SC tells Oppo to pay 23% of sale revenue in India to Nokia till Aug 25

The Supreme Court on Friday dismissed Oppo’s challenge to the recent Delhi High Court Division Bench order directing Oppo to deposit 23 per cent of the amount generated from its sales in India for infringing upon Nokia’s patent. The HC order asked Oppo to furnish security payment of the India portion of the… Continue reading SC tells Oppo to pay 23% of sale revenue in India to Nokia till Aug 25

McLeod Russel inks deal with Carbon Resources for sale of gardens

McLeod’s crop in India is about 45 million kg (mkg) across 31 estates in Assam and two in Dooars. India’s largest bulk tea producer, McLeod Russel India, has reached an understanding with electrode paste maker Carbon Resources, owned by the Jalans, for sale of tea estates. The size of the deal pegged at Rs… Continue reading McLeod Russel inks deal with Carbon Resources for sale of gardens

Cipla hits new high; up 6% on promoter stake sale buzz, strong Q1 results

Shares of Cipla hit a new high of Rs 1,238.55, as the rallied 6 per cent on the BSE in Friday’s intra-day trade, extending its past one week gain, on buzz that the promoters are looking to sell a part stake to private equity investors. In past seven trading sessions, the stock has surged 16… Continue reading Cipla hits new high; up 6% on promoter stake sale buzz, strong Q1 results

Top Russian official pitched N Korea on increasing sale of munitions: WH

The White House on Thursday said US intelligence officials have determined that Russian Defence Minister Sergei Shoigu spoke last week to North Korean officials during a visit to Pyongyang about increasing the sale of munitions to Moscow for its war in Ukraine. Shoigu made the pitch during his visit to North Korea for… Continue reading Top Russian official pitched N Korea on increasing sale of munitions: WH

Sebi keeps in abeyance the proposed IPO sale of securities depository NSDL

Capital markets regulator Sebi has kept in ‘abeyance’ the proposed initial share sale of securities depository NSDL. However, the Securities and Exchange Board of India (Sebi) did not clarify further. The National Securities Depository Ltd (NSDL) filed its preliminary papers with the capital markets regulator on July 7. Going by the… Continue reading Sebi keeps in abeyance the proposed IPO sale of securities depository NSDL

Dates, Timing and Items for Sale

Amazon Great Freedom Festival Sale 2023 will start on August 4, and the event will conclude on August 8. The sale will offer products from different categories, including smartphones, electronics, fashion and beauty essentials, groceries, appliances, TV, gadgets and much more at a discounted price. The festive sale will offer many lucrative offers… Continue reading Dates, Timing and Items for Sale

Amazon Great Freedom Festival Sale to start from August 4: Check details

Amazon has announced the ‘Great Freedom Festival Sale’, which will kick off at midnight on August 4 and will run until August 8, with a number of deals on a number of products. Prime members will have a 12-hour early access, starting from noon on August 3. A wide range of products… Continue reading Amazon Great Freedom Festival Sale to start from August 4: Check details

Brookfield India REIT raises Rs 2,305 cr through sale of units to investors

Brookfield India Real Estate Trust has raised Rs 2,305 crore by selling units to institutional investors on private placement basis and will mainly use this fund for acquisition of two assets in Gurugram and Mumbai. In a regulatory filing, Brookprop Management Services Pvt Ltd, which is manager to Brookfield India REIT, informed that… Continue reading Brookfield India REIT raises Rs 2,305 cr through sale of units to investors

Tata Industries reports Rs 2,043 crore loss on Tata Unistore sale

Tata Industries, the unlisted subsidiary of Tata Sons, has incurred a massive loss of Rs 2,043 crore in the fiscal year ending March 2023 on the sale of its 97 stake in Tata Unistore Ltd, a retail e-commerce portal, to Tata Digital Pvt Ltd. As per company filings, Tata Industries sold Tata Unistore… Continue reading Tata Industries reports Rs 2,043 crore loss on Tata Unistore sale