Reliance Jio Infocomm Ltd. (Jio) will land the next generation multi-terabit India-Asia-Xpress (IAX) undersea cable system in Hulhumale, Maldives. The high capacity and high-speed IAX system will connect  Hulhumale’ directly with the world’s major internet hubs in India and Singapore. 

In an interview with CNBC-TV18, PN Vasudevan, MD & CEO of Equitas Small Fin Bank, said that a scheme of merger has been approved by the boards of Equitas Holding (promoter company) and Equitas SFB. He explained that as part of the merger scheme, it is required to dilute promoter holding to less than 75 percent and the public shareholding in the bank is supposed to be 25 percent. He expects the merger to get completed in the next 9-12 months- between December of this year and March of 2023.

Key truths about young Indian consumers, many of which clash with our urban assumptions about non-metro India, revealed in a new report

The government may invite expressions of interest for IDBI Bank sale by April, a government official in the know told...