Intellectual Property Rights

The billionaire Lodha brothers are in a legal dispute over the use of the "Lodha" trademark and division of family assets

Electronics and Computer Software Export Promotion Council (ESC) has batted for further calibration of Design Linked Incentive (DLI) scheme to make it more broad-based and impact-oriented. The industry body has made a strong pitch for incentives to promote R&D and innovation in capital-intensive electronics hardware sector during a recent interaction with Finance Minister Nirmala Sitharaman, a release said on Sunday. ESC has also sought additional income tax reduction for Indian corporates spending over 3 per cent of their turnover to advance R&D and filing patents/designs in India. "In an exclusive interaction with Finance Minister Nirmala Sitharaman and other senior officials of the Ministry of Finance recently, the...export promotion council...said that a well-calibrated incentive system designed to empower industry players could motivate nascent industry units to move in the R&D value chain in cutting-edge technology domains like AI, IoT, telecom, and embedded ...

HUL has said that it has an 'indemnification right' to recover the demand raised by the Income Tax department

Members of Geneva-based World Intellectual Property Organization (WIPO) have concluded an agreement under which it will be mandatory for patent applicants to disclose country of origin or source of genetic resources if the claimed invention is based on those materials or associated traditional knowledge. The treaty will provide additional protection for Indian genetic resources and traditional knowledge. Although these are currently protected within India, they are prone to misappropriation in countries, which do not have disclosure obligations. The current patent legislation does not have a mandatory provision requiring patent applicants to disclose the country of origin or source in case where the invention is based on genetic resources. At present, only 35 countries have some form of disclosure obligations, most of which are not mandatory and do not have appropriate sanctions or remedies in place for effective implementation. The new treaty was adopted on May 24 at the WIPO ...

World Intellectual Property Day 2024: The world celebrates World Intellectual Property Day on April 26 aiming to spread awareness about IP rights and encourage innovation and creativity

India granted 1.03 lakh patents in financial year 2023-24, Controller General of Patents, Designs and Trademarks Unnat Pandit said on Thursday, as he assured that there will be "no delay" in the Intellectual Property Office as it prioritises timely clearance of applications. Addressing an Assocham event here, he shared that 40 per cent of the applications were disposed of within 30 months of the request for examination. "We are going to have no delay in the IP office, that's the motive with which we have .. that IP should be granted and under Chapter 8 of the Act it should also be utilised by the applicant ... that will generate the economic value of IP," Pandit said. "All the pendency got cleared so now whatever application which is going to come for examination or hearing will be within the period of 30-36 months. So there is no delay which is going to happen now," he said on the sidelines of the event. Pandit emphasised that India needs to strengthen its Intellectual Property ..

The development is in line with ongoing governmental efforts to bolster innovation in the deeptech sector

The Index evaluates the IP frameworks of the world's top 55 economies, revealing significant improvements in 20 economies

India's stand on intellectual property rights (IPRs) and pharma issues in proposed trade agreements balances innovation with public health needs, ensures availability of affordable medicines and promotes growth of generic medicine industry, a GTRI report said on Friday. Think tank Global Trade Research Initiative (GTRI) said that by opposing demands of developed nations on issues like 'data exclusivity' and 'patent linkage' in free trade agreements (FTAs), India ensures that generic drug manufacturers get greater market access and cost of life-saving medicines gets reduced significantly. "India's approach underscores a commitment to balancing innovation with public health needs, adopting a flexible interpretation of TRIPS to align with its developmental goals, and preventing the establishment of unfair monopolies, especially in the pharmaceutical sector," the GTRI paper said. It added that this stance reflects a broader effort to protect traditional knowledge and ensure the ...

Mickey Mouse's first screen release in the 1928 short film 'Steamboat Willie', featuring both him and Minnie Mouse, became available for public use from January 1

Superdry and Reliance Retail, whose more than 18,000 stores sell everything from groceries to electronics, will own 24% and 76%, respectively, of the joint venture vehicle

Both sides 'very close' to concluding trade deal

There is work ongoing with a number of economies, including the UK, on the issue of intellectual property (IP) rights and modernisation in an effort to improve Indian protocols, Union Minister of Commerce and Industry Piyush Goyal has said. Goyal, who visited London this week amidst the India-UK talks for a free trade agreement, attended a gathering of Indian-origin chartered accountants (CAs) from the UK Chapter of the Institute of Chartered Accountants of India (ICAI) here on Wednesday evening. Responding to questions at the event, the minister a qualified CA covered a range of topics including IP rights and corporation tax to environmental, social and corporate governance (ESG). He said the process to harmonise with international standards is high on the government's agenda because integrating with world thinking on standards and IP is important for the fast-paced growth of the Indian economy. With the UK we are working on IP rights or IP modernisation. Our effort is to improve

There is work ongoing with a number of economies, including the UK, on intellectual property (IP) rights and modernisation in an effort to improve Indian protocols, Union Minister of Commerce and Industry Piyush Goyal has said. Responding to questions from a gathering of Indian-origin chartered accountants (CAs) from the UK Chapter of the Institute of Chartered Accountants of India (ICAI) at the conclusion of his London visit on Wednesday evening, the minister a qualified CA covered a range of topics including IP rights and corporation tax to environmental, social and corporate governance (ESG). He said the process to harmonise with international standards is high on the government's agenda because integrating with world thinking on standards and IP is important for the fast-paced growth of the Indian economy. With the UK we are working on IP rights or IP modernisation. Our effort is to improve the Indian protocols around intellectual property rights and areas associated with it, b

In the event of future pandemics, an omnibus waiver will enable a quick response and prevent drawn-out negotiations

To be subject to intense bilateral engagement along with six other countries on the list

FICCI in its response to the standing committee had said that the introduction of material influence as proposed would still keep its definition vague and open to interpretation

The draft has also proposed to prohibit pre-grant oppositions, which means that India will not be able to stop challenges to weak/invalid patents until after they have been granted

IPR laws in India and the challenge of staying ahead of violators

Addressing a meeting with co-sponsors of TRIPS waiver proposal, union minister Piyush Goyal said that the way nitpicking is being done by some countries, it only reflects their insincerity