Nokia files more patent infringement suits against Apple

Nokia has filed further complaints alleging that Apple products infringe a number of Nokia patents, expanding its litigation originally announced on December 21. Across actions in 11 countries, there are now 40 patents in suit, which cover technologies such as display, user interface, software, antenna, chipsets and video coding, the company said. Cases have now been filed in Dusseldorf, Mannheim, Munich, Helsinki, London, Turin, Stockholm and Barcelona. The network equipment maker now has patent infringement suits against Apple in Barcelona, Tokyo, Texas and several other places including one with the…

Read More

Welspun says ‘Egyptian Cotton’ related US lawsuits not yet material

Welspun said it believed that two complaints against the company for allegedly using non-Egyptian cotton may or may not be allowed to proceed as class action lawsuits, and are therefore not yet ‘material’. The company was responding to a question by the stock exchanges of India on media reports that alleged that millions of dollars were being sought from the Indian textile manufacturer for mislabeling its products via a class action lawsuit. Unlike a regular lawsuit, a company hit by a class action lawsuit has to reimburse and pay damages…

Read More

Wipro says ESIC withholds dues under contract

IT provider Wipro Ltd said Indian government’s Employees’ State Insurance Corporation has withheld payments due to it after the completion of a project, and it will take legal action to recover the amount. The seven-year contract, named Project Panchdeep, was completed on June 08, 2016, and Wipro provided an additional three months of support. “Wipro will handover this project close of business hours on September 8, 2016,” the company said. “ESIC has withheld certain amounts due to Wipro in an ad-hoc and arbitrary manner, which has resulted in a significant…

Read More

ACC, Ambuja to challenge Competition Commission order

ACC Ltd and Ambuja Cements said they will challenge the fine imposed by the Competition Commission of India yesterday, and that a similar order passed by the CCI four years ago had been set aside by the Competition Appellate Tribunal in December last year. “We await receipt of a certified copy of the CCI Order. The Management believes that the company has a strong case on merits to challenge the CCI order and has accordingly decided to file an appeal before the COMPAT,” the companies said in identically worded statements. Explaining…

Read More

Finance Ministry DID NOT reject Tata arbitration payment – DoCoMo

Japanese telecom major DoCoMo said it was not aware of any new decision by the finance ministry on the issue of payment of arbitration amount by Tata Sons. A report by the Press Trust of India yesterday claimed that the Finance Ministry had rejected a proposal by the Reserve Bank of India to give an exemption to Tata Sons from a foreign exchange regulation that prevents guaranteed buyback pricing for equity deals. Under the rule — designed to prevent money laundering — no Indian company can guarantee a set buy…

Read More

DoCoMo reiterates Tata Sons must pay $1.17 bln

DoCoMo, the Japan-based telecom group and a partner of Tata Sons in their telecom venture in India, said there are no impediments for Tata Sons to pay the penalty awarded by the London Court of International Arbitration. DoCoMo said Tata Sons should not use a recent decision by the Reserve Bank of India against the payment of hard currency from India to DoCoMo as justification for delaying the implementation of the arbitration award. The following is the full statement from DoCoMo, as forwarded by Manash Neog, director of policy consulting…

Read More

Nestle says will work with govt to bring Maggi back

Nestle welcomed the decision by the Bombay High Court to lift the ban on Maggi noodles imposed by Food Safety and Standards Authority of India and said it expects to see the product back on shelves soon. “(We) will comply with the order to undertake fresh tests,” Nestle said on the order. “It is Nestlé India’s endeavour to get MAGGI Noodles back on the shelves as soon as possible for the benefit of our consumers.” It said the company remains committed to working with the FSSAI, FDA Maharashtra and other…

Read More

TV Today, NDTV confirm receipt of show-cause notice over Yakub Memon’s execution

NDTV and TV Today said they had received show cause notices from the ministry of information and broadcasting for airing programs on the suitability of the death penalty for Yakub Memon, who was hanged to death last week. “The Company firmly believes that it has not violated any law while covering the said news and is in the process of seeking legal opinion before responding to the said notice,” NDTV said. TV Today said: “The Company has received a show cause notice from the Ministry of Information and Broadcasting (MIB),…

Read More

Vedanta gets go-ahead for Goa iron ore mining

Vedanta Resources, the London-listed global mining giant, said it will today restart iron-ore mining at its mine at Codli in Sanguem taluka in Goa. “The Company has received the relevant consent, license and approvals in place to commence the iron-ore mining operations in the State of Goa for some of its leases,” Vedanta said. The company has been granted approval for total extraction of 5.5 million metric tons of which Codli is 3.1 million metric tons, it said. Iron ore mining in Goa had been suspended by the courts due…

Read More

No court summons over TDS – SpiceJet

SpiceJet denied media reports that it had been told to appear in an income tax case by a Delhi court. “..the Company has not received any summon or notice as reported in certain sections of the media,” it said in a letter to the BSE. Media has reported in recent days that a court has issued summons to SpiceJet Limited, its previous non-executive promoter Kalanidhi Maran and its previous Managing Director pertaining to the non-deposit of tax deducted at source (TDS). “The Company has been paying all its TDS dues…

Read More

Supreme Court stays CERC order on transfer of FTIL shares in IEX

Financial Technologies said that the Supreme Court has stayed an earlier order by the Central Electricity Regulatory Commission directing Indian Energy Exchange to transfer its shares in the exchange to a trust. The CERC issued the order on June 26, 2015, directing FTIL (Financial Technologies) to transfer its entire shareholding in the Trust Demat Account of IEX by July 2, 2015. The CERC order was based on an earlier order by the Forward Markets Commission that held that FTIL was not a fit and proper entity to run exchanges. “FTIL…

Read More

Dead insects in Fanta; Hindustan Coca-Cola to pay

The National Consumer Disputes Redressal Commission of India has dismissed an appeal by Hindustan Coca-Cola Beverages, a part of The Coca-Cola Company’s Bottling Investments Group, against an order by a lower court awarding compensation to customer who found dead insects floating inside a Fanta bottle. Asking for relief, Hindustan Coca-Cola said there was no proof that the Fanta bottle was actually manufactured by them. It argued that the bottle was spurious. “They contended that there is no evidence that the said bottle was actually manufactured by them,” said NCDRC, the…

Read More