Company Updates

ICICI Bank Pays Over Rs 15 Lakh As Compensation To Dead Customer’s Wife

ICICI Bank

Gammon India Fined 10% of Project Cost for Flyover Collapse

New Delhi: The research team on the flyover collapse in Hyderabad has given a clean chit to Gammon India. The report stated that heavy rains were the main reason for the collapse.

But it added that Gammon had not taken enough care, regardless of facts and skill.

Gammon India has been penalized 10% of the entire project cost.

The report told that the collapse was because of soil erosion caused by digging of trenches by the water board, for which action should be taken against the Greater Hyderabad Municipal Corporation or GHMC.

Lupin Gets Hold Of Rubamin's Arm

Lupin Limited

Caraco Pharmaceuticals gets FDA Approval for generic Methimazole

Caraco Pharmaceuticals

Detroit-based Caraco Pharmaceutical Laboratories Ltd. has announced that its generic drug Methimazole has been granted final approval by U.S. health. The tablet used for treatment of hyperthyroidism will be sold in 5mg and 10mg strengths by the company under brand name Northyx.

Sistema enters Indian Telecom market with 10% in Shyam Telelink

Alexander Goncharuk

Gujarat High Court gives relief to KDCMMF in Amul Brand Name use case

Amul Brand Case
Ahmedabad: The Gujarat High Court has issued an order that a registered trade name user has the right to disallow others from using its trade for different goods category.

Justice D N Patel announced the decision following a case of Kaira District Co-operative Milk Marketing Federation (KDCMMF) in connection of trademark violation by two local merchants who used their brand name Amul Chasmaghar and Amul Cut Pieces stores.

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