On Tuesday, the Supreme Court docket denied a bid by patent holding firm VirnetX to revive a $503 million patent infringement case towards Apple, ending a 14-year authorized battle between the 2 corporations. The choice upholds a March 2023 appeals courtroom ruling that invalidated two VirnetX patents associated to digital…
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Sebi Uncovers $241 Million Accounting Challenge at Zee | India Enterprise Information
As a part of its investigation into the Zee founders, the Securities and Change Board of India, or Sebi, discovered that about 20 billion rupees ($241 million) could have been diverted from the corporate, mentioned individuals aware of the matter who didn’t need to be recognized as the data shouldn’t…
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Sakhalin-I fund: OVL seems to be to switch $600 million in roubles
NEW DELHI: ONGC Videsh (OVL) is transferring to switch about $600 million in roubles to Russia as its contribution in ‘abandonment fund’ for securing deserted wells within the Sakhalin-I oil venture, assembly a situation for registering its 20% stake with the brand new operator appointed by Moscow after ExxonMobil’s exit…
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Worrying Boat Knowledge Breach: Extra Than 7.5 Million Clients At Threat Of Main Cyber Assault
Boat from India has reportedly confronted a serious breach that impacts greater than 7 million prospects of the audio firm. Boat is among the high promoting manufacturers within the inexpensive audio phase, which has catapulted the model to the highest of the worldwide charts in the previous couple of years.…
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India wants 1 million quick chargers to turn into 100% electrical in 2 and three wheelers by 2030: Former Niti Aayog CEO Amitabh Kant
NEW DELHI: India should go 100 per cent electrical in 2-wheelers and 3-wheelers by 2030 and turn into a worldwide EV manufacturing champion, the G20 Sherpa and former CEO Niti Aayog, Amitabh Kant, stated on Saturday. Kant emphasised the urgency for India to transition its automotive sector in direction of…
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Pakistan to faucet China for $300 million debut Panda bonds
Pakistan’s new finance minister mentioned he’s eager to faucet Chinese language buyers by promoting as a lot as $300 million in Panda bonds for the primary time ever this yr. Promoting yuan-denominated debt will permit Pakistan to diversify its funding sources and attain buyers in a brand new market, Muhammad…
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Fb co-founder’s fund will get $750 million
MUMBAI: B Capital, a world multi-stage funding agency led by Fb (now Meta) co-founder Eduardo Saverin, has raised $750 million for its Alternatives Fund II. B Capital has backed Indian startups like Meesho, Byju’s, PharmEasy and Khatabook. #Fb #cofounders #fund #million
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India’s first battery storage gigafactory to start out working by October in Jammu and Kashmir; to assist minimize 5 million tons carbon emissions per yr
GoodEnough Vitality has introduced plans to launch India’s first battery vitality storage gigafactory in Jammu and Kashmir by October. The power goals to cut back over 5 million tons of carbon emissions yearly, supporting India’s purpose of reaching web zero by 2070. This discount is equal to the Indian Railway’s…
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Byju’s should freeze $533 million in win for lenders, US decide says
Indian tech agency Assume & Be taught Pvt should freeze $533 million to guard the cash for disgruntled lenders who declare the money ought to solely be used to pay them, a US decide stated Thursday.The choice by US Chapter Decide John Dorsey was a combined victory for lenders. They…
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Tata Capital plans to lift $750 million in debut international funding subsequent fiscal yr
MUMBAI: Tata Capital is taking a look at abroad fundraising for the very first time and hopes to lift round $750 million by way of offshore bonds or loans within the subsequent fiscal yr beginning in April, a senior firm official advised Reuters on Wednesday. “The company, as a part…
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Adani invests $362 million to construct two native defence factories | India Enterprise Information
Billionaire Gautam Adani’s conglomerate began two protection amenities in northern India this week at an funding of 30 billion rupees ($362 million), bolstering the nation’s marketing campaign to change into self-reliant and promote native manufacturing. Constructed by Adani Defence & Aerospace, a carefully held agency within the Adani Group, at…
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Organic E to make 50 million doses of Takeda’s dengue vaccine QDENGA
HYDERABAD: Japanese pharma large Takeda has entered right into a strategic partnership with Hyderabad-based biopharma participant Organic E Restricted (BE), to fabricate as much as 50 million doses of Takeda’s dengue vaccine QDENGA every year.Takeda stated this tie-up will speed up its capacity to ship 100 million doses of the…
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India’s metal exports attain 18-month excessive to 1.1 million tonnes in Jan | India Enterprise Information
NEW DELHI: India’s metal exports reached an 18-month excessive of 1.1 million tonnes in January 2024, pushed by elevated demand from the European Union and beneficial international costs, in keeping with a report by SteelMint. “Good restocking demand from the European Union (EU) contributed 67 per cent of the 1.11…
