The Financial Express -- News

Tuesday, August 26 1997

Ministry chalks out scheme to modernise patent offices

Emboldened by India's victory in quashing the patent given on turmeric by the US patent office, the Union industry ministry has chalked out a Rs 50-crore scheme to protect new technology developed in the country by strengthening and modernising patent offices all over the country.

Philips ropes in Ravi Kant to pilot consumer electronics unit

Philips India has roped in Ravi Kant, who is credited with the success of Titan watches and LML Vespa scooters, to head its consumer electronics division. Kant's appointment is expected to prop up the sales of the consumer electronics division of the Indian subsidiary of the Dutch electronics giant.

Centre pulls up Maharashtra on mill land sale

The Union government has castigated the alliance government in Maharashtra on its decision to permit three private textile mills in Mumbai to sell their land, especially when similar proposals by the sick National Textile Corporation mills were put on hold.

BJP demand on oil pool deficit likely to sour Front-Congress

RBI steps in to steady rupee at 36.25