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
Madras High Court offers Cognizant partial relief in buyback case
The I-T Department had issued an order on March 23 that the transactions made for the buyback arrangement had to be taxed under Section 115-O of the Income Act as it would constitute dividend and not capital gain.
Startup boosters: FinBlue to mentor fintech startups
The Centre of Excellence at STPI Chennai, named FinBlue, will be an incubation facility for fintech startups.
Priority to slash or service debt: Aban Offshore
The auditor to the debt-ridden Aban Offshore had raised concern over the ability of the company to continue as a going concern, mainly based on the review report of the company’s subsidiaries, by another audit firm.
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
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.
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
Loyalty programmes: Saying it with a gift coupon
GyFTR enables more than 130 brands to issue, accept and redeem vouchers and gift coupons
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.
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.
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.
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%.
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.
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
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.
GeniSIGHTS eyes North American market, courtesy Nrich Group
The startup has tied up with Canadian trade body Nrich Group to market its AI products.
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.
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
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.
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.
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.
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.
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%
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
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