“In a deal led by Reliance Jio director Akash Ambani, Reliance Industries today signed an agreement for merging the digital music service Saavn with JioMusic to create a digital media platform with global reach having total value of over $1 billion,” reported PTI.

Former Snapdeal general counsel (GC) Ashish Chandra has joined streaming service Netflix India as legal director after a brief stint with Malaysian media and entertainment company Astro Malaysia Holdings as vice president and head counsel, as first reported by Bar & Bench.

“Fortis Healthcare announced the sale of its hospital assets to Manipal Health Enterprises and buyout firm TPG Capital. The Fortis Healthcare board has also approved the sale of its 20% stake in SRL Diagnostics to Manipal Hospitals. The resultant entity, Manipal Hospitals, will be a publicly traded ...

Delhi-based intellectual property (IP) boutique Care Intellect promoted senior associate Sanchay Mehrotra to associate partner.

Argus Partners has promoted four associates to various associate rungs. Name Promoted to City Debopam Dutta Managing Associate Mumbai Prerana Amitabh Managing Associate Delhi Swapnil Gupte Senior Associate Mumbai Ekta Bhasin Senior Associate Delhi

J Sagar Associates (JSA) senior associate Puja Priyadarshini, is set to join HSA Advocates in mid-April as associate partner.

Khaitan & Co Bangalore-based litigation partner Nalina Mayegowda, who had only joined a year ago from Poovayya & Co, has left to become a counsel reported Bar & Bench.

She was the fourth disputes partner in Khaitan’s Bangalore office.

Bengaluru-based packaged foods start-up Kottaram Agro Foods that markets its products under the brand Soulfull, has raised Rs 35 crores (around $5.4m) from India’s leading impact investment firm and part of the Aavishkaar-Intellecap Group, Aavishkaar Bharat Fund, as reported by Mint and The Economic...

Global provider of digital engineering and IT outsourcing services, Virtusa Corporation, has entered into an equity purchase agreement to acquire all outstanding shares of eTouch Systems Corporation, a Fremont, California-based digital web engineering technology services company, together with its I...

Online furniture and home marketplace, Pepperfry, owned by Mumbai-heaquartered TrendSutra Platform Services has raised Rs 250 crores (around $38.5m) in a fresh round of funding led by US-based asset management company State Street Global Advisors, as reported by VC Circle and Mint . With the current...

Trilegal’s partnership has just voted to promote two of its counsel to its all-equity lockstep partnership, according to authoritative sources.

US-based fund manager, Global Infrastructure Partners (GIP) along with co-investors have announced the acquisition of Asia’s largest renewable energy firm, Equis Energy through a 100% cash deal, as reported earlier by VC Circle and The Economic Times. The deal is considered to be the the largest renewable energy generation acquisition in history and was completed on January 19, 2018.

In a global partnership promotion round of 27 across 11 offices, India group member Sushil Jacob has been promoted to partner at international giant Linklaters, with effect from 1 May 2018.

Sumeet Lall, who is the longest-surviving lateral partner hire at Clasis Law which under managing partner Vineet Aneja has lost its partnership several times over in the last years, has resigned, according to authoritative sources.

Long-time ALMT Legal senior partner Hitesh Jain is set to leave the firm after 31 March of this year, taking his team of 28 fee-earners, including two salaried partners, with him.

Sydney-based capital fund manager Macquarie has bagged 9 completed highway projects for a bid of Rs 9,681.5 crores ($1.4b) winning the rights to manage 648 kms through auction, in a first of its kind initiative by the government to monetize its assets under the toll-operate-transfer (TOT) model, rep...

Bangalore-based online B2B e-commerce platform, Udaan has secured $50m in a Series B funding round led by Russian billionaire and DST Global founder Yuri Milner’s personal investment vehicle Apoletto, along with partcipation from existing investors Lightspeed Venture Partners US and Lightspeed India...

The government said in Lok Sabha on 21 March that the “entry of foreign law firms… on basis of reciprocity is under consideration by Government”, as first reported by LiveLaw.

The nearly 7-year-old best friendship between Clyde & Co and Clasis Law is on the rocks, and due to not continue after 31 March of this year, according to multiple sources with knowledge of the development.

Delhi-based pan India financing company, Aviom India Housing Finance has raised Rs 15 crore ($2.3m) equity funding from Cambodia-based investor Insitor Impact Asia Fund in a Series A round of funding, as reported by VC Circle and Business Standard . Jerome Merchant + Partners advised Aviom India Hou...