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Lok Sabha nod to amended trademark law
New Delhi, Dec 18 (PTI) A person seeking global trade mark now need not apply for it in several countries incurring a big cost, as Lok Sabha today amended the trade mark law to simplify the procedures.

Bhupesh Bhandari: Korea's nuclear bomb
Some time in the summer of 1997, LG had thrown a party in Delhi. The Korean chaebol had set up shop in the country and was in a mood to celebrate. It had earlier joined hands with C K Birla but the joint venture fell through even before it could start. Globally, it had gone through a brand makeover from Lucky Goldstar to LG. It was now ready to have a go at India. At the party, K R Kim, the head of LG in India, took a few guests aside and said he knew how to make a nuclear bomb. The nasal voice was little more than a whine. Before anybody could ask how, he called a bearer, mixed whiskey in beer and handed it over to the guests — enjoy the nuclear bomb!

News of the day

Arunachal projects kept out of ADB lending
Seeks 40% lower funding from Asian Development Bank.
Public Relations

Reliance Capital Q2 net dips 32% to Rs 156 cr

Anil Ambani group firm Reliance Capital today reported 32 per cent decline in consolidated net profit for the second quarter ended September 30, while its total income rose by 11 per cent. - Ashok Leyland net profit jumps 32% in Q2 - GVK Power Q2 net surges 45% - ABB Q2 net declines 21% to Rs 83 cr - IOC turns black on low crude oil prices, under recoveries - Religare Enterprises net profit at Rs 30 cr - HCL Info net down 11% The company"s net profit fell to Rs 156 crore during the quarter under review, from Rs 229 crore in the year-ago period, Reliance Capital said in a statement. The company said the profit declined due to "lower capital gains booked this quarter... Substantial gains (are) likely to be booked later this year from planned stake sale in Reliance Life Insurance". The consolidated total income of the company increased 11 per cent to Rs 1,447 crore during the July-September quarter. As of September 30, the net worth of the company stood at Rs 7,669 crore. Also Reliance Capital"s total assets stood at Rs 25,624 crore, an increase of two per cent over the same period previous fiscal. During the review period, Reliance Capital"s customer base crossed 18 million. Among its various group companies, Reliance Capital Asset Management recorded a 16 per cent YoY rise in net profit at Rs 39 crore for the quarter ended September 2009, reflecting a higher average assets under management (AUM). The average AUM of Reliance MF rose by 37 per cent at Rs 1,18,251 crore at the end of September 2009.


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