Citizens' Issues
Court tells Britannia to change packaging style for new biscuit
The Delhi High Court on Tuesday directed Britannia Industries Ltd to stop using the current packaging style for its "Nutri Choice Digestive Zero" biscuits and phase out the existing stocks in four weeks on the complaint of rival ITC Ltd.
 
Justice S. Muralidhar, in an interim order, said: "A market leader like Britannia can certainly eat into the market share of a relatively smaller player like ITC in the biscuit trade by adopting a deceptive variant of the latter's get up and trade dress but the converse may not be true."
 
ITC alleged the Britannia's style and packaging for the biscuit was "deceptively" similar to its "Sunfeast Farmlite Digestive - All Good" biscuits launched in February 2016, while Britannia came out its product. Both brand of biscuits are currently sold in a blue and yellow packaging.
 
In its order, the court, however, said Britannia can adopt any packaging which is distinctively different from the packaging that is currently used by ITC, which claimed that Britannia's packaging for the biscuit is an imitation of its packaging for its product and when placed next to each other, they are indistinguishable to the unwary customer.
 
"The new entrant with a product that enjoys a growing popularity might require protection," said the court.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

 

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Companies see 5G technology as game changer: Report
Next generation 5G mobile technology is seen as an innovation engine by executives in key industries, a report by Swedish communication technology firm Ericsson said on Tuesday.
 
Ericsson's report captured the opinions of more than 650 executives globally from the eight key industries most likely to be impacted by 5G -- automotive, utilities, public safety, high-tech manufacturing, Internet/digital natives, healthcare, financial services and media/ gaming.
 
A majority of these decision-makers depend on and actively invest in communications technology to help drive innovation, noted the report titled "Opportunities in 5G: The view from eight industries".
 
"With 5G, industries will have connectivity that is customised for their requirements and the agility to move quickly to meet customer needs and be innovative," said Rima Qureshi, Chief Strategy Officer, Ericsson in a statement. 
 
The connected car is the major trend in the auto industry. While many are looking ahead to self-driving systems, enhanced GPS with instant traffic and map updates is the most favoured use for 5G globally.
 
Public safety organisations expect 5G technology and the Internet of Things (IoT) to help keep citizens safe.
 
The financial services industry expects 5G to boost real-time mobile trading and high frequency trading. 
 
Media and gaming executives place the highest priority on delighting their audiences and holding their attention. 
 
A significant majority highlighted live personal 360 view broadcasting and fixed wireless broadband as additional developments expected from 5G.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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BSE transfers 46 scrips to trade-to-trade segment
As part of its preventive surveillance measure to ensure market safety and to safeguard the interest of the investors, BSE says it has transferred 46 scrips to its T / XT group. This will be effective from 7 September 2016.
 
"Trading Members are requested to take adequate precaution while trading in above scrips, as the settlement will be done on trade-to-trade basis and no netting off positions will be allowed. As per the provisions of Exchange Notice No. 20050805-12 dated 5 August 2005, a VaR Margin of 100% will also be levied on these scrips. Further, scrips in T / XT Group will continue to attract a circuit filter of 5% or lower as applicable," BSE said in a release.
 
The Exchange said that it was transferring 46 scrips to T / XT Group, while 203 scrips would continue to remain in the same group. BSE said, there are about 81 scrips that are eligible for transfer to T / XT group, however as these scrips are in P, Z and ZP group and already traded and settled on a trade-to-trade basis the same shall continue to remain in their respective groups. 
 
There are 29 scrips, which will be shifted back to their original groups from 7 September 2016 and will continue to attract the circuit filter of 5% or lower as applicable and will be reviewed for upward revision during the price band review activity scheduled in the month of October 2016, the Exchange said.
 
BSE also told its trading Members that the transfer of scrips for trading and settlement on a trade-to-trade basis is purely on account of a market surveillance measure and should not be construed as an adverse action against the company. Further, this is a temporary measure and will be reviewed periodically depending on the market conditions, it added.
 
Here is the list of scrips that are moved to T / XT Group...
 
 

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