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After a long wait, the insurance regulator IRDAI has given its final nod to Axis Bank and subsidiaries, picking up a 12% stake in Max Life Insurance. This will now finally let Axis be a joint venture partner in the company, something that the entities had announced in April 2020.
Now that all the pins have fallen in place for the deal, it also allows Axis entities to raise their stake further by 7% which they intend to do in a couple of years.
Max Life is the fourth-largest private life insurer in India, while Axis is India&rsquo;s third-largest private bank.

Axis , Max get nod for Insurance JV

IRDAI&nbsp;gives a go-ahead to Axis Bank and&nbsp;Max Life Insurance Joint Venture, Axis and subsidiaries to pick up 12% in Max Life Insurance

Axis-Max Life JV finally gets nod 

After a long wait, the insurance regulator IRDAI has given its final nod to Axis Bank and subsidiaries, picking up a 12% stake in Max Life Insurance. This will now finally let Axis be a joint venture partner in the company, something that the entities had announced in April 2020.
Now that all the pins have fallen in place for the deal, it also allows Axis entities to raise their stake further by 7% which they intend to do in a couple of years.
Max Life is the fourth-largest private life insurer in India, while Axis is India&rsquo;s third-largest private bank.

Garmin Forerunner 745 debuts with over-the-top tracking features

US sports and fitness-tracker company Garmin has announced its new triathlon-focussed smartwatch, the Forerunner 745. The successor to the Forerunner 735XT is aimed squarely at athletes to offer advanced data on running, swimming and cycling. It features a 1.2-inch transflective MIP (Memory in Pixel) always-on display, a blood oxygen sensor for VO2 max data and a pulse oximeter for sleep tracking, besides SpO2 and stress monitoring. The watch is 5ATM waterproof, has built-in GPS, can store over 500 songs and last one week with moderate usage. The Forerunner 745 smartwatch comes in black, white, red and green colours for $500, but there are no details on Indian pricing and availability.

Garmin debuts Forerunner 745 smartwatch&nbsp;
Offers advances data on running, swimming, cycling
1.2&rdquo; transflective MiP always-on display, Vo2, sleep tracking
5ATM waterproof, SpO2, stress monitoring, built-in GPS
Garmin claims it can last one week with moderate usage
Costs $500, no mention of Indian pricing or availability

US sports and fitness-tracker company Garmin has announced its new triathlon-focussed smartwatch, the Forerunner 745. The successor to the Forerunner 735XT is aimed squarely at athletes to offer advanced data on running, swimming and cycling. It features a 1.2-inch transflective MIP (Memory in Pixel) always-on display, a blood oxygen sensor for VO2 max data and a pulse oximeter for sleep tracking, besides SpO2 and stress monitoring. The watch is 5ATM waterproof, has built-in GPS, can store over 500 songs and last one week with moderate usage. The Forerunner 745 smartwatch comes in black, white, red and green colours for $500, but there are no details on Indian pricing and availability.

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