Page 2 - Royalty

Here's how much royalty Tata Group companies will pay for the Tata name

Tata Group companies pay a brand subscription fee for the privilege of using the 'Tata' name. Here is how much they will need to pay now

Nestle India approves hiking royalty payment by 0.15% annually for 5 yrs

FMCG firm Nestle India Ltd on Friday said its board has approved increasing royalty payment to its parent firm by 0.15 per cent annually for the next five years, thereby enhancing it to 5.25 per cent of net sales. The board of directors, on the recommendation of the Audit Committee, approved the payment of general licence fees (royalty) by the company to Societe des Produits Nestle SA (licensor), at the rate not exceeding 5.25 per cent, net of taxes, of the net sales of the products sold by it, Nestle India Ltd said in a regulatory filing. The increase will be as per the terms and conditions of the existing general licence agreements, "payable in a staggered manner over the period of five years by making an increase of 0.15 per cent per annum over the current license fees of 4.5 per cent per annum effective from July 1, 2024", it added. The board has recommended the same for approval by the shareholders of the company through a postal ballot, it said. Earlier, Nestle India, which .

Kate, Princess of Wales, says she has cancer and is undergoing chemotherapy

Kate, the Princess of Wales, said Friday she has cancer and is undergoing chemotherapy. The video announcement came after weeks of speculation spread on social media about her whereabouts and health since she was hospitalized in January for unspecified abdominal surgery. Kate, 42, hadn't been seen publicly since Christmas until video surfaced this week of her with her husband, Prince William, heir to the throne, walking from a farm shop near their Windsor home. Kensington Palace had given little detail about Kate's condition beyond saying it wasn't cancer-related, the surgery was successful and recuperation would keep the princess away from public duties until April. The news is another shock for the royal family since the announcement last month that King Charles III was being treated for an unspecified type of cancer that was caught while undergoing a procedure for a benign enlarged prostate. Charles, 75, has withdrawn from public duties while he has cancer treatment, though he'

Princess Kate apologises for confusion caused by 'manipulated family photo'

Kate, the Princess of Wales, apologised on Monday for confusion caused by her editing of a family photo released by the palace a photo of her with her children that was intended to calm concern and speculation about the princess's health, but had the opposite effect. Five major news agencies, including The Associated Press, withdrew the image over concerns about digital manipulation. That sent the online rumour mill, already filled with speculation over over Kate's recent surgery and recuperation, into overdrive. In a post on social media, Kate said that like many amateur photographers, I do occasionally experiment with editing. I wanted to express my apologies for any confusion the family photograph we shared yesterday caused, the post said. The palace said the photo was taken by Prince William. Issued by Kensington Palace on Sunday to mark Mother's Day in Britain, it was the first official photo of Kate since her abdominal surgery nearly two months ago. Thank you for your kind

Sultan Ibrahim sworn in as Malaysia's 17th king as Royals gain influence

The billionaire sultan who rules Malaysia's Johor state was sworn in as the nation's new king Wednesday under a unique rotating monarchy system. Sultan Ibrahim Iskandar, 65, took his oath of office at the palace and signed the instrument of the proclamation of office in a ceremony witnessed by other royal families, Prime Minister Anwar Ibrahim and Cabinet members. A coronation ceremony will be held later. One of the richest men in the country, Sultan Ibrahim has an extensive business empire ranging from real estate to telecoms and power plants. The candid monarch has close ties with Anwar and his rule could bolster Anwar's unity government, which faces a strong Islamic opposition. Nine ethnic Malay state rulers have taken turns as king for five-year terms under the world's only such system since Malaysia gained independence from Britain in 1957. Malaysia has 13 states but only nine have royal families, some that trace their roots to centuries-old Malay kingdoms that were independent

Cabinet approves royalty rates for mining of Lithium, Niobium REE

To ensure consistency, the Ministry of Mines has devised a formula for calculating the ASP of these minerals, which will aid in setting bidding parameters

STT hike to GST appellate tribunal: Key takeaways from Finance Bill 2023

Finance Bill 2023: Debt funds with less than or equal to 35 per cent invested in equity shares will be taxed at the investors' income tax slab and treated as short-term capital gains

Unilever's India unit falls as royalty fee rise overshadows profit beat

Shares of Hindustan Unilever (HUL) fell as much as 4.3% on Friday, as a deal to pay its UK parent higher royalty fees took the shine off a bigger-than-expected rise in quarterly profit

HUL Q3 results: Net profit beats estimates, royalty to parent bumped up

FMCG major cautiously optimistic on commodity prices, sees rural slowdown bottoming out

Hike in royalty payout to parent could weigh on Hindustan Unilever margins

Analysts say impact depends on commodity and energy prices

HUL board approves hiking royalty to parent from 2.65% to 3.45% of turnover

HUL said the new contract terms were subject to a detailed evaluation and due diligence led by its senior management and guided by its Audit Committee and Board

King Charles III addresses UK for first time from Buckingham Palace

We owe her the most heartfelt debt any family could owe to their mother, said King Charles III on Queen Elizabeth II's death

Coal ministry slashes interest on late payment of royalty and rent

The government has reduced the rate of interest levied on delayed payment of royalty, rent and fee from coal mines, a move that would give a fillip to ease of doing business. The coal ministry has amended the Mineral Concession Rules, 1960 (MCR) aimed at decriminalising its provisions. The Centre has been taking action in a bid to reduce compliances for business and citizens, the coal ministry said in a statement. "To further promote and boost the 'Ease of doing business' policy of the government, the amendment in MCR decriminalised 68 provisions whereas penalty has been reduced for 10 provisions of MCR," it said. MCR relates to the application and grant of mineral concessions such as reconnaissance permit, prospecting license, and mining lease. These concessions are pre-condition for development and operationalisation of mines, necessitating many compliances. For adjusting additional or shortfall royalty, express provision has been brought in. "Further, rate of penal interest

In shadow of Covid-19 pandemic, Danish queen marks 50 years on throne

The outbreak, which also stopped public celebrations for the popular monarch's 80th birthday in 2020, forced several guests to stay away from the two-day celebrations

Samsung to share more royalty-free technologies with smaller firms

Samsung Electronics will allow smaller local companies to use more of its royalty-free technologies as part of its efforts to attain shared growth, according to the industry ministry on Friday

Royal family was not willing to tell truth to protect me: Meghan Markle

Meghan Markle told Oprah Winfrey that she realised soon after marrying Prince Harry that she learned that the institution of the royal family would not protect her

Royal family had concerns over my son's skin colour, says Meghan Markle

In an interview with Oprah Winfrey, Meghan Markle revealed that members of the British royal family expressed concern to her husband Harry about the potential skin colour of the couple's first child

Payments by end-users to foreign software firms not taxable as royalty: SC

This applies to amounts paid by resident Indian end-users or distributors to non-resident foreign manufacturers

Prince Harry, wife Meghan Markle to quit social media: Sunday Times Report

Prince Harry and wife Meghan Markle, the Duke and Duchess of Sussex, have reportedly decided to quit social media as they focus on their roles in the US away from frontline British royalty

UK Royal Mail deliveries affected by travel bans due to new Covid strain

The British Royal Mail says it is halting deliveries to most of Europe as countries across the world are closing their borders to the UK because of the new strain of the coronavirus