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Glenmark Pharma net up 15.5%
A lower tax burden helped Glenmark Pharmaceuticals Ltd record a 15.5 per cent rise in its consolidated net profit for the quarter ended December 31, 2009. The net profit rose to Rs 94.1 crore in the reporting period from Rs 81.4 crore registered during the corresponding three months of the previous financial year.

Semiconductor revenue to fall 11.4%: Gartner
Global semiconductor sales is expected to decline by 11 per cent this year to touch $226 billion, according to research firm Gartner.

News of the day

Govt okays stake sale in power firms
The government"s disinvestment programme made a muted re-start with the Cabinet Committee on Economic Affairs (CCEA) approving the part-sale of its stake in two power companies — NTPC and Satluj Jal Vidyut Nigam (SJVNL) — but postponing a decision on the overall disinvestment policy.
Public Relations

Court asks HUL not to use 'Boro' word in Vaseline ad

In what could be termed as a victory for home grown FMCG player Emami, the Kolkata Civil Court has restrained Hindustan Unilever (HUL) from running a campaign using the word "Boro" in its advertisement for Vaseline. - Potato, onion push food inflation to 13.68% - Ahmedabad hosts creative confluence - Paradigm shift in rural buying pattern: CII study - Exports still in red, at $14.1 bn in Oct - India Eco Summit: HUL to reduce carbon footprint by 25% - Starbucks"s Schultz pushes instant coffee "Honourable City Civil Court, Kolkata, has passed an order of injunction barring HUL from going ahead with its presently publicised Vaseline advertisement till further orders," Emami said in a statement. HUL confirmed the order but said, "This is an ex-parte order that has been obtained by Emami without giving due notice to us. This is a deviation from the standard practice of providing due notice and is in fact, in contrast to the approach taken by HUL in a similar case." HUL claimed it had given due notice before filing a case recently against Emami for its advertisement for a Talcum Powder brand. According to the civil court order passed on November 7, 2009, HUL cannot run the advertisement either in print or in any audio-visual medium, irrespective of languages. "Emami has contended that the Vaseline advertisement categorically and unequivocally disparage Boro Plus, through wrong claims," the Emami statement said. HUL meanwhile claimed the term "Boro" is not a trademark and that it is a term generic to various skin creams in the market.


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