New Delhi: In a setback to Nestle India Ltd, the Supreme Court on Thursday lifted a stay on the proceedings of a class-action suit filed by the central government against the maker of Maggi noodles in the apex consumer court.

The National Consumer Disputes Redressal Commission (NCDRC) can now continue proceedings against Nestle India, based on the results of tests of Maggi noodle samples conducted by the Central Food Technological Research Institute (CFTRI) in Mysuru.

New Delhi: Concerns about a slowdown in US economy poses the biggest risk to India’s $167 billion information technology (IT) outsourcing industry as experts fear Fortune 1000 companies may cut spending on technology, hurting Tata Consultancy Services Ltd (TCS), Infosys Ltd and Wipro Ltd. Demand for digital services, which includes data crunching and artificial intelligence (AI) powered platforms, is still linked to the overall health of an economy, they say.

The BSE benchmark Sensex Friday rebounded nearly 200 points and the NSE Nifty reclaimed the 10,700 mark, driven by recovery in auto, metal and banking stocks amid buying by domestic institutional investors.

The 30-share index, however, pared some early gains and was trading 103.90 points, or 0.29 per cent, higher at 35,617.61.

Malaysia Airports Holding Bernhard (MAHB) said that it has terminated the share purchasing agreement (SPA) with the GMR Group for selling its 11% stake to the latter in Hyderabad airport as the company did not fulfil the obligations as per the agreement before December 31.

GMR Infrastructure in February, 2018 said its subsidiary GMR Airports entered into an agreement with Malaysia Airports Holding Berhad and its subsidiary to acquire 11% of the stake that the Malaysian company is holding in GMR Hyderabad International Airport, for $76 million.

The top two incumbent operators — Vodafone Idea and Bharti Airtel — have lost over 24 million subscribers in just three months as the telcos try to weed out low revenue paying customers from their network.

The country’s largest mobile operator by subscriber, Vodafone Idea lost around 20.57 million subscribers in September to November period whereas Bharti Airtel was leaner by 4.22 million users during September and October.

The Supreme Court on Thursday said it will hear on Monday the two contempt petitions, one filed by Reliance Communications against the department of telecommunications (DoT) and the other by Swedish telecom equipment manufacturer Ericsson India against RCom’s chairman Anil Ambani.

A bench led by Justice RF Nariman posted the petitions for hearing on Monday after both sides sought urgent hearing.

The Ahmedabad Bench of National Company Law Tribunal (NCLT) has been directed by the National Company Law Appellate Tribunal (NCLAT) on Thursday to expedite the hearing process on Essar Steel insolvency case in order to arrive at a decision quickly.

A two-member bench, led by NCLAT Chairman Justice S J Mukhopadhaya, asked the Ahmedabad Bench of the NCLT to take a decision expeditiously in the matter following a Supreme Court verdict.

Shares of Ashok Leyland slipped to their 18-month low of Rs 95.95 apiece, dipping 2 per cent on the BSE, and extending their 4 per cent fall in the past two days after recording weak December sales numbers. The stock of commercial vehicles (CV) manufacturer was trading at its lowest level since July 3, 2017.

The Supreme Court has adjourned the hearing of Ayodhya title suit case till January 10. The hearing did not see any arguments from both the sides.

The matter is listed before a bench comprising Chief Justice Ranjan Gogoi and Justice S K Kaul.

Ahmedabad/Mumbai The National Company Law Appellate Tribunal (NCLAT) has directed the Ahmedabad bench of the National Company Law Tribunal (NCLT) to expedite the insolvency case filed against the Essar Steel Ltd.

On Thursday, while hearing the petition filed by the committee of creditors (CoC) of Essar Steel through State Bank of India against the resolution professional Satish Kumar Gupta and others

Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.