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Time of India
3 days ago
- Automotive
- Time of India
Delhi HC restrains infringement of Volvo trademark
The Delhi High Court has restrained the infringement of the trademark of Swedish vehicle manufacturer, Volvo . In an order dated May 30, Justice Amit Bansal further restrained two transporters from the unauthorised use of the mark for their bus services. The Swedish vehicle maker filed a plea seeking a permanent injunction against the defendants from infringing its Volvo trademark . The defendants, the plea alleged, were Udaipur-based Ganesh Motor Body Repairs, a manufacturer and fabricator that made buses nearly identical or deceptively similar to the original Volvo buses, Rishabh Bus Private Limited in Delhi, which purchased buses from the maker and lured customers for its inter-city bus services by advertising its fleet of buses as Volvo buses. Volvo said another transporter, the Bahraich-based Shanti Travels, used a motif on its grille that was nearly identical to its grille. Arguing its case, the Swedish company said its " iconic grille slash trademark " was of particular significance as its placement on the grille of any bus or other automobile signified that the automobile was originally a Volvo. "The defendants, by manufacturing, using, displaying, and advertising lookalikes of the plaintiffs' well-known products, are attempting to create an unauthorised association with the plaintiffs (Volvo group), and target customers and deceive them to believe that the plaintiffs have launched an affordable new range of products," the plea said. The court held that the defendants had dishonestly copied and created fake, replica or counterfeit products of the plaintiffs' famous products bearing the Volvo trademarks. "The defendants' attempt to use the suit trademarks is nothing but a mala fide attempt to encash on the plaintiffs' rights and amount to infringement and passing off of the suit trademarks, with a sole intention of riding piggyback on the plaintiffs' immense reputation and goodwill to achieve immense publicity, marketing and business gains," the court said. The order found a prima facie case in their favour of the Swedish maker for an ad-interim injunction. "If the actions of the defendants remain unrestrained, then the practice of using the infringing grille slash trademarks on any bus will become rampant and the exclusivity associated with the plaintiffs' buses will vanish over time," it added. The court, as a result, restrained the defendants and their agents from infringing the Volvo mark in any manner by physically using it on buses or using it for travel services till October 9, the next date of hearing.
Time of India
4 days ago
- Automotive
- Time of India
Delhi HC restrains infringement of Volvo trademark
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel The Delhi High Court has restrained the infringement of the trademark of Swedish vehicle manufacturer, Volvo In an order dated May 30, Justice Amit Bansal further restrained two transporters from the unauthorised use of the mark for their bus Swedish vehicle maker filed a plea seeking a permanent injunction against the defendants from infringing its Volvo defendants, the plea alleged, were Udaipur-based Ganesh Motor Body Repairs, a manufacturer and fabricator that made buses nearly identical or deceptively similar to the original Volvo buses, Rishabh Bus Private Limited in Delhi, which purchased buses from the maker and lured customers for its inter-city bus services by advertising its fleet of buses as Volvo said another transporter, the Bahraich-based Shanti Travels, used a motif on its grille which was nearly identical to its its case, the Swedish company said its " iconic grille slash trademark " was of particular significance as its placement on the grille of any bus or other automobile signified that the automobile was an originally a Volvo."The defendants, by manufacturing, using, displaying, and advertising lookalikes of the plaintiffs' well-known products, are attempting to create an unauthorised association with the plaintiffs (Volvo group), and target customers and deceive them to believe that the plaintiffs have launched an affordable new range of products," the plea court held that the defendants had dishonestly copied and created fake, replica or counterfeit products of the plaintiffs' famous products bearing the Volvo trademarks."The defendants' attempt to use the suit trademarks is nothing but a mala fide attempt to encash on the plaintiffs' rights and amount to infringement and passing off of the suit trademarks, with a sole intention of riding piggyback on the plaintiffs' immense reputation and goodwill to achieve immense publicity, marketing and business gains," the court order found a prima facie case in their favour of the Swedish maker for an ad-interim injunction."If the actions of the defendants remain unrestrained, then the practice of using the infringing grille slash trademarks on any bus will become rampant and the exclusivity associated with the plaintiffs' buses will vanish over time," it court, as a result, restrained the defendants and their agents from infringing the Volvo mark in any manner by physically using it on buses or using it for travel services till October 9, the next date of hearing.
Mint
10-06-2025
- Business
- Mint
Low credit score = high interest: Here's how to fix it and save big on personal loans
As the Indian financial landscape evolves the importance of a healthy credit profile and a high credit score for securing affordable personal loans have never been cleaner. It is crucial to acknowledge the fact that even marginal improvements in your credit score can result in substantial savings on interest payments, thus making it important for aspirational borrowers to understand and manage their credit health efficiently. Your credit score reflects your creditworthiness. It basically ranges from 300 to 900 and is provided to individuals by leading credit bureaus such as CRIF High Mark, CIBIL, Equifax among others. Lenders utilise this score to calculate and assess the risk of lending to you. That is why a high credit score matters for seamless approval of a personal loan. A higher credit score signals to financial institutions and NBFCs that you are less likely to miss out on repayments and default, thus making you eligible for lower interest rates, premium credit cards and better personal loan terms. Applicants who have a credit score of 750 or above are considered financially disciplined and are offered the most lucrative and highly competitive interest rates. Amit Bansal, Founder, BharatLoan, says 'Credit scores in India are primarily driven by factors such as high credit utilisation, increased reliance on BNPL, credit cards and low awareness about factors like timely repayments, multiple credit inquiries and loan tenures.' It is these factors that cumulatively influence an individual's credit score and their overall credit profile. Hence, financial discipline becomes indispensable to effectively manage your credit profile and keep your credit score above 750 to avail seamless credit to facilitate lower interest rates on personal loans and swift approval of premium credit cards. Credit Score Range Creditworthiness Impact on Loan Interest Rate 750-900 Excellent Lowest interest rates; highest chances of approval 700-749 Good Eligible for competitive rates; minor negotiations possible 650-699 Average Moderate rates; loan may be approved with conditions Below 650 Poor or Risky High interest rates or loan rejection Note: These ranges are illustrative and may vary slightly across lenders and credit bureaus. Interest rates have a deep relationship with credit scores. It is crucial to acknowledge because leading banks and financial institutions check credit scores carefully before allowing funds to be given to borrowers. For example, HDFC Bank provides personal loans at rates starting from 10.90% per annum for aspirational borrowers with excellent credit, whereas those with lower credit scores could face high rates. The rates can be as high as 24% or even more. Meanwhile, IDFC FIRST Bank loan applications begin from 9.99% for top tier applicants i.e., those that have very high credit scores but the rates climb for those who have poor credit scores and weak credit profiles. A minor improvement in your credit score, say from 700 to 750 can move you into a lower risk bracket. This also has the potential to reduce your interest rate by 0.5% or more. Now over the lifetime of a particular loan this can translate into significant savings, especially on larger loan amounts. On time repayment: Ensure that all your EMIs, credit card bills or pending loan payments are paid on time. As payment history is the most critical part of a credit score. Ensure that all your EMIs, credit card bills or pending loan payments are paid on time. As payment history is the most critical part of a credit score. Management of credit utilisation: Focus on keeping your credit card balances low relative to your credit limits to maintain a healthy credit utilisation ratio. This depicts financial control and discipline. Focus on keeping your credit card balances low relative to your credit limits to maintain a healthy credit utilisation ratio. This depicts financial control and discipline. Limit new credit applications: Strongly avoid applying for multiple loans, credit cards or any other kind of credit line in a short period of time. As this can negatively influence your score. Strongly avoid applying for multiple loans, credit cards or any other kind of credit line in a short period of time. As this can negatively influence your score. Maintain a long credit history: Do keep older credit accounts active. Accounts such as old credit cards can positively influence your score as they signify a history of consistent repayment and management of credit lines. Therefore, in today's competitive market even a modest boost in your credit score can result in unlocking and opening up lower interest rates and better personal loan opportunities. With personal loans interest rates ranging from as low as 9.99% to over 36% across numerous banks in the county, a major part of the same depends on your own credit profile. That is why optimising credit health, reading about the same, and understanding the basic concepts related to it is a smart financial move. Disclaimer: Mint has a tie-up with fintechs for providing credit; you will need to share your information if you apply. These tie-ups do not influence our editorial content. This article only intends to educate and spread awareness about credit needs like loans, credit cards and credit scores. Mint does not promote or encourage taking credit, as it comes with a set of risks such as high interest rates, hidden charges, etc. We advise investors to discuss with certified experts before taking any credit.
Business Standard
06-06-2025
- Business
- Business Standard
Odisha Chief Minister Mohan Charan Majhi Leads Groundbreaking Ceremony for Hygenco's Landmark Green Ammonia Plant
PRNewswire Bhubaneshwar (Odisha) [India], June 6: HHP Five Private Limited (subsidiary of Hygenco Green Energies Pvt Ltd), a pioneer in producing low-cost green hydrogen, marked a major milestone with the groundbreaking ceremony of its Green Ammonia Plant in Gopalpur, Odisha. Mohan Charan Majhi, Chief Minister of Odisha graced the ceremony, alongside senior government officials and industry leaders. This project underscores Odisha's emergence as a hub for clean energy-driven industrial growth and positions Gopalpur at the forefront of India's sustainable future. Last year, Hygenco achieved a significant landmark by commissioning India's first commercial megawatt scale Green Hydrogen plant, which will help in decarbonisation of steel sector. Its Green Ammonia plant in Gopalpur aims to produce 1.1 million Tonnes Per Annum (MTPA) in three phases: * Phase 1 (2028): 220 KTPA (Kilo Tonnes Per Annum) * Phase 2 (2029): Additional 220 KTPA * Phase 3 (2030+): Full capacity of 730 KTPA Amit Bansal, Co-founder and CEO, Hygenco Green Energies, said, "Building on our pioneering success in Green Hydrogen, Hygenco is now setting new benchmarks in India's Green Ammonia landscape. With this project, we are not only advancing the energy self-sufficiency but also unlocking export opportunities that will position India as a global leader in Green Ammonia. Our focus remains on delivering cost-competitive, world-class solutions that will help industries decarbonize and support India's vision of Aatmanirbhar Bharat." The Green Ammonia plant is also expected to generate indirect employment opportunities during construction and operation. Strategically located at the Gopalpur port hub, the plant is designed to meet both domestic and global demand for green ammonia, enabling decarbonization across key industrial sectors. About Hygenco Headquartered in Gurgaon, India, Hygenco develops and deploys scaled up commercially attractive green hydrogen and green ammonia assets. Hygenco is committed to deploying 10 GW of green hydrogen and ammonia assets by 2030, aligning with India's net-zero ambitions, and solidifying its leadership in the global clean energy transition. Hygenco, which has deep capabilities in designing, building, and operating Green Hydrogen projects, has a portfolio of both commissioned and under-commissioning projects across the country. These include: * GH facility for Jindal Stainless in Hisar, Haryana * GH facility for Sterlite Technologies in Chhatrapati Sambhaji Nagar, Maharashtra * Pilot plant in Ujjain, MP.
Business Upturn
06-06-2025
- Business
- Business Upturn
Odisha Chief Minister Mohan Charan Majhi Leads Groundbreaking Ceremony for Hygenco's Landmark Green Ammonia Plant
By PR Newswire Published on June 6, 2025, 14:21 IST BHUBANESWAR, India , June 6, 2025 /PRNewswire/ — HHP Five Private Limited (subsidiary of Hygenco Green Energies Pvt Ltd), a pioneer in producing low-cost green hydrogen, marked a major milestone with the groundbreaking ceremony of its Green Ammonia Plant in Gopalpur, Odisha. Shri Mohan Charan Majhi , Hon'ble Chief Minister of Odisha graced the ceremony, alongside senior government officials and industry leaders. This project underscores Odisha's emergence as a hub for clean energy-driven industrial growth and positions Gopalpur at the forefront of India's sustainable future. Last year, Hygenco achieved a significant landmark by commissioning India's first commercial megawatt scale Green Hydrogen plant, which will help in decarbonisation of steel sector. Its Green Ammonia plant in Gopalpur aims to produce 1.1 million Tonnes Per Annum (MTPA) in three phases: Phase 1 (2028): 220 KTPA (Kilo Tonnes Per Annum) 220 KTPA (Kilo Tonnes Per Annum) Phase 2 (2029): Additional 220 KTPA Additional 220 KTPA Phase 3 (2030+): Full capacity of 730 KTPA Amit Bansal , Co-founder and CEO, Hygenco Green Energies, said, 'Building on our pioneering success in Green Hydrogen, Hygenco is now setting new benchmarks in India's Green Ammonia landscape. With this project, we are not only advancing the energy self-sufficiency but also unlocking export opportunities that will position India as a global leader in Green Ammonia. Our focus remains on delivering cost-competitive, world-class solutions that will help industries decarbonize and support India's vision of Aatmanirbhar Bharat.' The Green Ammonia plant is also expected to generate indirect employment opportunities during construction and operation. Strategically located at the Gopalpur port hub, the plant is designed to meet both domestic and global demand for green ammonia, enabling decarbonization across key industrial sectors. About Hygenco Headquartered in Gurgaon, India , Hygenco develops and deploys scaled up commercially attractive green hydrogen and green ammonia assets. Hygenco is committed to deploying 10 GW of green hydrogen and ammonia assets by 2030, aligning with India's net-zero ambitions, and solidifying its leadership in the global clean energy transition. Hygenco, which has deep capabilities in designing, building, and operating Green Hydrogen projects, has a portfolio of both commissioned and under-commissioning projects across the country. These include: GH facility for Jindal Stainless in Hisar, Haryana GH facility for Sterlite Technologies in Chhatrapati Sambhaji Nagar, Maharashtra Pilot plant in Ujjain, MP. Photo: View original content to download multimedia: Disclaimer: The above press release comes to you under an arrangement with PR Newswire. Business Upturn takes no editorial responsibility for the same. PR Newswire is a distributor of press releases headquartered in New York City.
