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FM has done good job in govt borrowing: Kochhar
Finance Minister Pranab Mukherjee holds a couple of Master of Arts degrees, but banker Chanda Kochhar rates him as a great financial engineer for designing the government"s borrowings taking care not to hurt the credit needs of the industry.

Religare Enterprises Q3 net dips 52% to Rs 21 cr
Financial services provider Religare Enterprises today said its consolidated net profit declined by 51.80 per cent to Rs 21.4 crore for the third quarter ended December 31, 2009, over the same period last year.

News of the day

ONGC inks pact for sourcing LNG from Iran
ONGC and ONGC Videsh (OVL), the overseas investment arm of ONGC, in association with the Hinduja Group and Petronet LNG, have entered into two broad enabling agreements with Iranian authorities for participation in development of gas fields and liquefaction facilities in Iran, in return for assured minimum six million tonnes a year of LNG on long-term basis. ONGC made an announcement on the Bombay Stock Exchange (BSE) today.
Online Business

Apex Court overrules HC order favouring Gufic Ltd

The Supreme Court today set aside the Delhi high court order which had allowed the Indian company, Gufic Ltd, to use the name ‘Cliniq’ in its skin care product. The bench headed by Justice B Sudershan Reddy vacated the order on the appeal of Clinique Laboratories against the high court order. - "Power of attorney" sales under SC scanner - NMDC to resume diamond mining at Panna in 3 months: Steel Min - UPDATE:SC allows Paradip Port Trust to reinvite bids for coal berth - US apex court refuses to stay Chrysler-Fiat deal - Patent row: SC allows TVS Motors to manufacture "Flame" - Mumbai SEZ in danger of being scrapped Earlier, the foreign firm selling skin care products had moved a single judge bench of the high court against the use of the word Cliniq by the Indian competitor in similar products. It argued that it would confuse the consumers. Moreover, it claimed that it had regisered the trade mark in 1978 and it has been using it ever since. It contended that the Indian company came into the market with a deceptive name about 20 years later. The judge passed an injunction against the Indian company in December last. But Gufic Ltd appealed to a division bench of the high court, which vacated the injunction. Therefore, Clinique appealed to the Supreme Court. It complained that it was not given a proper chance to argue the case as the court decided the issue in hasty manner. The Supreme Court, after vacating the high court order, sent the dispute back to it for final decision.


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