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The Delhi High Court has permanently restrained a manufacturing company here from selling denim jeans using a stitching design mark identical and similar to that of Levis Strauss.Justice Sanjeev.
ITC s move to demerge the hotel business into a new entity, ITC Hotels Ltd, is a step in the right direction and will allay investor s concerns on the company s capital allocation strategy in the medium-to-long term, said analysts at Morgan Stanley in a note.
According to the company, the board of directors has approved in principle the demerger of the hotels business, wherein ITC will hold a 40 per cent stake in the new entity, and the remaining 60 per cent will be held directly by shareholders.
The scheme of arrangement shall be placed for approval of the Board at its next meeting to be convened on 14th August 2023.
It is ironic that after politicising the tragedy for four years, the same Union government is reluctant to answer any questions regarding its own role in the incident.
New Delhi, April 13: Vardhman Special Steels Ltd (VSSL) celebrated the completion of 50 glorious years of its steel business under the aegis of Vardhman Group at The Oberoi, New Delhi. Over the 50 years, it had consistently improved its manufacturing capabilities to provide high-quality steel for automotive applications and delivered innovative solutions to its customers.