After two decades of being stuck in a trademark infringement suit, the Delhi high court gave a judgment in favour of Cadbury and restrained an Indian company from selling its products that are similar to Cadbury Gems. Justice Prathiba M Singh told an Indian company on Tuesday to pay Rs 16 lakh damages to British chocolate company Cadbury for infringing […]

June was a memorable month for the 101-year-old Tamilnad Mercantile Bank (TMB). Last month, the Thoothukudi-based bank witnessed two new landmarks in a history in which the last three decades could easily qualify for a Kollywood blockbuster. First, it held three annual general meetings — the 98th, 99th and 100th — all on the same day (June 9). Second, it […]

EXCLUSIVE: Michael Rainey Jr., star of Starz’s Power Book II: Ghost, has signed with APA for representation. Rainey moves to APA from ICM Partners to join his former agent Andrew Rogers, who recently joined APA as a new Partner and Head of Global Talent. Rainey stars as Tariq St. Patrick in Starz’s Power spinoff Power Book II: Ghost, reprising his […]

By DAVID KOENIG Spirit Airlines and Frontier Airlines agreed Wednesday to abandon their merger proposal, opening the way for JetBlue Airways to acquire Spirit after a months-long bidding war for the budget carrier. The decision by Spirit and Frontier to terminate their deal was announced while Spirit shareholders were still voting on the proposal. It was apparent that despite the […]

David Wilcox is director of US Economic Research at Bloomberg Economics and a senior fellow at the Peterson Institute for International Economics. He served as director of the domestic economics division at the Federal Reserve Board from 2011 to 2018. The opinions expressed in this commentary are his own. The US economy may have begun to cool some, but it […]

The State Department has introduced a new risk indicator, the “D” indicator, to its travel advisories to inform U.S. travelers of the risk of wrongful detention by a foreign government. “D” indicator is the most serious Travel Advisory level of 4, which means “Do Not Travel.” Announcing this in a video address, Secretary of State Antony Blinken called on Americans […]

Following the Centers for Disease Control and Prevention’s (CDC’s) recommendation, U.S. Department of Health and Human Services Secretary Xavier Becerra has announced that Novavax’s Covid-19 vaccine for adults will be made available to people aged 18 and above who require or prefer a protein-based vaccine. CDC’s recommendation comes barely a week after the Food and Drug Administration’s authorization of the […]

The International Monetary Fund (IMF) on Tuesday slashed India’s growth forecast for 2022-23 (FY23) by 80 basis points to 7.4 per cent, citing less favourable external conditions and rapid policy tightening by the central bank. In its update to the April World Economic Outlook, the IMF said that though a global recession in 2022 was ruled out with a growth […]

‘It is building the country’s infrastructure, and delivering it very efficiently.’ Apart from pressures on the current account and inflation, India is in a strong position and there are enough causes for optimism, economist Professor Arvind Panagariya, former vice-chairman of the NITI Aayog, tells Arup Roychoudhury/Business Standard on the sidelines of the Kautilya Economic Conclave. India has come out of […]