MUMBAI Dec 13 Shares in India's Hindustan Unilever fell more than 2.5 percent on Thursday, down for the second day, on concerns that it may face higher royalty payments to its parent Unilever PLC.
Concerns came after Unilever Indonesia agreed on Wednesday to pay a higher royalty payment to the parent company.
On Wednesday, in response to a Reuters query, the company spokesperson said, "As a policy we do not comment on market speculation." (Reporting by Abhishek Vishnoi; Editing by Gopakumar Warrier)
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Next year, Dr. Ketan Desai is slated to head the World Medical Association (WMA), guardian of the Hippocratic Oath. The WMA is standing by him, even as he battles conspiracy allegations in two Indian courts. Desai has been facing allegations that he conspired in 2009 to have the Medical Council recommend that a private medical college be allowed to add more students. Full article