Yahoo, otherwise known as the company that pays my salary (full disclosure: Yahoo owns TC), today announced that it’s spinning off Vespa, the big data serving engine, into an independent venture. Jon Bratseth, previously a VP architect in the big data and AI group at Yahoo and one of the main contributors to Vespa, has […]

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If the company tax rate was reduced from 30 to 25 per cent over the next five years gross domestic product (GDP) would grow $291 billion and income tax revenues would generate $4 billion up to the year 2025, PwC modelling released today shows.

Arne Schepker, the CEO of the popular Berlin-based language learning platform Babbel, is stepping down, and the company’s co-founder and former CEO Markus Witte is stepping back in to lead the company “into a new phase while searching for Arne’s successor with patience,” the company said. This new phase, unsurprisingly, will involve AI. Witte will not […]

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1. Petitioner has approached this Court under Section 34 of the Arbitration and Conciliation Act, 1996 („A&C Act') challenging the Order dated 13.05.2023, by which an application under Order I Rule 10 CPC filed on behalf of the Claimant (Petitioner-herein) seeking impleadment of Mr. Rajesh Kumar Srivastava as Respondent No.4 in the arbitration proceedings has been dismissed.

2. Shorn of unnecessary details, the facts leading to the filing of the present petitions are as under:-

1. Petitioner has approached this Court under Section 34 of the Arbitration and Conciliation Act, 1996 („A&C Act') challenging the Order dated 13.05.2023, by which an application under Order I Rule 10 CPC filed on behalf of the Claimant (Petitioner-herein) seeking impleadment of Mr. Rajesh Kumar Srivastava as Respondent No.4 in the arbitration proceedings has been dismissed.

2. Shorn of unnecessary details, the facts leading to the filing of the present petitions are as under:-

1.      The present Revision Petition has been filed under Section 21(b) of the Consumer Protection Act, 1986 (the "Act") against order dated 05.12.2016, passed by the learned Gujarat State Consumer Disputes Redressal Commission, Ahmedabad ('State Commission') in FA No. 875/2014 wherein the State Commission allowed the Appeal filed by the OP against the District Consumer Disputes Redressal Forum, Navsari, ('the District Forum') order dated 28.11.2013 wherein the District Forum had allowed the complaint by the Petitioner.

2.      As per report of the Registry there is a delay of 91 days in filing of the Revision Petition. For the reasons stated in the Application seeking Condonation of delay, the same is condoned.

3.       The Complainant approached the Hon'ble National Consumer Disputes Redressal Commission with the following prayers:

"a) To compensate  the complainant for the actual loss suffered (amounting to Rs.1,03,83,335/-) and release the remaining claim amount for the loss due to fire amounting to Rs.60 Lakhs (Approximately) along with interest at the rate of 15% p.a. from the date of loss i.e. 22.05.2017 till its actual payment to the complainant.

b) To compensate and make payment of Rs.25,00,000/- as compensation on account of unfair trade practice, harassment, mental agony caused to the complainant by the misleading and negligent acts of respondent/Insurance Company and not paying the insurance claim at reinstatement value basis as specified in the insurance policy.

1.      The Appellant filed the instant Appeal under section 51(1) of the Consumer Protection Act, 2019 (hereinafter referred to as "the Act"), against the Order dated 22.07.2022 passed by the learned State Consumer Disputes Redressal Commission, Madhya Pradesh ("State Commission") in Consumer Complaint No. 83/2022, wherein the State Commission dismissed the Complaint.

2.      As per report of the Registry, there is 31 days delay filing the Appeal. For reasons stated in IA/9118/2022, the delay is condoned.

3.      For convenience, the parties in the present matter are being referred to as per position held in the Consumer Complaint.

4.      The brief facts of the case are that the complainant's husband, Dilip Kumar Singh, obtained an insurance policy from OP insurance company on 28.06.2015. On 16.08.2015, while returning from Omkareshwar to Ujjain during Kavad Yatra, he met with an accident near Baigram on the Indore-Khandwa road and died. Following his death, the complainant submitted a claim to OP insurance company. However, the same was rejected on the ground that material facts about previous health conditions of the deceased were not disclosed in the proposal form. Hence, complainant filed C.C. No. 83/2022.

It appears that a Sole Arbitrator had been appointed in terms of the arbitration clause contained in the agreement dated December 5, 2018.

An application under section 17 of the Arbitration and Conciliation Act, 1996 (for short "the Act") had been preferred before the learned Arbitrator. Two Officers were appointed as Receivers in respect of the subject asset. The Receivers were directed to take physical possession of the said asset being an equipment being XR 220D, bearing engine no.22293605 along with its accessories, as mentioned in the agreement.

Pleadings disclose that the Receivers were not able to take physical possession of the asset in question as they were resisted by the respondents and the local police authorities also did not cooperate.

Bivas Pattanayak, J. :-

1. The instant execution case has been filed by the plaintiff-decree holder against the defendant-judgment debtor for execution of a decree dated 24th March, 2021 for a sum of Rs.12,54,607.68/-.

2. In its affidavit in support of tabular statement the decree holder contends that the judgement-debtor holds immovable property namely an office at Golpark Co-operative Housing Society, Flat no. 13/B2, 4th Floor, 49C, Govindapur Road, Lake Gardens (near Jodhpur Market), Kolkata-

2

700068 and operates bank account at UCO Bank, Park Circus Branch, Kolkata-700014.

3. The judgement debtor through its partner filed its affidavit of assets who contends that he possesses the above mentioned flat and the bank account.

The Xiaomi Redmi K80 series is expected to make its debut in China in the coming weeks, towards the end of November. To recall, last year's Redmi K70 series arrived in China during the start of December. The line-up is expected

The Realme 14 series is anticipated to debut in India early next year. Among the new lineup, the Realme 14 Pro Lite has now been spotted, which is a fresh addition to the brand's number series, as a 'Pro Lite' version

Former Twitter Chairman Omid Kordestani has filed a lawsuit against the social media company, alleging that billionaire owner Elon Musk is withholding over $20 million worth of shares he is entitled to. Kordestani served as executive chairman from 2015 to 2020

Meta, the parent company of Facebook and Instagram, recently dismissed around 24 employees at its Los Angeles offices. These staff members were reportedly using their $25 meal credits to purchase non-food items like toothpaste and wine glasses. The tech giant, valued

In 2016, she introduced Zivame Studios, creating an omni-channel experience and expanding Zivame's presence into tier 2 and tier 3 cities across India.

Surabhi Gautam's success story is a testament to her relentless pursuit of excellence and the power of self-belief, showing that even the biggest obstacles can be overcome with perseverance and dedication.

He joined the company as a management graduate and initially spent eight years in sales.

The stock market plays an important role in the financial system. Millions of Indians invest in the stock market every year, hoping to earn good returns on their investments. However, investing in stocks can be tricky, as stock prices do not always reflect the true value or worth of a company.

She pursued an MBA at The Wharton School of the University of Pennsylvania, US. Her initial career began in pharmaceuticals at Pfizer.

Hindustan Trading Company turns 50 this week with new products, and a documentary on late founder PN Venketakrishnan

Why founders must, at the outset, decide what kind of company they want to build

Why a start-up must have first right over all scarce resources

Open source sustainability is a topic that is just starting to get the attention that it deserves. So much of the technology sector is run on software that can be used for free without any further obligation. However, as companies profit from using this software for free, the maintainers of the software often struggle to...

Need to reach positive cash flow before we have the luxury of anything else: Elon Musk

The client is partnering with Sonata Software to modernise its operations and deliver a homogenous, unified user experience at scale

Nvidia's stock market value briefly touched $3.53 trillion, while that of Apple was $3.52 trillion, according to data from LSEG

It will expand Tessolve’s European operations by adding four delivery locations across Germany and the Netherlands, including a specialized ADAS and imaging centre-of-excellence lab

The company deepened its investments in the country with the new campus, aiming to create 15,000 new jobs in Bengaluru

The Apple-1 has been restored to a fully operational state and came with a custom case with a built-in keyboard

Produced by WIRED Brand Lab for City National Bank | As part of a series of one-on-one conversations with business leaders, City National Bank CEO Kelly Coffey and Angela Benton, founder and CEO of consumer data company Streamlytics, discuss the optimism, communication, and empathy critical to success as business leaders. Explore more of the series with City National Bank Member FDIC. *This was shot in accordance with the Covid-19 guidelines set as of the date of filming.

Convenience, but not only
At first glance, it could be said that the price of the product and its technical characteristics are decisive aspects when it comes to an expenditure. When two products have the same level of performance, the quality-price ratio always wins. But this is not true! The market is full of examples of products that are more popular even though there are competing goods that have similar characteristics.

Board meeting software helps boards deal with their get togethers online within a secure environment. It makes the process of arranging, building daily activities, taking votes, drafting mins and distributing these documents simple for all stakeholders. It also decreases the amount of period admins invest in these tasks. Choosing the best table management software is […]

A company management is the set of policies, techniques and procedures that enable an organization to manage their particular operations, achieve objectives, and fulfill their mission. Managing systems incorporate everything from a quality management system to an environmental management. They can also include an tips or understanding management system. It is very important that they […]

A Darjeeling-based company is transporting basalt dust from Jharkhand and using it as an organic fertiliser to enrich soil and accelerate carbon sequestration. It has used about 500 tonnes of dust.

London : Published by the Boydell Press for the Hakluyt Society, 2024

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