Tag: India Economic News

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 With the recent investment, the Company has become a ‘unicorn’. The Firm acted as legal counsel to Gaja and […]

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. Anuradha very succinctly explains what NFT means and Arzan takes […]

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 […]

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 has been further extended 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 […]

India Battles to Survive Covid-19

A slipping economic growth in India was compounded with a rude jolt by the WHO declared pandemic which is threatening to wipe out many global economies. Covid-19’s sudden spike in March is wreaking havoc and in order to contain the fast spreading outbreak, India has decided […]

India’s Finance Budget and slipping economic growth

The Union Finance Budget was announced 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 India has not been directly hit by Coronavirus, it is feeling the effect […]

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, continuing the year-end gloomy economic situation in the country. The Government has an opportunity to […]

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: 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 […]