Hindustan Unilever to pay royalty to parent
FMCG major Hindustan Unilever has signed a trademark licence agreement with Unilever, under which it will pay one per cent of net sales on specific brands, owned by the latter, as royalty to its UK-based parent.
Late Sathya Sai Baba's nephew RJ Ratnakar, who was yesterday questioned by police in connection with the seizure of Rs 35.5 lakh in cash, on Sunday, said the money belonged to the ``devotees'' but refused to elaborate more.