Wipro Enterprises and Heinz India are locking horns over the trademark of their glucose-based chewable tablets. Wipro, which owns Glucovita Bolts brand of chewable tablets, has filed an appeal in the Madras High Court against a single-judge order, which dismissed its plea for an interim injunction against Heinz’s usage of the trademark Glucon-D Volt. Wipro says its product Glucovita Bolts was a market leader between 2012 and 2015.

Wipro claims Heinz’s product is phonetically and visually similar to its trademark. T V Ramanujun, senior counsel for Heinz India, said the allegations of Wipro are baseless.

GMR Infrastructure has joined a long list of Indian companies that have asked banks to restructure their loans under the 5/25 scheme as they are unable to meet their debt servicing commitments due to an economic slowdown.

Aimed at providing relief to the infrastructure sector, the 5/25 scheme allows banks to extend the repayment schedule of loans to 25 years with an option to refinance them at the end of five years. A slew of Indian companies setting up power, pipeline and road projects have sought extended repayment.

State-run equipment maker BHEL today said that it has commissioned a 250 MW unit of NTPC's Bongaigaon thermal power plant in Kokrajhar district in Assam.

"Bharat Heavy Electricals Limited (BHEL) has achieved one more milestone by successfully commissioning a 250 MW coal-based thermal plant in Assam. The unit has been commissioned at the upcoming Bongaigaon Thermal Power Station (TPS) in Assam," BHEL said in a press released.

Wipro Enterprises Ltd and Heinz India Pvt Ltd are locking horns over trademark of their glucose based chewable tablets. Wipro, which owns Glucovita Bolt brand of chewy tablet, has filed an appeal in the Madras High Court against a Single Judge order dismissing its plea for an interim injunction against Heinz's usage of the mark Glucon-D Volt.

Wipro, which claims that its product Glucovita Bolt has been present in the market from 2012 and between the years 2012-2015, it was a market leader having a turnover of Rs 22.3 crore with an advertisement expenditure of Rs 11.2 crore, alleged that the Glucose based chewable tablet, manufactured and marketed by Heinz India and Candico (I) Ltd is phonetically and visually similar to the trademark.

Industrial conglomerate Larsen & Toubro Ltd will list its IT services unit L&T Infotech by December this year, Chairman AM Naik told CNBC TV18 on Tuesday.

The company, which has been looking to exit non-core businesses, will sell a 10% stake in the unit, Naik said in an interview to the business news channel.

After moving the retail end of the business to the mobile, HDFC Bank has started offering banking solutions on the go even for its wholesale banking customers. Customers can now use the mobile banking application for carrying out operations such as bank guarantee, letter of credit, remittances and bills processing, among others.

Bhavesh Zaveri, country head-operations and cash management product, HDFC Bank, said the idea behind launching Trade Finance on Mobile — a facility that will provide end-to-end digitisation of trade finance transactions, including last mile authorisation of these transactions — is to provide ease to customers and increase the speed of transactions.

Public sector lender Bank of Baroda (BoB) is making a course correction in its strategy for overseas business. While it prides itself as “India’s international bank”, its branch presence in India’s neighbourhood has been weak.

This plan seems to be in tune with the government’s strategy to scale up economic, trade and commercial relations with all nations with which India shares its borders.

GenX Nano, the new avatar of Tata Motors’ Nano, has travelled quite a distance in a month of its launch. The company has delivered 1,000 cars to buyers and is in the process of delivering another 2,000 units. The car was launched on May 19. The response compares favourably with an average monthly sale of 1,400 cars that the previous version clocked last year. The production of the earlier version (barring the CNG model) has been discontinued.

Priced at Rs 1.99 lakh (ex-showroom, Delhi) for the manual transmission (MT) version and Rs 2.69 lakh for the automated manual transmission (AMT) version, the GenX Nano is still the most affordable passenger car available in the country.

NTPC, India's largest state-owned power generator, is restructuring many of its divisions, the first such remodelling since its inception. The company, which has several divisions across power generation - conventional and non-conventional sources, power and fly ash trading, equipment sourcing and consultancy -, is merging existing units and creating new ones.

Sources in the know say pursuant to discussions with the power ministry, several defunct memoranda of understanding (MOUs) that the company has signed with states to facilitate power development and purchase will be nullified.

JAIPUR: Gujarat, which remained the undisputed leader in solar energy generation till recently in the country, has finally been left behind by its close rival Rajasthan, and given the number of projects in the pipeline, the desert state is likely to retain the honour for quite some time to come.

According to data released by the Union ministry of new and renewable energy on June 4, 2015, Rajasthan has grabbed the number one position in the country with an installed capacity of 1,167 megawatt against Gujarat's 1,000 MW.

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