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Dr Reddy’s hit by class action suit on “misleading statements” on FDA action

Pharma giant Dr Reddy's Labs today said that a class action lawsuit has been filed against it on behalf of shareholders, alleging that the company misled investors causing them to lose money on their investments."The lawsuit alleges that the company made materially false and/or misleading statements or omissions in

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Supreme Court refuses to change decision in Saumya murder case

The Supreme Court has dismissed a curative petition filed by the Kerala Government against its decision finding the main accused not guilty in the prominent Saumya rape and murder case of Kerala.The case, analogous to the Nirbhaya episode of Delhi, had shocked the state.The incident happened in 2011, when 23-year-old Soumya

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Nokia files more patent infringement suits against Apple

Nokia has filed further complaints alleging that Apple products infringe a number of Nokia patents, expanding its litigation originally announced on December 21. Across actions in 11 countries, there are now 40 patents in suit, which cover technologies such as display, user interface, software, antenna, chipsets and video coding, the

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Wipro says ESIC withholds dues under contract

IT provider Wipro Ltd said Indian government's Employees' State Insurance Corporation has withheld payments due to it after the completion of a project, and it will take legal action to recover the amount.The seven-year contract, named Project Panchdeep, was completed on June 08, 2016, and Wipro provided an additional three

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Supreme Court stays CERC order on transfer of FTIL shares in IEX

Financial Technologies said that the Supreme Court has stayed an earlier order by the Central Electricity Regulatory Commission directing Indian Energy Exchange to transfer its shares in the exchange to a trust.The CERC issued the order on June 26, 2015, directing FTIL (Financial Technologies) to transfer its entire shareholding in

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Dead insects in Fanta; Hindustan Coca-Cola to pay

The National Consumer Disputes Redressal Commission of India has dismissed an appeal by Hindustan Coca-Cola Beverages, a part of The Coca-Cola Company’s Bottling Investments Group, against an order by a lower court awarding compensation to customer who found dead insects floating inside a Fanta bottle.Asking for relief, Hindustan Coca-Cola said

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