Axis arm invests in two firms

Axis Bank’s private equity arm, Axis PE, has invested Rs 75 crore and Rs 67 crore in Neesa Leisure Ltd and Corrtech International Pvt Ltd, respectively. These investments reaffirm Axis PE’s commitment to park funds with infrastructure development companies. The two investments follow Axis PE’s Rs 120-crore investment in Harish Chandra (India) earlier this month.

LexisNexis

LexisNexis has announced the merger of Wadhwa Nagpur with LexisNexis Butterworths India. The combined entity, headquartered in New Delhi, will be the leader in legal information solutions in the country.

BTS launch

Micro Technologies has launched Micro Buddy Tracking System (BTS), a location-based product that will deliver personalised services to mobile users. Micro BTS enables cellphone users to share their real-time location status with their friends from a mobile phone using the global positioning system.

Tech Mahindra

Tech Mahindra has entered into a multi-million dollar deal with Botswana Tele-Communications (BTC) to provide system integration services for three years, covering mobile, Internet and fixed business. Using Tech Mahindra’s solution framework and system integration expertise, the project services will be provided in three phases.

Air India

Air India Express, which currently operates 48 flights per week to Dubai from 12 Indian cities, will add nine more flights from three more Indian cities to Dubai, effective from June 2008. The three cities are Hyderabad, Goa and Pune.