Tech Mahindra gets Bombay High Court relief on bonus payment
The
Bombay High Court has passed an interim order staying the retrospective
operation of the Payment of Bonus (Amendment) Act, 2015.
The
verdict was passed based on a writ petition filed by Tech Mahindra and also
directed the Union Government not to take any coercive action till a final
order is passed in the matter.
Tech
Mahindra had challenged that the retrospective operation of the Amendment Act
with effect from April 1, 2014.
M&M aims to double market share in MHCV segment
M&M
to enter intermediate CV market and strengthen bus portfolio; aims at doubling
market share in MHCV segment over the next two years
M&M
is set to enter the intermediate CV space, a category it is absent in, and is
putting Rs 700 crore for this, over three years. M&M plans to come up with
11 different products in the six to 16-tonne category (ICV space).
Info Edge subsidiary partner for Apple's new Maps platform
Info Edge: Zomato (a subsidiary of Info Edge) is one of the launch
partners for Apple's new Maps platform
Zomato is among the launch partners for Apple's new maps platform.
This new platform, dubbed as Map extensions, will allow third party developers
to integrate their app functionalities directly into Apple Maps in iOS 10.
Zomato told that customers will be able to make table bookings
from within Apple Maps.
Bharti Airtel, Singtel join hands to provide data network
coverage
Singapore Telecommunications Limited ( Singtel) and Bharti
Airtel has announced that they have joined hands to deliver high-speed,
secure data network coverage to Asia-Pacific, the Middle East, Africa, Europe
and the US.
The companies have combined resources into one network to provide
high speed data connectivity to 325 cities across the world through 370 Points
of Presence (PoP). This will form one of the largest Internet Protocol Virtual
Private Networks (IP VPN) globally.
Dewan Housing to issue NCDs on private placement basis
Leading housing finance company, Dewan Housing Finance Corporation
has announced that it is planning to issue Secured Redeemable Non-Convertible
Debentures amounting to Rs400 crore and a Greenshoe option upto Rs175 crore on
Private Placement basis.
Aurobindo gets USFDA nod for minocycline hydrochloride
Aurobindo gets USFDA nod for minocycline hydrochloride extended
release tablets, used to treat bacterial infections such as urinary tract
infections, respiratory infections, skin infections, severe acne and others –
Positive for Aurobindo.
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