Tag: India Economic News
India’s Economic Growth Shows Signs of Slowing
The economic growth forecasts for India are showing reduced rates indicating reduction in the growth for the current financial year. A number of factors are contributing to this reduction though India remains one of the fastest growing economies among comparable countries. A new industrial policy is […]
India: Forging Ahead Across Borders
The Government of India has forged a financial relationship for wallet transactions with Singapore. It is a first for going beyond borders to simplify transactions. This is a landmark achievement and might be beneficial for residents of both countries. The Union Budget has proposed a series […]
India economic progress: New Year New Beginnings
India economic progress brings new hope and optimism for 2023 after a recovery phase in the second half of 2022. It is aiming for a betterment from the past year. The expectation for improving economic progress is not totally unfound. While considering that the Indian economy […]
India Focuses on Digital Development
The economic forecast continues to remain slightly weak with lower growth forecast by leading financial agencies. The impact of external factors continues to influence the current local situation. As the Government makes attempts to improve economic conditions. India has now assumed the prestigious presidency of the […]
Advising clients in employment, industrial and technology law in India. An interview with Neeraj Dubey
Neeraj Dubey is a Partnerwith India’s Juris Corp. He has substantial experience in advising clients in employment, industrial and technology law. With expertise encompassing business law, regulatory and compliance. Along with experience in industry sectors including real estate & infrastructure, e-commerce, aggregators and a variety of […]
Ritika Ganju, Former Phoenix Legal Partner sets up a new firm – ‘Rise Legal’
Ritika Ganju, a former partner in corporate and M & A practice of Phoenix Legal. She has set up a new law firm with partners, Tejas Patel, Aquib Ali and Meera Kaura. Rise Legal is a full-service law firm with a principal office in New Delhi. […]
Saraf and Partners advised Carlyle Group in pre-IPO transactions with RJ Corp, SBI MF and Novo Holdings
Saraf and Partners advised Carlyle Group in a pre-IPO transaction involving sale of its partial stake in Global Health Limited to a clutch of three investors namely (i) RJ Corp Limited; (ii) SBI Funds Management Limited; and (iii) Novo Holdings. Global Health Limited, which operates and […]
India: Overall Economic Forecasts Dip Further Despite Individual Gains
External factors continue to be adversely impacting India’s economic progress. Though the Government has taken adequate steps to steer the economy back on the growth path. Despite the individual performance factors being higher than the rest of the world, the overall growth forecast has gone down. […]
Link Legal advised BeyondSeed in its seed investment in Goofy Tails Private Limited
Link Legal represented and advised BeyondSeed, a Singapore based fund, in its seed investment in Goofy Tails Private Limited. The Firm also worked alongside Chennai Angels, an angel investment group based in Chennai, for its investment in Goofy Tails in the same seed round. The ticket size of […]
Luthra and Luthra expands its practices with new international Trade and Corporate Partners
Leading law firm Luthra and Luthra Law Offices India ramps up its practices in India by hiring Tamal Mandal and Abhilekh Verma as International Trade and Corporate Practice Partners, respectively. Tamal has joined the Firm’s Delhi office while Abhilekh will be based out of the Firm’s […]
India: Economic Forecasts Dip on Global Cues
With the Covid-19 pandemic waning in India, the other aspects of the economy came to the fore. Especially the increasing inflation which appears to be one of the major factors dampening economic growth prospects. Most of the international financial institutions and global rating agencies have lowered […]
Luthra and Luthra elevates 31 members as it announces promotions for the year 2022
Luthra and Luthra Law Offices India celebrated its ‘32nd Annual Day’ on Saturday, the 10th of September 2022 in the most unique way with members gathered physically at respective offices and all offices connected virtually. Read More: Trowers welcomes new international corporate partner Geoff Allen The evening commenced with the […]
Luthra and Luthra advise L and T Finance on a highway project of INR 629 Crores
Luthra and Luthra recently acted as Lenders’ Legal Counsel for L&T Finance Limited in relation to the financing made available to Kappirikkad Highways Private Limited, for an amount of INR 628 Crores in connection with six laning from Kappirikkad to Thalikulam section of NH-66 (old NH-17) in the […]
India: Economic Improvements in Sight
There have been some improvements India’s economic activities and the Government is making efforts to complete free trade agreements with some of the significant trading partners. The inflows from foreign portfolio investors have increased and currently highest in the last 20 months. There was a setback […]
India’s Insolvency and Bankruptcy Code, 2016 Will Prevail Over Customs Act, 1962
The Supreme Court has passed a landmark decision today in the matter of “Sundaresh Bhatt vs. Central Board of Indirect Taxes & Customs” [Civil Appeal No. 7667 of 2021] and held that the provisions of the Insolvency and Bankruptcy Code, 2016 (“Code”) will prevail over the […]
India: Economic Growth Further Slows Down
India’s economic growth has further slowed on global cues and disruptions as reflected in the reduced economic growth forecasts by global financial institutions. Concurrently, the Indian Rupee had almost a freefall against the dollar due to global factors such as the Russia-Ukraine conflict, soaring crude oil […]
Aekom Legal, firm of 25+ practitioners formed by breakaway team from Vaish Associates
Seasoned corporate lawyer Mr. Satwinder Singh, Partner at Vaish Associates Advocates along with Mr. NPS Chawla, Associate Partner and three Principal Associates, namely Mr. Sujoy Datta, Mr. Kalpit Khandelwal and Mr. Lokesh Dhyani have moved out from Vaish with team and have started a new journey […]
Link Legal advised Doncasters Group of Companies in relation to the Indian element of its acquisition of Uni-Pol Group of Companies
Link Legal represented and advised Doncasters Group of Companies (“Doncasters”) in relation to the Indian element of its acquisition of Uni-Pol Group of Companies (“Uni-Pol”). Read More: Aekom Legal, firm of 25+ practitioners formed by breakaway team from Vaish Associates Doncasters is a leading international manufacturer of high-precision […]
DSK Legal welcomes 21 new partners and their teams
DSK Legal are delighted to announce that Mr. Bobby Chandhoke and Mr. Sudhir Sharma have joined DSK Legal together with 19 partners and their respective teams aggregating to 63 lawyers, after leaving L&L Partners where they had worked for several years. They bring a diverse range […]
Krishnayan Sen, Founding Partner and Head of Disputes Practice at Verus, is set to merge his practice with L and L Partners
L&L Partners is delighted to announce that Krishnayan Sen, Founding Partner and Head of Disputes Practice at Verus, is set to merge his practice and join L&L Partners as a Partner in the Firm’s Disputes Practice at New Delhi with his team. Read More: DSK Legal […]
Funding Societies acquire CardUp’s entire shareholding – L and L partners acted for Sequoia
The Firm recently advised Sequoia on sale of its entire shareholding in CardUp to Funding Societies, Southeast Asia’s largest SME digital financing platform. This forms a part of Funding Societies’ acquisition of CardUp’s entire shareholding. Read More: L and L Partners advises L and T Finance Limited in connection with financial assistance […]
L and L Partners advises L and T Finance Limited in connection with financial assistance made available to a subsidiary of Renew Power Private Limited
Banking & Finance team at L&L Partners Law Offices advised L&T Finance Limited (the “Lenders“) in connection with financial assistance for an aggregate principal amount of INR 595,00,00,000 (approx.) made available to a subsidiary of Renew Power Private Limited for its operational wind power project located at Babaleshwarand Batkurki districts of Karnataka. Read More: […]
India on Economic Growth Path, Albeit Slower
India continues its slow economic recovery while Covid-19 cases are rising once again in the country. The economic growth forecasts have been reduced by global financial institutions amidst internal issues including inflation and external issues comprising largely due to the supply chain disruption arising out of […]
L and L Partners acts for Gaja Capital making MarketXpander the next unicorn
The Firm’s Corporate team recently acted for Gaja Capital(“Gaja”), that is an existing investor in MarketXpander Services Private Limited (“Company”) on the recent fund raise by the Company from WestBridge Read More: India on Economic Growth Path, Albeit Slower With the recent investment, the Company has become a ‘unicorn’. […]
L and L Partners acted for Bank of Baroda for funding of working capital requirements of OLA Electric
L&L Partners recently advised Bank of Baroda in connection with the funding of working capital requirements of Ola Electric Technologies Private Limited aggregating up to INR 616.00 Crore for its green field project for manufacturing two-wheeler vehicles at Krishnagiri District, Tamil Nadu with an initial capacity […]
L and L Partners advised ICICI Bank Limited on a re-financing transaction in relation to Rajiv Chowk and Gurugram National Highway – 248A
The Firm advised and acted for ICICI Bank Limited (“ICICI”) in connection with financial assistance sanctioned to Rajiv Chowk-Sohna Highway Private Limited for the purpose of re-financing part of existing secured indebtedness of the borrower company availed in relation to six-laning and strengthening of NH-248A from existing km 2.740 (Rajiv […]
L and L Partners acts on one of the largest projects financing transactions in the fertilizer sector in India
L&L Partners acted as lenders’ legal counsel for 3 separate consortiums of banks led by State Bank of India, in relation to the financial assistance in the form of term loan facilities and working capital facilities made available to Hindustan Urvarak and Rasayan Limited for the purpose […]
India Focuses on Business Operational Improvements
India is a state of static recovery with Covid-19 cases remaining low and other internal as well as external factors impacting major economic rebounds. The war in Ukraine has disrupted supply chain routes and Covid related economic packages are now adding to the inflation increase. This […]
All About NFTs and Art. Universal Legal – LawWiser
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. Read More: Helping lawyers achieve business development success. An interview […]
India’s Economy Sees Impact of Global Headwinds
As mentioned last month India continues to be negatively impacted by the ongoing war with lower economic forecasts as a fallout of the ongoing conflict. There have been increasing surge of Covid 19 new cases in certain parts of the country, which is worrying local governments […]
Doing business in the metaverse: legal risks and opportunities
So what, when the world is busy getting back into the post-pandemic groove; why should HR even be interested in this? The Metaverse, and the proliferation of remote working arrangements are the two tectonic shifts that are reshaping the world we work in since the onset […]
India Sees Glimpses of Pre-Pandemic Times
India is feeling the impact of the ongoing war with lower economic forecasts as a fallout of the ongoing conflict. The situation relating to Covid 19 pandemic in India has seen significant improvement in the last month leading to lifting of restrictions across the country. We […]
India Improves Internally as Conflict Rages Externally
The third wave of Covid 19 pandemic in India abated as quickly as it has engulfed the entire country in a very short span of time. All activities have resumed in the country as the situation improved in the last few weeks. The forecasts by global […]
Omicron Drives in the Indian New Year
The new year was ushered in riding on the third wave of Covid 19 pandemic in India largely due to the spread of the Omicron variant across the country. The daily case load shot up in the first 3 weeks of the month and restrictions were […]
India Closes the Year with Economic Optimism
India continued to maintain momentum on economic recovery as projected forecast for growth was reduced by some global agencies. This is linked to the Covid 19 related situation prevailing in India currently. There has been a marginal rise in daily reported cases since the Omicron variant […]
India Stays Steady as Storm Looms in Horizon
Just as we thought that the pandemic was slowly receding in India with very low daily cases and festive season behind us now, a fresh threat looms on the horizon. The Omicron variant is being seen as a concern worldwide now. India was gearing up to […]
‘The Thing About……Nishith Desai’
Nishith Desai, founder of the eponymous firm Nishith Desai Associates, talks to Patrick Dransfield about strategy, technology and people management.
India: Should We Celebrate this Diwali
There has been cause for cheer as India scripted history by achieving administering 100 crore (one billion) Covid-19 vaccination doses in just about nine months of its rollout. The daily increase in new cases has remained on the lower all throughout the festive season. India is […]
India: Economy Shows Signs of Revival
There has been recovery of the Indian economy in the past month. The daily new Covid 19 cases have gone down some more to around 30,000 and even below on certain days. This is coupled with staggering coverage on vaccination across the country. Considering the vast […]
India: Economy Sees Green Shoots as Vaccination Coverage Increases
There have been some green shoots in economic activity as new Covid 19 cases seem to have stabilized around the 40,000 daily mark. The festive season has just commenced and there are apprehensions as well as expectations. The apprehension stems from gatherings and people coming together […]
How Naina Pachnanda achieved her dream of contributing to India’s innovation in her own innovative way
Naina Pachnanda’s study of law and legal career, combined with her love of her country, led her to pursue a career with Invest India, where she helps simplify India’s business environment through innovation and technology regulation. In this interview with Asia Law Portal, Naina recounts her […]
India: Economic Impact of Second Wave
The second wave of Covid 19 seems to be continuing and the warning from health experts that the tail of the decline could be prolonged is coming true. India continues to record average of around 40,000 cases for the past 3 weeks with large numbers seen […]
India: Clawing its way back from the devastating Covid 19 Second Wave
India breathed a collective sigh of relief as the second wave seemed to have abated for now. The daily new cases of Covid 19 have come down quite steadily and gave respite to all anxious citizens of this vast country. The prediction of a third wave […]
India: Covid 19 Second Wave Leaves Behind Devastation and Death
The ferocious second wave of Covid 19 has caused severe wreckage in India. The depth of the destruction and death exposed the poor preparedness and sorry state of affairs that the country found itself in during the last few weeks. Several local lockdowns were imposed by […]
Covid-19 Second Wave Sends Shivers Down India’s Spine
It is unnerving to see what is happening all around us in India. The second wave of Covid 19 has been ferocious and severely impacted Indians. The daily new cases recorded have been the highest in the world for the past few days. The economy is […]
Covid-19 Second Wave Hits India on Lockdown Anniversary
India is once again witnessing a surge in Covid-19 infections. As the anniversary of the lockdown approached the increase in cases reared its ugly head and this time the numbers are skyrocketing in affected areas. The second wave is threatening to undo the gains from the […]
Will Vaccination Revive Economic Growth Sentiments
India’s ambitious vaccination drive is currently going on in full swing
India Sees Slight Economic Recovery
The Indian economy fared better to slightly recover from recessionary situation in the past few months. There is optimism due to the impending launch of the vaccination drive after the Government grants emergency authorisation. This is reflected in improved forecasts by global institutions. There is significant […]
India’s Economy Continues to Fight Coronavirus Effect
The increase in India’s Covid-19 cases remains high though new cases have decreased steadily and recovery rate increased. With the ongoing festive season in the country and the lifting of the lockdown near complete, the situation can get worse if due precautions are not observed in […]
The Worst Economic Contraction since India’s Independence
The Covid-19 situation continues to deteriorate in India and cause contraction that the country has never seen since its independence. The Government is making desperate attempts to revive the economy and marginal effects can be seen in the increase in exports. Changes in the foreign direct […]
India: Economic Shock is Severe
The economic situation and severity of the Covid-19 crisis in India is now unfolding rather rapidly. The Reserve Bank’s annual report, while providing details on the current situation, has acknowledged that contraction in economic activity will likely prolong into Q2 and the path to recovery is […]
India: Unlocking Benefits vs. Rising Covid-19 Cases
With the gradual unlock of the lockdown restrictions kicking in across various parts of the country, there are slim hopes of slow improvement in the economy. While some State Government are battling surges and the daily rise of new Covid-19 cases breaking new records, the Government […]
India’s Economy Likely to Contract
India is limping back to some normalcy in economic activity and resumption of business operations despite the rising Covid 19 cases. While partial lockdowns are still in force in certain pockets where the concentration of cases is high, industrial establishments and offices have opened up in […]
India’s Economy Locked Down
The grim fallout of India’s self-imposed lockdown of more than 2 months is coming to the fore now. The economic growth has now dipped to zero or even negative leading to a contraction. While continuing the lockdown, the Government has relaxed restrictions on certain business activities. […]
India’s Economy Wilting Under Covid-19 Headwinds
India’s self-imposed near-total lockdown of 21 days extends further to May 03, 2020. This 40-day shutdown has derailed the economy as per reports of global financial institutions. There has been marginal lifting of the restrictive measures in select areas for some essential services only. But the […]
India Battles to Survive Covid-19
A slipping economic growth in India hit with a rude jolt by the WHO declare-pandemic. Which is threatening to wipe out many global economies. Covid-19’s sudden spike in March is wreaking havoc. And to contain the fast-spreading outbreak, India enter into a self-imposed near-total lockdown of […]
India’s Finance Budget and slipping economic growth
The Union Finance Budget is here without much in it for foreign investors. The economy remains a point of discussion with global financial institutions as recovery does not appear in the horizon. While Coronavirus has not directly hit India, it is feeling the effect in different […]
Will 2020 be make or break year for India’s economy?
The Government of India should be ready with its new year resolutions and timelines to achieve the same. As 2020 ushered in the lowest GDP forecast in the last 11 years. It continues the year-end gloomy economic situation in the country. The Government has an opportunity […]
India Ends 2019 on a Significantly Weak Economic Note
The Indian economy did not have any recovery on the economic front as per data released by 2 global financial institutions. The Personal Data Protection Bill made the much-awaited comeback to the forefront when it was introduced in Parliament. India’s regional trade and growth potential remains […]
India: Economic Growth Dips to Slowest in 26 Quarters
The Indian economy recorded its slowest growth in 26 quarters knocking in fears of a recession. While the Government denied this, the dipping growth rate continues to be the focus of global financial institutions. Foreign investment inflows increased compared to last year providing some hope and […]
India economic slowdown: Stimulus to Slow the Slowdown
The Government finally took some recourse to revise the slowing India economy by introducing a stimulus economic package. The foreign direct investment limits were further liberalized to add possibly as part of the stimulus. The slowdown was now reported by Moody’s as well. The Personal Data […]
India: Economic Growth Slows Amidst Data Localisation Concerns
The Indian economy is heading for a slowdown as growth forecasts are flat or lowered. The laws pending for approval before the general elections are now in focus. Data localization concerns are rising with the data protection related proposed legislations due to be passed law soon. […]
Modi Returns While India’s FDI Falls
The people of India voted the incumbent Prime Minister Narendra Modi back to power with a thumping mandate in the general elections which concluded this month. The reforms and other initiatives of the current Government are expected to continue and pending legislations such as data privacy […]
Slowdown Forecast for India’s Economic Growth
The five year term of the current Indian Government led by Prime Minister Narendra Modi is coming to an end as the electoral process commenced in the world’s largest democracy. The elections are being carried out phase-wise across the country and results are scheduled to be […]
Mixed Forecast for India’s Economic Growth
There were mixed forecasts for India’s growth in reports issued by Fitch and Moody’s. While one showed a continuous decline the other one appeared stable. There is a proposal to liberalise foreign direct investment in foreign portfolio investments. India and South Korea came together to create […]
Dip in India’s FDI While It Climbs Highest in IP Index
India reported reduction in its foreign direct investments. The draft national e-commerce policy has been introduced and currently available for submission of comments by stakeholders. The news to cheer was India’s climb in global intellectual property index. The RBI’s forecast on India’s GDP growth was announced […]
High Growth Forecast for India Amidst Some Concerns
India continued to receive high economic growth forecast, as per reports issued by the International Monetary Fund and United Nations (UN). However, the UN reported highlighted some concerns and worrisome factors. Government of India recently amended the external commercial borrowings rules to further enable ease of […]
India’s Economic Growth Scores Highest in World Bank Report
India’s economic growth Score prospects received a major boost from the World Bank and the Government of India reports. The Government also simplified the reporting of foreign investment by Indian entities. The Government’s increasing focus on intellectual property rights and its awareness resulted in the creation […]
Global Corruption Index Dampens India’s Governance
The Central Government’s financial budget was announced wherein some foreign investment-related policies were mentioned. There were changes proposed for foreign portfolio investors. The Indian Prime Minister declared India to be one of the most open economies in the world. However, the dampener was India’s downward movement […]