Royalty

Why Supreme Court upheld 'royalty on royalty' under the MMDR Act

The Supreme Court has backed the existing royalty calculation for iron ore. Here's why miners called it 'royalty on royalty' and why the court disagreed

SC upholds royalty calculation framework under MMDR Act provisions

Top court rules royalty, DMF and NMET payments can remain part of mineral sale value while computing average sale price, upholding the constitutional validity of the rules

NITI Aayog plans policy to recover critical minerals from mine waste

A technical committee is examining royalty, incentives and commercial viability for extracting critical minerals from mining waste before submitting policy recommendations to the government

Kwality Wall's India to pay zero royalty to Magnum until end of FY27

The royalty waiver under a new intellectual property agreement is aimed at supporting Kwality Walls India's investments and stabilisation efforts following the demerger

Rationalised royalty rates aim to cut costs, boost oil and gas exploration

In a bid to simplify the structure, the government has also introduced a flat deduction formula for wellhead price calculations

Royalty rate reversal, cooling crude oil prices negative for ONGC, OIL

The partial reversal of royalty benefits and uncertainty over crude oil prices could weigh on earnings, though higher production and gas output remain supportive factors

Thailand's Princess Bajrakitiyabha, known for her legal work, dies at 47

Thailand's Princess Bajrakitiyabha Mahidol, a lawyer and the eldest of King Maha Vajiralongkorn's children, has died at 47, the Bureau of the Royal Household said. She died Thursday evening at a Bangkok hospital where she had been cared for since falling unconscious due to illness three years ago, according to the statement issued Friday. Bajrakitiyabha was active in justice reform efforts and best known for her Kamlangjai, or "Inspire," project to help rehabilitate incarcerated Thai women ahead of their release. Bajrakitiyabha was hospitalised in December 2022 after falling unconscious while training dogs for an army exhibition. The palace said she had a mycoplasma infection, a bacterial infection usually associated with pneumonia. Her father's New Year's greeting card for 2023 showed King Maha Vajiralongkorn and Queen Suthida garbed in somber black, which many Thais saw as confirmation of the gravity of her condition. The limited information released in subsequent years indicated

Royalty rate cuts aim to reduce costs, boost oil and gas exploration

While lower royalties are expected to improve project viability and attract investment, concerns remain over poor prospectivity data, limited discoveries, and competition from more attractive regions

Nestle India's royalty payment to parent rises 14% to ₹1,024 crore in FY26

General licence fees (royalty) paid by FMCG major Nestle India to its Switzerland-based group entity Societe des Produits Nestle S.A. were up 13.91 per cent to Rs 1,024.5 crore in FY26, according to the company's latest annual report. Besides, Nestle India also paid a 'withholding tax on general licence fees' of 102.47 crore for the financial year ended March 2026. In the preceding year of FY25, Nestle India paid a general licence fee of Rs 899.41 crore and Rs 89.71 crore as 'withholding tax on general licence fees'. Nestle India obtains access to the Nestle Group's technology and intellectual property through General Licence Agreements for manufacturing and marketing its products, while continuously benefiting from technological advancements and innovations across the product categories it produces and sells. It pays a royalty of 4.5 per cent of net sales to its parent firm. Promoter entities Nestle S.A. and Maggi Enterprises Ltd together hold a 62.76 per cent stake in Nestle Ind

ONGC, Oil India rally up to 7%; what's driving state-owned upstream stocks?

With oil at $80/bbl, analysts at CLSA project an over 50 per cent total return on ONGC as it is pricing in $65/bbl Brent; sets target price for the oil explorer at ₹405 per share.

Former Prince Andrew remains under Epstein's shadow as new documents emerge

Britain's royal family is facing a fresh round of embarrassment after the latest release of documents from the US investigation into Jeffrey Epstein revealed unsavoury details about the relationship between the convicted sex offender and a correspondent who appears to be the man formerly known as Prince Andrew. Emails released by the US Justice Department include an invitation for Epstein to dine at Buckingham Palace, Epstein's offer to introduce his correspondent to a 26-year-old Russian woman, and photos that appear to show Andrew kneeling over an unidentified woman who is lying on the floor. The revelations come three months after King Charles III stripped Andrew of his royal titles, including the right to be called a prince, as he tried to insulate the monarchy from a steady stream of stories about his younger brother's relationship with Epstein that has tarnished the royal family for more than a decade. The former prince is now known simply as Andrew Mountbatten-Windsor. A ...

Case of princely titles: Why abolished royal terms still stir legal debate

Privy purses once played an important role in facilitating the integration of princely states into the Indian Union after Independence, but the royal privileges and titles were later abolished

What does the British royal family and King Charles III cost the UK?

Assessing the true cost of the monarch's finances is a murky business, both opaque and highly secretive, with a myriad of rules and customs serving to stifle public debate.

Member of erstwhile royal family Arvind Singh Mewar passes away at 81

He is survived by wife Vijayraj Kumari, son Lakshyaraj Singh Mewar and daughters Bhargavi Kumari Mewar and Padmaja Kumari Parmar

Greece's ex-royals seek citizenship 50 years after monarchy was abolished

Members of Greece's former royal family have applied for Greek citizenship and formally acknowledged the country's republican system of government, in a landmark move 50 years after the monarchy was abolished, officials confirmed Friday. The late King Constantine II and his family members were stripped of Greek citizenship in 1994 in a dispute with the government over formerly royal property and over claims that he refused to renounce any right to the Greek throne for his descendants. Interior Ministry official Athanasios Balerpas said that relatives of the late king, who died last year at the age of 82, signed a declaration Thursday acknowledging the republican government and adopting a new surname, De Grece French for of Greece. A historically pending matter is being resolved, Balerpas told state-run radio. Let's look to the future now. I think it's a good moment because it closes an account from the past and we can now look forward as a people. Officials have not officially nam

Clashes erupt at Udaipur Palace: What is the Mewar dynasty dispute?

Newly anointed 77th Maharana of Mewar and BJP MLA Vishvaraj Singh was denied entry to the palace by his uncle, Arvind Singh Mewar, who currently controls the property

SC to set up bench to hear pleas of states on recovery of royalty, tax dues

The Supreme Court on Wednesday said it will set up a bench to hear subsequent pleas of mineral-rich states like Jharkhand seeking to recover royalty and tax dues on mineral rights and mineral-bearing lands worth thousands of crore of rupees from the Centre and mining firms. On July 25, a nine-judge bench headed by Chief Justice D Y Chandrachud, in a majority 8:1 verdict, had ruled that the legislative power to tax mineral rights vests in states and not Parliament. In a subsequent order on August 14, the top court clarified that the judgement will not have prospective effect and permitted mineral-rich states recover from the Centre and mining firms the royalty and tax dues on mineral rights and mineral-bearing lands worth thousands of crore of rupees since April 1, 2005 over a period of 12 years. On Wednesday, senior advocate Rakesh Dwivedi, appearing for Jharkhand, urged the bench comprising the CJI and Justices JB Pardiwala and Manoj Misra to allocate the pleas, relating to recover

Prince Mohammed forged king's sign on Yemen war decree: Ex-official

A former Saudi official alleged in a report that Saudi Arabia's Crown Prince Mohammed bin Salman forged the signature of his father on the royal decree that launched the kingdom's yearslong, stalemated war against Yemen's Houthi rebels. Saudi Arabia did not immediately respond to a request for comment over the allegations made without supporting evidence by Saad al-Jabri in an interview published Monday by the BBC, though the kingdom has described him as a discredited former government official." Al-Jabri, a former Saudi intelligence official who lives in exile in Canada, has been a yearslong dispute with the kingdom as his two children have been imprisoned in case he describes as trying to lure him back to Saudi Arabia. The allegation comes as Prince Mohammed now serves as the de facto leader of Saudi Arabia, often meeting leaders in place of his father, the 88-year-old King Salman. His assertive behaviour, particularly at the start of his ascension to power around the beginning of

Retrospective taxes set to cost mining industry Rs 1.5 trillion in arrears

Nifty Metal index dropped by 2.4%, and key players like NMDC, Hindustan Copper, and JSW Steel saw their shares fall between 2% and 6% following the SC judgment on Wednesday

Refund of mineral royalties could cost Rs 70k-80k crore: Centre to SC

On July 25, a nine-judge constitution bench ruled that the power to tax mineral rights lies with the states and that royalty paid on minerals is not a tax.