PepsiCo withdraws lawsuit against Gujarat potato farmers : Bulletin: Business Today
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PepsiCo withdraws lawsuit against Gujarat potato farmers

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May 3, 2019

PepsiCo withdraws lawsuit against Gujarat potato farmers
PepsiCo announced that it will withdraw its patent infringement lawsuit against a number of Gujarat potato farmers. The India unit of the snacks and beverages major had sued nine farmers of Sabarkantha and Aravalli districts of North Gujarat in two separate courts for "illegally" cultivating its registered FC5 potato variety, exclusively grown for its Lay's chips.    

Tata Power profit declines 6.5% to Rs 2,440.41 crore in FY19
Tata Power Company, the country's largest integrated power company, on Thursday reported a 6.5 per cent decline in consolidated net profit at Rs 2,440.41 crore for the financial year ended March 31, 2019, as compared to Rs 2,610.85 crore in the last fiscal, due to lower realizations from coal companies. The company's consolidated revenue rose 10 per cent.

Interact with media only after approval from airline chief: Air India to employees
Air India has cautioned its employees of "appropriate action" if they interact with the media without prior authorisation in writing from the airline chief, according to a communication. In the communication dated April 30, the airline said there have been instances where employees have interacted with the media or posted videos in uniform in Air India aircraft

RBI approves extension of tenure of Yes Bank's part-time chairman Brahm Dutt till January 2022
The RBI has approved extension of tenure of Yes Bank's part-time chairman Brahm Dutt till January 10, 2022, the private sector lender said Thursday. The tenure of Dutt, whose appointment was approved in January this year by the RBI, was till July 4, 2020.

Cyclone Fani makes landfall in Puri, heavy rains batter coastal belt
Extremely severe cyclonic storm 'Fani' made a landfall in Puri on Odisha coast Friday morning, triggering heavy rainfall coupled with high velocity winds with speed of 175 kmph in vast areas. Large areas in the seaside pilgrim town of Puri and other places were submerged with water as heavy rains battered the entire coastal belt of the state. Several trees were uprooted and thatched structures destroyed at some places including Bhubaneswar.

DLF transfers Noida's Mall of India to its subsidiary for 2,950 crore
Realty major DLF Thursday said it has transferred shopping mall in Noida, Uttar Pradesh, to its subsidiary firm for Rs 2,950 crore, as part of efforts to settle dues of its joint venture firm with GIC. DLF has to pay Rs 8,700 crore to the DLF Cyber City Developers Ltd (DCCDL), which is a joint venture firm of DLF and Singapores' sovereign wealth fund GIC.

No bidders yet for Jet Airways, staff consider bankruptcy proceedings
Potential bidders for Jet Airways Ltd have so far failed to show any firm interest in bailing out the struggling airline, a source involved in the matter said, increasing the likelihood that the company will face bankruptcy proceedings.Bidders had until May 10 to come up with binding offers, a few days later than the April 30 date indicated by lead lender State Bank of India (SBI) last month.
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