Company News

Motorola Sues Ex-Executive For Disclosing Business Secrets to Apple

Motorola Inc. (MOT) has alleged one of it ex-executive of disclosing trade secrets to Apple. Former executive of Motorola, Mr. Michael Fenger is serving as an employ of Apple. He joined Apple as the vice president of global iPhone sales.

Motorola has filed a case against him for information leakage in an Illinois circuit court in Cook County. He served as the senior vice president of mobile devices for the Europe, Middle East and Africa regions for Motorola handsets. The company had an agreement of two years with him. He left Motorola in March and joined Apple by breaking the agreement.

RIL starts arbitration clause against RCOM

RIL CMD Mukesh Ambani started arbitration process against his younger brother Anil's company Reliance Communications (RCOM). Thus fight between two brothers is further increased on MTN issue.

MindTree Consulting raises Rs 100 crore loans from HSBC & Citibank

MindTree Limited, a global IT and R&D Services Company has informed that it has raised about Rs 100-crore loans from HSBC and Citibank on a long-term basis to meet its operational expenses and

Eros Multimedia inks deal with Hungama Mobile

Eros Multimedia, the Indian arm of Eros International plc (“Eros”), has inked a two-year minimum guarantee output deal with India’s Hungama Mobile, an established player in the mobile content distr

Haldia Development signs ‘Concession Agreement’ with three firms for water supply project

Haldia Development Authority (HDA) has entered into a concession agreement with a consortium consisting of Jamshedpur Utilities & Services Company Ltd.

ICI India to setup new decorative paint plant by 2010

ICI India Limited, a subsidiary of AkzoNobel NV of Netherlands, plans to nearly double its production capacity by setting up a new decorative paints plant.

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