EIH brass to get 2% of profits as commission
EIH, which runs Oberoi Group of hotels, on Tuesday said in a filing on the BSE that PRS Oberoi, now the executive chairman, and SS Mukherji, now vice-chairman and chief executive officer, of the company would get commission at 2% of the net profits of the company in a financial year. Moreover, it informed the bourses that Mukherjee’s remuneration has been revised to R15 lakh per month with effect from February 2013.
Amazon, Redington tie up for Kindle sale
Amazon Seller Sevices, a wholly-owned subsidiary of Amazon.com, has appointed Chennai-based Redington India as a national distributor for its Kindle devices. This distribution tie up will give Redington en entry into e-reader segment. Amazon.com is a Fortune 500 company based in Seattle and is engaged in the e-commerce business and offers wide range of products online in categories such as books, movies and games, said a Redington filing to stock exchanges.
Jaguar XJ Ultimate arrives in India
The Jaguar XJ Ultimate was launched in India on Tuesday. For the uninitiated, the XJ Ultimate represents the pinnacle of the luxurious and innovative XJ experience with heightened levels of opulence for rear-seat passengers. Available in two engine derivatives, the XJ Ultimate is priced from R17,824,481, ex-showroom, Mumbai.
Status quo on Calcutta HC’s order on Dunlop
The Supreme Court has granted a status quo till March 13 on Calcutta High Court’s order of winding up Dunlop India. The apex court has directed Dunlop to file an appeal in the name of the company. Contributories of Dunlop filed a petition at Supreme Court following the Calcutta High Court’s winding up order.
Calcutta HC declines stay on Reckitt ad
There’s new twist to the ongoing legal battle between Hindustan Unilever (HUL) and Reckitt Benckiser India (RBIL). After hearing both HUL and RBIL grievances, the Calcutta High Court has not granted any stay order on RBIL’s television commercial that says Dettol Healthy Kitchen has better germ killing capability than HUL’s Vim Liquid. As an interim measure with the consent of HUL and RBIL, the court recorded that RBIL would remove from its television commercial only