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Gayam Motor Works (GMW) Gayam Motor Works, a Global EV Pioneer Announces USD 50Mn Investment Commitment from GEM, Seeks to Go Public in Coming Months Thursday, April 1, 2021 2:37PM IST (9:07AM GMT)
New York, United States & Hyderabad, India: Gayam Motor Works (GMW) today announced a US$50Mn investment commitment from Luxemberg based GEM Global Yield LLC SCS (“GEM”) as the company plans to go public. The commitment will be made available on the first day of trading or in tranches to be drawn at the company’s option over a three-year period. With certainty of the investment upon listing, GMW is now well-positioned to deliver on the company’s vision of accelerating the world’s transition towards smart and sustainable mobility. ....
Acrysil hit an upper circuit of 5% at Rs 325.20 after the company said that it has commenced dispatches of quartz kitchen sinks to IKEA Supply AG. On 20 August 2020, the company had entered into strategic partnership with IKEA Supply AG (Switzerland) for manufacturing and supply of composite quartz kitchen sinks for their global requirement. Commenting on the same, Chirag Parekh, chairman & managing director, Acrysil, said: Supply commencement to IKEA further adds to our already existing strong order books. The capacity expansions taken up by the company will help to cater to the demand in both international and domestic market. Acrysil is engaged in manufacturing of composite quartz sinks. The company has a manufacturing plant at Bhavnagar, Gujarat and has a total installed capacity of 600,000 sinks per annum as on date. It deals in complete range of built-in kitchen appliances under Carysil brand and also offers bathroom solutions under the Sternhagen brand. ....
Thursday, April 1, 2021 On March 31, 2021, in United States ex rel. Felten v. William Beaumont Hospital, the Sixth Circuit Court of Appeals held that an employer’s allegedly retaliatory conduct directed at an employee after the employee’s termination can give rise to a False Claims Act (FCA) retaliation claim. In doing so, the Sixth Circuit embraced a minority position among courts nationwide and created a split with the Tenth Circuit, which held in 2018 that only retaliation against someone who is a current employee at the time can support an FCA claim. The facts of Felten are relatively straightforward. Mr. Felten believed that his employer, a hospital, was violating the FCA and an analogous Michigan statute by paying kickbacks to physicians and physicians’ groups in exchange for referrals of Medicare, Medicaid, and TRICARE patients. Mr. Felten filed a ....
Get Your Hands on IKEA’s Limited-Edition Artist Series Before It Sells Out The flatpack behemoth has teamed up with an international roster of artists and designers on a 10-piece collection of accessories. By Anna Fixsen Bildfeldt AB IKEA, the flatpack juggernaut responsible for revolutionizing home design and the Swedish meatball, has today unveiled a new limited-edition drop of home accessories in partnership with a group of international artists and designers. The 2021 IKEA Art Event the company’s sixth such collection features everyday objects playfully reimagined by artist Daniel Arsham (part of the design collective Snarkitecture), Tokyo-based collective Gelchop, Stockholm creative duo Humans Since 1982, Rotterdam-based product designer Sabine Marcelis, and German illustrator Stefan Marx. ....