PhonePe investing $200 million on building data centres
NEW DELHI: Walmart-owned payment services provider PhonePe on Thursday said it is investing USD 200 million (around Rs 1,661 crore) on building data centres in the country, a top official said on Thursday. The investments are driven by the regulatory insistence on data localisation, which prevents a financial sector entity from storing its data overseas, […]
Air India receives over 73,750 applications for cabin crew, pilots in 2 months
NEW DELHI: Air India (AI), which has embarked on expansion plans, on Thursday said it has received more than 1,752 applications for pilots and 72,000 applications for cabin crew in the last two months. The loss-making carrier, taken over by Tata group in January this year, has also received more than 25,000 applications in a […]
Lupin inks pact to acquire two inhalation brands from Sunovion for $75 million
NEW DELHI: Drug maker Lupin on Thursday said it will acquire two inhalation brands from Sunovion Pharmaceuticals Inc for USD 75 million (around Rs 622 crore). The drug firm has inked a pact with US-based Sunovion to acquire Brovana (arformoterol tartrate) inhalation solution and Xopenex HFA (levalbuterol tartrate) inhalation aerosol. The Mumbai-based firm expects the […]
India names Aramane Giridhar as defence secretary, Sanjay Malhotra as new revenue secretary
NEW DELHI: Road Transport and Highways Secretary Aramane Giridhar has been named the new defence secretary as part of a top-level bureaucratic reshuffle effected by the Centre (government of India) on Wednesday. Giridhar, a 1988-batch Indian Administrative Service (IAS) officer of the Andhra Pradesh cadre, has been appointed as Officer on Special Duty in the […]
Committed to completing open offer process for 26% NDTV stake: Adani group
NEW DELHI: Adani Group, which missed the date for the launch of an open offer to buy an additional 26 per cent stake in NDTV, on Wednesday said it is committed to completing the process and has asked SEBI to provide comments on its draft open offer letter. The conglomerate, run by India’s richest man […]