor applications.
The company said it is also planning to invest Rs170 crore to launch these products as well as capex, which would result in a production level of Rs350 crore in a full year, MIC Electronics said in a regulatory filing.
On Thursday, MIC Electronics shares closed 2% up at Rs39 on the Bombay Stock Exchange, while the Sensex ended at 0.2% up at 17,909 points.