An accused is discharged at the stage of charge-framing when the judiciary is persuaded that the prosecution's claims do not contain adequate prima facie evidence to suggest criminal conduct.
Moser Bear India came under selling pressure on Wednesday after the company clarified that it has exposure of about Rs 3 crore to a troubled German group.
Optical media maker Moser Baer on Friday said that it would start manufacturing mobile phone hand sets in the next six months.
The company expects its optical media business -- which currently contributes almost 100 per cent of its revenues -- to comprise only a third of its revenues three to five years down the line. Its subsidiaries -- Moser Baer Home Entertainment and Moser Baer Photo Voltaic (MBPV) -- on the other hand, are expected to contribute a major chunk of its revenues by 2011-12.
Optical storage device maker Moser Baer on Tuesday said it has no plans to lay off workers following the current slowdown, which hit the company's bottom line last quarter.
Moser Baer India Ltd said on Monday its wholly-owned subsidiary Moser Baer Photo Voltaic Ltd has invested into US-based Solaria, a photovoltaic concentration technology company.
After setting the home video market afire with dirt-cheap VCDs and DVDs, Moser Baer is spreading its wings in the business by getting into distribution of films.
Moser Baer India has acquired 40 per cent equity stake in Slovenia-based Solarvalue Proizvodnja from Germany based Solarvalue AG for an undisclosed amount, giving it an assured supply of solar grade silicon for its photo voltaic business.
The idea is to integrate its businesses and emerge as a complete entertainment giant.
Moser Baer found that its outsourcing deal with a US company was the source behind its ascent by 1.8% to Rs 242.90 on BSE in early trades on Wednesday.
The company has been awarded the contract by Mahagenco, a government of Maharashtra power generation company, Moser Baer India said in a filing to the Bombay Stock Exchange.
The company has entered into a definitive agreement with Philips for the acquisition, Moser Baer informed the Bombay Stock Exchange.
Moser Baer, maker of computer compact discs, on Monday said it will invest $250 million over the next three years to set up a thin film solar fabrication facility.
Compact disk manufacturer Moser Baer said on Tuesday it will invest Rs 792 crore (Rs 7.92 billion) in its wholly owned subsidiary Moser Baer Photo Voltaic Ltd.
Find out how Deepak Puri started Moser Baer and made into one of India's finest firms.
The USB drives, targeting corporate and small office home environment would have one million rewritable cycles and be able to retain data up to 10 years.
International Finance Corporation, the private equity arm of the World Bank, will invest $22.5 million (Rs 91.71 crore) in a subsidiary of Moser Baer, a manufacturer of optical storage discs.
Moser Baer, manufacturers of Compact Discs and Digital Video Discs, will be setting up a solar photovoltaic fabrication unit at Oragadam, about 40 km from Chennai, a top company official said on Monday.
On a sequential basis too, the optical storage device major's net profit grew 44.9 per cent indicating the strength in recovery of operating parameters.
Infosys has bagged Electronics and Computer Software Export Promotion Council award in computer software and services sector for 2000-01
Moser Baer said on Thursday it has sought an additional 25 acres of land to expand its upcoming special economic zone, which is expected to be operational by the end of this year.
The optical data storage product major Moser Baer India Ltd announced on Tuesday that the European Commission has terminated the anti-dumping proceedings against the company
In Tamil Nadu, Moser Baer will sell its DVDs and VCDs through 7,000 retail outlets.
Moser Baer India on Monday said it proposed to issue global depository receipts equivalent to 14.7 million underlying shares as well as warrants equivalent of 5.4 million shares to the affiliates of Warburg Pincus for raising over Rs 675 crore.
Optical storage major Moser Baer India has raised its earnings guidance to 30-35 per cent from 25-30 per cent in 2003-04.
Information technology company Moser Baer on Friday reported a 36.73 per cent rise in its net profit to Rs 324.43 crore (Rs 3,244.3 million) for the year ended March 2004 over the previous fiscal.
Optical storage maker Moser Baer is extending the price war in the home video market to new titles and films.
Moser Baer India Ltd, the world's third largest maker of recordable compact discs, said on Monday it had raised product prices by between 5 and 10 per cent because of a global shortage.
Moser Baer India Ltd has posted a net profit of Rs 648.87 million for the quarter ended December 31, 2002 as compared to net profit of Rs 601.49 million in the quarter ended December 31, 2001.
The case pertains to the 340 MW Seli Hydropower Electric Project on the Chenab river in Lahaul and Spiti district.
Nitin Bhatnagar, a Maltese citizen and a former relationship manager of the Bank of Singapore, was taken into custody under the provisions of the Prevention of Money Laundering Act on Tuesday.
"The response to these carts have been pleasing, we are planning to increase the number of carts to over 2,500 in this fiscal. It not only takes the product to the consumer right at his doorstep but also provides good employment opportunities," says G Dhananjay, chief operating officer of Moser Baer's entertainment division. As prices of DVDs and VCDs reach levels comparable to vegetables, the company is aggressively pushing its DVDs in the market.
Moser Baer Photo Voltaic, a wholly owned subsidiary of Moser Baer India, has acquired minority stake in Stion Corporation, a nanostructures technology company based in California, formerly NStructures.
India is becoming an attractive solar market and firms such as Moser Baer and US-based Signet Solar are confident of the growth in this market.
Deepak Puri, managing director of Moser Baer, the world's third largest manufacturer of optical media, is Dataquest's IT Man of the Year for 2003.
Moser Baer India, the world's third largest recordable compact disc maker (CD-Rs), said on Monday it would raise prices of its exports to the European Union to offset a duty being proposed by the European Commission.
In a chat with Business Standard, Blackstone India chairman and managing director Akhil Gupta says the PE player is eyeing investment opportunities in infrastructure and personal consumption-driven sectors and may raise an India-focused fund.
The Indian film industry joined hands with Hollywood on Wednesday to counter piracy.
A host of Indian companies, including Reliance Industries (RIL), Videocon, Moser Baer, Titan Energy, KSK Energy Ventures and Signet Solar, have submitted proposals worth over Rs 60,000 crore to the government for manufacturing wafers, polysilicon, solar cells, solar photovoltaic modules (SPV) and liquid crystal display (LCD) for semiconductor devices.
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