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
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.
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