Friday, April 19

Tag: airtel

Airtel Payments Bank appoints Shashi Arora as CEO and MD
2Jun By PriyankaNo Comments
News

Airtel Payments Bank appoints Shashi Arora as CEO and MD

Airtel Payments Bank today announced the appointment of Shashi Arora as the CEO and Managing Director of the company. His appointment is subject to the approval of the Reserve Bank of India. He will replace Manish Khera, CEO, who resigned from his post to pursue his entrepreneurial journey. "I am delighted to announce the appointment of Shashi Arora as the CEO and MD designate of the bank. Shashi is a seasoned professional with over 26 years of experience across sectors including FMCG, Telecom, Media and Banking," Airtel Payments Bank Chairman Sunil Bharti Mittal said in a statement. On April 11, 2016, Airtel Payments Bank became the first entity in India to receive a payments bank license from the Reserve Bank of India (RBI). The company plans to start rolling out its banking netw...
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One More Down, Tech Mahindra Pulled Out From Payments Bank Race
24May By PriyankaNo Comments
News

One More Down, Tech Mahindra Pulled Out From Payments Bank Race

IT firm Tech Mahindra today said it will not pursue its plans to set up payments bank operations in the country, becoming the third player to pull out from the race. "With reference to the earlier communication dated August 20, 2015, about the in-principle approval granted by RBI for setting up a payments bank, Board of Directors of the company have decided that the company will not pursue this opportunity," it said in a filing to the BSE. Sun Pharma founder Dilip Shanghvi who along with IDFC Bank and Telenor got in-principle approval from the Reserve Bank for payments bank, also pulled out of the race last week. A couple of months back, Cholamandalam group also dropped plans of setting up a payments bank. "It was a conscious decision that we wanted to be in this business. We ...
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Sunil Bharti Backed OneWeb To Build 15 Internet Satellites Per Week
21Apr By reutersNo Comments
News

Sunil Bharti Backed OneWeb To Build 15 Internet Satellites Per Week

Satellite internet Startup OneWeb Ltd plans to manufacture 15 satellites per week at a planned factory in Florida as part of its push to provide global high-speed internet access, company officials said on Tuesday. Backed by Richard Branson's Virgin Group and other well-known firms, OneWeb aims to supply internet services worldwide through a fleet of 700 or more satellites it expects to have in orbit and operating by the end of 2019. Construction of the Florida factory has not yet begun and OneWeb did not say when manufacturing would start. On Tuesday, it unveiled the factory's location near NASA's Kennedy Space Center in Florida, two days after Reuters reported it. The first group of 10 satellites are being built at partner Airbus' Toulouse, France facility. Typically, com...
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