The Competition Amendment Bill has been passed with many business centric changes by the Lok Sabha. The Competition Amendment Bill was originally introduced in the Lok Sabha last August. Thereafter it was referred to the Parliamentary Committee on finance. The bill is yet to be
Does it ever happen to you that you bought something after watching your favourite actress using that particular item in that advertisement but it was total crap and you regretted it? You must know that you are not the only one and many people regretted
Crypto currency transactions have been gaining popularity worldwide, as they provide a decentralized platform for financial transactions. However, with the increase in use of crypto currency, there is also an increase in the risk of it being used for illegal activities such as money laundering.
Medical devices company, Healthium Medtech Ltd. (formerly Sutures India) is in the process of selling stake from its UK-based subsidiary, Clinisupplies to private equity major KKR. Financial details of the transaction were not disclosed. KKR will invest in Clinisupplies through its $4 billion Health Care Strategic Growth Fund
The industrial automation business of Wipro Infrastructure Engineering, a Wipro Enterprises entity, on Thursday announced it is acquiring Linecraft.ai, a Pune-based AI-enabled company, for an undisclosed sum. Linecraft.ai harnesses the power of both automation domain expertise and artificial intelligence (AI) and machine learning (ML) to
Trelleborg Group has, through its business area Trelleborg Industrial Solutions, signed an agreement to acquire an operation specializing in automotive boots for the fast-growing Indian light vehicles market. The operation is part of the India-based privately owned company Injectoplast. The acquisition means that Trelleborg further
Société Générale and AllianceBernstein are combining their equities research and trading businesses to compete better globally. The move comes after a wave of regulation in Europe around how banks and other stock-research providers sell their services. Financial firms tout stock research to their clients for trading ideas
AZB & Partners advised BW Investment LimitedL (BWIL) in its acquisition of 100% shareholding in Rabo Equity Management Company Limited (REMCO). The AZB & Partners team comprised of Partners Rajendra Barot, Darshika Kothari, Kunal Kumbhat and Rushabh Maniar. Write to us at deals@lawwiser.com
Indusalw advised and represented Bright Lifecare Private Limited (“Healthkart”) in relation to its series H investment of USD 135 million led by Temasek and A91 Partners, with participation from Kae Capital and other existing investors. The IndusLaw team comprised of Manish Gupta (Partner), Nikita Goyal
When it comes to protecting sensitive information, a non-disclosure agreement or NDA is one of the most powerful tools available. NDAs are legally binding contracts between two or more parties that regulate the sharing of confidential information. In this video, Avani Shukla of LawWiser shares
The recent collapse of Silicon Valley Bank (SVB) has raised concerns among Y Combinator-backed Indian startups. The situation is still uncertain, with startups eagerly waiting for the US Fed to take action. Startups in India who have deposits with SVB might face the brunt of
The long-awaited wait to allow Foreign firms and foreign lawyers is finally over with the latest BCI ruling. While it’s too soon to predict how the foreign firms are going to respond to it, it is undoubtedly a significant move and therefore, has raised questions
Social Media is not a trend but a habit now. It has become a requirement for individuals and organisations. With the increase in the use of social media, there are regular instances of its abuse in various forms. This has triggered a new discussion to
Saudi Agricultural and Livestock Investment Company (SALIC), a wholly-owned subsidiary of the Public Investment Fund (PIF) of the Kingdom of Saudi Arabia, has acquired 9.22 per cent stake in packaged foods and staples company LT Foods. AZB & Partners advised LT Foods Limited in the
The merger, which is aimed to be completed by March 2024, will give SIA a 25.1% stake in an enlarged Air India group with a significant presence in all key market segments. Singapore Airlines (SIA) and Tata Sons have agreed to merge Air India and
Non-banking financial company Five Star Business Finance Ltd on Monday said it has mobilised ₹588 crore from anchor investors ahead of its initial public offering (IPO) that will open for public subscription on Wednesday. NBFC The ₹1,960 crore issue will open on November 9 till Friday, November
Founded by Formula 1 driver Karthikeyan, DriveX is into leasing of two-wheeler motorcycles and scooters and selling, trading, and distributing pre-owned two-wheeler motorcycles and scooters. TVS Motor Company on Wednesday said it will acquire 48 per cent stake in Narain Karthikeyan’s pre-owned two-wheeler startup ‘DriveX’ for a consideration
The in-patient psychiatric facility Sukoon Healthcare has secured $15 million (about Rs 120 crore) investment from Lightrock India for a majority stake in the hospital The in-patient psychiatric facility Sukoon Healthcare has secured USD 15 million (about Rs 120 crore) investment from Lightrock India for a majority
Despite all its challenges, failed models and customer criticism over the past two years, Zoomcar is now on the verge of an IPO. After being in the news for the past two years for a slew of issues including customer complaints, refunds, pivots and business downturn
The L&T Group has announced operationalisation of the merger of Mindtree with LTI (Larsen & Toubro Infotech), effective November 14. The new entity, LTI Mindtree, will begin trading from November 24. Mindtree shareholders will get 73 LTI shares for every 100 shares they hold post
India’s bankruptcy court has approved US-based food technology startup Perfect Day’s acquisition of Sterling Biotech under the Insolvency & Bankruptcy Code (IBC). In April 2022, the California-based company emerged successful with a bid of Rs 638 crore against the reserve price of Rs 548.46 crore
Kotak Investment Advisors has secured an anchor investment of $500 million from the Abu Dhabi Investment Authority (ADIA) for its 13th real estate fund, a $1 billion platform targeting real estate investments in the country. With this new fund, Kotak Investment Advisors has raised, managed
Fairfax India Holdings Corporation (“Fairfax India” or the “Company”) (TSX: FIH.U) announces that its wholly-owned subsidiary, FIH Mauritius Investments Ltd. has completed its previously announced sale of 9.8% equity interest in IIFL Wealth Management Limited (“IIFL Wealth”) to Bain Capital for gross proceeds of approximately
US investment fund Blackstone Inc said on Thursday that it would buy a 52% stake in Indian IT services company R Systems International for $359 million ( ₹2,904 crore). Shares of R Systems rallied more than 15% to ₹281 apiece on the BSE in early trading session.
Global Health Limited issued initial public offering (IPO), comprising a fresh issue of equity shares and an offer for sale of equity shares by the selling shareholders, aggregating to INR 22,055.70 million. AZB & Partners acted as legal counsel for BRLMs (Kotak Mahindra Capital Company
As per a report by Digital TV Research, the loss of revenue for OTT players on account of piracy in India is expected to hit USD 3.08 billion by 2022, while the cost of global online streaming piracy will reach USD 52 billion by 2022.
#WorldIntellectualPropertyDay2022 is observed on April 26 every year to create awareness about how patents, copyrights, trademarks, designs and geographical indications impact everyone. And also to celebrate innovation and creativity contributed by various creators and innovators. On the occasion of World Intellectual Property Day (April 26),
Know all the Jazz about NFT and Art in #LawWiser‘s fireside chat. Watch the full feature on All about NFTs and Art with with renowned artist and sculptor @Arzan Khambatta and @Anuradha Chowdhary, Tech Lawyer, @Universal Legal. Anuradha very succinctly explains what NFT means and
Lawyers are always learning and adapting to new laws. Over time depending on opportunities, they also adapt to different roles from law firm professional to independent to in-house counsel. The role of an #inhouse counsel as we know is diverse and they work with a
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