Coca-Cola announced its interest in a statement on Monday, responding to a report from BNN Bloomberg that said it was in talks with Canada's Aurora Cannabis Inc to develop drinks infused with cannabidiol (CBD), the non-psychoactive chemical found in marijuana.
Uber and Careem held preliminary talks in July to combine their Middle Eastern ride-hailing services, hoping to resolve a costly rivalry in the region.
In a letter to the RP and SBI, Numetal alleges default by firms owned by Vinod Mittal and Pramod Mittal
While the company did not confirm the exact numbers to be affected by the change in production schedule, an estimated 1,000 of the 2,000 workers at the Castle Bromwich plant are expected to be moved to a three-day week.
The addition of OnePlus TV to its product portfolio will enable the company to tap on the growing television market in India.
"At present, our revenue from laminates is Rs 400 crore but with the recent expansion, the capacity will be raised to 6.8 million sheets a year by January 2019 and revenue will jump to about Rs 600 crore," Bhajanka said.
Sony will continue to enhance its premium line-up in its Bravia TV range, which are 55-inch and above screen sizes, to cater the niche customers and chase more value and strong foothold, Sony India Managing Director Sunil Nayyar said.
ArcelorMittal said it had mailed the September 15 letter "inadvertently" to Essar Steel's resolution professional.
Financial institutions today are able to gauge how risk-heavy a particular loan applicant could be, using vast data reams and financial records. Ever-increasing analytic capabilities are crunching on this data to streamline specific processes.
The announcement was made after a meeting on ‘alternative mechanism’ set up to consider consolidation in the banking sector.
As the use of cloud computing spreads to support digital business efforts, risk executives are wary of emerging cloud-based data management risks.
"Last year we did Rs 850 crore turnover and this year we expect to cross Rs 950 crore," Kent RO Systems Chairman Mahesh Gupta told reporters after launching its new range of water purifiers.
The Godrej Group firm will allot 34.07 crore fully paid-up bonus equity shares to existing shareholders, according to a BSE filing.
It has downgraded the long-term rating for the bank's Rs 3,000-crore Basel III compliant tier II bonds to A+ from AA- and Rs 1,200-crore Basel II compliant lower tier II bonds to A+ from AA-.
"Infosys has made an additional investment of $1.5 million through the Infosys Innovation Fund in TidalScale Inc, the company at the heart of the software-defined server revolution," the Indian software major said in a statement.
Chola Monday announced that it has issued unlisted non-convertible debentures (NCDs) in tenors of 3-5 years for Rs 1,056.90 crore (USD 150 million) to Asian Development Bank (ADB).
The sale process also comes after the Supreme Court, last week, asked banks to not proceed with the insolvency process for assets in the power, shipping, textile and sugar sectors
ArcelorMittal, which is competing against Numetal Ltd and Vedanta for the takeover of Essar Steel, on September 15 wrote a six-page letter to the Resolution Professional overseeing the auction of debt-laden steel producer, according to the letter.
The company has a unit at Faridabad (Haryana) where it makes machines used for railway track maintenance, laying down of tracks, their alignment etc, he said.
It also suggested a confidentiality clause in the settlement mechanism, wherein identity of the applicant will not be disclosed to garner information of defaults along with possible violations from defaulters in the securities.
The association will help IIT-Madras, which is engaged in honing talent in digital technology along with industry-specific knowledge and resources, accelerate the growth and adoption of data science and AI globally
The move would enable air passengers book cabs with the help of Ola representatives at the kiosks outside the arrival terminals of the domestic and international airports, a press release said.
The company, which Monday inked a pact with UK-based Tinsley Bridge Limited (TBL) for technology transfer, also plans to introduce two new products stabilizer bars and U-bolts as part of the product expansion plan.
According to the EY-IVCA latest report, the first half of this year has seen the highest ever half-yearly PE/VC investment in the financial services sector with $4.2 billion invested across 74 deals.
Such subsidised imports into India are causing material injury to the domestic industry through their volume and price effects, it said.