LiveUS Court Reduces Penalty Charges on TCS to $140 Million
The US Court of District for Western District of Wisconsin passed an order reducing the jury award of punitive damages of $140 million and directed...
Category : BUSINESS
GM Calls Off Plans to Sell India Car Plant to China’s Great Wall
On Friday, General Motors (GM) called off the sale of a shuttered Indian plant to China’s Great Wall Motor after they failed to obtain regulatory...
Uniqlo Plans to Expand Beyond Delhi-NCR With Lucknow Store
Uniqlo is a Japanese Retailer that plans to expand its presence outside the Delhi-NCR market with Lucknow stores in Uttar Pradesh. This month (July), the...
Google to Pay $90 Million to Settle Legal Fight With App Developers
The app developers had a lawsuit filed in federal court in San Francisco, which had accused Google of using agreements with smartphone makers, technical barriers...
SEBI Imposes Rs 1.6 Crore Penalty On Seven Entities
Yesterday, the Securities and Exchange Board of India (SEBI) slapped penalties on seven entities of Rs 1.6 crore, including Kotak Mahindra Trustee Company and Managing...
REC Announces Bonus Shares in 1:3 Ratio
REC Limited announced bonus shares after the recommendation of the board of directors in the ratio of 1:3 and has also fixed record date for...
Lenskart Acquires More Than 50% Stake in Japanese Eyewear Brand Owndays
Lenskart is buying more than fifty per cent stake in Japan’s Owndays Incorporation, a direct-to-consumer eyewear brand. This deal is to create Asia’s biggest online...
Lenders Get 57% Dues From Imagicaa Debt Recast
Maharashtra-based Malpani Group (MPG) is a group of amusement park businesses which has acquired shares at 66.25 per cent in Imagiccaaworld Entertainment by outside lenders...
NIIF Invests $300 Million in DP World Container Terminal Subsidiary
On Wednesday, the National Investment and Infrastructure Fund (NIIF) was promoted by the Indian government. This fund had invested USD 300 million or Rs 2,250...
Byju’s Pushes Back Payments for $1 Billion Acquisition
The edtech company Byju’s has pushed back payment for an approximately $1 billion acquisition in 2021. Blackstone and other shareholders of Aakash Educational Services were...