Foxconn India to Spend Rs 1,200 Cr to Build a Factory, scale up Operations – The Economic Times

The investment was made through a Foxconn subsidiary — Hon Hai Technology India Mega Development. The Taiwanese contract manufacturer has been rapidly scaling its operations in India. In fact, only last month, the company announced that it would invest $37.2 million and would join hands with HCL Group to establish a chip packaging and testing facility in India.

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Paytm Bank fiasco: All eyes on IT talent for bank and fintech boards – Business Standard

The situation at Paytm Payments Bank has heightened the urgency to onboard topflight information technology (IT) personnel in the financial services space. The Reserve Bank of India s (RBI s) master direction issued on November 7 last year said that regulated entities banks, nonbanking financial companies, including financial technology companies must establish a board level IT strategy committee (ITSC) with a minimum of three directors as members.

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Beyond Bengaluru

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