Britannia gets SC relief on selling NutriChoice Zero biscuits in ITC case
Posted on 2nd May 2017 |
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| The Supreme Court on Monday refused to restrain Britannia Industries from manufacturing and selling its digestive biscuit NutriChoice Zero, an injunction sought by rival ITC which sells its biscuits under the brand Sunfeast Farmlite Digestive All Good biscuit. A bench headed by Justice Ranjan Gogoi while issuing notice to Britannia said: “No injunction… we will examine it” on July 11, the next date of hearing. Challenging the Delhi High Court’s judgment of March 10 that allowed the Wadia Group company to manufacture and sell its brand of digestive biscuits, cigarette-to-FMCG major ITC has claimed that packaging of NutriChoice Zero was a copy of its Sunfeast Farmlite Digestive All Good biscuits. Claiming that Britannia’s impugned product packaging is virtually indistinguishable to the unwary consumer, ITC alleged that Britannia’s impugned packaging is a “clever imitation” of packaging of its product and the former had “blatantly imitated all the features and elements of its packaging, etc in such a manner that it is “bound to cause deception and confuse unwary consumers.” ITC further said that Britannia’s product is “not suitable for consumption by children” as it contains ‘Sucralose’ whereas its NutriChoice biscuits contain ‘Maltitol,’ which is a natural derivative of sugar and completely safe for consumption by all age groups. |
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Bharti Airtel defers Q2 results till Nov 14 over ambiguity on AGR verdict
Posted on 29th October 2019 |
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Bharti Airtel said on Tuesday it has postponed its second-quarter earnings report to mid-November, as the wireless operator sought clarity on the court ruling asking telecom firms to cough up overdue payments to the government.
Shares of the company, which was expected to release its quarterly numbers later in the day, dropped 3.3 per cent in early trade. |
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Rupee slips 8 paise vs US dollar in early trade amid drop in oil prices
Posted on 7th October 2019 |
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The rupee on Monday opened eight paise lower at 70.96 against the US dollar amid drop in crude oil prices and rise in Asian equities. The domestic unit on Friday closed almost flat at 70.88 against after the Reserve Bank of India (RBI) in a widely expected move cut key interest rates by 0.25 percentage point. On a weekly basis, the local unit slumped by 32 paise. |
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LIC pips private insurers in first-year premium growth during April-August
Posted on 13th September 2019 |
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In the first five months of the current financial year, first-year premiums of life insurance companies grew by 39.84% (year-on-year) at Rs 1.05 lakh crore as compared to Rs 75,588.35 crore in April-August of 2018-19. Life Insurance Corporation of India (LIC) continued to grow at a faster pace compared to private insurance players, shows the data from the Insurance Regulatory and Development Authority of India (Irdai). |
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Apollo Hospitals rules out further stake sale
Posted on 13th September 2019 |
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Apollo Hospitals Enterprise (AHEL) has ruled out further dilution of promoters’ stake in the company. The company also said its Rs 1,337-crore stake sale of Apollo Munich Health Insurance with mortgage major HDFC will be concluded by October. Following these stake sales, the promoters’ pledged position will come down from a high of 76% to 54% by October and eventually to 20% by November or December, company sources said here. |
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World trusts India on Kashmir, not us: Pakistan minister Ijaz Ahmed Shah
Posted on 13th September 2019 |
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In a major embarrassment for Pakistan and its Prime Minister Imran Khan, the country's Interior Minister Ijaz Ahmed Shah, a retired brigadier, said the international community didn't believe Pakistan's narrative on Kashmir; instead it is India whose version is trusted. |
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