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  • Companies

    Tesla denies claims of firing employees over COVID-19 related absence

    Tesla Inc on Thursday denied media reports and said it had not fired employees who chose to stay at home during the coronavirus pandemic over safety concerns at the carmaker's California factory. The electric carmaker said in a blog post it had waived its attendance policy for several weeks after getting approval to reopen factories and offered employees "a window of time...

    • 3 hrs ago
  • Telangana

    GVK, son in CBI net for Rs 705 crore airport scandal

    Mumbai: The Central Bureau of Investigation (CBI) on Thursday registered a case against Dr G. Venkata Krishna (GVK) Reddy, chairman of the GVK Group of companies, and his son G.V. Sanjay Reddy, the managing director of Mumbai International Airport Ltd (MIAL), and few others, for alleged irregularities worth Rs 705 crore in the running of the airport. The agency also carried out searches at...

    • 5 hrs ago
  • Companies

    Intel to invest Rs 1,895 crore in Reliance's digital unit

    New Delhi: Electronic chip maker Intel's investment arm, Intel Capital, will buy 0.39 per cent stake in billionaire Mukesh Ambani's digital unit, Jio Platforms, for Rs 1,894.50 crore, the company said on Friday. Intel Capital is 12th company to join the list of marquee firms who have recently invested in Jio Platforms, taking the total investment amount to Rs 1,17,588.45 crore. ...

    • 6 hrs ago
  • Top Stories

    HUL rebrands 'Fair & Lovely' as 'Glow & Lovely' amid debate on colourism

    FMCG major Hindustan Unilever (HUL) on Thursday said it has rebranded its popular skincare brand Fair & Lovely as 'Glow & Lovely' after dropping the word fair in its name. According to the company, it is taking a more inclusive vision of positive beauty while introducing Glow & Lovely -- the new name for the brand. Meanwhile, the men's range of its products will...

    • 11 hrs ago
  • Companies

    Apple supplier Foxconn, others hit as India holds up imports from China

    NEW DELHI: India's additional scrutiny of imports from China has disrupted operations at plants owned by Apple supplier Foxconn in southern India, three sources told Reuters, and other foreign firms are also facing delays as tensions between the two countries build. Customs officers at Indian ports have held back shipments from China and sought additional clearances after...

    • 23 hrs ago
  • Companies

    Novartis reaches $678 million settlement with US authorities over doctor-bribe claims

    New York: Novartis Pharmaceutical Corp. will pay $678 million to the U.S. government and various states to settle a lawsuit over a sham speaker programme that distributed cash, expensive dinners and other treats to induce doctors to prescribe its products, federal authorities announced Wednesday. The settlement of the lawsuit was announced by Acting Manhattan...

    • yesterday
  • Companies

    Cisco accused of job discrimination based on Indian employee's caste

    OAKLAND: California regulators sued Cisco Systems Inc on Tuesday, accusing it of discriminating against an Indian-American employee and allowing him to be harassed by two managers because he was from a lower Indian caste than them. U.S. employment law does not specifically bar caste-based discrimination, but California's Department of Fair Employment and Housing contends in...

    • 2 days ago
  • Top Stories

    Patanjali coronil gets AYUSH ministry nod, but not as COVID19 drug

    Haridwar/New Delhi: Yoga guru Ramdev's Patanjali Ayurved on Wednesday said there are no AYUSH Ministry restrictions on selling Coronil, a drug the company recently launched as a medicine for COVID-19 but is now calling it a product to “manage” the disease. The Union ministry confirmed that Patanjali can sell the product but not as a cure for COVID-19. “AYUSH Ministry has...

    • 2 days ago
  • Companies

    Fujifilm partners with Dr Reddy's to sell Avigan for COVID-19 treatment

    TOKYO: Japan's Fujifilm Holdings Corp said on Wednesday it was partnering with Dr Reddy's Laboratories to sell the anti-flu drug Avigan in India and elsewhere to treat COVID-19, the respiratory disease caused by the coronavirus. The agreement provides for Fujifilm Toyama Chemical, a unit of the Japanese company, to grant Dr. Reddy's and Dubai-based Global Response Aid the...

    • 2 days ago
  • Companies

    Carlyle to buy 25% stake in Bharti Airtel's data centre business

    New Delhi: The Carlyle Group will acquire about 25 per cent stake in Airtel's data centre business, Nxtra Data, for USD 235 million (about Rs 1,780 crore), the company said in a statement on Wednesday. This will peg the enterprise valuation of Nxtra at USD 1.2 billion which is over Rs 9,084 crore. On completion of the deal, Carlyle will hold about 25 per cent stake in the...

    • 2 days ago