Dhanuka resolution plan gets rolling; Orchid Pharma lenders to get 32% recovery
The NCLT had approved the resolution plan by Dhanuka on June 25,2019, rejecting a plea against it by Accord Life Spec which cited inadequate mandatory vote share of the CoC.
Zoho slaps trade secret misappropriation case against Freshworks
Though both Zoho and Freshworks have genesis from Chennai, the companies have global operations headquartered in the US.
South Indian cities house 65% of projects meant for elderly: Anarock
Prominent senior living hubs in south India include Coimbatore, Puducherry, Chennai, Bengaluru, Kodaikanal, Mysuru, Kochi and Kanchipuram.
Coronavirus: Tamil Nadu industry experts, trade bodies flag worry over impact on small businesses
The coronavirus (Covid-19) pandemic is all set to wreck havoc on the micro, small and medium enterprises (MSMEs).
Facebook gets India patent for invention to give universal support to cell phones
The latest patent gain gives a leg-up to Facebook’s efforts to provide universal support to a wide variety of mobile phones, without having to compromise with the quality of the service.
SC sets aside NCLAT’s order that junked NCLT approval for Dhanuka resolution plan for Orchid
The Supreme Court has set aside the NCLAT order that nullified the Chennai bench of NCLT’s approval of a resolution plan by Gurgaon-based Dhanuka Laboratories for the debt-ridden company Orchid Pharma.
Rejecting opposition, India grants US firm Gilead patent for HIV drug Cobicistat
According to Gilead, the compound has advantages such as improving the effectiveness of a medicine – an antiretroviral drug – administered along with it, without showing any major biological activity on its own.
Fintech investments nearly double to $3.7 billion in 2019
The number of fintech deals globally rose 6.8% in 2019, to 3,472, another record level.
GIPC’s IP Index: India betters score, check the new ranking
India stands at 40th place out of 53 economies in global IP Index 2020, released on Wednesday, as against 36th place out of 50 economies in the 2019 Index.
Ather Energy gets patent for light-weight charging connector for electric scooters
As electric vehicles are increasing all around the world, the problems associated with the use and maintenance of such vehicles are also increasing. Electric vehicles are powered using batteries and need to be recharged after
TVS Motor secures patent for device to gauge reduced CO2 emission from EVs
In the case of battery-run EV, the vehicle does not emit any CO2 during running. However, the battery has to be charged so as to provide energy to the motor and during the charging emission occurs.
Enterprise Security: Why securing AI systems makes sense
Hyper automation will take tech growth in India a notch higher in 2020, as firms invest in intelligence driven by AI and ML
Clarks set to expand retail base in India, to increase focus on e-commerce
India’s footwear market was valued at Rs 47,945 crore in 2018 and expected to grow at a CAGR of 13% over the next five years.
Shriram Properties bets on coming Budget to start work on pending IPO of Rs 800 crore
The company had developed 2.4 million sq ft of real estate in 2017-18, around 3.5 million sq ft in 2018-19, and expects to have 4 million sq ft developed during the current fiscal year. Next year, it would develop five millio
HUL wins latest round of water purifier patent battle against Tatas
Competition in the country’s $391.4-million water purifier market has been hotting up of late as the market is expected to grow at a CAGR of 13.% to reach $818 million by 2024, according to industry experts.
TVS gets patent for electrically operated automatic fuel cock
TVS Motor argued if the rider forgets to shut off the manual fuel cock when the engine was at rest, it may lead to leaking and ultimately resulting in fuel wastage.
Google seeks patent for ML model speed prediction to improve navigation services
The prediction of the speed of the vehicle can be used to predict a travel time, or recommend a route to the user.
Counting on cloud: AI, cloud solutions hold key for Genesys
The company’s growth strategy is centred on a move to cloud wherever possible, both in terms of R&D and technology deployment for customers.
SC interim stay on NCLAT scrapping Dhanuka plan for Orchid Pharma
The Supreme Court’s order came in response to an appeal by State Bank of India, a key member in the CoC, seeking setting aside of the NCLAT order on the ground that the appellate tribunal has erred while overriding the comm
NCLAT sets aside NCLT order approving Dhanuka’s resolution plan for Orchid
The NCLAT in July had stayed the Chennai NCLT order approving Dhanuka Laboratories resolution plan and ordered issuance of notice to Orchid Pharma RP and Dhanuka Laboratories, while posting the matter to August 28 for admissi
Google seeks Indian patent for tech to add video feed to Home Assistant
For instance, if a user asks about the weather, the HA device may assess an Internet-based weather service to obtain local weather information.
Corporate loans must to grow bank’s loan book, says Indian Bank MD
The government thought an impression was created among the people that the banks were not lending. The outreach programme was to convey the message that the banks’ doors are open.
Online food & grocery retail may touch $10.5 billion by 2023
The online food and grocery retail, which stood at approximately $1 billion in 2018, has been witnessing its accelaration phase since then. The initial growth phase from 2014 to 2018 has seen the vertical clocking a CAGR of
Centrient Pharma files second lawsuit against Dalas Biotech
In addition, the Delhi HC also found Sinopharm Weiqida of prima facie guilty of contempt of court for illegally importing amoxicillin active ingredients in contravention of the previously granted preliminary injunction in pla
Blue Star eyes 15% market share by FY24, to double outlets
The company’s room air conditioners are available at 5,000 outlets in 575 locations in various formats.
Toyota declares four non-production days
In a notice to the employees, a copy of which is in possession of FE, TKM said the company will not produce on four days — October 3, 4, 5 and 9 — owing to low market demand of its vehicles.
TVS Motor gets nod for patent on its hybrid 3-wheeler
The Chennai patent office granted the patent, disposing of a patent application filed by the company in 2009. The patent gain comes at a time when the automobile industry is exploring ways and means to switch over to electri
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