Govt nods royalty payment to states on crude oil production

Last Updated: Wednesday, August 26, 2015, 21:35

The government Wednesday agreed to pay states like Gujarat and Assam, from its annual budget, the difference between royalty paid by operators of some oil fields as per their contract and actual prevailing rate.

Nokia faces lengthy arbitration over LG patent royalty payments

Last Updated: Tuesday, June 16, 2015, 18:48

Nokia said on Tuesday that South Korea`s LG Electronics has agreed a deal to use the Finnish company`s smartphone patent license but royalty payments will be settled in a lengthy arbitration process.

Nokia, LG join hands, ink smartphone patent licence

Last Updated: Tuesday, June 16, 2015, 17:16

The detailed royalty payment obligations will be subject to commercial arbitration and is expected to conclude within a 1-2 year timeframe. Other terms of the agreement remain confidential.

Fin Ministry rejects DIPP's proposal to put curbs on royalty payment

Last Updated: Thursday, January 29, 2015, 16:20

The Finance Ministry has turned down a DIPP proposal seeking re-introduction of restrictions on royalty payments for preventing excessive outflow of foreign exchange, saying it would send a negative signal to overseas investors.

GAIL to pay royalty on RIL gas price

Last Updated: Tuesday, December 23, 2014, 16:07

State-owned GAIL India Ltd has been asked to pay royalty on the USD 1.41 per unit it is collecting on natural gas produced from Reliance Industries' eastern offshore KG-D6 fields.

Fin Min examining DIPP's proposal for curbs on royalty payments

Last Updated: Monday, January 13, 2014, 14:48

The Finance Ministry is examining a proposal of the Department of Industrial Policy and Promotion (DIPP) to re-introduce restrictions on royalty payments by Indian arms of foreign companies.

ONGC to appeal in Supreme Court against Gujarat HC order

Last Updated: Tuesday, December 10, 2013, 16:17

Oil and Natural Gas Corp (ONGC) on Tuesday said it would appeal in the Supreme Court against a Gujarat High Court order asking it to pay Rs 10,000 crore in past royalty dues, saying it cannot pay the levy on revenue it hasn't earned.

RSS chief asks royalty to ensure unity in society

Last Updated: Monday, April 1, 2013, 23:34

RSS chief Mohan Bhagwat on Monday appealed to the rulers of erstwhile princely states to come forward in strengthening the unity among people.

Nestle board approves hike in royalty payment to parent firm

Last Updated: Friday, March 22, 2013, 20:27

FMCG major Nestle India Friday said its board has approved an increase in royalty payment by 0.20 percent per year for the next five years to its parent firm, thereby enhancing it to 4.5 percent of the sales.

Duchess Kate finds blue blood in her own family

Last Updated: Sunday, December 16, 2012, 17:44

It has been found that Duchess of Cambridge, Catherine, is related to one of Britain`s grandest families and can count a prime minister, earls and countesses among her kin.

Puja pandals and `Dandiya` organisers to pay music royalty

Last Updated: Thursday, October 18, 2012, 13:01

All Durga Puja pandals in the city and `Dandiya` programmes where music will be played for commercial purposes will now have to shell out royalty fee to the Indian Performing Right Society (IPRS).

Royal sensation ‘Naked’ Harry, no big deal!

Last Updated: Thursday, August 23, 2012, 10:15

Going by the gossip murmurs in the high society and among the commoners in London, the possibility of Prince Harry losing his royal title following the naked drunken after party in Las Vegas is perhaps most unlikely.