Sajan C Kumar

Articles By Sajan C Kumar

267 Articles

WhatsApp traceability: Madras HC to take up next hearing on September 19

The division bench, which heard the case, in oral remarks said it was looking at how the social media companies could work together with the law enforcement agencies in a bid to curb the cybercrimes and it would not entertain

WhatsApp traceability, Madras HC, WhatsApp,  WhatsApp india, WhatsApp  news, industry news, IIT News

Swiss FMCG major Nestle expects decent single-digit growth

Nestle recently announced setting up of a manufacturing plant exclusively for Maggi noodles at Sanand in Gujarat, its ninth plant in the country. It will go on stream in another 18 to 24 months.

Swiss FMCG, major growth despite, economic slowdown, industry news, Nestle, Nestle india, FMCG,  News

Going concern status: Auditor of debt-ridden Aban Holdings raises red flag

The auditor points out a review report by another auditor on the consolidated results of Aban Holdings, Singapore, along with its subsidiaries

Chennai-based Aban Offshore has reported a consolidated net loss of Rs 386.41 crore in Q1FY20 News

Loyalty programmes: Saying it with a gift coupon

GyFTR enables more than 130 brands to issue, accept and redeem vouchers and gift coupons

On the client’s side, we have teamed up with the top five banks of the country and the top two global R&R companies. — Arvind Prabhakar, founder & CEO, GyFTR News

Highest-paid CEOs: Kalanithi Maran, Kavery Kalanithi top the list

Both Kalanithi Maran and Kavery Kalanithi had been drawing salary of Rs 13.83 crore and ex-gratia and bonus of Rs 73.67 crore, aggregating to Rs 87.50 crore in FY18, making them among the highly-paid CEOs in the country.

Kalanithi Maran, Kavery Kalanithi, Kalanithi Maran salary, Kavery Kalanithi salary, highest-paid CEOs, Indian Premier League News

Walmart seeks patent for delivery of products via drone

Walmart has filed an application seeking an Indian patent relating to a method for delivering products via drones to location, other than residences and offices, which will be designated by customers.

Walmart, e-commerce, flipkart, multinational retail corporation, Indian patent, unmanned flying machines, drones News

Adani, Haldia and Accord submit bids to revive Nagarjuna Oil Corporation

Nagarjuna Group said the bids were under scrutiny and verification, and liquidator would share the asset memorandum/valuation report to the bidders.

fixed deposit interest rate, small savings interest rate, RBI repo rate, RBI, lending rates News

Qualcomm, Philips, Google top Indian patents applicants

A total of 47,854 patent applications were filed during FY18 against 45,444 applications a year ago, marking an increase of 5.3%.

Industry News

CPCL bsVI fuel project likely to be completed by September-December

CPCL chairman Sanjiv Singh informed shareholders that the company endeavours to conceive, develop and implement projects towards achieving growth.

CPCL bsVI fuel, CPCL bsVI fuel project, DHDT, MTPA refinery project, Cauvery Basin Complex, Tamil Nadu Global Investors Meet News

NCLAT order: Dhanuka resolution plan for Orchid Pharma stayed

The NCLT had approved the resolution plan by Dhanuka Laboratories on June 25, rejecting a plea against it by Accord Life Spec — another resolution applicant which cited inadequate mandatory vote share of the committee of cr

NCLAT order, Dhanuka resolution plan, Orchid Pharma, Dhanuka Laboratories, Accord Group News

NCLT initiates insolvency process against L&T Halol-Shamlaji Tollway

There being no dispute with regard to availing of loan amount of Rs 155 crore and this account having become NPA in 2016 itself, it could be solely concluded that debt and default are in existence, the bench observed.

Industry News

GeniSIGHTS eyes North American market, courtesy Nrich Group

The startup has tied up with Canadian trade body Nrich Group to market its AI products.

Industry News

NCLT sends Siva Industries to insolvency process for Rs 130-crore default

IDBI Bank had dragged Siva Industries to the NCLT alleging a default of `130.30 crore as on December 31, 2018, and prayed for initiation of the resolution process, in a bid to recover the dues.

NCLT Siva Industries insolvency, National Company Law Tribunal, Insolvency and Bankruptcy Code , Reserve Bank of India, Bankruptcy, IBBI, IBC, Bankruptcy India, IBBI notifications, IP Agencies, Banking News

Happy: Digital lending startup that has disbursed over $20 million to Indian micro enterprises

This digital lending startup has disbursed loans worth more than $20 million to Indian micro enterprises

Startups, PEs, VCs, E-commerce, consumer Internet companies, private equity News

India refuses Facebook patent regarding category-wise electronic content

The social media giant submitted that claims cannot be brought under the purview of Section 3(k) of the Patents Act.

India facebook, facebook patent, facebook electronic content, content on facebook News

TVS Motor gets patent for rear fuel tank in scooters

The Chennai patent office on Wednesday granted the patent to TVS Motor after being satisfied with the company’s claims regarding the invention.

tvs motors, automobile sector, automobile industry News

Income tax trouble for Cognizant; HC upholds Rs 2,500 crore demand

The case stems from the demand for payment of tax at the rate of 15% on the remittance of Rs 19,415 crore to its non-resident shareholders in the US and Mauritius, against buyback of 94 lakh of its equity shares in May 2016.

cognizant, income tax News

Another liquor manufacturer in trouble as NCLT orders Centre to probe IPO fund diversion in this company

The tribunal has directed the Centre to appoint inspectors to investigate into the affairs of RKDL, in order to bring out the true picture about the diversion of funds and the possible action based on their report.

They alleged that there was a substantial impact of such diversion of funds on the profitability of the company. News

Orchid Pharma resolution plan: PNBIL does about-turn in Dhanuka Labs bid

With the change being considered, the voting share for the resolution plan has come down to 65.53%

Orchid Pharma resolution plan: PNBIL does about-turn in Dhanuka Labs bid (Representational image) News

NCLT orders insolvency resolution process against Thiru Arooran Sugars

The Chennai bench of National Company Law Tribunal (NCLT) has ordered initiation of corporate insolvency resolution process (CIRP) against South-based sugar major Thiru Arooran Sugars, acting on a petition filed by State Bank

An SBI-led consortium had granted financial assistance in the nature of credit facility to the firm for an amount of Rs 159.94 crore in 2016 News

NCLT junks PepsiCo’s scrapping of bottling pact with Oceanic Tropical

The NCLT observed that the business of Oceanic Tropical, the third party bottling company, was mainly dependent on the exclusive contractual agreement (bottling operations) with PepsiCo India Holdings.

Industry News

NCLT orders CIRP against Marg on ICICI Bank plea

The Chennai Bench of the National Company Law Tribunal (NCLT) has ordered initiation of the corporate insolvency and resolution process (CIRP) against Chennai-based infrastructure company Marg, the original promoter of the Ka

nclt, icici bank News

Ingen resolution plan for Orchid Pharma rejected again

Orchid said the company has received a total of three resolution plans and the CoC, the RP and the bid process advisor had deliberations on the plans.

nclat, jsw steel, steel sector, steel industry News

Chennai Metro network gets bigger with the start of work on phase-II

The CMRL plans to extend them these services to all 32 Metro stations soon.

Infrastructure News

French dairy giant Lactalis to spend Rs 50-60 crore per year to beef up infra facilities

French dairy major Lactalis, after making a mark in the Indian market with three acquisitions, will be investing Rs 50-60 crore every year to beef up the infrastructre related to procurement and processing, apart from technol

French dairy giant Lactalis to spend Rs 50-60 cr per year to beef up infra facilities News

Orchid Pharma resolution: NCLAT asks Centre to take action against US firm

The NCLAT has asked the government to take up the matter with the US through the Ministry of Corporate Affairs, if the company does not have an office in India.

Industry News

Sodexo claim for retrospective tax benefit on par with eateries rejected by Madras HC

The order came in response to an appeal filed by Sodexo against a tax tribunal order in 2012 that rejected its plea for revision of taxes for 2000-01 and 2001-02.

Industry News