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Intellectual Property
Ola Group is reorganising its corporate structure by establishing a holding company to consolidate its brand intellectual property (IP) assets, aiming to streamline internal ownership arrangements. The move is aimed at eliminating intra-group cross-holdings and simplifying internal ownership structures, according to people familiar with the matter. The move follows Ola Electric's public listing last year and will be carried out through a newly formed entity under the control of the founder's family office. Ola's operations currently span mobility, electric vehicles, energy, and artificial intelligence, positioning it as India's only well-diversified technology conglomerate with businesses cutting across key sectors of the new economy. ANI Technologies, which operates the group's ride-hailing business, holds the brand IP and has licensed it to electric vehicle manufacturer Ola Electric. The move has triggered concerns among some investors who worry that they could be cut out of fut
The Indian patent office has cautioned people against fraudsters who are collecting data and status of IP (intellectual property) applications from the website and seeking money to facilitate those applications. "It is, therefore, advised to all the stakeholders who are applying or may have applied for any type of IP applications (i.e. Patents, Designs, Trade Marks, GIs (geographical indications), Designs or Copyright) that they should not fall prey to such false claims and pay any money against these claims," the Office of the Controller General of Patents, Designs and Trademarks has said in a public notice. It said that these applications are processed strictly as per provisions of law and this office has zero tolerance for any such unethical practices. In case such claims are made to any stakeholder, the same may also be brought to the attention of this office, it said. "It has come to our notice that many fraudsters are collecting data and status of IP applications from our off
India has secured a spot in the global top-10 for all three major intellectual property (IP) rights -- patents, trademarks, and industrial designs, the commerce and industry ministry said on Tuesday. It said India ranked fourth globally in trademark filings, with a 6.1 per cent increase in 2023. "Nearly 90 per cent of these filings were by residents, with key sectors, including health, agri, and clothing leading the way. India's trademark office holds the second-largest number of active registrations worldwide, with over 3.2 million trademarks in force, reflecting the country's strong position in global brand protection, it said. "The findings from WIPO's (World Intellectual Property Organization) World Intellectual Property Indicators 2024 showcase India's advancements in innovation and IP," it added.
Members of Geneva-based World Intellectual Property Organization (WIPO) have concluded an agreement under which it will be mandatory for patent applicants to disclose country of origin or source of genetic resources if the claimed invention is based on those materials or associated traditional knowledge. The treaty will provide additional protection for Indian genetic resources and traditional knowledge. Although these are currently protected within India, they are prone to misappropriation in countries, which do not have disclosure obligations. The current patent legislation does not have a mandatory provision requiring patent applicants to disclose the country of origin or source in case where the invention is based on genetic resources. At present, only 35 countries have some form of disclosure obligations, most of which are not mandatory and do not have appropriate sanctions or remedies in place for effective implementation. The new treaty was adopted on May 24 at the WIPO ...
India remains "one of the world's most challenging" major economies with respect to the protection and enforcement of intellectual property (IP), the Biden Administration said on Thursday as it placed the country on the Priority Watch List on its 2024 Special 301 Report. India along with Argentina, Chile, China, Indonesia, Russia and Venezuela have been placed on the 2024 Special 301 Report on the adequacy and effectiveness of US trading partners' protection and enforcement of intellectual property (IP) rights released by the US Trade Representative. These countries will be the subject of particularly intense bilateral engagement during the coming year, USTR said. USTR removed the Dominican Republic from the Watch List this year. The Special 301 Report is an annual review of the global state of IP protection and enforcement. While there has been progress under the US-India Trade Policy Forum in addressing certain issues with trademark infringement investigations and pre-grant ...
The Indian Patent Office has granted a "record" 75,000 patents in the last 10 months and it reflects India's ability to innovate, Commerce and Industry Minister Piyush Goyal said on Friday. Interacting with innovators and entrepreneurs on the eve of the 75th Republic Day here, the minister also said that 40,000 compliances have either been eliminated or simplified to ease the burden on entrepreneurs. "The Indian Patent Office has granted a record 75,000 patents in the last 10 months," he said, adding the government is making it easier to do business and make it less burdensome to meet the requirements of the law and comply with rules and procedures. There has been a significant push to reduce the burden of criminalisation of many laws regarding business in India and the Jan Vishwas law was the first step in that direction and gave the comfort to people and businessmen that the government trusts them, he said. "If you make a small mistake, you do not have to worry about criminal ...