The Madras High Court on December 6th, 2021 directed the airline to wind up for non-payment of over $24 million to SR Technics, a Swiss company that maintains, repairs, overhauls aircraft engines and components. However, the judge then stayed the order for a period of three weeks to enable SpiceJet to go for appeal. The … Read more
The U.S. securities regulator has opened an investigation into Tesla Inc over a whistleblower complaint that the company failed to properly notify its shareholders and the public of fire risks associated with solar panel system defects over several years, according to a letter from the agency. The probe raises regulatory pressure on the world’s most … Read more
Moderna and BioNTech plunged more than 16% on Monday amid a critical tweet from Senator Bernie Sanders. Sanders highlighted the surge in the companies’ stock prices after the Omicron variant was identified. “It’s time for these pharmaceutical companies to share their vaccines with the world and start controlling their greed,” Sanders tweeted. Shares of COVID-19 … Read more
Eris has formed a JV with MJ Biopharm for this purpose. Key points to note – Eris will hold 70% of the JV and MJ 30%. MJ is also getting Rs 15 crore as one time lump sum licence fee. MJ will be responsible for development of products and Eris marketing of those. JV seems … Read more
The $4.3 billion Hilton hotel is filled with all the classic Las Vegas accoutrements, like plenty of food, gambling opportunities, pools, and watering holes. Resorts World Las Vegas. John Locher/AP Photo But unlike many of the Strip predecessors, Resorts World’s amenities have a tech-friendly twist, such as the option to pay with cryptocurrency. The … Read more
Larsen & Toubro Ltd. (L&T) and ReNew Power, a renewable energy company (promoted by Sumant Sinha), have entered into a partnership agreement to tap the emerging green hydrogen business in India. Under this agreement, L&T and ReNew will jointly develop, own, execute and operate green hydrogen projects in the country and in other countries. “It … Read more
Nykaa, started as an online beauty retailing venture has plans to go aggressive on the offline ramp-up. It targets to reach 300 stores across 100 cities as against 84 stores across 40 cities currently. The Promoter CEO, Ms Falguni Nayar, however, declined to provide any specific timelines to achieve this target. It’s interesting that initially … Read more