The Adani story has only one angle -- how the stocks were rigged up to ridiculous heights, the Hindenburg report on gross overvaluation, followed by the vertical free fall of Adani stocks, points out Debashis Basu.
Social media giant accused of anti-competitive conduct by abusing its market power to create a monopoly and crushing smaller competitors.
Infosys on Friday said a class action lawsuit filed against the company and some of its employees in the US district court has been dismissed. The move comes after whistleblower complaints alleging certain unethical practices by the top management emerged in October last year.
Sequels, prequels, something new, something same, Sukanya Verma offers you your OTT menu this week.
Future Retail Ltd (FRL) on Wednesday held a meeting of its shareholders to consider and approve the sale of the company's retail assets to billionaire Mukesh Ambani's Reliance Retail Ventures Ltd. The meeting was chaired by Shailesh Haribhakti, FRL said in a regulatory filing. Haribhakti has been appointed by the NCLT to chair the meeting. The result of the voting will be announced in due course, it added.
A plumbing company in the American state of Texas has sued a Ford dealership in Houston for over $1 million (Rs 1.68 crore) after Islamic State terrorists were seen using his old truck, thousands of kilometres away in strife-torn Syria.
So far the government has been silent on the charges being levelled, even after the stock price rout. Perhaps it is hoping for the share price to settle so that the matter goes away, predicts Aakar Patel.
In a statement, Rosen Law Firm said it is investigating potential securities claims on behalf of shareholders of Infosys resulting from allegations that the company may have issued materially misleading business information to the investing public.
In a relief to Sahara, a US court has rejected a plea seeking to attach the Indian group's prized Plaza and Dream Downtown hotels.
Social media allowed them to connect even more directly with potential clients, and gave them multiple new marketing and outreach channels, explains Devangshu Datta.
The lawsuit alleged the Mumbai-based company duped hundreds of dealers and walked away with more than $60 million in cash and trade secrets, a release posted on PR Newswire website stated.
Ronnie Screwvala-led edtech unicorn upGrad, has filed a suit for trademark infringement against another EdTech company called Scaler. The suit has been filed in the Delhi high court for violation of intellectual property relating to upGrad's trademark. It has also sought damages of more than Rs 3 crore. upGrad accused Scaler of using its brand name 'upGrad' through Google Ads to appear on top of search results on Google Search Engine and in turn gaining illicit benefit.
"The company has been in touch with the Securities and Exchange Commission (SEC) regarding the anonymous whistleblower complaints (anonymous complaints) and has learnt that the SEC has initiated an investigation into this matter. The company will cooperate with the SEC's investigation," Infosys said in a statement.
Infosys on Tuesday said the US Securities and Exchange Commission has concluded the investigation into the whistleblower allegations made last year, and that it does not anticipate any further action by the regulator. In October last year, Infosys had informed stock exchanges of having received anonymous whistleblower complaints alleging certain unethical practices by the top management. It then started a probe into the matter and roped in external investigators.
The bench questioned as to how the belief of Hindu worshippers can be challenged with regard to existence of 'janmasthan' and said the "sanctity of belief" that Lord Ram took birth there and whether it was genuine or "frivolous" can only be tested under Hinduism.
The trial was closely watched by software developers, who feared an Oracle victory could spur more software copyright lawsuits.
Rajat Gupta's lawyer Rishi Bhandari said suit was filed in order to ensure that there was a designee on the board.
Mathew Martoma helped SAC reap more than $275 million profit.
An Indian-origin law student has sued Manhattan's top federal prosecutor Preet Bharara and the US Justice Department claiming she was unlawfully questioned and her cell phone confiscated after she sent letters to the presiding judge during Rajat Gupta's insider trading trial.
Jailed hedge-fund founder Raj Rajaratnam has agreed to pay $1.45 million to settle a civil lawsuit filed by US regulator SEC against him and India-born former Goldman Sachs director Rajat Gupta for their roles in one of the largest insider-trading schemes in US history.
Also to be questioned under oath by lawyers of the SEC and Gupta is Greg Ormond of Exemplar Wealth.
Company has submitted before the court that the plaintiff is attempting to attach property that falls outside of the jurisdiction of the court
The suit also said that The Post ran the stories 'in a desperate attempt to bolster' its sales.
The plaintiffs sought to represent all dealers who entered into agreements with Global Vehicles to sell Mahindra vehicles in the United States.
Organizers of the World Chess Championship sued on Monday to block a trio of website operators from broadcasting chess moves at the November 11-30 match in New York, which is expected to draw millions of online viewers.
Leading exchange BSE on Wednesday asked Infosys to explain why it did not make a disclosure about a whistleblower complaint which alleged that the company's top executives were following "unethical practices" to shore up profits through irregular accounting ways.
One of the subsidiaries of Sun Pharma has executed a settlement agreement with Novartis, stipulating a dismissal of the lawsuits filed in the United States against the company regarding submission of an Abbreviated New Drug Application for a generic version of Gleevec, the Indian drug major said in a statement.
Apple Inc. may have to pay hundreds of millions of dollars in royalties to Cisco Systems for the coveted iPhone trademark, industry experts believe.
The villagers, led by Budha Ismail Jam, along with several other farmers and fishermen, allege that coal-fired Tata Mundra Power Plant in Tunda village in Kutch district, has resulted in widespread environmental damages.
The port authority owns the World Trade Centre site and lost 84 of its employees in the September 11, 2001 attacks.
The verdict followed a $72 million jury award from the same court in February to the family of a woman, who died from ovarian cancer.
The order comes a day after Trump accused Twitter of election interference, after it added fact-check links to two of his tweets.
Bangladesh labour activists said on Friday they had joined a lawsuit in Switzerland against world soccer body FIFA for allegedly failing to use its influence to ensure people working on 2022 World Cup facilities in Qatar are treated fairly.
Sensex, Nifty put up a good show in closing trade.
Novartis said it is partnered with generic drugmaker Lupin Ltd to sell the drug in India
'The credit for managing Trump should go to Modi.' 'Biden is a predictable and rational person with plenty of administrative experience,' notes Ambassador T P Sreenivasan.
'I was attracted to her both as a fine co-star and as a person who had some of the attributes I hoped to find in a woman at that age and time,' says Dilip Kumar in his autobiography, Dilip Kumar: The Substance And The Shadow.
Patent fees will likely squeeze margins, and in turn the company's valuation.
Legal experts fear such shareholder activism could turn into a class-action suit against Infosys
Over-expansion, bad management, and multiple allegations irreparably taint Malvinder and Shivinder Singh
