Tag: India Economic News

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. The evening commenced with the Firm’s Founder & Managing Partner, Mr. Rajiv K Luthra addressing […]

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”).  Doncasters is a leading international manufacturer of high-precision engineering components. It has production facilities across Europe and the US and has market-leading specialist […]

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. Sen, an Advocate-on-Record at […]

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.   L&L Partners advised Sequoia on all aspects of the transaction including negotiating & finalisation of transaction […]

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.  The team […]

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 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 […]

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 […]