The ongoing hearing of the Bar Council of India (BCI) appeal in the apex court against the AK Balaji Madras high court judgment took an interesting turn today, with Justice AK Goel suggesting to the counsel that instead of the current FIFO (fly-in and Flying Out) that had been suggested by the high court, foreign lawyers should rather stay here, and offer legal advice, to get relief from any restrictions.

Former J Sagar Associates (JSA) Mumbai principal associate Shaswata Dutta joined Trilegal Mumbai as counsel this month.

Tata Sons former general counsel (GC) Bharat Vasani, has completed the handover of reins at India’s largets conglomerate’s parent company, and will be retiring from tomorrow.

Trilegal has decided to close its Hyderabad office and to service existing clients from Bangalore, after its only partner in the city, Pavan Kumar, has decided to go independent. We have

Global mobile gaming company Nazara Technologies has acquired a majority stake of 55% for an undisclosed amount in leading Indian esports venture Nodwin Gaming through a mix of a cash and stock deal, as reported by Mint and VC Circle . Post acquisition, Nodwin will continue to operate as an independ...

NYSE listed Fortune 500 company, Arrow Electronics has successfully completed the acquisition of Ahmedabad and California-based product engineering and software R&D services company eInfochips, through its Indian subsidiary for an estimated consideration of Rs 1900 crores (around $300m), as rep...

Gurgaon-based upcoming micro-delivery grocery platform has secured Rs 19 crores (around $3m) in a Pre-Series A funding round, led by Unilever Ventures Holdings the investment arm of Unilever PLC, as reported by The Times of India and Mint. The grocery delivery platform had raised around $500k in another Pre-Series A funding round from Blume Ventures and Lenovo Capital and Incubator Group, earlier in August, 2017.

The only partner in Cyril Amarchand Mangaldas’ Hyderabad office, Harita Rao, has given notice last month.

Luthra & Luthra partner Dipti Lavya Swain has joined Azure Power as general counsel (GC).

India reversed its trend of death row population spike since last year, with a drop of nearly 27% in the number of prisoners sentenced to death by sessions courts in 2017, according to the second NLU Delhi Death Penalty Report.

Hero Enterprises, led by ex-Hero MotoCorp joint MD Sunil Kant Munjal has acquired 25% of the share capital in Mumbai-based consumer lighting firm Corvi LED Light through an investment of Rs 63 crores (around $10m), as reported by The Economic Times and Business Standard.

Ministry of railways operated public sector enterprise, RITES has filed the draft red herring prospectus with SEBI for an initial public offering to raise an estimated Rs 600 crores (approximately $94.5m) by way of an offer for sale by the President of India for a sale of upto 24 million equity shar...

Bengaluru-based vernacular social networking app Sharechat, owned by Mohalla Tech has raised Rs 120 crores (around $18m) in a Series B round of funding from Chinese smartphone manufacturer Xiaomi and its founder Lei Jun’s venture capital fund Shunwei Capital along with participation from existing in...

Nalsar Hyderabad 2014 alumnus Siddharth Nayak, credit rating agency Moody’s former general counsel Gyanendra Mishra and Jamia Milia 2011 alumnus Suresh Sharma have co-founded litigation and corporate commercial firm Atharva Legal in January 2018, as a 30-lawyer outfit across six cities to majorly act for US businesses coming into India.

ICICI Venture, the private equity arm of India’s largest private-sector lender ICICI Bank, has entered into a definitive agreement to acquire a minority stake of around 14% in popular women’s legwear brand Go Colors owned by Chennai-based apparel maker, Go Fashion India by investing Rs 100 crores (around $15.6m), through its fourth PE fund – India Advantage Fund Series 4, as reported by VC Circle and The Economic Times. The current investment is the ICICI Ventures’s first retail apparel investment in the past decade and also marks as the second for the women’s apparel brand, pursuant to an initial investment of Rs 60 crores by Sequoia Capital India Investments IV in November, 2014, wherein Sequoia acquired 33.33% stake in Go Fashion India.

Mumbai-based software products company, S-Cube Futuretech has been acquired by US-based infrastructure engineering solutions provider Bentley Systems for an undisclosed sum, as reported by VC Circle and The Economic Times . Earlier in 2015, S-Cube had raised $1m from IDFC-Parampara Early Stage Oppor...

Kolkata-based private sector lender, Bandhan Bank, has filed draft papers with markets regulator SEBI for its initial public offer (IPO) to raise an estimated amount of over Rs 2,500 crores (around $391m) through a mix of primary and secondary share sale of equity shares, as reported by MoneyControl...

Milbank Tweed Hadley & McCloy added former Cadwalader Wickersham & Taft partner and NLSIU Bangalore 2004 alumnus Sinjini Saha in London, as reported by Legal Business.

Bengaluru-based microlending startup KrazyBee, operated by Finovation Tech Solutions, has raised Rs 52 crores (around $8m) through a Series A equity and debt financing round led by Xiaomi Technologies and venture capital firm Shunwei Capital, along with participation from Mumbai-based Essel Group’s ...

Former OYO Rooms general counsel Smriti Subramanian who was a partner at Advaya Legal, has joined Snapdeal as general counsel (GC) this week replacing former GC Ashish Chandra.