Rain Industries: Adverse SC action has material impact on business model; stay cautious

Rain Industries: Adverse SC action has material impact on business model; stay cautious

In an adverse legal development, the Supreme Court (SC) has disallowed Rain industries’ applications which would have a material impact on its business. The apex court disallowed the company’s petition requesting a higher import quota of key raw material – green...
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US to announce trade action against China

US to announce trade action against China

The United States will launch a trade action next week that could lead to a full-fledged investigation into China’s “unreasonable or discriminatory” intellectual property laws, policies and practices that harmful to America, with the possibility of punit...
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Apple Hit by Class Action Lawsuit Alleging It Forced Users to Move to iOS 7

Apple Hit by Class Action Lawsuit Alleging It Forced Users to Move to iOS 7

In a new development, Apple has been slapped with a class action lawsuit in California for indulging in unethical practices to force people to shift to iOS 7. The company has been accused of breaking FaceTime on iOS 6 intentionally,...
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RBI Denies Taking Action Against Cancelling Axis Bank’s Licence

RBI Denies Taking Action Against Cancelling Axis Bank’s Licence

Amid rumours that India’s third biggest private sector lender- Axis Bank could lose its licence over alleged money laundering activities involving the suspended employees, the Reserve Bank of India clarified that it has not initiated any action to cancel...
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RBI Warns Banks Of Stern Action For Mis-Selling Of Insurance Products

RBI Warns Banks Of Stern Action For Mis-Selling Of Insurance Products

Mumbai: In a stern message to banks, Reserve Bank of India Deputy Governor S S Mundra on Tuesday said the central bank is “deeply concerned” about mis-selling of insurance products, warning that it may press for making penal provisions more...
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Book LTC Tickets On Lowest Fare Or Face Action: Government To Staff

Book LTC Tickets On Lowest Fare Or Face Action: Government To Staff

Representational image New Delhi: Employees who fail to buy air tickets at the lowest price available on the day while undertaking a journey on Leave Travel Concession (LTC) claim will face severe penal action, as per the draft guidelines finalised...
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