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European Union court rules Adidas' three-stripes trademark invalid

Thursday, June 20, 2019, 10:28 AM

Adidas' three-stripes have been ruled invalid as a trademark by a European Union court which said they lacked a distinctive character recognisable throughout the 28-country bloc. But the German sporting goods company, whose shares were down 1.3% in a broadly weaker market, said the court's ruling only affects a particular use of the symbol.
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RBI slaps Rs 10 lakh fine on South Indian Bank

Thursday, June 20, 2019, 10:20 AM

The RBI said it has imposed a fine of Rs 10 lakh on South Indian Bank for violating norms regarding bank guarantees. The penalty follows references from a government department and a private party alleging non-payment of invoked bank guarantees by the lender, the Reserve Bank said in a statement. The penalty has been imposed through an order dated June 13.
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Farm sector likely to get Rs 25 lakh-crore budget boost

Thursday, June 20, 2019, 10:11 AM

The central government has targeted spending Rs.25L crore on the rural and farm economy over the next five years, which will reflect in allocations to be made in these sectors in the annual Budget on July 5, an official said. In the previous term of the Modi government, farmers' earnings had been hit by low agricultural prices, leading to farm-loan waivers by several states.

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