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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
