Kolkata-based lubricants company Asianol Lubricants recently announced that it has exited from its joint-venture with US-based Quaker Chemical Corporation by selling the remaining 45% stake in its Indian joint venture, Quaker Chemical India (QCIL), as per a report by Reuters . Khaitan & Co acte...

India’s second largest IT company Infosys, offered a share buyback programme to acquire approximately 20% of the aggregate paid-up equity share capital and free reserves of the company for a total consideration price of Rs 13,000 crores (around $2.03 billion), as reported by The Economic Times and a...

Chennai-based NBFC Samunnati Financial Intermediation & Services has raised Rs 150 crores ($23.5m) in a Series-C funding round led by Swiss investment firm responsAbility with participation from existing investors Elevar Equity and Accel Partners, as reported by VCCircle and The Hindu. The investment was done by way of subscription to 100 equity shares and 317,423 compulsory convertible preference shares of Samunnati.

The PE real estate arm of Godrej Group, Godrej Fund Management is set to enter into an agreement with US-based private equity firm New Vernon Capital to buy its IT park at Thane for an estimated Rs 400 crores (around $62.5m), as reported by The Economic Times . The deal shall be concluded through 10...

While we normally don’t really report news on law firm business development (BD), this one’s quite interesting: Trilegal has hired the former Baker & McKenzie Hong Kong office BD and marketing director Anand Ramaswamy in Delhi, reported India Business Law Journal . He had been at Bakers for 13 ...

Clasis Law’s IP team headed by partner Rahul Beruar has left to set up Beruar & Beruar, with its head office in Delhi’s Defence Colony.

Zerick Dastur Advocates & Solicitors has filed an appeal before the Securities Appellate Tribunal (SAT) on behalf of PricewaterhouseCoopers (PwC) challenging the jurisdiction of the Securities and Exchange Board of India (SEBI) order of last week banning the Big 4 consultancy from auditing work in India.

Former DLA Piper foreign qualified lawyer Timothy Franklyn joined Tatva Legal as a partner in Bangalore.

The wealth management unit of India’s Edelweiss Group have announced the acquisition of Religare Enterprises’s retail broking business for Rs 250 crores (approximately $39m) by way of slump sale, as reported by The Economic Times and Mint . The acquisition by Edelweiss Wealth Management will include...

The promoter of India’s second largest pharmacy retail chain MedPlus Health Services, has raised around INR 750 crores (approximately $115m) in a debt funding round from Goldman Sachs to buy-back shares from Mount Kellett, TVS Capital Funds and Ajay Piramal’s India Venture Advisors, the existing pri...

Naik Naik & Co organised the recent press conference at which late Justice Loya’s son, BH Loya, shared that he did not think anymore that his father’s death was suspicious. However, when some heard a reference to what they thought was Amit Shah, in the audio of the press conference, this began ...

IDFC Alternatives director legal and compliance Rajesh Chavda is set to leave the investment fund by 28 February.

Former Hewlett Packard (HP) director and India country counsel Sanjukta Kulkarni joined L&T Infotech as general counsel,

Shardul Amarchand Mangaldas acted for Capital First , led by Mumbai area managing partner Akshay Chudasama , and the M&A team led by partner Ashni Roy , and associates Akansha Singh and Neha Shaw . The firm’s banking and finance team was led by partner Veena Sivaramakrishnan , consultant Gopalk...

Khaitan & Co Delhi principal associate Arjun Rajgopal joined K Law in Bangalore as corporate partner last month.

Pune-based digital short-term lending startup EarlySalary has raised INR 100 crores (approximately USD 15.7 million) in a Series B funding round led by Eight Roads Ventures India, the investment arm of Fidelity International with participation from existing investors IDG Ventures India, Dewan Housin...

“SATS, in a joint bid with Cargo Service Center India (CSC), has won a cargo handling concession contract in Chhatrapati Shivaji International Airport in Mumbai, India.”, reported The Business Times . The joint venture constituted between CSC and SATS Investment, a subsidiary of SATS wherein SATS In...

Vedanta Resources head legal for power Jasmeet Wadehra is now also heading the Vedanta group’s Sesa Goa unit, which includes four different verticals within the group.

Indian lawyers practising abroad would end up bearing the brunt of the Bar Council of India (BCI) potential regulation of foreign law firms under the current regulatory regime, argued London Court of International Arbitration (LCIA) counsel Dushyant Dave before the Supreme Court yesterday.

Morgan Stanley Private Equity Asia has invested Rs 152 crore in South Health Foods, which makes the Manna Foods range of health food products, reported the The Times of India . Cyril Amarchand Mangaldas advised Morgan Stanley Private Equity led by New Delhi-based partner Nivedita Tiwari and partner ...