Max Financial Services on Tuesday said it has approved the appointment of Sumit Madan as Managing Director & Chief Executive Officer of Axis Max Life. Madan, currently Chief Distribution Officer of Axis Max Life, will replace Prashant Tripathy, Max Financial Services said in a regulatory filing. Tripathy has requested for early retirement and therefore his tenure would end on September 30, 2025. The Board of Directors of Axis Max Life in its meeting held earlier in the day has approved the elevation of Madan as MD & CEO for 5 years effective from October 1, 2025 till September 30, 2030, subject to the approval by the shareholders of insurance company, it said. Axis Max Life Insurance is a subsidiary of Max Financial Services. The appointment of Madan would be subject to the approval from the Insurance Regulatory and Development Authority of India (IRDAI) in accordance with the applicable laws, it said. Axis Max Life Insurance Limited is a joint venture between Max Financial...
The legendary Rahul Dravid on Tuesday expressed deep anguish over the death of 11 people in a stampede during Royal Challengers Bengaluru's IPL victory celebrations, terming the incident as "unfortunate" and "sad". Tragedy struck last Wednesday when nearly 2.5 lakh fans gathered in and around the Chinnaswamy Stadium in Bengaluru to catch a glimpse of their favourite stars, resulting in a stampede that claimed lives and left 56 injured. "Yeah, very disappointing. Obviously, very sad. Thoughts go out to people," Dravid, a former India coach and captain, told NDTV. Dravid, who is currently associated with IPL franchise Rajasthan Royals as a coach, said the incident was particularly painful given the city's deep sporting culture. "This is a really sports passionate city. I come from here. People love their sport, not only cricket. People love sport in the city and they've really followed all the sporting teams here, whether it's been our football team or it's been our kabaddi team. "A
Starting July 1, IndiGo will commence operations from Mumbai to Kazakhstan's largest city Almaty, followed by flights to Tashkent, the capital of Uzbekistan, from August 1.
Wipro extends its partnership with Metro AG for an additional two years, continuing to provide digital services across cloud, data, application development, and AI-enabled IT support
Corporate India has a steady hiring outlook for the next three months, driven by strong growth in the private services sector and hopes of economic benefits stemming from shifts in global trade dynamics, a report said on Tuesday. According to the latest ManpowerGroup Employment Outlook Survey, employers reported a Net Employment Outlook (NEO) of 42 per cent -- the second highest outlook globally and emerging as a key player in the global employment landscape. The NEO is calculated by subtracting the percentage of employers who anticipate reductions in staffing levels from those who plan to hire. "As we enter the third quarter of 2025, India's employment Outlook remains robust, with a NEO of 42 per cent -- among the highest globally. Despite a slight dip from the previous quarter, the 12-point year-on-year gain highlights sustained employer confidence and growth momentum in the labour market," said Sandeep Gulati, Managing Director, ManpowerGroup India and Middle East. As per the ..
