Bharucha & Partners advised Axis Bank that sold 25 per cent of its shares in Axis Asset Management to Amarchand Mangaldas-advised Schroders.

Corporate recruiter ICICI Bank has increased its basic pay package for new recruiters by almost one and a half lakh rupees taking the basic annual package to 10.5 lakh, as Bharucha & Partners, Juris Corp and Majmudar & Co hiked their fresher pay. Tatva Legal kicked off its first law school recruitment season with packages of Rs 8 lakh.

Majmudar & Co has hired Bharucha & Partners equity partner Rukshad Davar as a corporate, M&A and tax partner in Mumbai.

Exclusive: Bharucha & Partners has opened its first office outside Mumbai, entering New Delhi with partner Kumkum Sen from Raijnder Narain & Co, nearly a year after the firm opened in a second Mumbai location.

Senior advocate Fali Nariman led industrial house Wadia Group’s victory in a high-profile property dispute matter in the Bombay High Court against real estate developers G L Raheja which was represented by Bharucha & Partners and senior counsel Abhishek Manu Singhvi, reported the Economic Times.

Bharucha & Partners with Norton Rose and Talwar Thakore & Associates (TTA) with best friend Linklaters are advising HSBC on its takeover of the Indian retail and commercial banking business of Royal Bank of Scotland (RBS) for a premium of Rs 444 crore ($95m) over the net asset value of the business.

Bharucha & Partners has filled out its senior associate ranks by promoting four associates into the position.

Bharucha & Partners is moving its corporate department making and half the firm into Talwar Thakore Associates former Mumbai office, almost doubling its available floorspace in Mumbai.

Bharucha & Partners and Khaitan & Co have led on The Blackstone Group’s Rs 300 crore ($64m) investment in logistics company Gateway Rail Freight.

Indian law firms are famously enamoured with the letters of the alphabet. But is it rubbing off on the Indian tax office?

Bharucha & Partners has taken over a Mumbai niche corporate practice, gaining the first new equity partner since setting up.