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Chennai-based entertainment company Pyramid Saimira Theatre Limited (PSTL) has moved the Securities Appellate Tribunal (SAT) against market regulator Securities and Exchange Board of India (Sebi)’s order, which had banned the company in November 2009 from trading in the Indian securities market for seven years following irregularities in its initial pubic offering (IPO).

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Dabur alleges US firm of infringing on its trademark

FMCG major Dabur has alleged that US-based firm Aveda, which manufactures and sells Ayurvedic cosmetic products, is infringing on the trademark of its skincare range. - Dabur accuses US firm of infringing on its trademark - Dabur appeals against "Pachmola" sale - Dabur India keen on rural penetration in UP - Marico net surges 32% to Rs 62 cr - Dabur Q2 net up 30.7% - No child's play In its petition before the Delhi High Court, Dabur alleged that the US-based firm is infringing on the trademark of its skincare range Uveda, which is also based on the Ayurveda therapy. During the proceedings, senior advocate Abhishek Manu Singhvi alleged that Aveda, which has launched its product in India, is trying to ride on the popularity of its range and sought an injunction from the court against the US-based firm. After hearing the arguments, Justice S N Dhingra reserved his order on Dabur"s plea. Opposed Dabur"s plea, Aveda raised doubts over the FMCG major"s claim over registration of Uveda as trademark. "The word Aveda is derived from Ayurveda and nobody can claim monopoly over the use of the word. Even if it (Dabur) has registration, it cannot take such ancient names as its personal property," said Aveda"s counsel. He also refuted Dabur"s allegations that its customers would be confused due to phonetic similarity in the names. "There is no similarity between Dabur"s and Aveda"s products...There would be no confusion as marks on the packets are different. There is a great difference in prices also," the counsel said.


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