Business

Nike Inc has sold out 61 percent more merchandise since the controversial ad campaign featuring former NFL player Colin Kaepernick appeared earlier this month.

The order, dated September 18, was based on a complaint of profiteering filed by 109 home buyers of two affordable housing projects of Pyramid Infratech — Urban Homes, Sector 70A, Gurugram and Urban Homes, Sector-86, Gurugram.

So far, the DRI has issued 14 LRs to multiple foreign jurisdictions seeking information in the alleged over-valuation of imports of Indonesian coal.

As per the country’s foreign direct investment rules, 51 per cent FDI is allowed in multi-brand retail while 100 per cent FDI is allowed in cash-and-carry ventures.

Both Chanda Kochhar and ICICI bank have maintained there has been no regulatory violation on their part and that Kochhar was not aware of specific business dealings of her husband.

Anil Ambani also thanked his elder brother Mukesh Ambani, who is credited with conceptualising the undivided group's telecom foray and also bought the assets as part of the beleaguered RCom's monetisation efforts.

Infosys had agreed to pay Rajiv Bansal a severance amount of Rs17.38 crore or 24 months of salary, but the company suspended payments after he got Rs 5 crore as co-founders objected to the severance pay as being excessive in nature.

Ola, which is already running its operations in Australia and the United Kingdom, will provide services in Auckland, Christchurch and Wellington.

ArcelorMittal on September 15 wrote to Essar Steel’s RP a letter relating to Vedanta’s alleged environmental law violations in India and Zambia, illegal mining, disregard for safety standards and human rights violations.

The purchase of Time by Benioff continues a trend of acquisitions of old-line media institutions by wealthy tech giants.

BMW management board member Klaus Froehlich said automakers and large suppliers are beginning to discuss how to agree on one standard for autonomous-vehicle systems.

LIC managing director Hemant Bhargava who was the non-executive chairman of IL&FS, has stepped down from the position with immediate effect, but will continue to be on the board as a director.

IL&FS has a debt pile of Rs 91,000 crore, with Rs 57,000 crore due to banks, mostly to state-run lenders. Its roads development subsidiary has a debt burden of Rs 35,000 crore.

A counsel for Religare Enterprises, which was also a respondent in the case, said there were allegations against the company of siphoning off of funds by the Singh brothers.

The court allowed the company to sell its drug — Ace Proxyvon — and also asked the Health Ministry to place before it all relevant reports on basis of which it had arrived at the decision to ban the medicine.

Officials from the company based in United Arab Emirates (UAE) met state government officials in this regard at Gandhinagar.

A memorandum of understanding in this regard was signed between the company and Gujarat government on Friday.

The original VW Beetle, developed in the 1930s, made a journey from a product identified with Adolf Hitler to a symbol of Germany's rebirth as a democratic, industrial powerhouse after World War Two.

The brothers are former promoters of Fortis Healthcare, REL as well as Ranbaxy Laboratories. RHC Holding is an investment firm controlled by them.