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 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.
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.
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.
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.
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.
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.
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.
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.
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 company has entered into a definitive agreement with Philips for the acquisition, Moser Baer informed the Bombay Stock Exchange.
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.
Pirates won't have it easy any more as the organised market gets savvy.
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.
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
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.
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.
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.
Optical storage major Moser Baer India has raised its earnings guidance to 30-35 per cent from 25-30 per cent in 2003-04.
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.
Ratul Puri, already under probe scanner of the agency in the AgustaWestland VVIP chopper case, has been arrested by the Enforcement Directorate in connection with a Rs 354 crore bank loan fraud case.
India said on Tuesday it was investigating US policies supporting solar panel makers, the latest move in an escalating row over renewable energy that has worsened already strained ties between the two countries.
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