Chinese handset maker LeEco today refuted reports of winding up its India operations but admitted that it has undertaken an "optimisation exercise" in the world's second largest smartphone market.
Bajwa joined IBM last year as Executive for Strategy and Transformation in the Asia-Pacific region. Previously, he was Microsoft India's managing director. He was associated with IBM's networking business and was based in Singapore in 2001-05.
The total amount of Rs 7500 crore was raised via rupee bond sale. The bond issue has a maturity of five years and a coupon rate of around 10.5 percent.
Brocade is focusing its investment on acquisitions that increase depth in software networking as well as strengthens its footprint and engineering capability.
Low cost carrier AirAsia applied for a no objection certificate (NOC) to start its operations in India along with Tata Group, said AirAsia CEO Tony Fernandes.
Ramnik Narsey was named as the interim head of the India business of retail giant Walmart after Raj Jain left the company.
In a positive development for the aviation sector, AirAsia India announced today that it will soon start hiring for the cabin crew for its India operations.