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FDI blasts off into the space sector
The Indian space sector has become a beacon of excellence and technological development, propelling India to the forefront of the global space business. During the past decade, the sector has seen tremendous growth, including...
Cyril Amarchand advises on resolution plan for NBFCs
Cyril Amarchand Mangaldas has advised the National Asset Reconstruction Company Limited (NARCL) and the India Debt Resolution Company Limited (IDRCL) on the resolution plan for two non-banking financial companies (NBFCs) under insolvency proceedings.
“This was...
Kangan Roda accepts senior panel counsel role at Delhi High Court
Delhi High Court has appointed Kangan Roda, founding partner of illuminIP, as a senior panel counsel.
“As I step into the role of senior panel counsel for the government of India for Delhi High Court,...
Banning false environmental claims benefits private equity
As consumer demand for environmentally friendly products and services increases and private equity investors look to invest responsibly, Indian businesses are keen to show off their environmental, social and governance (ESG) credentials. From preparing...
Pay your debts to micro or small enterprises or else
With the introduction of amendments to the Income Tax Act, 1961, India’s government has introduced legal changes to encourage the prompt payment of amounts that businesses owe to micro or small enterprises (MSE). This...
Meenal Maheshwari Shah takes up group GC role at Angel One
Meenal Maheshwari Shah has joined fintech company Angel One as group general counsel, bringing more than 14 years of diverse experience to the team.
Shah’s expertise involves managing diverse legal transactions, adeptly navigating complex legal...
Ex-Ola Electric GC to boost ELP partnership ranks
Sanjit Nagarkatti, the former GC of Ola Electric, has joined Economic Laws Practice (ELP) as a partner in its Bengaluru office, while Sukirti Singh has also come onboard as an associate partner.
“I am looking...
A call to action
Combatting counterfeiters is never easy, but often the very survival of quality enterprises is on the line. The stakes are high so the right strategies are key, write Ami Parikh and Bhavesh Haria, in-house...
Any hangups?
India is bringing its outdated telecoms regime into the present with new legislation. But the reforms have sparked concern over privacy and implementation, writes Indrajit Basu
India’s Telecommunications Act, 2023, announced in December last year,...
Data privacy considerations for technology companies
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India’s first comprehensive data protection law, the Digital Personal Data Protection Act (DPDP Act), was enacted in August 2023 to regulate the processing of digitalised personal data of individuals (data principals).
Most...
Global compliance with data protection regimes
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India’s volume of data generated daily has skyrocketed, from social media interactions and financial transactions to healthcare records and transportation systems. Alongside the opportunity for innovation and growth, this development has...
The key aspects of India’s Data Protection Act
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The Digital Personal Data Protection Act, 2023 (DPDP Act), is a landmark in India’s journey towards robust data privacy regulations. Enacted in August 2023, the act is poised to redefine the...
CCI imposes penalty guidelines for anticompetitive conduct
India announced the penalty guidelines for anticompetitive conduct in early March, giving the antitrust watchdog the discretion to impose penalties based on global turnover. While the Competition Commission of India (CCI) can impose a...
Ministry seeks feedback on proposed Digital Competition Law
The Ministry of Corporate Affairs (MCA) has invited public comment on the Report of the Committee on Digital Competition Law (CDCL) and the accompanying draft bill of a Digital Competition Law.
Established in response to...
AMFI outlines trail commissions for mutual fund distributors
Mutual fund distributors can now earn a trail commission when investors transfer their portfolios to them, as per the circular released by the Association of Mutual Funds in India (AMFI) on 5 March, outlining...
India relaxes restrictions on space sector allowing 100% FDI
The government has announced the opening up of the country’s space sector to foreign investors.
Under the new policy approved by the cabinet, foreign direct investment (FDI) restrictions have been relaxed, allowing foreign investors to...
Supreme Court to set tax regime for online gaming
The world of taxation has witnessed many regulatory controversies in the past, but very few have held the attention of policymakers like the online gaming industry has managed to do lately. India has experienced...
RBI’s draft directive for housing finance companies
In 2020, with the commencement of the transfer of the regulation of housing finance companies (HFC) from the National Housing Bank (NHB) to the Reserve Bank of India (RBI), the RBI began introducing various...
Extensions of term-ahead contracts
Recently, distribution companies (discoms) have sought to achieve short-term flexibility in their power purchase contracts. Short-term fluctuations in demand and supply, as well as in tariffs have made it important to optimise long-term contracts...
Trademark cases not as smooth as silk
In the recent case of Berger Paints India Limited v JSW Paints Private Limited before the Calcutta High Court, the plaintiff, Berger, sought an injunction against the defendant, JSW, to restrain it from using...
Amit Aggarwal takes the reins at SNG
A leadership transition at SNG & Partners has seen Amit Aggarwal promoted to managing partner of the firm’s corporate and non-contentious practice. The move is of added significance because it represents a non-family member...
2024: Spheres of influence
With China slowing, India and the Middle East factor heavily in legal experts’ predictions of key trends that will shape 2024. George W. Russell reports
While geopolitical tensions continue to make global headlines – the...
First time? Don’t pAnIc!
Smita Rajmohan, senior product counsel and co-head of the AI Practice Group at software company Autodesk, offers expert advice to in-house counsel on how their companies can implement AI systems
Companies worldwide are embracing new...
Health provider obligations in securing patient information
This, the second in a two-part series on health data protection law, examines the impact of the Digital Personal Data Protection Act, 2023 (DPDPA), on healthcare organisations.
The DPDPA was enacted in 2023 but is...
NIIF the stealth hero of infrastructure investment
The National Infrastructure and Investment Fund (NIIF) was established in 2015 as a trust, registering as a category-II alternative investment fund (AIF) under regulation 2(b) of the SEBI (AIF) Regulations, 2012. Consisting of four...
Greatest gift to humankind or its biggest threat
The exponential rise of the use and economic potential of artificial intelligence has made it a subject of front-rank legal importance. In a world driven by information and a growing awareness among consumers that...
A new climate for regulating financial risk
In its February 2024 statement on developmental and regulatory policies, the Reserve Bank of India (RBI) explicitly recognised that “climate change can translate into climate-related financial risks” for regulated entities (RE) “which can have...
Real estate prosperity only through radical decarbonisation
There is an urgent, crucial need for a more efficient approach to reducing carbon emissions in buildings. This approach has the potential to drive real estate portfolios towards achieving net-zero emissions while generating positive...
Extended deadlines, waived fees for LLP forms
The Ministry of Corporate Affairs (MCA) announced a significant relief for limited liability partnerships (LLPs) by extending the deadline and waiving additional fees for the filing of two crucial forms under the Limited Liability...
Employee transfer needs trust on both sides
Recently, a number of Indian companies have faced questions regarding the validity of transfers they have required of their employees. With several incidents of employees resisting such transfers coming to light, it is essential...
Firms get direct listing on GIFT IFSC exchanges
The government has granted permission for public companies to directly list their securities on international exchanges within the Gujarat International Finance Tec-City International Financial Services Centre (GIFT IFSC).
The decision follows an announcement made by...
RBI issues new credit card rules
The Reserve Bank of India (RBI) announced amendments to the Master Direction – Credit Card and Debit Card – Issuance and Conduct Directions, 2022.
This move was made under section 35A of the Banking Regulation...
Assets seized in Bhushan Steel fraud probe
The Enforcement Directorate (ED) attached immovable assets valued at INR3.6 billion (USD44.2 million) across New Delhi, Mumbai, Kolkata and Odisha in a money-laundering investigation related to an alleged bank loan fraud involving Bhushan Steel...
Fintech goes mainstream through new incentive scheme
The fintech sector in India has become a global leader. It has built the largest ecosystem and enjoyed the fastest growth. By 2025, its valuation will hit USD150 billion-USD160 billion, making the country a...
Punching the clock
An elderly billionaire’s comments about working long hours has fuelled a firestorm. Katherine Abraham quizzes members of the legal fraternity about the merits of working tirelessly in a profession notorious for its skewed work-life...
Deals of the Year 2023
India Business Law Journal reveals 50 standout deals and disputes of 2023, and the law firms that successfully concluded them
The year 2023 will be remembered for its several notable highs for corporate India –...
Steady as she goes
With general elections looming, India’s finance minister has chosen a largely safe approach with regards to unveiling taxation policies in the country’s 2024 interim budget, write Preeti Goyal, Bharathi Krishnaprasad and B Venkat Ramanan...
Pair advise on USD5.3bn Bolloré Logistics sale to CMA CGM
Willkie Farr & Gallagher and Khaitan & Co have advised on the Bolloré Group’s EUR4.85 billion (USD5.3 billion) sale of its logistics subsidiary to shipping company CMA CGM.
Khaitan advised on the Indian law aspects...
SAM aids ACME’s divestment of USD253m in solar assets
Shardul Amarchand Mangaldas & Co (SAM) has advised on the divestment of energy assets from ACME Solar Holdings and ACME Solar Energy to renewable company BluPine for an undisclosed sum.
SAM advised both companies under...
Three retired chief justices to work with Presolv360
Presolv360 – an online dispute resolution institution collaborating with various courts, government and private entities – has established an advisory council to facilitate smooth processing.
The council includes chief justices UU Lalit, BN Srikrishna and...
FDI taking up arms in the defence sector
India’s defence sector has long been a government-controlled industry with limited private sector participation. However, the need for modernisation, self-reliance and defence exports has led to significant reforms to attract FDI. FDI of 74%...
Barriers to investing in the nuclear sector
Following the grant of the Nuclear Suppliers Group waiver in 2008, India divided its nuclear operations into military and civilian facilities. While nuclear power has civilian uses such as energy supply, civilian participation in...
Flow interrupted!
The central bank’s move to curb evergreening loans looks set to backfire as the future of alternative investment funds may hang in the balance, writes Freny Patel
Many non-bank finance companies (NBFCs) are running pillar-to-post...
The flourishing India and Japan business partnerships
In a world of shifting trade allegiances, the business alliance between India and Japan testifies to longevity, stability and shared ambitions. The ever-deepening ties between the two Asian powerhouses are built on common aims...
Health provider obligations in securing patient information
This, the second in a two-part series on health data protection law, examines the impact of the Digital Personal Data Protection Act, 2023 (DPDPA), on healthcare organisations.
The DPDPA was enacted in 2023 but is...
In-house Counsel Awards 2023-24
In-house counsel and corporate legal teams honoured by their peers for outstanding legal work. Katherine Abraham reports
Individual Awards
Team Awards
The third edition of the In-House Counsel Awards continues our endeavour to recognise the driving forces...
Gathering dust
With more than 50 million cases pending at courts across the country, India holds the dubious distinction of one of the largest backlogs of cases in the world, with decades-old commercial disputes burdening litigants,...
TM rights in ‘Shakti Bhog’ controversy amid insolvency proceedings
Amid the ongoing criminal proceedings alleging fraud and money laundering against officers of the Shakti Bhog companies and of creditor bank employees, insolvency proceedings are underway and have been for some time. A dispute...
Obstacles and opportunities in real estate AI
Generative artificial intelligence (AI) means sophisticated algorithms enabling computers to create content using existing data, such as text, audio files and images. In the dynamic real estate sector, integrating AI offers significant opportunities alongside...
Franchising in India: An opportunity for Korean business
Franchising as a business strategy provides attractive opportunities for foreign companies looking to expand their businesses in India’s thriving markets. The Indian franchise market is expected to reach USD140 to 150 billion during the...
IP strategies in the auto sector
The automobile industry is one of the fastest growing economic sectors, and from a legal standpoint several increasingly popular trends can be seen, write Pravin Anand and Safir Anand.
One of the primary strategies the...
New MCA policy standardises review of existing regulations
The Ministry of Corporate Affairs (MCA) has introduced a new policy that requires regulators to conduct pre-legislative consultations and a full review of existing rules and regulations.
The policy aims to increase transparency, engagement with...
CCI flags draft penalty rules to competition law
The Competition Commission of India (CCI) has proposed a set of draft penalty regulations in response to recent amendments to the country’s competition law.
Under these proposed regulations, indirect taxes, trade discounts and intra-group sales...
RBI drafts framework for self-regulatory organisations
Amid transformation of the financial services industry due to technological advancements, fintech firms have emerged as both disruptors and facilitators. Playing a crucial role in redefining the financial services landscape, fintech is also raising...
RBI guidelines boost transparency in India’s debt market
In a bid to bring more transparency and stability to the short-term debt market, the Reserve Bank of India (RBI) has issued new guidelines governing commercial papers (CPs) and non-convertible debentures (NCDs) with maturities...
Disputed jurisdiction for property, commercial contracts
In the recent case of Sanjay Suganchand Kasliwal v Golden Dreams Buildcon Pvt Ltd and Ors, the appellant appealed to the Bombay High Court against the refusal of the civil court to hear the...
Indian firm SNG launches Japan desk to foster bilateral ties
SNG & Partners, established in 1962 and headquartered in India, has officially launched a dedicated Japan desk, underscoring its commitment to fostering ties between the two countries.
Aside from fostering Indo-Japan bilateral relations, the move...
Repeal consumer protection disguised as tax provision
The Goods and Services Act, 2017 (act), came into force accompanied by concerns whether businesses would pass on its tax benefits to consumers. Keeping its promises, the government introduced anti-profiteering measures against unfair profiteering....
Ensuring liquidation preference to protect investor rights
Investment agreements generally include provisions for liquidation preference. Investors have the right to receive a specific amount before other shareholders on the occurrence of pre-defined liquidation events such as acquisitions, the merger and sale...
Burning ambition
The young talent poised to make a name for themselves
As the year draws to a close, India Business Law Journal conducted a survey inviting clients, peers and business leaders to nominate the young and...
The value vector
Law firms are going the extra mile to prove their intrinsic worth to corporate counsel, but are their billing innovations paying off? Vandana Chatlani reports
Almost 4,000 companies listed on India’s stock exchanges spent USD7.54...
Data dilemma
The very definition of a keeper of data has ramifications for how the relationship between users and processors in India will evolve, and in turn how laws must adapt to protect and regulate, writes...
2023 – The legal year in review
From artificial intelligence and de-risking from China to energy transitions and global taxation, law firms and in-house counsel had plenty to keep them busy in 2023. George W Russell looks back at an eventful...
Does private credit need stricter regulation?
Private credit has become an attractive source of funding for issuers, compared to traditional sources. This is because the Reserve Bank of India (RBI) has stricter regulations and has tightened lending standards for banks...
The unexpected GST burden on Japanese corporate guarantees
The Goods and Services Tax (GST) was a game-changer in the financial and corporate sectors. Recent changes to the GST have significant implications for Japanese companies in India, particularly how corporate guarantees are taxed.
Corporate...
Monetisation of renewable energy in focus
Since India announced its 2070 net zero goals, decarbonisation has taken centre stage. Initiatives such as the Production-Linked Incentive tranche-I and tranche-II for high-efficiency solar module manufacturing will play a vital role in reducing...
Weighing the future
India's future legal leaders show what it takes to stand out to clients and industry peers. Katherine Abraham reports
Access The List
At a time when robust leadership potential has become imperative for success in the...
Action needed on lack of SIDI neutrality
In December 2022, the Standing Committee on Finance (committee) issued a report on Anti-Competitive Practices by Big Tech Companies (report). The report highlighted issues affecting competition in digital markets and made proposals to regulate...
Deadline looms on old share warrants
The Union Ministry of Corporate Affairs has announced new rules under the Companies Act, 2013, impacting the issuance of share warrants and dematerialisation of securities for both public and private companies.
Public companies that issued...
Only green energy will sustain data centres
Data centres are dedicated secure spaces where computing and networking equipment collects, stores, processes, distributes and provides access to large amounts of data. Most companies have data centres, either onsite or use the servers...
Cross-border tax sole benefit still a good object
Foreign Direct Investment (FDI) in India has greatly increased in the past decade, particularly after the pandemic. This has led to more cross-border transactions in which foreign investors transfer their company holdings as a...
Protecting patient data: Indian data protection framework
The Indian healthcare sector is expected to grow into a USD50 billion industry by 2025 due to digital innovation, such as in remote healthcare, medtech, and artificial intelligence. However, cyberattacks on AIIMS Delhi, a premier...
Top court provides clarity on captive power generation
The Supreme Court judgment in M/s Dakshin Gujarat Vij Company Limited v M/s Gayatri Shakti Paper and Board Limited and Anor (Dakshin Gujarat) settles long-standing issues related to captive generation plants and the use...
Singapore blooms as hub for dispute resolution
The city-state remains a prominent arbitration destination for many countries, including India, and growth is on the cards, says Ban Jiun Ean, CEO at Maxwell Chambers
Maxwell Chambers CEO Ban Jiun Ean gives insights in...
Which way the gusts blow for offshore wind projects
The Ministry of New and Renewable Energy (MNRE) finally published India’s first draft tender document for seabed leasing for offshore wind energy projects in November 2022. The release of the document has subsequently been...
RBI as consumer loans watchdog or obstruction
Following many months of telegraphing its continued discomfort with the rapid growth in personal loans and unsecured credit, the Reserve Bank of India (RBI) has issued its most obvious sign of tougher action to...
Making room for confessions
The inclusion of the settlement and commitment regulations in the amended competition law is set to boost the credibility of India’s antitrust commission and promote fair play in the market. But stakeholders see room...
MSME sector not so small for Korean businesses
India’s economy is growing rapidly, with GDP expected to grow by 6% year-on-year. The Micro, Small and Medium Enterprises (MSME) sector contributes significantly to GDP and is crucial to its overall increase.
The MSMEs are...
Make in India needs immigration into the country
The progress made by India’s economy and the acceptance of the Make in India programme by global producers has influenced another previously unaffected segment. Immigration into India is increasing. The grant of residence through...
Workplace harassment not to be shrugged off
As most companies in India return to the work-from-office model, increased on-site interactions make it imperative for employers to put in place robust mechanisms that effectively address workplace harassment. An employee’s misconduct often results...
The A-List 2023-24
Access the A-List 2023-24
Our survey of in-house counsel and business leaders reveals the most sought after lawyers in India. Katherine Abraham reports
In 2023, India’s legal landscape witnessed a notable acceleration. Given the government’s swift...
Ministry imposes stricter compliance for LLPs
The Ministry of Corporate Affairs has implemented significant changes through the Limited Liability Partnership (Third Amendment) Rules, 2023. Effective from the notification date of 27 October 2023, these amendments bring crucial alterations primarily centred...
SEBI suggests changes to listing rules for debt securities
The Securities and Exchange Board of India (SEBI) has introduced amendments to its regulations for the issue and listing of debt securities.
Key changes in the Securities and Exchange Board of India (Issue and Listing...
RBI stiffens IT rules for finance sector players
The Reserve Bank of India (RBI) is introducing specific guidelines for information technology practices in banks and non-banking financial companies (NBFCs).
The Reserve Bank of India (Information Technology Governance, Risk, Controls, and Assurance Practices) Directions,...
Anagram Partners advises on Vedanta demerger in restructuring
Anagram Partners has acted for Vedanta, India’s leading diversified natural resources powerhouse with a valuation of USD10 billion, on its recent restructuring initiative.
The company executed a strategic demerger, which unfolded through a straightforward vertical...
Powering up
Green hydrogen a potent futureb source of clean energy
In mid-August this year, the Ministry of Power and New and Renewable Energy came out with a national green hydrogen standard that defined the emission threshold...
Protection revolution
In an era defined by digital transformation, data has rightly been called the new oil of the global economy. Richa Relhan, in-house counsel at Max Life Insurance Company, explores the safety fencing that India...
Insurance is an enticing prospect for investors
Despite the headwinds that reduced private equity (PE) and venture capital (VC) activity in India in the past year, the insurance sector has continued to attract interest from financial investors. One part of the...
Foreign direct investment in Jammu and Kashmir
In the early 1990s India began to attract foreign direct investment (FDI) through economic liberalisation. A large and growing domestic market, favourable demographics, consistent growth, liberalised policies and improved ease of doing business combined...
Strength in numbers
The alliances among associations dedicated to the growth and development of corporate counsel in Asia seem to have become a numbers game. So, is everyone on the same side? Freny Patel reports
Just three...
The green scheme
India's journey towards a sustainable and green energy future has taken a significant leap forward with its ambitious plans to become a global hub for the production of green hydrogen. Chandu Gopalakrishnan reports
What is...
Saraf adds partners to boost new Hyderabad branch
Saraf and Partners has established a new office in Hyderabad to solidify the firm’s presence in the region.
Heading the Hyderabad office are partners Durga Bose Gandham and Altaf Fathima who have joined from DSK...
Tax reform leads to a developed economy
As India pursues its ambition of becoming a USD30 trillion economy by 2047, it needs to understand the different tax policies of developing and developed countries. New tax models must be adopted to achieve...
Beyond the hype: Shortcomings of new data law
The Digital Personal Data Protection Act, 2023 (DPDPA), is expected to be implemented in the coming months. Businesses have begun to bring their data protection governance programmes into line with the legislation. However, a...
RBI fines ICICI, Kotak Mahindra banks over breaches
The Reserve Bank of India (RBI) has imposed INR120 million (USD1 million) and INR40 million in penalties on ICICI Bank and Kotak Mahindra Bank, respectively, for violating regulatory norms. The penalties were levied as...
Delisting Roadblock?
Delisting shares under the proposed fixed-price mechanism could be a game changer, but retaining the 90% delisting threshold may derail its effectiveness, writes Freny Patel.
In line with global norms, India’s proposal to allow promoters...
Glimpses of the Road Ahead
Our annual 'State of the Legal Market' survey finds that AI, specialist firms, discerning clients and the paired trends of fragmentation and consolidation are preoccupying the legal community. Katherine Abraham reports
Big changes are afoot...
Tapping innate strengths
Law firm management professionals boost support functions and can play an important advisory role in succession planning, writes legal recruitment expert Vivek Das
The success of the recent G20 Summit held in India and the...
CLA joins hands with JSA to bolster services in India’s south
Chennai-based law firm Commercial Law Advisors (CLA) has merged with JSA, effective from 1 October 2023.
This merger is set to improve JSA's service offerings in the broader south India region, in conjunction with its...
Insolvency and Bankruptcy Code prevails over Electricity Act
The Supreme Court (SC) recently held that the provisions of the Insolvency and Bankruptcy Code, 2016 (IBC), override those of the Electricity Act, 2003 (act), so far as they relate to the recovery of...
LKS advises ETS in acquisition of remote test provider Wheebox
Lakshmikumaran and Sridharan (LKS) has acted for Educational Testing Services (ETS) on acquiring PeopleStrong’s assessment and remote proctoring business, Wheebox, for an undisclosed amount.
LKS provided transaction support, including structuring, legal due diligence, negotiation, finalising...
CAM, Khaitan, Foley guide parties in USD75m True North deal
Khaitan & Co, Foley & Lardner and Cyril Amarchand Mangaldas (CAM) advised on Indian private equity firm True North’s USD75 million acquisition of a minority interest in both iLink Multitech Solutions and iLink Systems.
True...
Data about to become even more personal
The Digital Personal Data Protection Act, 2023 (DPDPA), the new data law in India, will require businesses to evolve, and in all likelihood, restructure their data protection frameworks and user experience. While the law...
CCI publishes draft regulations on settlements, commitments
Our previous article on the Competition (Amendment) Act, 2023, drew attention to several amendments that had not been implemented since the Competition Commission of India (CCI) had yet to finalise the accompanying regulations. These...
Growing pains in startup crib
Turmoil within high-profile unicorns, a downturn in funding and an investor emphasis on profitability have resulted in a picture for startups that is not so rosy. Indrajit Basu reports
Startups were called “the backbone of...
Regulation chips in to spark Japan investment
Japan is India’s fifth largest investor, with trade growing to USD20.5 billion in 2021-2022. This relationship promises exponential growth as India has unveiled its policy on localising semiconductor manufacturing and the global value chain....
Korean brands will make up the cosmetics market
The cosmetics market in India represents a golden opportunity for Korean beauty companies. A growing middle class, rising incomes, and an increasing interest among Indians in skincare and make-up items make this sector a...
Final frontier, first opportunities
India’s successful moon mission has shone a light on the expanding involvement of private companies in space. The afterburners are being applied to previously held-up projects. Chandu Gopal reports
As the Chandrayaan-3 rover mission landed...
Gems the jewel in the FDI crown
The government permits 100% foreign direct investment (FDI) in the gems and jewellery sector under the automatic route. The sector is the second largest foreign exchange earner in India. It plays a significant role...
SEBI bars Zee promoters from management
The Securities Appellate Tribunal (SAT) is “not satisfied” with the Securities and Exchange Board of India’s (SEBI) recent confirmatory order against Zee’s former managing director and CEO, Punit Goenka, that barred him from holding...
The influence marketing has on investment decisions
Influencer marketing, before known as word-of-mouth marketing, is now a primary marketing strategy for many businesses. It targets audiences using individuals who have established a relationship of trust with those audiences and who initiate...
Infringing copyright and websites simply not cricket
In the recent case of Sporta Technologies Pvt Ltd and Anr v Unfading OPC Private Limited, Delhi High Court decided that the defendant company had blatantly infringed the trademarks and copied the website of...
Hope for financially stressed subsidiaries of overseas companies
Overseas companies entering the Indian market through the wholly owned subsidiary route do so with hope and expectation. While the majority of ventures have worked out well, there have been instances where the subsidiary...
No green finance framework no sustainable development
India’s growing economy faces challenges from climate change and environmental degradation. Its target, under the Paris Agreement goal, of 450GW of renewable energy (RE) capacity by 2030 needs investment of USD30-40 billion annually. Transitioning...
The subtle art of self-regulation
Differing priorities complicate the process
Recent months have seen supportive messages from Reserve Bank of India (RBI) Governor Shaktikanta Das and his deputy governors favouring self-regulation as a way forward for the fintech sector.
The industry...
Lokesh Shah to bolster IndusLaw’s tax practice in Delhi
Lawyer and chartered accountant Lokesh Shah has joined IndusLaw strengthening the tax practice in the firm’s Delhi and the National Capital Region office.
Shah has more than 20 years of experience in tax matters related...
What amended electricity rules mean for captive generating plants
The Ministry of Power (MoP) recently introduced the Electricity (Amendment) Rules, 2023, amending the Electricity Rules, 2005 (rules), in particular rule 3 dealing with captive generating plants (CGP). While apparently innocuous, a careful reading...
Default loss guarantees in digital lending revisited
In August 2022, the Reserve Bank of India (RBI) issued a press release announcing the partial implementation of the recommendations of its working group on digital lending. Among the proposals made by the working...
Indian law takes off for international standards
Whether Leonardo da Vinci in medieval Italy or John Secondari in 1965 US said, “Once you have tasted flight, you will forever walk the earth with your eyes turned skyward, for there you have...
Full speed ahead
Foreign firms grab the reins to fuel India Inc’s rising ambitions. Vandana Chatlani reports
The past year has been one of renewed optimism. India overtook the UK to become the world’s fifth-largest economy, with the...
