Apple says FBI out to ‘rewrite history’ in iPhone case

Apple says FBI out to ‘rewrite history’ in iPhone case

Wednesday, March 16th, 2016 | Posted in Business News | by

Apple has fired anew at the US government’s legal fight to force it to break into an attacker’s iPhone, saying the tactic would “appall” the country’s founders. Apple dug into its legal position in a written filing ahead of a hearing set for March 22 before a federal judge in Southern California. Apple stuck to […]

Four non-bailable warrants issued against Vijay Mallya in GMR cheque case

Four non-bailable warrants issued against Vijay Mallya in GMR cheque case

Tuesday, March 15th, 2016 | Posted in Breaking News Business News | by

A local court has issued four more non-bailable warrants (NBWs) against businessman Vijay Mallya after he failed to appear in a court here in connection with alleged dishonour of cheques amounting to Rs 2 crore to GMR Hyderabad International Airport Ltd. The 11th Special Magistrate at Erramanjil Courts complex yesterday issued the NBWs against the […]

P&G stops selling Vicks Action 500 Extra in India with immediate effect

P&G stops selling Vicks Action 500 Extra in India with immediate effect

Tuesday, March 15th, 2016 | Posted in Business News | by

US consumer health giant Procter & Gamble’s India unit said on Tuesday it had stopped manufacture and sale of its cough-and-cold medicine Vicks Action 500 Extra with immediate effect, after regulators banned it citing potential health risk. The product is a fixed dose combination of paracetamol, phenylephrine and caffeine, which was banned by the Health […]

Vijay Mallya must come to India and deposit his passport: Attorney General

Vijay Mallya must come to India and deposit his passport: Attorney General

Monday, March 14th, 2016 | Posted in Breaking News Business Featured News | by

While maintaining that the Supreme Court has not ordered beleaguered businessman Vijay Mallya to return to India, Attorney general Mukul Rohatgi said he must come back and submit his passport. “As far as SC notice is concerned, the SC has not currently ordered him to appear in person. When the court issues notice in a […]

Hyderabad Court issues non-bailable warrants against Vijay Mallya

Hyderabad Court issues non-bailable warrants against Vijay Mallya

Sunday, March 13th, 2016 | Posted in Breaking News Business News | by

A court in Hyderabad has issued non-bailable warrants against liquor baron Vijay Mallya and A Raghunath, the chief financial officer of Kingfisher Airlines, in an alleged cheating case. The police have been ordered to produce Mr Mallya – who is currently in the UK — in court by April 13. Infrastructure major GMR Group’s Hyderabad […]

Mallya row: Kingfisher Airlines employees write to PM Modi, seek help

Mallya row: Kingfisher Airlines employees write to PM Modi, seek help

Sunday, March 13th, 2016 | Posted in Breaking News Business News | by

Hundreds of unpaid employees of the defunct Kingfisher Airlines have written to Prime Minister Narendra Modi, seeking his intervention in the recovery of their dues which was estimated to be around Rs 300 crore. “On behalf of all the employees of erstwhile Kingfisher Airlines, we request you for your immediate intervention in helping us recover […]

Vijay Mallya Loan Default Case: Ex-CMD of IDBI flouted rules to sanction Rs. 900 crore loan to Kngfisher Airlines!

Vijay Mallya Loan Default Case: Ex-CMD of IDBI flouted rules to sanction Rs. 900 crore loan to Kngfisher Airlines!

Saturday, March 12th, 2016 | Posted in Business News | by

Former chief of the now-defunct Kingfisher Airlines (KFA) Vijay Mallya, might have left India, but new details about the huge debt that he has left the banks in India with, keep on emerging everyday. Now the Central Bureau of Investigation is probing the role of Yogesh Aggarwal, former chief managing director of the IDBI Bank […]

With a promise of more reforms, India's star shines bright: IMF chief

With a promise of more reforms, India’s star shines bright: IMF chief

Saturday, March 12th, 2016 | Posted in Business News | by

Observing that India’s star is shining bright, International Monetary Fund (IMF) Managing Director Christine Lagarde suggested that India should encourage private investment, make product markets more efficient and work to improve infrastructure. She was speaking at a conference on ‘Asia’s Advancing Role in the Global Economy’, which among others was attended by Prime Minister Narendra […]

Tata Steel to commence integrated production plant in Odisha by September

Tata Steel to commence integrated production plant in Odisha by September

Friday, March 11th, 2016 | Posted in Business | by

Tata Steel is getting ready to commence ‘integrated, commercial production’ of the first phase of the 3-million tonne steel plant in Odisha by September and is keen to keep the project cost below the projected Rs 25,000 crore. “Integrated commissioning of all units for the first phase will take another six months. Project cost remains […]

Infosys Slumps As Promoters Sell 75 Lakh Shares In Block Deals

Infosys Slumps As Promoters Sell 75 Lakh Shares In Block Deals

Thursday, March 10th, 2016 | Posted in Breaking News Business News | by

Infosys shares slumped over 3 per cent on Thursday following large block deals involving the sale of 75 lakh shares. According to reports, Infosys co-founders Kris Gopalakrishnan and SD Shibulal, sold 50 lakh and 25 lakh shares via block deals today morning. The 75 lakh shares, representing 0.3 per cent stake in Infosys, were offered […]

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