AI may have to pay royalty to Tata Sons for brand name use - Business News: Latest Share Market , Economy & Finance News | Trendmergers

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AI may have to pay royalty to Tata Sons for brand name use

Under the Tata Brand Equity and Business Promotion (TBEBP) scheme, group companies using the Tata brand have to pay 0.25% of annual revenue or five per cent of the profit before tax. The brand Air India, which will be untouched for five years, may include a tagline of a Tata Enterprise or Tata Airline.

from Industry-Economic Times
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