Sajan C Kumar

Madras HC quashes land acquistion for Chennai-Salem expressway project

The financial consequences were not analysed by the consultant. The state government had in last May issued a notification and started acquiring lands for the project, evoking strong protests by the farmers.

aiadmk, madras hc, 18 rebel mlas, tamil nadu govt, tn mla disqualification News

Orchid Pharma’s promoter firm too goes under resolution process

Orchid Healthcare has 22.64% stake in Orchid Pharma and is the major shareholder in the promoter group

Orchid Pharma, NCLT, IDBI Bank, Laksmi Vilas Bank, Ingen Capital Group , Piramal Capital News

NCLT dismisses Liberty plea against rejection of its plan for Infinitas

The Chennai bench of the NCLT ruled that the resolution professional, the adjudicating authority or the appellate authority were not empowered to reverse the commercial decision of the committee of creditors.

Industry News

We are adding quality to retail, agriculture and MSME loans: Padmaja Chunduru of Indian Bank

In the nine months ended December, 2018, Indian Bank achieved net business growth of close to 9% with both deposits and net advances contributing in almost equal measure.

Padmaja Chunduru, MD & CEO, Indian Bank News

Zoho charts overseas roadmap, plans to double number of data centres

The cloud software firm plans to double the number of its data centres from the current eight in the next two to three years.

zoho, zoho corporation, data centres News

India Inc hiring plans for April-June: It’s a mixed bag, says report

The Manpower employment outlook survey was conducted by interviewing a representative sample of 5,253 employers in India.

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This Fintech startup is nurturing very audacious goal of financial inclusion

The startup offers short-term personal loans and loan against gold to individuals.

Industry News

Orchid Pharma set for fresh EOIs for resolution plan, Divis and Gland Celsus Bio show interest

Ingent moved the NCLAT against this order, but the appeal tribunal referred the case back to the NCLT to pass appropriate orders and posted the case for March 1.

Industry News

NCLT annuls Ingen’s resolution plan for Orchid Pharma

The CoC has considered the resolution plan of Ingen Capital Group in its meeting on June 4, 2018 and the plan received an affirmative vote of 78.64% of the CoC by value in its favour.

Industry News

Growth momentum: Redington’s overseas mobility business sees good traction

The mobility vertical for the company in India was largely to do with one or two brands, whereas the same business outside India had a portfolio of very enviable brands.

Industry News

On Innovation superhighway: India jumps 8 places in Intellectual Property ranking

The seventh edition of the index shows India jumping eight places in the ranking to 36th in 2019 from 44th in 2018

international Intellectual Property Index, foreign investors, India, GIPC, WIPO Internet Treaties News

Roche denied India patent for powder formulation for anti-HIV drug Valcyte

The pharma major’s original Valganciclovir patent, granted in 2007, was revoked in 2015 after generic companies such as Ranbaxy, Cipla, Bakul Pharma and Matrix Labs along with some patient organisations filed a pre-grant op

Roche, anti-HIV drug Valcyte, Valganciclovir patent, Matrix Labs, Cipla, Ranbaxy, Bakul Pharma News

Uniphore: Aiming to be an Indian product MNC in speech recognition solutions

The speech recognition solutions provider is looking to become a global player and recently started operations in the US market.

Industry News

Eye on 10.5 lakh jobs: Tamil Nadu investors meet nets Rs 3 lakh crore from 304 MoUs

During its two-day flagship second edition of Global Investors Meet (GIM 2019), the Tamil Nadu government has signed 304 MoUs worth over Rs 3 lakh crore which will provide job opportunities for 10.50 lakh people.

Global Investors Meet, Global Investors Meet news, Global Investors Meet tamil nadu, tamil nadu Global Investors Meet, Global Investors Meet 2019 News

Adani to pump in Rs 12,000 crore into various Tamil Nadu projects

The group will sign a memorandum of understanding (MoU) with the Tamil Nadu government on Thursday, the concluding day of the GIM.

Industry News

One lakh jobs, 5000 firms by 2023: Tamil Nadu startup policy aiming for the sky

The Tamil Nadu govt is proposing to set up a Rs 250-crore fund for startups. The thrust areas include biotech, electronics, healthcare, etc.

tamil nadu, employment News

Workers of two Pfizer units may get up to Rs 15 lakh severance package

US pharma major Pfizer is said to have formulated a compensation package for its workers at Chennai and Aurangabad production facilites which are being closed down by the company due to the lack of commercial viability.

pfizer, us, maharashtra News

Chennai To host SaaS BooMi, Asia’s largest SaaS conference

SaaSBooMi will feature product showcases, workshops on go-to market strategy and investor-readiness sessions.

chennai, asia News

Closure of two production units won’t impact India operations, says Pfizer

US pharma major Pfizer said it has a long-standing commercial and manufacturing presence in India for more than 60 years and the decision to shut down two of its production sites would not have any impact on its other commitm

Pfizer, Pfizer worldwide, US pharma company,  Pfizer India commercial operations, USFDA News

Triangular contest: TCS, Wipro & Tech Mahindra in race for job to spruce up patent processing system

The office of the Controller General of Patents, Designs and Trade Marks (CGPDTM) has shortlisted a total of ten companies out of 19 bids it received by inviting expression of interest (EoI).

Industry News

Mayday! Air Carnival goes for liquidation as no investor finds it airworthy

The Chennai bench of the National Company Law Tribunal (NCLT) has ordered liquidation of Coimbatore-based beleagured regional airline Air Carnival.

Industry News

Facebook gets Indian patent for system that helps provide error-free translation

Country's patent office has granted an Indian patent to Mark Zuckerberg-led Facebook for an invention relating to a system that enables the social media giant provide quality and error-free translation of texts for its member

Industry News

IP tribunal rules Murugappa’s BSA trademark well-known, asks Malaysia firm to remove similar one

It submitted the Malaysian company ought to have been well aware that TI’s BSA is a well-known mark and has deliberately copied the same.

Industry News

In latest battle over patents, TVS Motor rides past Bajaj Auto

Bajaj Auto filed pre-grant opposition against two patent applications filed by TVS Motor – one relating to a multi-valve cylinder head assembly for a small capacity spark ignition engine, and the second one for a cylinder h

Industry News

EarlySalary: New startup is here to disburse salary into you account

The fintech start-up has entered into partnerships with over 200 large companies in the country to offer salary advances to their employees

Industry News

Power of data science: Tamil Nadu ties up with IIT Madras for data-driven governance

State government seeks to tap the power of AI and Blockchain technologies in areas of health, education and agriculture

Industry News

Ashok Leyland ups shareholding in Optare to 99.08% to help arm slash debt burden

UK-based bus maker Optare has said its parent company Hinduja flagship Ashok Leyland (ALL) has increased its shareholding in Optare to 99.08% from 98.31% during 2017-2018 to convert Optare’s debt to equity, resulting in sig

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