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Apex Court overrules HC order favouring Gufic Ltd
The Supreme Court today set aside the Delhi high court order which had allowed the Indian company, Gufic Ltd, to use the name ‘Cliniq’ in its skin care product. The bench headed by Justice B Sudershan Reddy vacated the order on the appeal of Clinique Laboratories against the high court order.

SEBI appeal against its listing power is improper
The Securities and Exchange Board of India (SEBI) is reported to have appealed a decision by the Securities Appellate Tribunal (SAT) that over-ruled the Bombay Stock Exchange’s (BSE) refusal to issue an in-principle listing approval to a listed company.

News of the day

Overseas investors buy Rs 994 crore of stocks
Overseas funds bought a net Rs 994 crore ($213 million) of Indian equities yesterday, taking their investments in stocks this year to Rs 77,410 crore, the nation’s market regulator said today.
Small Business

Tata Comm Q3 net zooms threefold to Rs 282 cr

Tata Communications today said its net profit surged over three fold to Rs 281.80 crore for the third quarter ended December 31, over the same period previous fiscal. - GMR Infra Q3 PAT plunges 85% to Rs 9 cr - Tata Comm eyes big gains in media space - Britannia net down 37% - Apollo Hospitals net rises 49% - Cipla net up 29% at Rs 289 crore - More goverment banks take a hit on net profit in third quarter The company"s revenues from telecommunication services declined to Rs 769.75 crore for the latest quarter against Rs 999.48 crore for the same period last fiscal, Tata Comm said in a filing to Bombay Stock Exchange (BSE). For the nine month period ended December 31, 2009, the company posted a net profit of Rs 324.19 crore against Rs 213.58 crore for the same period last fiscal. Shares of Tata Communications were trading at Rs 322 on the BSE, up 3.34 per cent from previous close.


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