Page 2 - Royalty

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

Royalty, technical fee cost Indian units of global auto majors Rs 8,000 cr

The amount is equal to nearly 4% of their combined net sales

Get served by royalty

A unique initiative is getting royal families to dole out their traditional culinary fare

Growth in royalty payments outpaces profit growth of 32 MNCs, says IiAs

Royalty growth outpaces their profit growth of 32 multinational companies in 2014-15

High MNC royalty payouts remain a concern, says governance firm

Royalty payments' growth outpaces profit growth at 32 MNCs