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Tokyo, An <keyword id="6362774" type="UNKNOWN" weightage="20" keywordseo="earthquake">earthquake</keyword> measuring 6.3 on the <keyword id="49760" type="PERSON" weightage="20" keywordseo="Richter-scale">Richter scale</keyword> jolted <keyword id="6355311" type="UNKNOWN" weightage="20" keywordseo="japan">Japan</keyword>'s <keyword id="8563682" type="LOCATION" weightage="20" keywordseo="Aomori-Prefecture">Aomori prefecture</keyword> on Monday, but authorities did not issue a tsunami warning. According to <keyword id="6172249" type="COMPANY" weightage="20" keywordseo="the-japan-meteorological-agency">the Japan Meteorological Agency</keyword> (JMA), the quake occurred at 2.23 a.m., with its epicenter at a latitude of 40.7 degrees north and a longitude of 142.7 degrees east, and at a depth of 10 km, reports Xinhua news agency. The earthquake logged 5 lower in some parts of Iwate prefecture and 4 in Aomori prefecture on the Japanese seismic intensity scale which peaks at 7. There were no immediate details on damages or injuries. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/heres-what-analysts-say-if-you-should-subscribe-or-not-to-the-300-crore-ipo-of-antony-waste-handling-cell/articleshow/79790998.cms">Antony Waste Handling Cell ₹300-crore IPO opens today — these are the risks and opportunities</a> <a href="https://www.businessinsider.in/business/startups/news/the-founder-of-sugar-cosmetics-explains-how-the-startup-clocked-a-60-growth-in-sales-during-the-pandemic/articleshow/79832966.cms">The founder of SUGAR cosmetics explains how the startup clocked a 60% growth in sales during the pandemic</a> <a href="https://www.businessinsider.in/business/startups/news/pine-labs-valuation-crosses-2-billion-as-it-raises-fresh-funds-from-lone-pine-capital/articleshow/79833738.cms">Pine Labs' valuation crosses $2 billion as it raises fresh funds from Lone Pine Capital</a>

6.3-magnitude quake strikes Japan, no warning issued for tsunami

Electric car maker <keyword id="107096" type="General" weightage="80" keywordseo="tesla" source="Orion">Tesla</keyword> is still facing the $2 billion lawsuit, filed against the Elon Musk-run company by hydrogen trucking startup <keyword id="1192755" type="General" weightage="100" keywordseo="nikola" source="Orion">Nikola</keyword> over design patents infringement. A <keyword id="148026" type="General" weightage="20" keywordseo="US-federal-judge" source="Orion">US federal judge</keyword> has now directed Nikola to continue its three-year-old $2 billion patent lawsuit against Tesla. The case against Tesla will still remain "administratively closed" but won't be dismissed, Judge <keyword id="3773697" type="General" weightage="20" keywordseo="james-donato" source="Orion">James Donato</keyword> said in a new order on Tuesday, reports The Verge. Nikola first filed the lawsuit in 2018, alleging that Tesla's own semi-truck infringes on a number of Nikola's design patents. "Nikola said in its original complaint that Tesla stealing its designs would rob the startup of $2 billion in market share," the report said. The judge, who on October 1 closed the case as neither Nikola nor Tesla responded to earlier orders, has now assigned Nikola two new deadlines for hearing in January 2022. "Nikola's ostensible reasons for not responding to the Court's orders are not particularly compelling," the judge said in the order. "The case will not be dismissed at this time for failure to prosecute, but that may change if Nikola does not move this case forward to resolution in an efficient and timely manner." Tesla showcased its first semi-truck in 2017. However, for years and several delays later, Tesla is yet to release the 'Tesla Semi' or the 'Megacharger' for it to date. Tesla recently delayed the first Tesla Semi deliveries to customers until 2022 when it will have more battery cell supply. The company has been spotted deploying the first Megacharger to charge its upcoming semi-electric truck at Gigafactory Nevada, the media reported this week. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/tech/enterprise/news/facebook-plans-to-rebrand-itself-to-a-metaverse-company-with-a-new-name/articleshow/87150303.cms">Facebook plans to rebrand itself to a metaverse company with a new name</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/ipo-bound-pine-labs-appoints-former-flipkart-paypal-exec-phanimohan-kalagara-as-cto/articleshow/87151543.cms">IPO-bound Pine Labs appoints former Flipkart, PayPal exec Phanimohan Kalagara as CTO</a>

Tesla still faces $2 billion patent lawsuit by trucking startup Nikola over design patents infringement

Mumbai, <keyword id="6357096" type="COMPANY" weightage="20" keywordseo="Mahindra-Mahindra">Mahindra &amp; Mahindra</keyword> (M&amp;M) on Monday said that it will <keyword id="6374534" type="UNKNOWN" weightage="20" keywordseo="increase">increase</keyword> <keyword id="6366990" type="UNKNOWN" weightage="20" keywordseo="Prices">prices</keyword> of its <keyword id="6387952" type="UNKNOWN" weightage="20" keywordseo="Tractors">tractors</keyword> across <keyword id="6404377" type="UNKNOWN" weightage="20" keywordseo="models">models</keyword> from January 1 next due to the increase in input costs. The company, however, has not revealed the details of the price increase and has said in a regulatory filing that it will communicate the same in due course. "Mahindra &amp; Mahindra's farm equipment sector today announced that effective January 1, 2021, the company will increase the price of its range of tractors across models. This has been necessitated due to the increase in commodity prices," it said. The announcement comes days after the automobile major said that it will increase the price of its <keyword id="36810" type="ORGANIZATION" weightage="20" keywordseo="vehicles">vehicles</keyword> from January 1, 2021. Shares of Mahindra &amp; Mahindra on the BSE are currently trading at ₹711.00, lower by ₹21.05 or 2.88% from its previous close. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/heres-what-analysts-say-if-you-should-subscribe-or-not-to-the-300-crore-ipo-of-antony-waste-handling-cell/articleshow/79790998.cms">Antony Waste Handling Cell ₹300-crore IPO opens today — these are the risks and opportunities</a> <a href="https://www.businessinsider.in/business/startups/news/the-founder-of-sugar-cosmetics-explains-how-the-startup-clocked-a-60-growth-in-sales-during-the-pandemic/articleshow/79832966.cms">The founder of SUGAR cosmetics explains how the startup clocked a 60% growth in sales during the pandemic</a> <a href="https://www.businessinsider.in/business/startups/news/pine-labs-valuation-crosses-2-billion-as-it-raises-fresh-funds-from-lone-pine-capital/articleshow/79833738.cms">Pine Labs' valuation crosses $2 billion as it raises fresh funds from Lone Pine Capital</a>

Mahindra & Mahindra to raise prices of tractors from January 1

<ul><li>Reportedly, the <keyword id="6595454" type="General" weightage="20" keywordseo="directorate-general-of-trade-remedies" source="Orion">Directorate General of Trade Remedies</keyword> has recommended anti-dumping duty on Caprolactam from the European Union, Korea, Russia and Thailand.</li><li>This is seen benefiting the company as it had filed an application for anti-dumping duty on Caprolactam earlier.</li><li>Shares of the company rose 4% on Tuesday morning.</li></ul>Shares of <keyword id="625214" type="General" weightage="20" keywordseo="gujarat-state-fertilizers-and-chemicals" source="Orion">Gujarat State Fertilizers and Chemicals</keyword> rose over 4% on Tuesday after a report by news channel CNBCTV-18 said that India’s Directorate General of Trade Remedies (DGTR) has recommended anti-dumping duty on Caprolactam used in nylon-making from the European Union, Korea, Russia and Thailand. The Gujarat-based firm had earlier filed an application for anti-dumping duty on Caprolactam as cheap imports by some countries were disrupting trade for domestic players. The company manufactures fertilisers and industrial chemicals. <div type="image" title="gujarat state fert chart" height="900" width="1200" msid="86576500" hostid="261"></div> Basically, anti-dumping duty is a tariff imposed on imports from other countries that export products at cheaper value thereby disrupting trade in the domestic market. To ensure a level playing field in the domestic market, the government imposes anti-dumping duty on foreign imports when it believes that the goods are being “dumped” – through the low pricing – in the domestic market. Anti-dumping duty is imposed to protect local businesses and markets from unfair competition. The company had alleged that material injury was being caused to the domestic industry due to dumped imports from the subject countries and has requested the DGTR for the imposition of the anti-dumping duties on the imports. The imposition of anti-dumping duty is permissible under the World Trade Organisation (WTO) regime. The duty is aimed at ensuring fair trading practices and creating a level-playing field for domestic producers vis-a-vis foreign producers and exporters. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/startups/news/pine-labs-is-betting-on-these-two-segments-to-make-it-worth-6-billion-dollars/articleshow/86559235.cms">Nearly as old as Google, Pine Labs is betting on these two segments to make it worth $6 billion</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/here-is-how-to-check-paras-defence-and-space-technologies-ipo-allotment/articleshow/86559437.cms">Paras Defence and Space Technologies IPO: Here’s how to check allotment status</a>

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6.3-magnitude quake strikes Japan, no warning issued for tsunami

IANS

Tesla still faces $2 billion patent lawsuit by trucking startup Nikola over design patents infringement

IANS

Mahindra & Mahindra to raise prices of tractors from January 1

IANS

Gujarat State Fertilizers and Chemicals surges over 4% on reports of anti-dumping duty approval

Bhakti Makwana

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