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FinMin keen on ONGC, Indian Oil FPOs
The finance ministry is keen on selling stakes in Oil and Natural Gas Corporation (ONGC) and Indian Oil Corporation (IOC), but follow-on public offers (FPOs) in the two bluechip public sector units (PSUs) are unlikely, as unresolved issues are affecting valuations. Disinvestment Secretary Sunil Mitra last month wrote to his counterpart in the petroleum ministry, R S Pandey, seeking comments on “public offerings from the government’s shareholding” in ONGC and IOC. The petroleum ministry is of the view that raising funds from the capital market was not prudent till issues like fuel pricing and subsidies were resolved, which were affecting share prices of ONGC and IOC, sources in the know said.

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Few people get 100-day employment under NREGA
Even as the Centre is mulling to raise the number of job days under the NREGA scheme, none of the states have provided the guaranteed 100-days wage employment to all the registered rural households in over three years of the landmark legislation.

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Kingfisher to raise $600 mn, mostly to pay off debt
Kingfisher Airlines is planning to raise around $600 million worth of funds in the current financial year to pay off its debt and strengthen its bottom line, in the backdrop of a turbulent time for the country’s aviation industry.
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Dabur accuses US firm of infringing on its trademark

FMCG major Dabur has alleged that US-based company Aveda, which manufactures and sells Ayurvedic cosmetic products, is infringing on the trademark of its skincare range. - Dabur alleges US firm of infringing on its trademark - Intel withdraws suit against govt - Dabur appeals against "Pachmola" sale - Sunil Jain: Solving spectrum scarcity">Sunil Jain: Solving spectrum scarcity - ICAI to drop case against PW-Delhi - Dabur India keen on rural penetration in UP In its petition before the Delhi High Court, Dabur alleged that the US-based company is infringing on the trademark of its skincare range, Uveda, which is also based on Ayurveda therapy. During the proceedings, senior advocate Abhishek Manu Singhvi alleged that Aveda, which has launched its product in India, is trying to ride on the popularity of its range and sought an injunction from the court against the US-based company. After hearing the arguments, Justice S N Dhingra reserved his order on Dabur’s plea. Opposing Dabur’s plea, Aveda’s counsel said: “The word Aveda is derived from Ayurveda and nobody can claim monopoly over the use of the word. Even if it (Dabur) has registration, it cannot take such ancient names as its personal property.”


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