BUSINESS
Startup accuses LG Household & Health Care of idea theft
Prinker said LG H&H applied for a design patent under the name of "tattoo printer" in September 2020 after the two signed a nondisclosure agreement for a potential business partnership in June 2019. The startup claimed LG H&H's portable temporary tattoo printer, called IMPRINTU, shares various similarities in terms of concept, design and size with Prinker M, noting LG H&H had purchased Prinker's devices, reports Yonhap news agency.
Higher user growth, ARPU, lower churn analysts favour Bharti Airtel stock
Research analysts of various firms have recommended a buy rating for the stock with a target price ranging between Rs 775 to Rs 1,040. According to Morgan Stanley, the telecom major had a net 4G subscriber addition of 6.2 million quarter-on-quarter (QoQ) -- the strongest in the last five quarters. The company reported total subscribers of 332 million.
Carlyle Aviation to pick up 7.5% stake in SpiceJet
Aircraft lessor, Carlyle Aviation Partners is the commercial aviation investment and servicing arm of Carlyle's $143 billion Global Credit platform. The transaction will wipe out over $100 million debt of SpiceJet, thereby strengthening its balance sheet for future expansion. The move will substantially deleverage the company's balance sheet.
Essar launches EET to invest $3.6 bn in energy transition in UK, India
EET plans to invest a total of $3.6 billion in developing a range of low carbon energy transition projects over the next five years, of which $2.4 billion will be invested across its site at Stanlow, between Liverpool and Manchester and $1.2 billion in India. The EET will include Essar Oil UK, the company's refining and marketing business in North West England; Vertex Hydrogen, which is developing 1 gigawatt (GW) of blue hydrogen for the UK market.
Air India's order for record 470 aircraft from Airbus, Boeing will be nearly $70bn: CEO
While addressing a virtual conference on Monday, the CEO also said that the process of integration of Vistara with Air India is underway and is now awaiting approval from regulatory bodies.Wilson informed that the airline plans to fund the order with a combination of many resources, including internal cash flow, shareholder equity and sale-and-leaseback of aircraft.
Consumer demand to stay low, tough times ahead for Indian startups
There is an ongoing risk of further escalation in the war on Ukraine and the current wheat crop being impacted by hot weather conditions, according to market research firm Redseer Strategy Consultants.Consumer perception of the general economic condition continues to be pessimistic as per the Reserve Bank of India's Consumer Confidence Survey of January 2023.
Adani Ports beats own milestone as cargo volumes cross 300 MMT in just 329 days
APSEZ has registered unprecedented growth since it started operations over two decades ago and continues to outperform all India cargo volume growth, with its market share rising rapidly. "The improvement in cargo volumes is testimony to the faith that our customers have in us," APSEZ CEO and Whole Time Director Karan Adani said.
Warren Buffett targets Biden on share repurchases
Berkshire's operating profit, or the total profit from core operations before tax and interest, was $6.7 billion in the fourth quarter last year, Buffett said in his highly-anticipated annual shareholder letter on Saturday. That was a nearly 8 per cent drop from the company's third quarter earnings of $7.8 billion, the CNN reported.
'More value to be discovered, NCLT has usurped the jurisdiction of the CoC', RCap to NCLAT
Earlier this month, NCLAT had issued notices to Torrent Investments and other respondents on a petition filed by the lender of Reliance Capital seeking a second round of financial bids for the debt-ridden firm, currently going through insolvency resolution process. Vistra ITCL (India) Ltd, one of the members of the CoC of Reliance Capital, has moved NCLAT against an NCLT order.
Chinese brands surge in Russia after global brands pulled out
The companies benefiting: Chinese competitors. Smartphone giant Xiaomi and automaker Geely are among those that have seen sales surge in recent months, industry data shows, CNN reported. Where iPhones and Samsung Galaxies were once bestsellers, models from Xiaomi and another Chinese vendor, Realme, now top the sales charts, according to Counterpoint Research.
Don't Miss
Advertisement