NIIF acquires IDFC Infrastructure Finance

  • The National Investment and Infrastructure Fund (NIIF) has acquired IDFC Infrastructure Finance (IDFC-IFL).
  • IDFC IFL is an infrastructure debt fund.
  • The acquisition is the first investment from NIIF’s strategic fund.

Govt extends implementation of tracking system for export of drugs

  • The government has once again extended the date for implementation of a track and trace system for exports of drug formulations till July 1st, 2019.
  • The decision is applicable to both non-SSI (small scale industry) and SSI-manufactured drugs.

Railways’ UTS mobile app for buying unreserved tickets online goes live

  • The Indian Railways’ UTS mobile app for buying unreserved tickets online is now available nationwide.
  • Buying unreserved tickets is now possible on all non-suburban sections across all zonal railways.
  • This will remove the need for passengers to wait in long queues.
  • To be able to buy a ticket through the UTS app, one has to be within a five-kilometre range of the source station.
  • Via the app, a registered user can also buy platform tickets and monthly passes.

TCS acquires London-based W12 Studios to boost creative design capabilities

  • Tata Consultancy Services (TCS) has acquired W12 Studios, a digital design studio based in London.
  • The aim of the acquisition is to bolster TCS’s digital and creative design capabilities.
  • W12 Studios will be part of TCS Interactive, strengthening the gamut of creative and experience services.
  • TCS Interactive is the company’s digital design division which focuses on addressing challenging business problems through design thinking, creativity, contextual knowledge and use of technology.

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